Coinbase, Exchanges

Is Coinbase Debit Card Worth It?

Coinbase, one of the most popular cryptocurrency exchanges, offers a debit card that allows users to spend their cryptocurrency holdings anywhere Visa is accepted. The Coinbase Card is currently available in the UK, US, and Europe, and can be used anywhere Visa is accepted, online or offline.

Coinbase has no monthly or annual fees, but there is a 3% transaction fee for each purchase made with the card. There is also a 1% “crypto-to-fiat” conversion fee for each transaction.

NOTE: This is a warning note about Coinbase debit cards. While the Coinbase debit card may have some advantages, it is important to be aware of potential risks associated with using it. There are reports of users experiencing technical difficulties when using the card and being charged excessive fees. Additionally, there have been reports of unauthorized transactions being made on the card. Before using a Coinbase debit card, it is important to be aware of these risks and consider whether any potential advantages outweigh them.

So, for example, if you use your Coinbase Card to buy a $100 coffee, you will be charged a $3 transaction fee and a $1 conversion fee, for a total of $4.

The Coinbase Card is a great way to spend your cryptocurrency holdings without having to convert them to fiat currency first. However, the fees can add up if you use it frequently.

Overall, the Coinbase Card is worth it if you want an easy way to spend your cryptocurrency holdings without having to convert them to fiat first.

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