The Coinbase Card is almost ready and the exchange now offers users the possibility to register on the waiting list.
Those who apply among the first will be admitted this winter and the card will arrive within two weeks.
The card will be offered in both the USA and Europe, although the rewards program is currently only available in the USA.
Some time ago, the largest crypto exchange in the USA, Coinbase, announced that it will launch its own crypto card, known as Coinbase Card. The card has finally arrived, and the exchange announced yesterday that US customers can already be put on the waiting list.
Details about Coinbase Card
As some may already know, the Coinbase Card is a crypto debit card that can be used for payments and purchases in any store or service provider that accepts Visa. It can even be used for cash withdrawals at ATMs.
Not only that, but those who use it can earn back up to 4% in crypto rewards. The announcement from the exchange said that users can choose to earn back 4% in Stellar (XLM) or 1% in Bitcoin (BTC).
Although the card will initially be available only to U.S. citizens, they will still be able to use it anywhere in the world where Visa cards are accepted.
Spend management and reward preferences can be set up directly in the Coinbase app. Users can then choose to spend specific crypto currencies, including stablecoins such as USD Coin (USDC).
What else is there to know about the card?
Applying for the card is easy and users can apply for it either via the Coinbase app or via the web. Those who apply among the former will be approved sometime this winter, with the physical card being sent by mail within two weeks of approval.
The card is also available in almost 30 other countries, including the UK and many other European countries. However, the Rewards program will, at least for the time being, only be available in the United States.
Coinbase also noted that the introduction of the card was a significant milestone in the exchange’s efforts to drive the crypto introduction by offering a real benefit.
And, of course, the Exchange plans to continue to build on its offerings to create new useful ways to manage and use cryptography for its customers. The card will be delivered without issue fees, although conversion fees can arise.