Review on CoinsBank USD by Olugbenga Ajayi
The fees charged on the Coinsbank card can prevent its wider adoption
Coinsbank crypto card is a card that offers users many flexibilities. Users can set limit on there daily or monthly usage. They can also choose to link or unlink it or even prioritize individual account to the card as you like and when you like. It offers users cashback for the money spent with the card. Imagine getting reward for spending your own money.
It accepts many funding methods including debit card, credit card, PayPal, bank wire etc. This card can be used any where Visa card is accepted. This is a plus for them
The company that founded the card also founded a wallet that is linked to the card. This wallet is known as coinbank wallet.This will guarantee easy conversion of asset. The card supports Bitcoin, Litecoin and two other coins. It also support some flat Currencies like EUR, USD, CHF and a few more.
However, the company charge exhorbitant fee that definitely makes users uncomfortable. The issuance and withdrawal fee is far above industry standard. There is also a limit set on the amount that can be withdrawn daily. While this is common with other cryptocurrency cards, it may likely make users to use other cards.
The card can be ordered from the website and will be delivered promptly. It can be either in a virtual form or plastic form whichever is preferred by the user will providing easy online purchase with both flat and cryptocurrency assets.
Whoever wish to order the card should consider some of these factors before making decision.
Pros
- The card supports both flat and cryptocurrencies
- It offers cashback on spending with the carf
- It supports many funding methods. This is really a good news for those doing online businesses
Cons
- There is a limit set on the amount that can be withdrawn daily. This can have negative effect on the adoption of the card.
- The fees charged are exorbitant and far above industry standard
- Setting up the card on delivery can take 2 days or more. For instance,l sometimes getting the default PIN to unlock the card can delay.
