What is CoinsBank?
CoinsBank is a company that offers a Bitcoin card. The first thing to note is that it supports two different cryptocurrencies: Bitcoin and Litecoin. The company beats their competition when it comes to helping for fiat currencies. There are many benefits to the CoinsBank card, but also some downsides. Let’s get right into it.
Benefits of CoinsBank
The Bitcoin debit card includes its e-wallet and mobile app, which is hassle-free. You will be able to enjoy a whole range of security measures to keep your cryptocurrency tokens safe. The card supports the most significant variety of fiat currencies we’ve seen, including USD, EUR, GBP, RUB, CHF, AUD, JPY. All supported currencies, consisting of Bitcoin and Litecoin, are converted immediately. The most amazing benefit of the CoinsBank card is that you receive crypto-cashback when you utilize it in stores.
Downsides of CoinsBank
If you look at their website, you won’t find a lot of information on who runs CoinsBank, which can make some people suspicious. Lots of customers have complained about prices, which is a factor to consider when picking a card. With very high ATM withdrawal charges and POS costs, the CoinsBank card is amongst the most pricey options. CoinsBank offers complimentary shipping of the map, which is excellent. Nevertheless, this offer is only reached premium users, which is not so great.
CoinsBank uses some various cards, ranging from $2.95-$ 1,000 in issuance fees. There is also a monthly upkeep charge varying from $0.95-$ 2.95 depending on which card you order. Where most card providers charge $2.50 per withdrawal, CoinsBank charges $3.95 for domestic and $4.95 for global withdrawals.
- Card type: Visa
- Virtual card: Yes
- Physical card: Yes
- Mobile app: Yes
- Supported fiat currencies: GBP, EUR, USD, RUB, AUD, and YEN
- Supported cryptocurrencies: Bitcoin (BTC) and Litecoin (LTC).
- Anonymous: Yes.
The CoinsBank card looks like a good choice considering its adaptability. Tourists will enjoy the broad range of fiat currencies supported by the card. There is also flexibility when choosing the sort of card you want. Premium users get premium features. However, they also pay a higher rate for them. On the topic of cost, it’s challenging to get past that CoinsBank is such a pricey option. Charging for delivering the card is not uncommon, although free shipping is an option in many other places. The ATM withdrawal charges and the POS fees will be a deal-breaker for some people. These charges may be offset by the fact that you get cryptocurrency cash-back when you use it in store.