Review on Coinbase Card by Olugbenga Ajayi
Coinbase: An easy way to transact with cryptos
Coinbase card is a Visa like cryptocurrency card that supports ten cryptocurrencies including most major ones like bitcoin, Ethereum, Bitcoin cash, litecoin etc. It was founded by coinbase company to facilitate an easy way to transact with cryptocurrency.
It can easily be used to make purchases online with any of the cryptocurrencies it support. Even though the card base currency is GBP, it easily convertible to any prefered cryptocurrency during transaction.
There are many charges attached to the use of the card and this is somehow poor highlight about them. Almost every thing attracts a fee, from issuance to transaction reversal fee. When payment becomes too many for customers, majority will find their ways out.
Another poor spot is that it sets limits in major operations which discourage users.
In terms of deposit, it supports most major payment methods. So there is ease and convenient deposit method.
By and large, coinbase is a convenient way to carry out cryptocurrency Transaction.
Pros
- It doesn't charge maintenance fee
- The card can easily be frozen via the App
- It offers contactless payment
- It can be connected with Google pay
- Easily sync with coinbase wallet
Cons
- There are too many charges attached to the use of this card including Transaction reversal fee
- It set limit on Transaction like daily spending limit, monthly purchase limit. This may look awkward to a big time business man
- It will imposes high Exchange fee for international Transaction
