Swiping into the Future
Coinbase is the simplest platform for buying and selling cryptocurrencies. However, moving Bitcoins from your Coinbase wallet to your current account isn’t instantaneous and incurs fees you don’t want to pay. Why not simply do away with this operation and pay in cryptos, free of charge and at the best rate?
The Coinbase crypto bank card is directly linked to your Bitcoin, Ether or other wallet, enabling you to pay anywhere in the world with your cryptocurrencies. Payments are tracked in the mobile application and benefit from the real Coinbase exchange rate in a totally secure way.
TLDR
- Buy, sell and pay for cryptocurrencies from the wallet of your choice in a single place
- Instantly pay and send money to your contacts at the best Coinbase exchange rate
- Traceability and history and receipts of all financial transactions in the app and in the online account
- Enhanced security with dual authentication making it impossible to breach an account and a Wallet.
Coinbase Review: 4.5/5
This review about Coinbase reflects our experience and tests. It is limited to this section for general information purposes only and does not constitute financial advice. The rest of this page is informative and objective (except Customers Reviews about Coinbase at the bottom of the page).
Coinbase Review
With over $540 million in funding, supporting 102 countries and serving over 30 million customers, Coinbase is one of the largest cryptocurrency companies. Founded in 2012, Coinbase is a regulated and licensed Bitcoin exchange platform. In this review, we focus on its most popular service, Coinbase.com.
Coinbase.com allows you to buy and sell Bitcoin and over 20 other cryptocurrencies. Our team has found the buying process to be one of the easiest and fastest around. Several payment methods are accepted, such as bank transfer, debit card and credit card. The fee structure includes a premium of 0.5% on the market price and a transaction fee proportional to the amount exchanged. Compared to other alternatives, fees are competitive.
All digital currencies held online by Coinbase are insured. However, this does not cover losses resulting from hacking of individual accounts. For US residents, the USD wallet is FDIC-covered up to $250,000, a benefit rarely offered elsewhere.
It's worth noting that Coinbase is a custodial service: you have no direct access to the funds or the private keys that control them. In some extreme cases, Coinbase has frozen accounts without notice. What's more, customer support is notoriously slow and inefficient, with an F rating from the Better Business Bureau.
In conclusion, Coinbase is simple and easy to use. However, you don't control your tokens, your transactions are monitored and support is insufficient. We give it 4.5 out of 5 stars for Bitcoin purchases and its simplicity for novice investors.
Benefits
- The easiest platform to learn
- 30 million users
- The largest number of cryptocurrencies available
Disadvantages
- High fees excluding Coinbase Pro
Coinbase card features and benefits
- Visa Classic credit card
- The easiest way to spend crypto worldwide
- Instant transactions and payments
- Track your spending with the Coinbase mobile app
- Easy selection of cryptocurrency before paying in-store or online
- Enhanced security to protect your cryptos, notably with the dual authentication system
Limits:
- ATM withdrawal limit: €500/day
- Payment limits: €10,000 /day, €20,000 /month and €100,000 /year
Insurance and assistance
- No insurance available
- Customer support in English.
Coinbase card price
The Coinbase card is free.
Associated costs
Fees are currently unknown. Click here for the latest information on fees.
Open a Coinbase account
Terms and conditions
Persons wishing to open a Coinbase account must meet the following conditions:
- 18 years old
Account opening procedure
- Click on “Get Started”
- Download the application and follow the steps
Frequently Asked Questions
The Coinbase card is issued by Paysafe Financial Services Limited. Paysafe Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 FRN: 900015 to issue electronic money and payment instruments.
Yes, access to the online account and mobile application is via a double authentication system. This system involves first entering the password and then entering a second code received by SMS. The wallet owner is also notified by email that access to his or her account has been gained. To date, this is the most secure connection process available.
Coinbase is the most intuitive platform for buying and selling cryptocurrencies. However, Coinbase levies significant fees on transactions. Coinbase account holders are therefore well advised to use their bank card to avoid withdrawal fees.
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