Coinbase removes transaction fees from its crypto debit card

Coinbase

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Coinbase has announced that it has eliminated transaction fees on its Coinbase Card to make it easier for customers to spend their cryptocurrencies.

Popular cryptocurrency exchanges are reinventing the cryptocurrency spending and earning experience by removing transaction fees and offering users more ways to earn rewards.

While USDC and other stablecoins are frequently issued by Coinbase customers, the cryptocurrency issuance fee for other assets is seen as a hindrance when it comes to using the cryptocurrency for everyday use. Because of this, the company decided to eliminate transaction fees for crypto spending on its Coinbase card to give customers more flexibility when using cryptocurrencies or cash.

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Meanwhile, as customers spend more, Coinbase wants to make it easier for them to use crypto debit cards to fund purchases by giving them more ways to easily top up their cards. They can now do this by depositing some or even all of their paychecks into Coinbase without direct deposit fees.

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Rotation and Unlimited Rewards

One of the ways Coinbase Card encourages users to explore and learn more about different cryptocurrencies is through crypto rewards.

Customers will soon be able to easily earn new assets from a rotating list of crypto rewards by swiping their cards, according to a new blog post from Coinbase. With the company’s rotating rewards structure, customers will continue to earn up to 4% back on every purchase.

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While these rewards have an expiration date, if a customer does not choose a reward at the start of the next rotation, Coinbase will automatically award them the highest crypto return rate to diversify their income.

In addition to rotating rewards, Coinbase customers can continue to earn unlimited crypto rewards when they use their Coinbase Card wherever Visa debit cards are accepted.

Coinbase plans to remove the waitlist later this spring to allow all U.S. customers (except Hawaii) to sign up for a Coinbase card and start spending their cryptocurrency online and in stores more easily.