Coinbase Card - Earn Crypto back on every Purchase

Users can purchase, sell, or store their Bitcoin on Coinbase, a marketplace for cryptocurrencies and, more recently, NFTs. The exchange has a huge user base and is present in more than 100 countries. Beginners and experienced traders can use Coinbase to trade well-known cryptocurrencies like Bitcoin and Ethereum as well as less well-known but highly sought-after ones like SUI and MAGIC.

There are more than 10,000 assets to pick from. The platform includes an easy-to-use user interface that is great for beginners and offers a direct, straightforward method of converting cryptocurrency to cash and vice versa.

You can trade and stake on the platform, along with the ability to have a secure wallet to safeguard your digital assets, take crypto payments, and get solutions in case of institutional investors. However, these are just a few services offered by the platform. Let’s talk about the debit card that it launched for a feasible crypto experience.

Spending crypto (including USDC) or US dollars with a Coinbase Card is possible as long as Visa cards are accepted at the location. You can spend cash or any of the cryptocurrencies you own with your card. Additionally, US users can benefit from reward programs while using the cards to make purchases.

Now, that you’ve understood what these cards are launched as we thought it is important to learn and understand the features that have been crafted into the cards for all users:

• Instant spending ease – A debit card that uses the funds in your Coinbase account to make cryptocurrency as spendable as cash.

• Worldwide usability – Available for use in millions of locations spread across the world. Pay using contactless, use a PIN, or use any ATM to get cash.

• Safety like never before – Exceptional security is a given. There are many ways to keep your card secure, including two-step verification and fast card freezing.

• Pay with a crypto of your choosing - Pick which cryptocurrency to use for app payments. The transition between Bitcoin, Ether, and other cryptocurrencies takes only a few seconds.

There are only a few things that you can do with a Coinbase Card and yes, it may not reach up to the high expectations that the brand has built. However, this gives us an incredible benefit – it makes the experience seamless and highly secure.

• Pay with your Coinbase Visa debit card worldwide

• Track and spend through the exclusive card app

• Be assured that your digital finances are kept safe

Different cryptos can be converted into usable money using the Coinbase Visa debit cards. You can trade and utilize more than 35 different cryptocurrencies that the platform supports. The following cryptocurrencies are on the list:

• BTC, or Bitcoin

• LTC, or Litecoin

• BCH, or Bitcoin Cash

• XRP, or Ripple

• Stellar (XLM) 

• Augur (REP)

It has been mentioned numerous times earlier that a Coinbase card can be used for multiple purchases in several different countries (more than 30), but not everywhere. Thus, we bring to you a list of countries that supports the use of these cards:

• United Kingdom

• Spain, Sweden, Slovakia, Slovenia

• Romania

• Poland, Portugal

• Netherlands, Norway

• Luxembourg, Latvia, Liechtenstein, Lithuania

• Italy, Iceland

• Hungary

• Greece

• Finland

• Estonia

• Denmark

• Croatia, Cyprus

• Belgium, Bulgaria

• Austria

No matter how much we try, you would always make your decision of choosing a service based on its upsides and here, in this section, we have procured and listed the pros of the debit card by Coinbase:

• One of the safest exchange platforms in the cryptocurrency sector

• It enables quick and automatic conversion of cryptocurrency to physical money

• It rewards American clients with up to 4% in cryptocurrency

• The card is protected with a PIN, an added layer of security

• Both Android and iOS users can access the mobile app for the debit card

Yes, of course, nothing can be perfectly flawless, after all, flaws are what make things perfect, right? Therefore, in this section of the read, we’ll be listing a few downfalls that a Coinbase Card has in store for its users (do not forget the pro-list above):

• In comparison to other crypto cards, it costs more.

• The high conversion fee of 2.49%

• On purchases, very meager rewards are provided.

• To use a Coinbase debit card, the customer must have a validated Coinbase account.

• It doesn't provide live customer assistance.

Some services offered by the card are provided without charge, including the absence of annual and card issuance fees for cardholders in the United States. On other services, however, there is a price. The Coinbase card charges the following fees that are noteworthy.

• Overdrawals above the daily cap of $25,000 in transactions and $1,000 in ATM withdrawals are subject to a 1% fee.

• When using a card outside of the United States, there is a 2% fee.

• On each purchase of the supported cryptocurrencies, excluding USDC, there is a 2.49% cryptocurrency liquidation fee with no liquidation cost for USDC.

Although it is not the most affordable, the price structure for this Visa debit card is nonetheless very competitive for American cardholders.

Well, speaking of using the Coinbase Card, the first thing users must do is check for eligibility in your Coinbase exchange account. If eligible, you can go ahead and sign up for a card through the website on your computer or application on your mobile phone. And to do that, you have to check the card menu and select amongst the available options before following all the displayed prompts.

Now, let’s talk about what happens after you receive the ordered card from Coinbase. You get the physical Visa card along with the activation code that is crucial for setting up an account for the same. And before you begin, ensure installing the official card app to move the procedures ahead.

1. Fill up the required details (phone number, date of birth, etc.)

2. Complete the phone number verification and go on.

3. You will now be taken to your card’s dashboard.

4. Make sure you put in the code that you see in the delivered package.

5. Then, you receive a call for setting up a PIN.

6. Once the activation is done, you can start using the card for crypto payments.

Users are free to add their card either through the Coinbase app or using Apple Wallet. As soon as the card application gets authorized, you'll have the opportunity to link it to Apple Pay within the Coinbase app. For usage in transactions and ATM withdrawals, Coinbase will immediately convert all cryptocurrencies to US Dollars and transfer the amounts to your Coinbase Card (minus conversion fees).

In general, a Coinbase Card is a great option for people who want to utilize their cryptocurrencies for seamless shopping and other payment purposes, just like conventional money.

There are a few things you should be aware of, for instance, you need to call customer service right away if your card is lost or stolen at some point. Your card will be deactivated immediately, and you can get a new one in 7 to 10 days. Also, to obtain the details of a virtual card, you must order a physical card.

The Coinbase card leaves its rivals behind, in terms of features like convenience and security. It is applicable in numerous nations around the world. It has never been simpler to use cryptocurrency daily and if you visit coinbase.com/card you can get a peek into the experience.