In the Coinbase Visa Card Review 2022, you will find information about a new crypto-backed card that allows you to spend your crypto holdings in the same way you would use a regular debit or credit card. In other words, it essentially allows you to use your cryptocurrencies as cash. The card is currently available in the US, UK, and European Union.
Coinbase claims that their card is “the world’s first cryptocurrency card” and it is backed by Visa. The card is linked to your Coinbase account and utilizes the funds you have stored there. You can use the card anywhere that accepts Visa, online or offline.
There are no foreign transaction fees, and transactions are instant. So, let’s take a closer look at the Coinbase Visa Card Review 2022 and see if it is worth using this card.
One of the most important things to consider when signing up for any type of financial service is the fees. After all, you don’t want to be paying more in fees than you have to. So, let’s take a look at the fees associated with the Coinbase Visa Card.
There is no annual fee for the card itself. However, there are fees associated with each transaction. There is a 3% fee for every purchase made in a foreign currency. There is also a 1% fee for every purchase made with crypto.
Coinbase also charges a $2 ATM withdrawal fee if you use an ATM outside of the US. You can avoid this fee by using one of their supported ATMs in the US (of which there are over 55,000). Overall, these fees are relatively low when compared to other financial services out there.
Is The Coinbase Visa Card Worth It?
Now that we’ve taken a look at the fees associated with the Coinbase Visa Card, let’s answer the question: Is it worth it?
If you frequently find yourself using cryptocurrency and would like an easy way to spend it without having to convert it to cash first, then yes, the Coinbase Visa Card is definitely worth considering. The ability to use your crypto like cash is extremely convenient and comes with very reasonable fees—especially if you stick to using ATMs within the US.
Conclusion of Coinbase Visa Card Review 2022
All things considered, the Coinbase Visa Card is definitely worth considering if you frequently find yourself using cryptocurrency and would like an easy way to spend it without having to convert it to cash first. While there are some fees associated with using the card, they are relatively low when compared to other financial services out there—especially if you stick to using ATMs within the US.