The Coinbase debit card is a crypto card that allows you to spend any asset in your Coinbase portfolio and earn up to 4% back in Coinbase card rewards for every purchase. The Coinbase debit card is linked to your Coinbase crypto account balance.
Coinbase Card Key Takeaways
- Signing up is free, zero annual fees, zero transaction fees in the UK and no minimum deposit amount.
- You can use the Coinbase card to spend crypto anywhere Visa debit cards are accepted including contactless payments (NFC).
- Coinbase card can be used with Apple Pay and Google Pay.
- Coinbase card rewards for purchases goes up to 4%.
- Coinbase automatically converts all cryptocurrency to USD for use in purchases and ATM withdrawals.
How the Coinbase Card Works
When you sign-up (you must have a verified Coinbase account to apply) and receive your Coinbase debit card, it will already be linked to your Coinbase account balance. You will only need to select the crypto asset you prefer to use as your payment method. After, you have the option to choose your preferred rewards (up to 4%). You can choose between 4% back in Stellar Lumens or 1% back in Bitcoin. You can also switch between the two reward structures whenever you want. Coinbase will disburse your rewards once a transaction is complete (it will take between 1 to 5 days for your rewards to hit your account).
The card also offers a mobile app (for both Android and iOS) with which you can track your card balance and spending directly from the app. You can also use the app to instantly switch between crypto wallets. Additionally, the Coinbase crypto app can send you instant notifications, connect you with the Coinbase support team, and generate smart receipts. Generally, most card settings can be done directly from the Coinbase card app. You can also pay with a contactless payment method (NFC) and withdraw money from any ATM and integrate it with Apple Pay and Google Pay.
Coinbase Card Rewards
Coinbase card gives you up to 4% back in crypto rewards on every eligible purchase. You can spend US dollars as well as crypto, while earning crypto rewards. Coinbase will automatically convert all cryptocurrency to US Dollars for use in purchases and ATM withdrawals.
Crypto holders can choose to earn 1% back in ETH, DOGE, or BTC or 4% back in GRT or XLM. Starting this week, they can also choose to earn 1% back in DAI or 4% back in AMP or RLY.
Coinbase Debit Card Supported Countries
The Coinbase debit card has been available to clients in all countries in the UK, many EU-based countries. The supported countries include Austria, Belgium, Croatia, Cyprus, Denmark, Estonia, France, Finland, Germany, Greece, Hungary, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the United States, and the United Kingdom.
Currently, there’s a Coinbase card waitlist in the US (except Hawaii). The U.S version of the card will come with lower fees, more supported cryptocurrencies, and higher rewards.
Coinbase Card Supported Currencies
The Coinbase wallet supports multiple cryptocurencies. You can spend from the following wallet balances with your Coinbase card: Bitcoin, Ethereum, Bitcoin Cash, Stellar Lumens, Ripple, Dogecoin, Litecoin, Basic Attention Token, Augur, and Ox.
Coinbase Card Fees
The Coinbase card has favorable fees for its services and the fees you pay depends on how you use the card. There is no account opening or annual fees. You can expect the following fees:
|Card issuance||Free except for UK cardholders who pay £4.95|
|Transaction fee within the EU||0.20%|
|Transaction fee within the UK||Free|
|Domestic ATM withdrawals||Free up to ₤/£200 per month and 1% above that|
|International ATM withdrawals||Free up to ₤/£200 per month and 2% above that|
|Minimum deposit amount||None|
|Crypto liquidation fee||2.495 for most cryptos and free for USDC|
|Card replacement||₤/£ 4.95|
Coinbase Debit 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 Card Supported Payment Methods
You can use your Coinbase card to make contactless payments at any store that accepts Visa, provided that the store has a Near-Field Communication (NFC) enabled terminal. You can also withdraw money from any ATM.
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 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 Debit 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 a majority of client funds are held in a cryptocurrency hardware wallet 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.
Coinbase Crypto Debit Card Alternatives
The Coinbase crypto card is ideal for crypto traders who want instant access to their cryptocurrencies 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:
- Wirex Card
- Cryptopay Card
- Crypterium Card
- Club Swan Card
- BlockFi 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.
For more information and to check out all offers be sure to check out our Crypto Banking page.
Final Thoughts on the Coinbase Crypto Card Review
The Coinbase debit card’s multiple reward offers, extensive security features, favorable fees, and the ease of using your crypto account makes it an ideal product for crypto enthusiasts. A big turn off is their 2.49% cryptocurrency liquidation fee applied to all transactions except those using USDC.