Coinbase that recently joined Nasdaq &100bn public entity has reportedly gained more fame and relevance as the cryptocurrency exchange company has integrated its debit card with both Google and Apple’s payment platforms.
Coinbase Card is nevertheless finite as it launches this week for reserved users exclusively on its waitlist.
Since the Coinbase Card is not a credit card, the tech company is not demanding a fee for requesting its debit card — Still, owning a Coinbase debit card does not impact your credit score.
While anticipating the Coinbase Card which is expected to arrive at your doorstep, its means you have been approved to own its debit card for further spending.
In addition to sending or receiving cryptocurrency through Coinbase, customers can (1) purchase or sell a single cryptocurrency (a “cryptocurrency purchase” or “cryptocurrency sale”), or (2) convert one type of cryptocurrency into another type of cryptocurrency (a “cryptocurrency conversion”). After signing in to Coinbase.com, select the blue Trade button to view this screen.
The crypto exchange company promises that approved users waiting on the card arrival can proceed to initiate purchases via either Apple Pay or Google Pay — while the card is yet to physically touch down.
Alongside this profitable promo, Coinbase also offers 4% crypto-based rewards, exclusive for users transacting with its debit card.
It worth noting that neither Google’s nor Apple’s payment platform allows cryptocurrency such as Bitcoin, Ethereum, Dodge, etc, as a payment option within its Pay platform.
Therefore, while your transaction processes, Coinbase covert’s your coin to real-time cash — while your cash is transferred into your Coinbase debit card for further transaction with these payment apps.
While the Crypto exchange company charges are derived as a fee from converted cash (visit Coinbase blog for more details on their charges).
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