Coinbase Visa Debit Card Review: Unleash the Power of Crypto Spending

The Coinbase Card is a Visa debit card that allows you to spend your cryptocurrency and traditional currencies from your Coinbase balance at millions of merchants online and offline worldwide. You can also use Coinbase crypto card at ATMs to withdraw money. Users in the United States can also earn crypto rewards when spending with Coinbase Card.

How to Get Coinbase Card

To get a Coinbase Card, you need to:

• If you don’t already have a Coinbase account, create one. You can do this by visiting the Coinbase website or app and providing some basic information, such as your name, email address, and date of birth.
• Verify your identity. This can be done by uploading a government-issued ID and a selfie.
• Link a bank account or payment method to your Coinbase account.
• Order your Coinbase Card

To order your Coinbase Card, access the Coinbase mobile app and navigate to either the home screen or the “Earn more” section in the main menu to find the option for Coinbase Card. Click on the “Order Card” button and accept the new terms. Once done, you’ll gain access to your new virtual card, and the physical card will be shipped to your address.

How the Coinbase Card Works

To use the Coinbase Card, start by topping up your card with cryptocurrency. You’ll have the option to choose the specific cryptocurrency you want to use for the top-up and the desired amount. Once your card is topped up, you can use it for purchases at any merchant that accepts Visa. Coinbase will automatically convert the cryptocurrency you’ve loaded onto your card into fiat currency.

You can also pay with a contactless payment method (NFC), withdraw money from any ATM, and integrate it with Apple Pay and Google Pay. As a US user, you have the opportunity to earn Coinbase card rewards in the form of cryptocurrency for each purchase made using your Coinbase Card. You can only use the card to spend cryptocurrency that you have previously purchased on Coinbase. The card, however, does not facilitate direct purchases of cryptocurrency itself.

With the Coinbase app, you are able to track of your transactions and receive notifications. Additionally, you have the option to download a CSV file of your transaction history.

Get Coinbase card

Coinbase Card Rewards

For US cardholders, Coinbase card gives you up crypto rewards on every eligible purchase. The card once provided up to 4% in crypto rewards, but its reward percentage has been gradually decreasing over time. It currenntly offers less than 1% in rewards. You can spend US dollars as well as crypto, while earning crypto rewards. The more you use your Coinbase Card, the more rewards you earn. Coinbase will automatically convert all cryptocurrency rewards to US Dollars for use in purchases and ATM withdrawals. The rewards are paid out monthly.

The specific categories and rates for rewards have evolved over time. They previously offered rewards on a wider range of transactions, including bill payments such as rent and credit card bills, but this feature has been discontinued.

Coinbase Card Supported Countries and Currencies

Coinbase card is currently available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the UK and the US (except Hawaii).

The Visa debit card supports multiple cryptocurrencies. You can spend from your bitcoin and other cryptocurrency balance. Your crypto will be automatically converted into fiat currency.

Coinbase Card Fees

The Coinbase card has favorable fees for its prepaid card and the fees you pay depends on how you use the card, such as ATM withdrawals. On the bright side, there are no account opening or annual fees and spending with the Coinbase Card generally does not incur transaction fees.

Expect the following fees:

Coinbase Card Limits

The Coinbase card is subject to transaction and ATM limits. Purchases made via the Coinbase card are subject to a daily limit of €/£/10, 000, a monthly purchasing limit of €/£/20, 000, and a yearly purchasing limit of €/£/100, 000. However, these Coinbase debit card limits can change. You can contact Coinbase support directly for a limit increase. ATM withdrawals have a daily limit of €/£/$500.

Coinbase Customer Support

Coinbase has a reliable customer support readily available to offer any support needed by their clients. You can reach the support team through phone. For the USA/International clients the phone number is +1 (888) 908-7930 available 24/7, UK +44 808 168 4635 available daily from 8:00 AM – 6:00 PM, and Ireland customers 1800 200 355 available 8:00AM – 6:00PM daily.

Email support ([email protected]) is also available, but you will first need to complete a request for email support. Coinbase has a help center where you can get most answers to questions that concern the Coinbase card. Additionally, you can use their mobile app (messaging center) to contact the support team.

Is the Coinbase Card Safe?

Yes. Coinbase has extensive security to ensure safety of your data and digital assets. It also has two-step verification, and you can instantly freeze your account if your card is compromised. Additionally, Coinbase is publicly traded on the NASDAQ, so they disclose information publicly in SEC filings and most client funds are held in a cryptocurrency hardware bitcoin wallets making it impossible to access them through the internet. Coinbase also uses bank-level AES-256 encryption on their servers to store client passwords and OAuth tokens.

Is Coinbase Card Worth It?

Considering whether the Coinbase Card is worth your while? It certainly offers several compelling advantages. Firstly, signing up is a breeze, with no fees involved, including no annual fees, transaction fees, or minimum deposit amount required. Additionally, getting the Coinbase card doesn’t entail a credit check. The card operates on the Visa network, which means it’s widely accepted wherever Visa debit cards are taken, even enabling contactless payments through NFC technology.

Another perk is its compatibility with popular digital wallets like Apple Pay and Google Pay. Furthermore, for those in the US, there are Coinbase crypto rewards available for purchases, offering additional incentives for card usage. Moreover, Coinbase automatically converts all cryptocurrency to USD, GBP, or Euro, streamlining the process for purchases and ATM withdrawals.

However, it’s crucial to understand that while you can use crypto for purchases, you can’t use it to buy cryptocurrency on Coinbase. Moreover, the card lacks competitive rewards compared to some traditional cash-back cards. It is important to note that the card is not available in all countries and that there are some fees associated with using the card.

If you’re already invested in cryptocurrency and actively use it for spending, the card could be a convenient way to earn additional rewards. However, if you’re primarily interested in traditional cash-back rewards or are new to cryptocurrency, other options might be more suitable.

Coinbase Card Alternatives

The Coinbase crypto card is ideal for crypto traders who want instant access to their cryptocurrencies and traditional currencies, and also for those who want to earn rewards on purchases. If its offerings do not align with your needs, you can check out the following alternatives:

• Crypto.com
• Wirex Card
• Cryptopay Card
• Crypterium Card
• Paycent Cards (we don’t recommend Paycent)

You can also go for crypto-friendly bank accounts if you want additional services that are not possible with Coinbase card.

• Revolut is more advanced and also comes with a multi-currency account, including your own bank account numbers. The Crypto feature is mostly for investing though and is less advanced.