Visa Cryptocurrency

Coinbase Card Review 2021: Features, Fees, Pros and Cons

Coinbase Card Review 2021: Should You Get One?
Written by publishing team


Quick take: The Coinbase Card is a crypto debit card that allows users to redeem up to 4% in rewards for every purchase made. The card has no annual fees or registration fees, which makes it the most attractive option for many cryptocurrency traders. Apart from that, card holders can use the card anywhere Visa debit cards are accepted.

  • Features

  • Outlay

  • protection

  • Customer service

How do we calculate this?


  • Supports many cryptocurrencies
  • Generous Crypto Rewards
  • Easy to use mobile app
  • Contactless Payments
  • strong security
  • The ability to convert a crypto account into a spendable bank account


  • 2.49% Cryptocurrency Liquidation Fee

The cryptocurrency industry has gained a lot of traction in recent years, with cryptocurrency exchanges offering better ways for consumers to get the most out of their favorite coins.

Coinbase is one of the largest cryptocurrency exchanges in the US, offering a wide range of digital assets. They currently offer a debit card that allows users to earn rewards and other perks whenever they spend.

Find out more about what the card has to offer in this Coinbase card review.

What is a Coinbase Debit Card?

Coinbase Debit Card is a Visa card that allows you to redeem up to 4% of rewards every time you make a purchase. This card is similar to any other traditional debit card, but it allows you to make purchases with cryptocurrency instead of cash.

It’s basically a Visa debit card tied to your encrypted Coinbase account balance that you can use anywhere that accepts Visa cards. You don’t have to liquidate your digital assets every time you visit a store – Coinbase does it for you. For each transaction, the card automatically converts the digital assets into US dollars.

When you sign up for a Coinbase debit card, you will have the option to choose your preferred rewards. You can choose between 1% back in Bitcoin or 4% back in Stellar Lumens. However, you can switch between the two bonus structures whenever you find one more attractive than the other. Once you set up your preferred bonus offer, Coinbase can add your rewards to your account after each transaction.

Coinbase Card Features

Take a look at some of the features that the Coinbase Card has to offer.

$0 annual fee

There is no annual fee on the Coinbase debit card, which makes it one of the most preferred crypto debit cards. You can shop at your favorite stores and earn rewards, and you don’t have to pay an annual fee.

Supports many cryptocurrencies

Coinbase wallet supports a wide range of cryptocurrencies, including:

  • Bitcoin
  • Ethereum
  • Excellent lumen
  • Bitcoin Cash
  • ripple
  • Litecoin
  • Dogecoin

Although the Coinbase wallet supports many coins, keep in mind that you can only earn rewards for Bitcoin (BTC) and Stellar Lumens (XLM).

strong security

With a Coinbase debit card, you don’t have to worry about losing your digital assets because Coinbase has comprehensive security to keep your coins safe. In addition, it has a two-step verification process and you can immediately freeze your account if you suspect that it has been hacked.

generous rewards

As mentioned earlier, the Coinbase Card allows you to earn rewards every time you buy from your favorite stores. You can earn up to 4% in crypto-related rewards, including 1% back in Bitcoin and 4% back in XLM.

Coinbase will cash out your rewards once the transaction is complete. It will usually take one to five days for the rewards to reach your account, but the exact times will depend on the merchant.

On top of that, Coinbase gives you the flexibility to choose your preferred reward structure, with the ability to switch between the two whenever you see fit.

Contactless Payments

You can make contactless payments with a Coinbase card at your favorite stores, provided the store has a nearby field connection, also known as NFC, that has a terminal enabled.


When it comes to fees, the Coinbase Card stands out. From no card issuance fee to no annual fee, you are likely to get the most out of it without incurring an annual fee. However, you will still incur some fees depending on how you use the card.

Coinbase will charge you a transaction fee of 2.49% for every purchase, including ATM withdrawals. For example, if you spend $200 of Bitcoin with your Coinbase card, you will incur a fee of 2.49%, which is $4.98.


Coinbase has an easy-to-use mobile app that makes it easy to manage your spending on the go. You can track spending habits, balance, toggle rewards, and change card settings right from your phone.

Another interesting feature about the Coinbase card app is the ability to choose the cryptocurrency you want to spend. You can also turn on app notifications so you don’t miss any important information.

Coinbase Card Advantages

  • Almost no fees: There are no annual Coinbase card fees, registration fees, or card issuance fees.
  • Strong security: With a Coinbase debit card, you can rest assured that your digital assets are safe. Two-step verification, instant card freeze, and other security features will protect your card and digital assets.
  • Generous Rewards: The card offers up to 4% crypto-related rewards, including 4% back in Stellar Lumens and 1% back in Bitcoin.
  • Contactless Payments: You can pay with contactless payment method at your favorite stores and even withdraw money from any ATM.

Disadvantages of Coinbase Card

  • 2.49% Cryptocurrency Liquidation Fee: One significant drawback of the Coinbase card is the high cryptocurrency liquidation fees. You will incur a 2.49% transaction fee for all purchases.

Is it safe?

Coinbase is among the most secure debit cards on the market today. With two-step verification, instant card freezing and other security features, both your coins and your card are safe.

Customer service

You can contact Coinbase customer service via phone, email, and through the mobile app. If you suspect that your account has been hacked, you can contact Coinbase through their automated phone support to disable your account.

For anything other than that – including restoring your account after disabling it – you’ll need to submit an email request. Furthermore, Coinbase has a help center where you can get answers to most of your queries.

Although Coinbase does not have live chat support, you will likely get the help you need with the available customer service options.

Who is the best?

If you are an active cryptocurrency trader, the Coinbase Card might be the crypto debit card you have been looking for. The card is also ideal for those who want to earn rewards on your daily purchases.

Take the final

The Coinbase card is undoubtedly one of the most popular crypto debit cards on the market. There are virtually no card fees, supports multiple cryptocurrencies and offers generous rewards for daily spending, making it the go-to choice for many traders and investors.

Coinbase Card FAQ

Here are answers to some of the most frequently asked questions about the Coinbase Card.

  • Is Coinbase Card Free?
    • The Coinbase Card does not charge any fees, provided you spend on USDC. Other transactions attract a 2.49% liquidation fee or on purchases such as ATM withdrawals when using another form of crypto.
  • How does a Coinbase card work?
    • The Coinbase Card allows you to withdraw your Coinbase account balances from cryptocurrencies to make purchases. For each transaction, the exchange automatically converts the cryptocurrency into US dollars.
  • Can I use my Coinbase card anywhere?
    • The Coinbase card is a Visa card and you can use it anywhere Visa is accepted.

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About the author

Lydia Kipbet has been writing professionally since 2017. Her passion for helping brands with all aspects of content marketing flows through her expert industry coverage – personal finance, investment, and healthcare. Her work has appeared in The Motley Fool, Investor Junkie, Green Market Report, and Medical News Today. When she’s not writing, she’s either reading, playing guitar, or chasing nature. follow her Twitter.


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publishing team