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Since then, they've expanded to many more cryptocurrencies, with the plan to continue. The company was founded in 2012 and offered the ability to buy and sell bitcoin through bank transfers. What is Coinbase?Ĭoinbase is a San Francisco-based cryptocurrency exchange. It's the best-known crypto exchange in the US, and where most new investors get started.īut does their popularity come at the cost of security? And will their fees drain your returns? Below, learn about Coinbase's offerings, cost, and how it compares to other exchanges. I even attached it to my Apple Pay! In all, I made over $50 in rewards in my first month, so I’d say Yes, it’s worth the minor hassles.If you've considered investing in crypto, you've probably heard of Coinbase. I also paid my exterminator and cell phone bills with the card. In my first month, I used my card at restaurants, supermarkets and convenience stores.
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However, buying and selling USDC does not carry any fee on Coinbase, so that’s easily the best way to go.įor me, buying USDC with money from my bank account is free and near-instant. Coinbase explains that every time you make a purchase, crypto is sold for USD, then applied to the sale. You can use any crypto supported by Coinbase to fuel your card, but using anything other than USDC incurs a 2.49% transaction fee. Remember that this is a prepaid debit card, not a charge account. Once you have your card, you select what crypto to use to fund it. To be eligible, you must live in the US, excluding Hawaii and complete identity verification.Ĭoinbase offers many options, but clearly directs you towards a preferred way of doing things. Wait times can reportedly be long, but I got mine in about a month. A couple of clicks on the homepage and you’re done. Their site is easy to navigate and user friendly. I got my introduction to crypto through Coinbase. I am a United States resident, so I’ll be writing from that perspective (the card is currently only available in the US). In this post, I will focus on the versatile, easy-to-use Conbase Visa debit card. I started using both the Coinbase Visa and the offering from. The other was through debit cards with crypto-back rewards. Finally, I'm back in the green!Īfter "buying the dip" as much as my bank account would allow, I looked for new ways to earn crypto while waiting for the inevitable resurgence.
![coinbase debit card five dollar limit coinbase debit card five dollar limit](https://www.doctorofcredit.com/wp-content/uploads/2020/10/Coinbase-Visa-Debit-Card.png)
Even right after the big "correction," I asked myself, "Do I believe that was the highest value crypto will ever have?" The answer was an easy "no," so I learned to HODL and DCA to bring down my average price. I watched my portfolio explode to nearly double in about a month, then come crashing down to -50%! I learned a lot from that experience. I got involved in Crypto back in February 2021, when everyone else was FOMOing in as well. Hi there! This is my first post on Publish0x.