There is a 2.49% conversion fee listed in the user agreement, specified for transactions from cryptos other than USD Coin. Cardholders can utilize any supported crypto on Coinbase and US dollars on purchases with the card, including withdrawals at ATMs.Ĭoinbase has stated that they've removed transaction fees, making this a potentially fee-less process.
While not top in the industry for the number of cryptos that work with their card, Coinbase offers a broader selection than many competitors. One of the challenges with crypto debit cards is the stark contrast between how many cryptocurrencies exist and how many are compatible with these cards. Coinbase also offers up to 4% cashback on purchases with this Visa. Not only is the card protected by the company's transaction security, but users can freeze their physical card from anywhere using the companion app. The company's background and experience have also lent a great deal of security to its card. The Coinbase Visa benefits from the company's experience creating and running a high-level financial exchange in a relatively new and competitive industry. Here are our picks for the five best crypto debit cards:Ĭoinbase is one of the more prominent names in crypto, with it being one of the largest exchanges and the first to claim a spot on the New York stock exchange. These cards vary in terms, perks, fees, and other features, so we did all the research for you. Residents of the US need to be aware that most conversions and sales of cryptocurrencies are currently considered taxable events.ĭespite their relative newness, there are already numerous crypto debit cards to consider. For instance, selling crypto, even to use as a currency with a debit card, may trigger a taxable event. Yet, with crypto regulation being something of a grey area, there are some obstacles to keep in mind. With a crypto debit card, you can spend your cryptocurrencies on everyday goods and services. The big difference is that instead of this card linking to your bank account, it connects to one of your crypto wallets. Like regular debit cards, these allow you to spend money from an account by swiping your card (or entering the numbers from it). CloseĬryptocurrencies continue to grow into mainstream adoption, and one of the ways this manifests is via crypto debit cards. If you see inaccuracies in our content, please report the mistake via this form. If we have made an error or published misleading information, we will correct or clarify the article. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. ZDNet's editorial team writes on behalf of you, our reader.
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