Review on Coinbase Card by Muhammed Altın
coinbase card
To try to change this, Coinbase partnered with global payment processor Visa and launched the Coinbase Card, which allows users to "spend crypto as effortlessly as their own bank.
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Visa debit card, with a card issuance fee of £ 4.95 ($ 6.50), can be used to convert cryptocurrency to spend Coinbase bitcoin, ethereum, Ripple's XRP and litecoin balances in "millions of locations worldwide". when using the card for fiat - the seller or the store is paid in traditional fiat currency.
Coinbase users can choose which cryptocurrency to use on the card via a new app that supports all crypto assets that can be traded on the Coinbase platform. The app also offers instant receipts, transaction summaries and expense categories to help people keep track of their expenses.
Currently unfortunately only available for UK citizens, but I hope it will expand soon. I wonder how many new customers this card will bring to the company, Coinbase is really growing. At least, I expect this solution to take a little longer than advcash and others. The card is issued by Paysafe.
There is no BTC logo on the card: D
Anyway I continue;
The only advantage of this card is the possibility to spend almost directly from cryptocurrencies, but unfortunately I see this as an attempt to become a crypto bank only from that crypto bank.
I hope efforts will be developed to resolve solutions without resorting to Visa cards by supporting a card with a mini LN card, which enables individuals to buy, sell and discount crypto balance balance.
Pros
- safe
- good support
- market is known
Cons
- for UK residents only
- The fees are ridiculous
