Leading cryptocurrency exchange Coinbase announced today that its U.S. customers can now join the waitlist for the Coinbase Card – a Visa debit card enabling users to spend cryptocurrencies anywhere Visa is accepted, both online and in physical stores.
According to Coinbase, this represents "the easiest and fastest way to spend cryptocurrency globally." The card, already available in Europe, also supports ATM withdrawals in the United States.
How the Coinbase Card Works
While not the first crypto-linked debit card, the Coinbase Card eliminates intermediaries by:
- Drawing funds directly from users' Coinbase accounts (no pre-loading required)
- Supporting 9 cryptocurrencies with automatic conversion to USD during transactions
- Offering fee-free issuance (crypto conversion fees may apply)
👉 Discover how crypto debit cards are revolutionizing payments
Rewards Program Highlights
Exclusive to U.S. customers, the tiered rewards system offers:
- 1% back on Bitcoin (BTC) purchases
- 4% back on Stellar Lumens (XLM) transactions
Rewards vary by cryptocurrency used
Availability and Limitations
- Available to verified Coinbase accounts nationwide
- Currently unavailable to Hawaii residents
- No monthly or annual card fees
FAQ: Coinbase Card Explained
Q: How does this differ from PayPal's crypto services?
A: Unlike PayPal (which converts crypto to fiat during merchant transactions), the Coinbase Card lets users spend directly from their crypto wallets while maintaining custody of their assets.
Q: Which cryptocurrencies are supported?
A: The card currently supports Bitcoin, Ethereum, Litecoin, and 6 other major cryptocurrencies with built-in USD conversion.
Q: Are there transaction limits?
A: Standard Visa debit limits apply, with additional restrictions based on account verification levels and regional regulations.
Market Context
This launch follows PayPal's 2021 crypto integration, signaling growing mainstream acceptance of digital assets for everyday transactions. The Coinbase Card stands out by offering:
- Direct crypto-to-merchant payments
- Enhanced rewards structure
- Seamless integration with existing Coinbase wallets
👉 Compare crypto payment solutions for optimal spending
Note: Conversion rates and rewards percentages may vary based on market conditions and program updates.
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