Review on Coinbase Card by Praise Olagbadun
Quality Services At A Cost
The Coinbase card is a Visa debit card that is connected to your Coinbase account and allows users to spend crypocurrencies easily, quickly and anywhere around the world. It is a company that is founded by one of the most popular exchange platform in the world, Coinbase (as is obviously seen in the relativity of their names) and started operations in April 2019.
I got the mobile application of the crypto debit card on my mobile devices and was given my virtual card immediately and was promised to be given my plastic card within a short period of 5 to7 working days (it's really fast as some debit cards makes their own delivery within 2 weeks). I was also notified of the fact that getting the plastic card would cost me £4.95 (known as the issuance fee). The platform also charges an exchange fee of 2.49% and extra charges for transactions made outside the country. I really find this charges high especially when compared to other available debit cards. But to be sincere, their services are worth their charges. The Coinbase debit card offers it's high quality services to people in more than 28 countries around the world with popular countries like the United Kingdom, Portugal, Spain, Italy, France and Germany inclusive and boasts of about 10 million users in these countries. The Coinbase platform has additionally promised to extend it's debit card to users in the United States in the year 2021.
The Coinbase debit card offers these quality services in addition to security as they store most of their users funds offline and makes use of the top-of-the-line bank encryption services on their servers to ensure adequate security of their funds. It is also known to support more than 30 crypocurrencies with the well-known Bitcoin inclusive.
The Coinbase card is a nice one but if you would love to go for a cheap debit card, then it shouldn't be amongst your options.
Pros
- It has it's debit card available in more then 30 European countries
- The company is working on improvements as it has promised to make it's debit card available in the United States in the year 2021
- Users funds are safely kept in a cold storage, beyond the prying eyes of hackers
- The Coinbase card has never been hacked ever since it's existence, leaving it a well trusted card
- Offers it's services in a large number of crypocurrencies
Cons
- It's charges are a bit high, not minding the fact that it's services are of high quality
- The site is slow sometimes due to high number of users
- In mobile devices, pins are not required to access the application
