The Coinbase Menu*
takes out the complexity of buying crypto and makes accumulating the popular currency simple and less risky overall. In fact, y’all never fifty-fifty take to buy any crypto and only accumulate the rewards. Those looking to dip their toe into the crypto waters merely are not quite ready to commit to outright buying the volatile coins will find the Coinbase Menu*
an piece of cake entry indicate. While the greenbacks-back offerings aren’t the best on the market, if you have been waiting to get into cryptocurrencies, this card could be your reply.

Coinbase Card

Coinbase Card


Pros

  • $0 almanac fee
  • Earn crypto back on every buy
  • Used everywhere Visa is accepted
  • Debit carte—no credit check required
  • No ATM fees


Cons

  • Monthly spending limits which puts a cap on rewards earnings
  • No bonus categories for spending
  • Must have a Coinbase account to qualify

Highlights

  • Earn crypto rewards with every purchase
  • No transaction fees
  • $0 annual fee



Introduction

When cryptocurrencies were outset introduced the world was intrigued simply the barriers to entry made information technology more complicated than many were willing to deal with. All the same, as these currencies accept evolved digital coins are more than user-friendly than ever before. In fact, earning crypto today is as easy as simply using your debit card.

The Coinbase Card*
is a debit card issued by Metabank and runs on the Coinbase platform. It allows y’all to spend any cryptocurrencies or U.S. dollars you ain anywhere Visa cards are accepted. To spend your cryptocurrency, Coinbase volition automatically convert all your cryptocurrency to U.Southward. dollars when making a buy.

The bill of fare touts fee-free transactions for crypto spending, no almanac fee and a simple rewards-earning structure. Spending limits on the card vary from user to user. You can bank check your monthly spending allotment by logging into the Coinbase App and viewing your account.

Since the Coinbase Carte*
is a debit card, information technology can be used at ATMs worldwide, even for cashing out your cryptocurrencies. Like to using the menu for everyday purchases, Coinbase will convert your cryptocurrency to U.S. dollars for ATM withdrawals. ATM withdrawals are limited to $i,000 per day.

Compare Coinbase Carte With Other Cards


At a Glance

  • Earn rewards with every purchase in select cryptocurrencies
  • Conveniently spend crypto or U.Southward. dollars anywhere Visa cards are accustomed
  • Cardholders can earn new assets and diversify their holdings with a rotating rewards construction
  • Easy funding through the Coinbase platform
  • Store your crypto rewards to your wallet, merchandise for other cryptocurrencies and more


Coinbase Rewards

The most appealing benefit of the Coinbase debit bill of fare is its cash-back rewards. Cardholders earn crypto rewards on all purchases.

While in that location isn’t a cap on how much you can earn in rewards, you will exist limited by your monthly spending allotment.

Earning Rewards

Cash-back rewards come in the form of cryptocurrency. As soon equally you lot use your Coinbase Menu*, your rewards will register and should be available inside 24 hours, although sometimes it can take longer.

Coinbase currently lets cardholders select from v cryptocurrencies, each of which earns a specific percentage dorsum. Here are some examples of rates we have seen offered:

  • UsD. Coin: i% back
  • Dai: 1%
  • Ethereum: 1%
  • Bitcoin: 1.five%
  • Amp: 2%

The Coinbase Card*’s rewards and earning rates are on a rotating schedule. Each month there will be new options, while the other options will elapse. You will receive a detect prior to your electric current pick expiring and given the chance to cull a new reward to earn. If you don’t cull a advantage by the fourth dimension your current advantage choice expires, Coinbase will choose one for yous, however, you can change your reward from the Coinbase App at any time. Cheque your Coinbase app for the latest rewards available.

Redeeming Rewards

When y’all earn crypto rewards through the Coinbase Card*, y’all’ll have several options on how to redeem them.

  • Transfer to your crypto wallet: When yous collect cryptocurrency, you’ll demand a safe and secure identify to store information technology. A crypto wallet is the best identify for storing your cyber coins. Coinbase itself can concord your crypto rewards yous earn from the Coinbase Menu*
    in its free wallet service. You also tin opt to identify your coins in a tertiary-party wallet.
  • Trade for other cryptocurrencies: Coinbase has an extensive list of cryptocurrencies available to convert to on its platform. When you earn crypto rewards via its cashback card choice, you can trade your money for any of Coinbase’s options. Note that trading your crypto from ane coin to another may incur fees.
  • Stake your rewards: A unique feature of cryptocurrency is the power to “pale” information technology. Coinbase Card*
    members tin can pale their coins (like Ethereum) with Coinbase and earn staking rewards.

