Coinbase Card

The Coinbase Card is a Visa debit card available to US-based Coinbase customers (excluding Hawaii), issued by Pathward, N.A. It allows users to spend both US dollars and cryptocurrency directly from their Coinbase account. The card is designed as a practical way to use crypto for everyday purchases without needing to manually convert assets before spending.

Rewards

Cardholders earn crypto rewards on every purchase. The reward asset is selected from a rotating list of cryptocurrencies and can be changed at any time through the Coinbase app. Rewards rates are variable and displayed in the app, so users should check current offers before choosing their reward currency.

How It Works

When you spend crypto, Coinbase automatically converts it to US dollars at the time of the transaction. The card can also be used with USD balances, including USD Coin (USDC), which does not trigger a taxable event. There are no spending fees or annual fees, though a spread applies when converting between cryptocurrencies.

Benefits

• No credit check or staking requirement to apply.
• Accepted anywhere Visa debit cards are used.
• 24/7 dedicated phone and email support.
• Easy setup with a virtual card for instant online use.
• Bank account linking and direct deposit options for funding.

Important Considerations

Spending cryptocurrency (other than USDC) involves selling the asset, which is a taxable transaction in the US. Users should track gains and losses for tax reporting. The card has certain merchant restrictions, including securities broker-dealers, gambling services, and cryptocurrency businesses. Coinbase also offers the separate Coinbase One Card, a credit card product that earns Bitcoin rewards.