The new Coinbase debit card allows you to spend crypto anywhere Visa is accepted

On Thursday, April 11, Coinbase announced a new Visa debit card for customers in the UK and the European Union (EU), allowing them to easily spend the cryptographic balances of their Coinbase account to pay for goods. services wherever Visa is accepted or to make cash withdrawals at ATMs.

Appropriately, the new "Coinbase Card" was announced on the same day that the previous attempt by Visa Crypto-Fiat Visa cardholder Coinbase, the "Shift Card", reserved for US customers, is supposed to stop working (since that time). program has now been "withdrawn").

Here's everything you need to know about the Coinbase card:

• The Coinbase card is being launched today for UK customers only, but Coinbase "plans to take over other European countries in the coming months".
• It is apparently the first debit card "to be directly connected to a major cryptocurrency exchange" in the EU.
• To apply for the Coinbase Card, Coinbase customers must download the Coinbase Card application from the iOS App Store or the Android Play Store. (If you live in the UK and do not see these apps in the above mentioned places, use the links on the Coinbase Card website.)
• In the United Kingdom, the Coinbase Card has 'issue costs' of £ 4.95 (which are deleted 'for the first 1,000 people on the waiting list').
• You can use any cryptocurrency supported by Coinbase.com in the jurisdiction in which you live, provided you have a non-zero balance in the wallet of that cryptocurrency of your account Coinbase.com. (An up-to-date list of supported digital resources is available in the Support section of the Coinbase Web site.)
• When you want to use your Coinbase card, pay something or get a cash withdrawal from an ATM, you must use the Coinbase Card application to select the encrypted wallet from your Coinbase.com account to use for this transaction. Coinbase will then automatically convert this cryptocurrency into currency (eg GBP).
• For "domestic" purchases (ie in your country of origin), the "cryptographic clearance fee" is 2.40% of the transaction amount.
• Currently, there is a daily spending limit of GBP 10,000 (but Coinbase may agree to increase this limit for you if you contact card support services). There is also a "monthly purchase limit of £ 20,000 and an annual purchase limit of £ 50,000". Finally, the daily ATM withdrawal limit is GBP 500.

Image featured with the kind permission of Coinbase