Imagine being able to spend the money you have in your cryptocurrency wallets without intermediaries, without complicated transactions and without being limited by the few options of establishments that accept cryptocurrencies. The Coinbase card is a Visa debit card that works with the user’s cryptocurrency balance in the Coinbase account as support for the purchase transaction.
Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrencies. According to the company, the Coinbase Visa card is ” the easiest and fastest way to spend your cryptocurrencies worldwide “, and they are largely right, since it allows you to pay traditionally in any online or physical store that accepts Visa throughout the world. length of the planet.
How Coinbase Visa Works
Within Europe, this debit card is available in a wide variety of countries such as Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein , Lithuania, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain , Sweden and the United Kingdom. It is also issued in the United States.
The Coinbase Card allows you to spend funds from eight of your available Coinbase cryptocurrency wallets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Basic Attention Token (BAT), Augur (REP ), 0x (ZRX), and Stellar Lumens (XLM).
Coinbase Card app
Coinbase is capable of instant currency conversion. This means that, even if the value of the purchase in that cryptocurrency is removed from your cryptocurrency portfolio, in reality the business will charge it in euros or the currency that it accepts at any given time, so we do not have to do anything and the process It’s automatic.
All operations are carried out through the Coinbase Card app , available for iOS and Android, from which we will request the shipment of the plastic to our home, with an estimated arrival time of about 5 to 7 working days. Once it arrives, we will link the debit card with our Coinbase account (for which it will be necessary to be over 18 years of age) and thus link both forms of payment.
The card allows contactless payment via NFC and can also be integrated into other mobile payment gateways such as Google Play and Apple Pay .
Unlike other crypto cards, with Coinbase Visa customers you can instantly spend your cryptocurrencies without having to manually change them into euros or pounds, which will entail a series of fees and commissions depending on each type of operation.
Card limits and conditions
The Coinbase Visa card has quite advantageous conditions within its segment that operates with cryptocurrencies from the wallet. It currently has daily, monthly and yearly limits by default, although you can contact support if you want to change the daily limit.
Currently, the amounts are as follows: 10,000 euros daily limit, 20,000 euros monthly and 100,000 euros annually. The withdrawal limit is 500 euros per day.
Coinbase Visa Card
As for the different commissions and conditions, we summarize them here:
| commissions | Quantity |
|---|---|
| Physical card issuance | €4.95 |
| Domestic cash withdrawals (both ATMs and counter withdrawals) | Up to €200 per month: free / Any amount above €200 per month: 1% of each withdrawal transaction |
| International cash withdrawals (both ATM and counter withdrawals) | Up to 200 euros or equivalent currency: free / Any amount over €200 per month or equivalent currency: 2% of each withdrawal transaction |
| Domestic purchase commission | Free |
| Commission for purchase within the European Economic Area | 0.20% of the value of the transaction at the point of sale |
| Commission for international purchase | 3% of the value of the operation at the point of sale (per transaction) |
| Card Replacement Fee | €4.95 (for each card) |
| Chargeback Processing Fee | €20.00 |
| Cryptocurrency settlement fee | 2.49% of the transaction |