QUESTION
What is the Coinbase card and how does it work?
ANSWER
The Coinbase card is a Visa debit card that allows users to spend their cryptocurrency assets as they would with traditional fiat currency in any place that accepts Visa cards. When a user makes a purchase with the Coinbase card, an equivalent amount of the user's cryptocurrency is instantly converted into fiat currency to complete the transaction. To manage the card, users utilize the Coinbase app or website, where they can select which of their stored cryptocurrencies they wish to use for spending, view transactions, and access other card-related features. The convenience of the Coinbase card lies in its seamless integration of crypto assets into everyday commerce, enabling users to make purchases directly from their Coinbase accounts without the need to pre-convert their digital currency into fiat money at an exchange.
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