Crypto

What is the Coinbase Card?

The Coinbase Card is a physical card you can order from Coinbase.

The Coinbase Card is a physical card you can order from Coinbase UK. With it you can use ATMs and make payments anywhere Visa cards are accepted.

Which currencies does the Coinbase Card support?

You can spend the cryptocurrencies loaded on your Coinbase account’s wallet.

Fiat currencies and cryptocurrencies Coinbase supports

  • Supported fiat currencies: USD, EUR, GBP
  • Supported cryptocurrencies: Approximately 17 cryptocurrencies

How can I fund my Coinbase Card?

You can deposit funds onto your Coinbase account. Coinbase accepts the following payment methods:

  • Credit card
  • Debit card
  • PayPal

Coinbase Card fees and limits

The first fee is the plastic card issuance fee of £4.95. You’ll need to have enough funds in your Coinbase account to cover that cost before you can order the card.

After that, you’ll encounter the following fees when using your card for purchases or for withdrawing cash at an ATM.

Coinbase Card fees for purchases

Your fee for purchases with crypto will be made up of the cryptocurrency conversion fee, plus the relevant transaction fee for the location.

So if you make a purchase with your card outside of Europe or the UK, you’ll be charged a 5.49% fee. If you make a purchase inside the UK you’ll be charged only the 2.49% conversion fee.

Fee typeWhen it appliesFee
Cryptocurrency conversion feeWhen you spend the cryptocurrency in your account and have it converted to fiat2.49%
Domestic purchase transaction feeWhen you make a purchase with the card inside the UKNone
Intra-EEA purchase transaction feeWhen you make a purchase with the card in a European Economic Area (EEA) country0.20%
International purchase transaction feeWhen you make a purchase with the card outside the UK or the EEA3%
Chargeback feeWhen a chargeback is processed for your card£20

Coinbase Card ATM fees

The ATM fees listed here apply to both ATM withdrawals and over-the-counter cash withdrawals from bank branches. Your conversion fees will apply on top of the relevant ATM fees.

Fee typeHow much it is
Cryptocurrency conversion fee2.49%
Domestic ATM feesNone up to £200 per month, 1% for amounts beyond that
International ATM feesNone up to £200 (or equivalent) per month, 2% for amounts beyond that

Coinbase Card limits

The table below shows the default limits. Note that you can change the daily spending limit by contacting Coinbase Card support.

Limit typeLimit
Daily spending limit£10,000
Monthly purchase limit£20,000
Yearly purchase limit£50,000

Conclusion

Pros

  • Link the card to your Coinbase account and activate it, then you’re good to go.
  • Widely accepted. The card is accepted anywhere a standard Visa debit card is.
  • Almost just like a standard debit card. It’s just like a standard debit card, except for crypto. You can even tap and go with it.

Cons

  • High fees.

If you’d liked this article but you wish to learn more, try reading this article on How to create a coinbase wallet.

Or, if you’d like some free money – check out this – How to Claim free 50 Stellar Lumens.

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