Coinbase cryptocurrency exchange has launched crypto debit card that lets you spend cryptocurrencies, including Stellar Lumens with your Coinbase account everywhere Visa debit cards are accepted.
All the spending rewards will be sent as Bitcoin or XLM. If you opt for XLM, you get 4% back, otherwise you get 1% back in bitcoin. Rewards are only available to USA residents.
Supported cryptocurrencies include Bitcoin, Stellar Lumens, Ethereum, Litecoin, Bitcoin Cash, Ripple, Bat, Augur and 0x. Daily spending limit is GBP / EUR 10,000. You can also change your daily spending limit to upto GBP / EUR 20,000 by contacting their support at cardsupport@coinbase.com. There is yearly limit of GBP / EUR 100,000. Daily ATM cash withdrawal limit is GBP / EUR 500.
Since Coinbase card works like a regular debit card, you can also use it to withdraw cash from any ATM. It is also contactless which is important in current pandemic situation.
Coinbase card app is available for both iOS and Android. Register your interest at coinbase.com/card.
Supported countries include Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the UK. USA will be supported next year.
