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Coinbase Card UK Review 2024: Benefits, Perks and Fees

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Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
coinbase card uk review

Coinbase Card UK: Our Opinion

The Coinbase card is one of the most popular crypto cards on the market. The crypto debit card allows Coinbase users to convert their crypto assets into fiat and spend online and in physical stores worldwide, where Visa cards are accepted. 

At the same time, cardholders can accumulate cashback rewards of up to 4% of their crypto purchases using the Coinbase Visa debit card. The card also offers up to 4% annual interest on crypto staking. With its ease of use and integration into the Coinbase app, the Coinbase debit card is ideal for crypto beginners.

However, the card supports only eight cryptocurrencies. Seasoned crypto users may opt for a competitor crypto credit or debit card, like the Binance and Crypto.com cards, with additional perks such as rebates, discounts, better cashback rewards, and more crypto support.

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    An Overview of Coinbase Card UK

    Coinbase, established in 2012 by Brian Armstrong and Fred Ehrsam, is a global cryptocurrency exchange among the largest exchanges by trading volume. The US-based crypto company is home to about 108 million users across 100+ countries, including the United Kingdom. 

    Our Coinbase card review further highlights that Coinbase offers numerous crypto-related services to its customers. UK customers can buy and sell cryptocurrencies, like Bitcoin, Ethereum, and Litecoin, more conveniently on the intuitive Coinbase App. They also have access to the Coinbase Visa Card, Coinbase Wallet, crypto staking, and more. 

    To cater to customers across all experience levels, Coinbase offers a primary Coinbase platform best suited to beginners and Coinbase Pro for advanced traders.

    The Coinbase card allows users to convert and spend their cryptocurrencies in one place automatically. The debit card is accepted by millions of merchants worldwide accepting Visa cards. However, there are downsides that potential users should note before choosing the card. We highlight some of them below. 



    Coinbase Card: What Is It?

    coinbase review card uk

    The Coinbase Card is one of the numerous features of the Coinbase cryptocurrency exchange. Coinbase was established to provide easy crypto access to anyone, anywhere. With the debit card, Coinbase users can easily access and spend their cryptocurrencies on everyday purchases like groceries and utility bills.

    The Coinbase Visa Card is accepted in millions of online and brick-and-mortar stores accepting Visa cards across the globe. Using the card is similar to using traditional debit cards that must be funded before payments; the difference is that this card can only be funded with eight cryptocurrencies.

    All crypto transactions using the Coinbase Card attract cashback rewards in BTC, ETH, XLM, and more. 

    Coinbase Card: How Does It Work?

    The Coinbase card works like a conventional debit card. The prepaid card is funded directly from the Coinbase exchange wallet. It converts the crypto to the user’s denominated fiat currency for spending, for instance, GBP or EUR for UK customers. Cardholders can spend their crypto on conventional transactions via Google Pay, Apple Pay, ATM withdrawals, and other supported crypto payment channels. 

    The Coinbase Card comes in physical and virtual forms, and both have the same features; the only difference is that the physical card supports crypto ATM withdrawals. In terms of features, the crypto debit card supports eight cryptocurrencies, including Bitcoin.

    The Coinbase card also offers up to 4% cashback rewards when users make payments and purchases. Coinbase customers can also stake their digital assets via the Coinbase card app and earn up to 4% staking rewards—depending on the crypto staked and staking period. 

    Benefits and Perks

    coinbase benefits card uk

    One of the standout features of the Coinbase card is that the physical Coinbase card is free. Since it’s limited to only Coinbase customers, the company allows them to apply for the card without a card issuance fee. 

    The Coinbase card offers up to 4% cashback to cardholders when they make payments. However, the reward can be as low as 1% if they choose to be paid in Bitcoin, Ethereum, or Dogecoin. 

    The crypto staking feature is another upside to the Coinbase card. Users can hold and stake their digital assets through the card for an annual percentage yield (APY) of up to 4%. The card doesn’t incur a monthly, annual, or foreign transaction fee, but other fees apply. 

    Cryptocurrencies Supported

    The Coinbase card supports only eight cryptocurrencies. This coin support is one of the major dealbreakers of the card. 

    • Nonetheless, the supported coins are some of the most popular options among investors. These are the cryptocurrencies supported by the Coinbase Visa debit card:
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Dogecoin (DOGE)
    • Dai (DAI)
    • Algorand (ALGO)
    • AMP Token (AMP)
    • Rally (RLY)
    • Stellar (XLM)
    • The card can be funded using any of these cryptocurrencies. Users can earn 1% back in ETH, BTC, and DOGE or 4% in GRT or XLM
    Cryptocurrencies-available-on-Coinbase uk

    Fees Explained

    Coinbase offers users one of the most affordable cards for crypto spending. The card can be accessed for free in supported regions, like the UK, with no card issuance fee. Unlike the Crypto.com card, which requires users to stake the platform’s native Cronos (CRO) token, the Coinbase Card does not have this restriction. Coinbase card users can spend and earn on any supported asset with no initial requirements other than a verified Coinbase account. 

    At the same time, Coinbase charges a $0 annual fee and no transaction, monthly, or foreign transaction fee, making the Coinbase card suitable for international transactions. 

    Coinbase includes spreads in the prices to buy and sell cryptocurrencies using the card. However, the exchange isn’t upfront about the exact amount. 

    Other fees that apply include the following:

    • 1.5% fee for ATM transactions.
    • 2.49% ATM fee charged by the provider (susceptible to change).
    • 2.49% Coinbase wallet currency conversion fee for payments made using any other currency apart from the default USDC. 