Rewards Potential

In society to determine the rewards potential of the Coinbase Card*, we calculated what the average American household might spend and, therefore, what a cardholder could earn. Forbes Advisor uses data from multiple government agencies to make up one’s mind both the baseline income and the spending averages beyond various categories. The 70th percentile of wage earners take habitation $107,908 each twelvemonth—we judge spending from that number.

Forbes Counselor estimates that the instance household has $32,072 in expenses that tin can be reasonably charged to a credit or debit carte. The Coinbase carte du jour’s cash-back rates vary depending on which advantage you choose—rates tin exist as low as 1% and up to 4%. We volition go with a 2% rate for the purpose of this breakdown.

At 2% greenbacks dorsum for each purchase, the Coinbase Card*
would earn around $641 back per year. Notwithstanding, depending on the type of crypto rewards you cull every bit your earning, this number will fluctuate drastically.


Other Coinbase Bill of fare Benefits

  • Contactless Payment: Utilize your card to pay with mobile payment options similar Apple Pay or Google Pay. Coinbase Card*
    currently does not support Apple Cash.


Fine Print

Interest Rates

  • Regular April:
    North/A
  • Purchase Intro APR:
    N/A
  • Balance Transfer Intro APR:
    N/A

Fees

  • Annual Fee:
    $0
  • Balance Transfer Fee:
    N/A


How the Coinbase Carte du jour Stacks Upwardly

Coinbase Card*
vs. Crypto.com Visa Card*

Crypto cards haven’t been on the market for long, merely despite their relative newness, several options have already popped up. The Crypto.com Visa Card*
is another crypto debit card that earns rewards on purchases. But, the similarities terminate there.

Crypto.com’southward Visa card is really a series of debit cards, each with its own earning construction and unique benefits. When comparison directly to the Coinbase Card*, the Regal Indigo/Jade Blue makes the most sense. It earns ii% back in crypto rewards, withal, yous’ll only earn cash dorsum when you stake at to the lowest degree $4,000 worth of crypto with Crypto.com. Even worse, yous are limited to earning only $50 dorsum each month.

Where the Crypto.com Visa has a leg upwards on the Coinbase Menu*
is in its perks and benefits. Each month yous’ll become a reimbursement on subscription services from Spotify (up to $13.99) and Netflix (upwards to $xiii.99). If you utilize these services, you lot tin can salve just under $28.00 a calendar month. Compared with the lack of perks of the Coinbase Menu*, these credits seem downright generous. Remember, though, that the monthly earning rate is incredibly depression plus yous have to tie up $4,000 to fifty-fifty earn any rewards, ultimately making the monthly credits significantly less bonny.

Coinbase Card*
vs.

The is one of the first, and only, crypto rewards credit cards on the market place. Cardholders earn cryptocurrency rewards in real time. Its cash-back structure consists of in whatsoever cryptocurrency that tin can be traded on Gemini’s platform.

Whether the beats out the Coinbase Card*
will depend on your spending habits. If you spend a chunk of your money on dining, the 3% back could give you a better payout. Additionally, the uncapped 2% back on groceries can lead to more savings than what you lot would earn with the Coinbase Bill of fare*.

All of these factors will ultimately depend on your set spending limits (remember that your monthly spend is capped with the Coinbase Carte du jour*).

Coinbase Menu*
vs. BlockFi Rewards Visa® Signature Carte du jour*

The BlockFi Rewards Visa® Signature Card*
is some other i of the earliest crypto rewards credit cards on the scene. This card does non offering a welcome bonus. Cardholders earn 0.25% back in crypto on all eligible trades, 1.5% back in crypto for every purchase and the power to earn ii% dorsum in crypto later on $30,000 of annual spend.

At offset glance, a 1.5% earning rate on rewards doesn’t seem like much compared to the 2% for the Coinbase Card*. However, the BlockFi Rewards Visa does non cap its rewards. You lot tin can spend as much as your wallet (and credit limit) allows for, and you lot’ll still earn one.5% back. With the Coinbase Menu*, you lot’re capped at your monthly spend limit.

If you have big bills and lots of spend, the BlockFi card could be a meliorate option than the Coinbase Carte du jour*.


Is the Coinbase Card for You?

If you have been wanting to test out crypto but have reservations well-nigh really spending your fiat currency, the Coinbase Carte*
could be the entry bespeak you lot need. With this card, buying crypto is not required to earn crypto rewards and there is no staking requirement. Yous won’t see rewards rates like you would with more than traditional greenbacks-dorsum cards, but with the volatile nature of cryptocurrencies, you could also end up with a much better return.