Meet the refreshed Coinbase Card: Extra crypto rewards ¹, no extra transaction fees² | by Coinbase | Apr, 2022

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By Muneeb Imtiaz, Senior Product Supervisor

At Coinbase, we’re reimagining the crypto spending and incomes expertise by constructing merchandise which might be secure, trusted, and easy-to-use. That’s why we’re enhancing Coinbase Card to provide prospects extra flexibility than ever. By means of Coinbase Card’s upcoming rotating rewards construction, prospects will have the ability to earn a greater variety of crypto rewards to diversify their crypto portfolio. We’re additionally eradicating the transaction charge for all crypto spending and permitting prospects to receives a commission into Coinbase with no charges on deposits to allow them to simply fund their card in any currency³. With hundreds of thousands of transactions so far, we plan to take away the waitlist later this spring to permit all US* prospects to enroll in Coinbase Card.

Rotating rewards

Prospects love incomes crypto rewards, and inform us that Coinbase Card encourages them to discover and study extra about completely different cryptocurrencies. Quickly, prospects may have the chance to simply earn new belongings from a rotating record of crypto rewards simply by swiping their card. With the rotating rewards construction, prospects will proceed to earn as much as 4% again on each buy with up-and-coming crypto belongings like The Graph (GRT) or standard belongings comparable to Bitcoin (BTC)⁴. Rewards may have an expiration date. If a buyer doesn’t choose a reward when the subsequent rotation is launched, we’ll routinely give them the reward with the best crypto-back price to allow them to diversify their earnings.

No extra charges

Prospects love the power to conveniently spend crypto. Whereas most prospects spend USDC, they inform us that the crypto spending charges on non-USDC belongings are a barrier to utilizing crypto for on a regular basis purchases. That’s why we’re eradicating the transaction charge for crypto spending on the Coinbase Card, beginning today⁵. By eradicating this charge, prospects now have extra flexibility to spend crypto or money.

Simple funding

As prospects spend extra, we need to make it simpler for them to fund purchases for his or her card. We’re now giving prospects extra choices to simply load up their card, to allow them to get some or all of their paycheck deposited into Coinbase with no charges on direct deposits. Because of this prospects can now obtain their paycheck in fiat or crypto and spend crypto with out charges, shifting extra of their monetary life into the cryptoeconomy.

Limitless rewards

Prospects can proceed to earn limitless crypto rewards and use their Coinbase Card wherever Visa® debit playing cards are accepted. From incomes rewards on morning espresso to month-to-month fitness center memberships, Coinbase Card continues to be a richly rewarding expertise for on a regular basis spending.

With no credit score check⁷ or requirement to stake your belongings to develop into eligible, we’re making it simple to enroll and begin incomes crypto rewards. Be a part of the waitlist for Coinbase Card and we’ll notify you as quickly as you’re subsequent in line.

*Coinbase Card shall be obtainable to all eligible prospects within the US, excluding Hawaii.

¹ Crypto rewards is an non-obligatory Coinbase supply.

²No Coinbase transaction charges however a ramification applies when prospects purchase, promote, or commerce crypto belongings.

³ In case you select to be paid in crypto, Coinbase will routinely convert your paycheck from US {dollars} to crypto with no transaction charges. See phrases.

⁴ Reward choices might differ. Examine your app for essentially the most up to date rewards.

⁵ Whereas this function is free, different charges could also be related to the cardboard. See Cardholder Settlement for particulars.

⁶ Spending limits apply, see phrases.

⁷ Essential data for opening a Card account: To assist the federal authorities combat the funding of terrorism and cash laundering actions, the USA PATRIOT Act requires all monetary establishments and their third events to acquire, confirm, and document data that identifies every one that opens a Card account. What this implies for you: Whenever you open a Card account, we are going to ask on your identify, tackle, date of delivery, and different data that can enable us to determine you. We may additionally ask to see your driver’s license or different figuring out paperwork.

Rewards are for illustrative functions solely, precise reward choices might differ.

The Coinbase Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Coinbase Card is powered by Marqeta. Chances are you’ll use Coinbase Card to make purchases wherever Visa Debit playing cards are accepted.

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