    Different Cardholder Tiers

    While the Coinbase exchange has different user levels based on trading volume, the Coinbase card has no cardholder tiers or levels. However, during our Coinbase card UK review, we discovered some limits apply to all cardholders. We highlight the Coinbase card limits below:

    • Maximum card balance limit of $9,999.99 (£8,086.09) at any time
    • Card reload limit of $5,000 (£4042.25) per 24 hours: Two times per 24 hours, four times per seven days, and ten times per 30 days.
    • ATM/Over the counter (OTC) cash withdrawal limits of three times each and not more than six times for both. 

    Opening an Account

    Creating a Coinbase account is a prerequisite to using the Coinbase Visa card. Follow these steps to create an account on Coinbase and get the Coinbase Card: 

    Visit the Coinbase Website

    Head to the Coinbase website and click the “Get Started” button at the upper right side of the home screen. Enter the necessary information in the boxes, including a full name, valid email address, and password. Check the consent box and click “Create Free Account”.

    Verify Email

    Coinbase will send a verification email to the email address provided during registration. Click the link provided in the email and sign in to the platform using the newly registered credentials.

    Verify Phone Number

    After signing in to Coinbase, the exchange prompts users to enter a valid phone number. Provide the mobile number in the dialogue box and click “Send Code”.

    Enter the 7-digit code sent as an SMS from Coinbase in the box provided and click “Submit” to continue.  

    Complete Personal Information

    Coinbase requests users to complete their personal information, including full legal name, date of birth, and residential address. Fill in the information and click “Continue”. 

    Verify Identity

    As part of its know-your-customer (KYC) and anti-money laundering (AML) compliance, Coinbase has a mandatory identity verification process for new customers. 

    Click on “Complete ID verification” and submit the required documents, including proof of identity (like a passport or driving licence), proof of address (like a utility bill or bank account statement), and a selfie photo to complete the verification process. 

    Get the Coinbase Card

    Log in to the Coinbase account and select “Coinbase Card” from the home screen or the “Earn More” section on the navigation menu. Confirm the personal information and accept the terms and conditions. A virtual card will be automatically created, while a physical card will be shipped later. 

    Coinbase Card App

    The Coinbase card does not have a dedicated mobile app. Instead, the card feature is infused into the Coinbase App for convenience. Coinbase customers can request the card directly from the app and access the virtual card without hassles. 

    The Coinbase app is neatly designed with a user-friendly interface, making it easy for users to order a card right from the homepage with just a few clicks.  

    Customer Satisfaction

    The exchange has a 24/7 dedicated team of customer support professionals available via email and phone to help users when they have challenges or get stuck using the platform. This is all to make trading and other activities on Coinbase hitch-free. 

    There is also an FAQ section and various educational resources that customers can read to answer common questions about using the platform’s products and services. 

    However, online customer reviews on Trustpilot UK suggest that Coinbase customers are unsatisfied with its support services. The exchange has a 1.5-star rating, with common feedback about the poor nature of Coinbase’s customer service.  

    Is the Coinbase Card Right for You?

    The Coinbase card has a few perks and benefits that make it perfect for cryptocurrency investors. Both virtual and physical cards are free and offer up to 4% cashback in crypto rewards. 

    Investors can also stake their assets for up to 4% yearly interest using the Coinbase card. At the same time, there are no transaction, annual, or foreign transaction fees, so the Visa debit card is a low-cost option for crypto beginners. 

    However, the card is limited in coin support, and other cards offer more benefits, like discounts, rebates, higher cashback percentages, and better staking rewards. The Coinbase card may not be the right option for investors looking to get substantial rewards from cryptocurrency cards. 

    Final Thoughts

    The Coinbase Card is a cryptocurrency debit card that offers direct conversion and spending of crypto assets at millions of online and physical stores worldwide. The card offers up to 4% cashback reward and is free for all Coinbase customers. 

    With no staking requirement and issuance fee, the Coinbase card is ideal for crypto beginners in the UK who want a seamless way to spend and earn crypto rewards. 

    However, the low crypto support and staking rewards are potential dealbreakers for high-volume crypto traders.

    If you want to know more about on Coinbase Competitors and other Crypto Cards, you can check out our list of the Crypto Cards UK Reviews.


    Most frequent questions and answers

    Yes, Coinbase works with UK banks to make it easier for customers to fund their Coinbase wallets via bank transfer. With Easy Bank Transfers, Coinbase UK customers can link their bank accounts to Coinbase for direct funding. 

    The Coinbase card can be used for ATM withdrawals. Coinbase doesn’t charge an ATM withdrawal fee, but the ATM provider may do so.

    The Coinbase card has a maximum card balance limit of $9,999.99 (£8,086.09) at any time. There’s also a card reload limit of $5,000 (£4042.25) per 24 hours.

    Yes, the Coinbase card can be used for international transactions. The card is powered by Visa and is acceptable anywhere Visa is accepted without foreign transaction fees. 

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    Skrumble.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade, or sell any investment instruments or products, including but not limited to cryptocurrencies, or use any specific exchange. Please do not use this website as investment advice, financial advice, or legal advice, and each individual’s needs may vary from that of the author. Investing in financial instruments, including cryptocurrencies, carries a high risk and is not suitable for all investors. It is possible to lose the entire initial investment, so do not invest what you cannot afford to lose. We strongly advise conducting your own research before making any investment decisions. This post includes affiliate links with our partners who may compensate us.

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