Review on CoinsBank USD by Temitope Babatunde
Coinsbank Card One Of The Most Costly Card In The Industry
Coinsbank is owned and is being manage by CB exchange LP based in Scotland United Kingdom. It was established in 2016 as a cryptocurrencies bank and has support for Bitcoin and Litecoin as well as some fiat currencies.
It was registered under International Financial Services Commission (IFSC) of Belize and also FinCen MSB also in Belize, with the approval of this two financial bodies one can be convinced that it has legal backing.
The card issuance fee is 99.95 dollars, ATM usage is 4.95 dollars and if use to shop at any store the fee is 9.99 percent and there is 0.95 cents monthly maintenance fee. Minimum deposit in terms of bitcoin is 0.0001, which is very good. The card is Visa card and can be use anywhere that visa services is available.
There are security measures put in place so that the users can enjoy using the card with less hassle. The customer support service too is said to be among the best in the industry.
However there is announcement on there website that the issuance of new card is not available for now.
Pros
- The minimum deposit is small so that it can be available to many users.
- The customer care service works wonderfully well.
- Coinsbank is registered with some financial bodies which gave its services legal backing.
- US citizens may use it.
- It has support for Bitcoin and Litecoin.
Cons
- The issuance cost is too much, 7 times higher than that of its competitors.
- As the time of writing this review the card is unavailable for issuance.
