Review on Coinbase Card by Orlymar Córdova
Coinbase Card, Now you can easily make purchases with your cryptocurrencies!
Despite the boom and massive adoption that cryptocurrencies have had around the world, one of the drawbacks that some users still have regarding their use is the difficulty of making payments with them, which has greatly influenced seeing cryptocurrencies more as a store of value than as a currency for everyday expenses. Given this situation, cryptographic cards have been appearing, which provide the ease of making use of your cryptocurrencies to make payments in many establishments, in a very similar way to how it would be done with conventional debit cards. Coinbase Card is a debit card product of the alliance between Coinbase and Visa that supports payment with Bitcoin, Litecoin, Ethereum, among others.
The Coinbase Card can be granted in two versions: Physical and virtual, the latter can be downloaded and managed in the Coinbase Card application for iOS and Android (where all movements or transactions will be reflected). The Physical card works through contactless, chip and PIN. The use of both cards in businesses generates a series of fees and commissions that are convenient to review and consider before daring to use them.
Pros
- If you have a Coinbase virtual card, you can make payment with your mobile thanks to NFC connectivity.
- The Coinbase Card performs instant currency conversion. For example, when a commercial establishment receives payment for a service or product, it will do so in the legal currency of the place; Coinbase has an automatic service that allows you to make the change to the cryptocurrency instantly, saving you a lot of hassle.
- There are no charges or fees for card maintenance.
Cons
- High commissions are applied for the use of this card in shops or establishments. If at any time you have to reverse a transaction, the transaction fee will be £ 20 ($ 26.19).
