The biggest crypto broker and exchange has launched a credit card that allows you to instantly spend or cash withdraw the cryptos you hold on Coinbase.
The newly launched website says you can choose through an app which crypto to pay with. “It takes just a few seconds to switch between bitcoin, ethereum and more,” they say.
By more presumably they mean all cryptos on offer at Coinbase, which would include BCH, ETC and others.
For now however this is limited to just UK with plans to expand to the European Union with the card issued by Paysafe Financial Services Limited.
It costs about £5 to get the card, with most services then free, including cash withdrawals. Brits can now withdraw up to £200 pounds worth of their Coinbase crypto for free per month, with a 1% fee then applying.
Contactless payments can be made for free within UK, but there is a 2.49% conversion or liquidation fee which isn’t that much different from the buying or selling fee on Coinbase itself.