Coinbase and Visa Debut Upgraded Crypto-Reward Debit Card in the U.S.

Image source: Getty Images

Those on the waitlist for the crypto-reward debit card are able to get a physical and virtual version of the card that’s now available to all U.S. residents except those in Hawaii.


Key points

  • Last October, Coinbase announced its team-up with Visa to launch a debit card that gave users a percentage of their card purchases in crypto rewards.
  • Users choose up to 4% rewards on card purchases in Stellar Lumens, The Graph, Amp, and Rally, or 1% back in more popular cryptos Bitcoin, Ethereum, Dogecoin, and the Dai stablecoin.
  • The crypto rewards benefit of this debit card is only available to U.S. residents — excluding those in Hawaii.
  • Those on the waitlist are now able to access a virtual version of the card immediately and will receive their physical cards in the coming weeks.
  • Users can pay with either crypto or U.S. dollars wherever Visa is accepted.

Earlier this month, Coinbase posted a statement on its website announcing the debut of its upgraded crypto-reward debit card, which is currently available to all U.S. residents — except those in Hawaii. While the Coinbase debit card has already been in use for months in 30 countries, only U.S. residents benefit from the newly enhanced crypto-rewards benefits and elimination of Coinbase crypto transaction fees per purchase.

Details about the Coinbase crypto-rewards debit card

Last October, Coinbase announced its team-up with Visa to launch a debit card that gave users a percentage of their card purchases in crypto rewards. Users choose up to 4% on card purchases in crypto assets Stellar Lumens, The Graph, Amp, and Rally, or 1% back in one of the more popular cryptos Bitcoin, Ethereum, Dogecoin, and the Dai stablecoin. There’s no cap on how much a cardholder can earn in cryptocurrency rewards.

Those who joined the waitlist last fall are now able to access a virtual version of the card immediately and a physical card in a couple weeks. U.S. users of the upgraded card can pay with either crypto or U.S. dollars wherever Visa is accepted. Additionally, since it’s a debit card that draws against U.S. dollars or digital assets on deposit with Coinbase, there’s no credit check needed to apply.


Coinbase is currently the largest cryptocurrency exchange in the United States. It made big news earlier this week announcing the beta launch of its own non-fungible tokens (NFT) trading platform, to challenge the current leader in that space, OpenSea.

This Coinbase offering helps lower crypto barriers for the masses

The rollout of this crypto-reward debit card will likely be a major catalyst for broader adoption of virtual currencies in general as it has the potential to overcome major obstacles. According to research sponsored by Crypto.com last February, the top three barriers to wider adoption of cryptocurrencies were:

  • A general lack of knowledge about the crypto space (51%)
  • Security and safety concerns regarding the crypto asset class (34%)
  • Followed by not knowing where to buy crypto (29%)

This crypto-reward feature addresses each of these issues by first incentivizing users to learn about the specific cryptos they choose to earn. It’s also worth noting that Coinbase carries insurance for deposited assets as a safety and security backstop. Lastly, new users can sidestep the complexities of directly buying crypto with this simple, passive crypto-earning model.

Our top crypto play isn’t a token – Here’s why

We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. That’s how prevalent it’s become.

Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount.

Get started

Buy and sell crypto on an expert picked exchange

There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. And to find the one that’s right for you, you’ll need to decide what features that matter most to you.

To help you get started, our independent experts have sifted through the options to bring you some of our best cryptocurrency exchanges for 2022. Check out the list here and get started on your crypto journey, today.