Today i want to share my experience of the COINBASE VISA debit card.
Coinbase offers the cards for users in Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the UK. We’re working on expanding the offer to additional markets.
The fees of this cards are a bit higher compared to other crypto debit card, i expect that they will be lower soon because of the VISA partnership:
Fees:
Plastic Card Issuance Fee : ?4.95 / 4.95 €
Domestic Cash Withdrawal Fee: Up to ?200 / 200 € per month: Free
Any amount over ?200 / 200 € per month: 1.00% of value of ATM withdrawal(per transaction)
International Cash Withdrawal Fee Up to ?200 / 200 € Free
Any amount over ?200 / 200 € or currency equivalent per month: 2.00% of value of ATM withdrawal (per transaction)
Domestic Purchase Transaction Fee Free
Intra-EEA Purchase Transaction Fee 0.20% of value of POS transaction
International Purchase Transaction Fee 3.00% of value of POS transaction
Card Replacement Fee ?4.95 - 4.95 € (per Card issued)
Chargeback Processing Fee ?20.00 / 20,00 €
Crypto Liquidation Fees : 2.49% of transaction
Intra-EEA Purchase Transaction Fee : 0.2% of transact
The Coinbase Card and can be used everywhere VISA is accepted. You can use the card for every online or store purchase.
The cards support contactless payments.
You can use the Coinbase app to setup the currency you want to pay with. If you are already a Coinbase user, it's great because you don't need to create a new wallet or account for your card.
Lets see what the lately announced partnership with VISA will bring. Currently there are no benefits or cashback for users and the fees are (imo) a bit too high. I really like Coinbase because they are very trustworthy so I'm looking forward to potential improvements.
Good Sides
Coinbase is a very trustworthy company.
Cards are compatible with you Coinbase account.
The possibility to setup monthly deposits and crypto purchases on Coinbase with a combination of a debit card is just great!
They announced a direct partnership with VISA, so probably we will see more benefits for card users soon!
First VISA card in the crypto space which work without third party (because of direct partnership with VISA)
Bad Sides
Higher fees than some other crypto debit cards.
It's a plastic card, i don't like these crappy plastic cards.
Currently they don't offer any advantages for card users, like cashback or other benefits which are common for VISA cards
