Review on CoinsBank GBP by Benaiah A. Akinlade
The good but expensive CoinsBank GBP
CoinsBank Card is a Cryptocurrency card that supports only two coins, which are Bitcoin $ Litecoin.
The also supports EUR, JPY, RUR, CHF, AUD and USD fiat currencies
The Card’s monthly maintenance fee is $0.95, but the card is issued at $99.95.
There is also an ATM-withdrawal fee of $4.95 for each withdrawal
There is a 1.99% commission placed on spending. If you make a purchase worth $1,000, your crypto assets will reduce with 1.99%
The card is a VISA card, so it is acceptable at any VISA card point of payment.
The card is available for US investors. This is good news because I have seen some crypto cards that accepts USD but not available to US investors.
Pros
- The card can be used to withdraw cash from ATM
- The card is available to US investors
- The card is acceptable anywhere VISA card is acceptable
- The card supports some fiat currencies
Cons
- There are too high charges associated with using the card
- The card is too expensive to acquire
- Two cryptocurrency assets support is too low
