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Coinbase Card Review (2022)

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Coinbase Card
  • Ease of Use
  • Payment Options
  • Speed
  • Fees


While the Coinbase Card makes spending cryptocurrency quick and easy, it isn’t the cheapest way of spending your cryptocurrency with a debit card in the UK. You’ll be charged an issuance fee of £4.95 (or €4.95), a cryptocurrency exchange fee of 2.49%, and additional transaction fees outside of your home country.

If you’re from the UK, there are cheaper and more popular alternatives out there.

The Coinbase Card is a crypto debit card that’s been available to residents of the United Kingdom, many countries across Europe, and the United States (excluding Hawaii) since around the beginning of 2019.

But how does it work? And how does it compare to alternatives? Is it the best crypto debit card around?

Find out my experience with it in this Coinbase Card review.

Advantages & Disadvantages


  • Makes it quick and easy to spend cryptocurrency anywhere.
  • Connects with supported cryptocurrencies (8) in your Coinbase account.
  • Available in UK, most of Europe, and the United States (excluding Hawaii).


What Is Coinbase Card?

Coinbase Card is a Visa debit card which is connected to your Coinbase account. It allows you to spend some of the cryptocurrencies stored in your Coinbase account.

You don’t need to keep your balance in GBP or EUR for this to work. Coinbase will automatically convert your preferred cryptocurrency on-demand to cover your purchases. 

You can currently buy things in-store and online using Bitcoin (BTC) and 7 other cryptocurrencies you have stored in your online Coinbase account.

Cryptocurrencies that you can spend using the Coinbase Card

You can spend from the following wallet balances (held on Coinbase) with your Coinbase Card:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Basic Attention Token (BAT)
  • Augur (REP)
  • 0x (ZRX)
  • Stellar (XLM)

If you’re from the US, then you can spend funds from ANY of the cryptocurrencies you have in your Coinbase account.

In their own words…”[Coinbase Card] lets customers in the UK spend crypto as effortlessly as the money in their bank”

Here are some other features:

  • Contactless payments.
  • Can be added to Google Pay (but Apple Pay is still not supported).
  • Instant card freeze (through the app).
  • Track your spending (with summaries and receipts).
  • Instantly pushes a notification whenever your card is used.

The US version of the Coinbase Card is similar to the UK and EU versions, but has a few key differences:

  • You can earn 1% cashback in Bitcoin (BTC) or 4% cashback in Stellar Lumens (XLM).
  • No transaction fees if you spend USD Coin (USDC).
  • Lower daily spending limits (just $2500).

Coinbase Card: Getting Started

Want a Coinbase Card? You’ll need to setup a Coinbase account first.

Coinbase supports more and more cryptocurrencies and is one of the cheapest and easiest ways to buy Bitcoin (BTC) in the UK with a bank transfer.

Before you begin, make sure that:

  • You have passed Level 2 verification in your Coinbase account
  • You have at least £5 of cryptocurrency in your Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), or any other cryptocurrencies supported by Coinbase Card (see above for full list).

To get started, head over to the Coinbase Card website and download the app.

Once you’ve installed the app, you’ll have to verify your phone number and connect the app to your Coinbase account before you can order a Coinbase Card.

Once you’ve ordered it, it should be with you in 5-7 business days. When it arrives, you just need to load-up the Coinbase Card app and select ‘Enable physical card!’ at the top.

To change the cryptocurrency converted on-demand when you make a purchase with the Coinbase Card, just click the highlighted symbol in the Coinbase Card app and pick your preferred cryptocurrency wallet.

Tap the card in the Coinbase Card app and you’ll be taken to a settings screen.

As you can see below, you can:

  • Get your PIN code.
  • Show card details (requires fingerprint configuration on phone).
  • Freeze card.
  • Report card lost or stolen.
  • Get help (via phone and email).

I’ve made a few online transactions with my Coinbase Card without any issue.

When you make the purchase, you’ll receive a push notification on your phone and show a summary of the purchase in the Coinbase Card app.

