Coinbase, Exchanges

Does Coinbase Accept Prepaid Cards?

Prepaid cards are a great way to spend your crypto without having to worry about bank fees or getting approval for a credit card. And Coinbase is one of the most popular exchanges for buying and selling cryptocurrencies. So, does Coinbase accept prepaid cards?

The short answer is yes, Coinbase does accept prepaid cards. You can use a prepaid card to buy cryptocurrencies on Coinbase, and you can also use a prepaid card to withdraw cash from your Coinbase account.

However, there are a few things to keep in mind when using a prepaid card on Coinbase.

First, when you use a prepaid card on Coinbase, you will be charged a 3.99% fee. This is higher than the usual 1.

49% fee that Coinbase charges for credit and debit card transactions. So if you’re looking to save on fees, you may want to consider using a different payment method.

Second, when you use a prepaid card on Coinbase, your transaction will be considered a “cash advance.” This means that you’ll be charged interest on your transaction from the date of the transaction until the date of your next statement.

So if you’re not planning on holding your cryptocurrencies for long, you may want to avoid using a prepaid card.

Finally, it’s important to note that not all prepaid cards are created equal. Some prepaid cards may not work with Coinbase or may have restrictions on how much you can spend.

So be sure to check with your card issuer before trying to use a prepaid card on Coinbase.

Overall, using a prepaid card on Coinbase is a convenient way to buy or sell cryptocurrencies. However, it’s important to keep in mind the fees and potential interest charges associated with this payment method.

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