What is the cost of using Coinbase Card for international purchases?
RobeFowl22Dec 27, 2021 · 3 years ago2 answers
Can you provide a detailed explanation of the cost associated with using Coinbase Card for international purchases? I am interested in understanding the fees, exchange rates, and any other charges that may be applicable.
2 answers
- Dec 27, 2021 · 3 years agoUsing Coinbase Card for international purchases incurs several costs. Firstly, there is a foreign transaction fee of 2.49% for each transaction made in a currency other than the card's base currency. Additionally, Coinbase charges a spread of 0.5% to 2% on the exchange rate for converting the transaction amount into the card's base currency. This spread varies depending on market conditions. Lastly, if you withdraw cash from an ATM abroad, there may be additional fees imposed by the ATM operator or the card issuer. It's important to consider these costs before using Coinbase Card for international purchases.
- Dec 27, 2021 · 3 years agoUsing Coinbase Card for international purchases comes with certain costs. Coinbase charges a foreign transaction fee of 2.49% for each transaction made in a currency other than the card's base currency. Additionally, there is an exchange rate spread of 0.5% to 2% applied to the transaction amount when converting it into the card's base currency. This spread can vary depending on market conditions. It's important to note that these costs are in addition to any fees imposed by the merchant or ATM operator. While Coinbase Card offers convenience, it's essential to consider these costs and compare them with other options available to ensure you're getting the best deal.
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