One purchase I made on Amazon didn’t immediately appear, but the others I made did.

Supported Countries

Coinbase Card is available in the following countries:

  • United Kingdom
  • United States
  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden

Coinbase Card Fees

I’ve picked out the most important Coinbase Card fees below.

Fees Amount
Card Issuance Fee £4.95
ATM Withdrawal Fee (Domestic) Free (up to £200/month)
1% (any amount over £200/month)
ATM Withdrawal Fee (International) Free (up to £200/month)
2% (any amount over £200/month)
Transaction Fee (Domestic) Free
Transaction Fee (Inside EU) 0.2%
Transaction Fee (International) 3%
Crypto Liquidation Fee 2.49%

Spending Limits

These are the spending limits I’ve picked out.

Limit Amount
Daily Spending Limit £10,000 / €10,000
Monthly Purchase Limit £20,000 / €20,000
Yearly Purchase Limit £100,000 / €100,000
Daily ATM Withdrawal Limit £500 / €500

Coinbase Card: Things To Know

Do you have to order a physical Coinbase Card to use the virtual card?

Yes. You won’t be issued with the virtual card details until you order a physical card.

Where is Coinbase Card accepted?

Coinbase Card should be accepted everywhere that a normal Visa debit card is accepted (in the UK and internationally). I didn’t have any problems when I tested it in a few shops (in-store and online).

When shopping in some places, your card might initially get charged more than you expect.

I reached out to Coinbase for some clarity on this. This happens when merchants (at the time you make the payment) don’t know the final bill. To ensure you can cover the transaction cost, these merchants will hold a larger amount.

It’s completely normal and happens with other crypto (and non-crypto) debit cards too.

How are refunds treated?

If you refund a purchase, you will receive a refund directly to your cryptocurrency balance using the fiat-to-crypto exchange rate at the time the refund is executed.

In other words? You might not receive an equivalent amount of cryptocurrency back if you make a refund and the fiat-to-crypto exchange rate has changed. However, you will receive an equivalent amount back (valued in GBP or EUR).

What about chargebacks?

You’ll have to pay a £20 (or €20) fee to process a chargeback. As noted above, you’re also refunded the fiat value of the purchase – not the original cryptocurrency amount you spent.

Other things to know...

No PIN code is required to access the app on your phone, but you can’t see card details on your phone unless you have a fingerprint scan stored on your phone.

Alternatives: Coinbase Card vs Wirex

Wirex (Dark Green) Full Logo

Wirex is one of the leading crypto debit cards which is available in the United Kingdom and Europe.

Like the Coinbase Card, you can spend any cryptocurrency stored in your Wirex account with a Visa debit card. This includes purchases within the UK, EU, and internationally.

Here’s a quick comparison of them both.

Coinbase Card Wirex
Card Issuance Fee £4.95 Free
Account Management Fee Free £1/month
Crypto Exchange Fees 2.49% 2.5%
ATM Withdrawal Fee Free (up to £200/month)
1% (any amount over £200/month)
£1.75 (up to £250/day)
Cashback 0% 0.5% (paid in BTC)

Having tested both, I prefer Wirex. Learn why in my full Wirex review.

But there’s an even better option than this in 2022: the Visa Card. Find out more about this option (and everything has to offer) in my full review.

Summary: Best Bitcoin Debit Card?

I was thrilled to hear about the Coinbase Card.

We didn’t have many great crypto debit cards at the time, so I was excited to test it out.

And while it makes spending your cryptocurrency quick and easy, it isn’t the cheapest option. Every single time you make a purchase in your home country, you’ll be charged 2.49% in cryptocurrency exchange fees. If you make a transaction in a different country, you’ll be charged another transaction fee on top of this.

That really sucks. There are better options in 2022.

While Wirex is still a good option, I think are offering much more value with its Visa Card. If you want a crypto debit card, I’d check out before ordering a Coinbase Card.

They’re not perfect, but they are cheaper and I’ve never had any problems with it.

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