Coinbase is one of the popular and most talked about exchange in US. And it has managed to stay compliant with the SEC and the govt regulations for years. They have decided to stay pure centralized exchange in the market.
Now this exchange has also partnered with the companies like Visa for offering their debit and credit card. And the best part is it works for both FIAT and the crypto loaded into the card. You can see that it has support for all the internal wallet coins supported in the wallet.
So you basically top up the card and use it in places as you please. And the Visa would worry about the conversion as you spend. You don't have to worry about forex, token and other things. All of that part is taken care of for you.
Here are some of the things that you should know about Coinbase Card.
Image Credit:Coinbase
This card is powered by the Visa, so it is accepted everywhere on the web and the real life shops where Visa is accepted. So the POS bills that require the Visa for processing can definitely make use of the coinbase as a card and forex and all the backend detailing is left on the Visa.
You can also earn the crypto rewards in the XLM for using this card across any place where the VISA is accepted. Which is a bonus that you can get with this card. There is no limit specific for the rewads and what you are capped in there is no such ceiling.
Card is currently limited to some of the nations like US, UK, Canada and some of the countries selected in Europe. Most of the africa, asia and other nations are not yet much lead on this.As there are some crypto rules that limit this card from being processed.
Another thing is that you may find such card may allow dealing on some exchanges too. However using this in the nations terminals where Visa may be accepted but the international trade rules may limit the usage of the coinbase card. Daily 10k, monthly 20k and yearly 100k seems to be the limit for this card.
After approval you can get access to the virtual card instantly. However the physical card takes few weeks to come to your door. I feel phsyical cards these days don't matter much in places or in times where there is a lot of digital cash that is going on.
Virtual cards are better they can be instantly used and also you can lock the app so that you don't find them being misused as well. So I feel like such cards can be a good option for you. This is a good option for those who want to make use of their cards by regularly toppping up through crypto.
When it is good to use this card? You can keep low balance in the coinbase and regularly send the funds through decentralized wallet. And then use that balance for the card. Instead of keeping serious large amount in the coinbase wallet.
A lot of creators are now living the lifestyle through crypto. And coinbase wallet can be regularly topped up and then used like normal card. So it's reasonable to say that this debit card from coinbase is worth keeping for those who can.
