San Francisco-based cryptocurrency exchange Coinbase has expanded its Coinbase Card—a Visa debit card—to customers in the United Kingdom. This card enables seamless spending of cryptocurrencies at millions of global retailers, both online and offline.
Key Features of the Coinbase Card
- Multi-Cryptocurrency Support: Spend BTC, ETH, XRP, LTC, and other supported cryptocurrencies.
- Instant Conversion: Crypto balances are instantly converted to GBP (or local fiat) during transactions.
- Flexible Payment Methods: Contactless, Chip and PIN, and ATM withdrawals are supported.
- No Issuance Fee: Waived for the first 1,000 UK customers on the waitlist.
👉 Discover how to apply for the Coinbase Card
How It Works
The Coinbase Card links directly to users’ crypto wallets. When making a purchase, the platform automatically converts the selected cryptocurrency into fiat currency. Transactions appear as GBP on receipts, simplifying accounting.
"Customers can pay for a meal with Bitcoin or fund a train ticket with Ethereum—all while earning rewards," Coinbase noted in its official announcement.
Coinbase Card App
A dedicated mobile app (iOS/Android) provides:
- Real-time transaction summaries.
- Customizable spending categories.
- Instant receipts and fund management tools.
Supported Regions: Initially UK-only, with EU expansion planned within months.
FAQs
Q: Are there fees for using the Coinbase Card?
A: Standard ATM withdrawal fees apply. Crypto-to-fiat conversions follow Coinbase’s pricing structure.
Q: Which cryptocurrencies are supported?
A: All tradable assets on Coinbase, including BTC, ETH, and stablecoins like USDC.
Q: When will the card launch in the EU?
A: Coinbase aims to roll out support to EU countries later this year.
Recent Coinbase Pro Updates
On April 8, Coinbase Pro added trading for EOS, REP (Augur), and MKR (MakerDAO) with BTC, USD, and EUR pairs. Notably:
- MKR trades against BTC and USDC.
- Services exclude New York due to regulatory restrictions.
👉 Explore Coinbase Pro’s latest offerings
Editorial Note: This article adheres to strict journalistic standards, with all promotional links removed. For updates, visit Coinbase’s official blog.
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