Got my card 4 days ago and added $100. Says it's available but card always declined. Even for a 64 cents soda. Support said to wait for the second email that the funds are available. Anyone else have this problem?
Support said when I add funds it will tell me in blue when they will be available. I added $10 and hit preview. It said 7 days. It's Tuesday now and Thursday will day 7. I'll try it then.
I’m a fan of coinbase direct deposit. I just direct deposit 10% of my paycheck to usdc directly & use the coinbase card that way. But 1 thing that they should change is to change Bitcoin to a 4% reward instead of 1% since Bitcoin is the number one biggest crypto on the market
It's worth noting that you can opt-out of the arbitratian clause if you mail them within 60 days. While it's unlikely that you'd ever sue them, I'd reccomend doing this simply on pricinciple.
I got my card 8 months ago and am really happy with it, I even pay my mortgage and car payment with the card. I will say that the rewards change every month and it isn't always 4% cashback. So far there have been 2 different months where the 4% option wasn't available
Normally I'd never make a purchase with Crypto because of those transaction fees. But it is nice in an emergecy to be able to dip directly into your crypto reserves for on the spot purchases if you have to make one and no USD or USDC is left in your account.
You said things I teach my crypto clients. Always get the highest percentage, then exchange for what other coin/tokens you want to maximize your payback. I tell them $1=$1, regardless of the crypto-tender. The low interest on Top Crypto is a sleight of hand. Kudos.
did you manage to set up your card to make the payments with the fiat(GBP) on your coinbase? i cant get that choice only other coin wallets but not fiat wallet.Thank you
Thought this would be a way of spending Bitcoin while avoiding the federal tax, but according to Coinbase it's considered as you selling crypto, so you're still getting taxed 20% on the gains
Great video. Sums it up. It be nice to maybe get a clearer picture on converting cash back to another coin. For example, my XLM (4%) to Bitcoin. How is this going to be taxed with converting. Other option I been doing is sending XLM (no fees) to Kucoin, I sell XLM to USDT and buy what I want basically free with my cash back. I buy metaverse coins for kicks.
Anyone I've spoken to that's had an issue with not being able to use funds is because they've used US Dollar instead of using USD Coin. I've never had an issue with using my funds immediately. I've only ever used usdc. Why is that the case?
When it comes to getting the 4% then converting to say btc after you receive it…How messy is that come tax time? Thanks for the video! It was really helpful!
@@APennyPinchersGuide well it will because you will have to report it and therefore be taxed on it. That's there whole point to get us to use these cards. It's a trap door I believe. They finessed
Ive been trying to order a physical card for a few weeks now, and i just shut out after accepting the terms and agreements, anyone else have this issue?
Lots more info in this video than other reviews here on YT. Although, what are you spending $2500 daily on if it’s not business expenses? At that point it seems like a good cash return credit card would be a better option. I just couldn’t see consumer spending being $2500/day. What am I missing here, help me understand if I missed something?
Sorry if I wasn’t clear about it! My criticism of the $2,500 cap per day isn’t that it would be something people are dealing with regularly. It’s more so that when expensive purchases do come up (buying airline tickets as an example) they would have to use another card instead of this one
I have a Coinbase One subscription; I spent $36.20 and I am getting $1.45 in rewards (ELM ) , that is 4% cash back. . . PS: it really only makes sense if you have the subscription because you (i) can convert $0.13 worth of XLM into anything else without incurring fees.
that is depressing, i would consider myself a big spender. i like expensive things and i guess i have to given up on ever getting a coinbase debit card. i wonder if Bitpay debit card will be any better.
Do you guys know European customers where or how have to apply for Coinbase card cause inside the app there is no an option such as Coinbase card ... and it errors when I try to withdraw the fund I would appreciate if y’all help me out
This shows which European countries currently have access to the Coinbase Card help.coinbase.com/en/coinbase/trading-and-funding/other/coinbase-card-faq
Hi wondering if you can help I I funds in crypto bitcoin it in a web wallet 3 but when I go into coinbase verification it want let me take a picture of my id not sure what Iam doing something wrong it is very frustrating Any help would be greatful
@@APennyPinchersGuide i was also wondering this, if anyone finds out please tag me, i just direct deposited 50% of my check to start collecting the rewards on paying bills and i was originally going to get the 1% in bitcoin as I thought there'd be no way it'd be as simple as just converting it lol but i'll find out! I just changed to 4% Stellar Lumens and i'll get my first direct deposit later this month
So my question would be, seeing how this is a prepaid debit card, would this have a routing number and account number as a traditional bank account? Would love to earn double rewards by paying off other reward credit cards with this card to earn crypto back while also earning rewards on the other card as well
Routing and account numbers are a bank thing, not a visa/mastercard thing. Coinbase provides essentially a prepaid visa gift card. So no bank account number or routing number.
It shouldn't take that long... because I deposited some money and after 5 to 10 minutes. Coinbase email me that my coinbase card money deposited is ready for use...
I want to transfer money from my bank to my Coinbase Debit Card so I can start getting rewards. I want it to be stable, should I load it to US Dollar or USD Coin? I'm not really sure the difference
Well the US dollar won't fluctuate in value (other than with inflation), but I don't think you'll earn much; granted I use gemini earn for interest and not Coinbase. It's all a matter of risk vs reward and only you can determine whether getting the higher interest from certain coins is worth it to you
@@APennyPinchersGuide I’ve managed to find something it to me to the App Store for Coinbase card but I’ve had to pay £4.99 for my card is this the same card or is there different cards for Coinbase?
I got one. Meh... This is a crypto scheme. They sign you up, promise you a lot of stuff, and when you start funding the card they rely on your lack of knowledge, and make you run around for your own money. I know a few people who wait way too long to get their money so they threw the cards away... I'm cheap. I'm not putting 300 bucks on a card and forgetting about it... My friend however is different and he threw the card away... Shyte I like my money, I don't feel like playing games with it.
@@APennyPinchersGuide too much of this crypto market is based off of people's lack of knowledge. It's interesting. I hope people educate themselves. Your video was very good. I have seen some of your other videos. Good.
I must be poor lol 5000 a day crap i dont spend that in 2 months lol i bought coffee this morning for 2.39 lol i thought i was doing good financially ....guess not lol
![[UNCUT] The Loyal Pin ปิ่นภักดิ์ EP.6 (1/4)](http://i.ytimg.com/vi/m05kZ2GDKXg/mqdefault.jpg)
Got my card 4 days ago and added $100. Says it's available but card always declined. Even for a 64 cents soda. Support said to wait for the second email that the funds are available. Anyone else have this problem?
I have not had that issue, any luck with getting it fixed?
Support said when I add funds it will tell me in blue when they will be available. I added $10 and hit preview. It said 7 days. It's Tuesday now and Thursday will day 7. I'll try it then.
@@clbdyc I hope it works, if you have to keep waiting ten days to use your money I’d use another card because that’s ridiculous
Worked today
@@clbdyc hopefully that’s only an issue with the initial funding
I’m a fan of coinbase direct deposit. I just direct deposit 10% of my paycheck to usdc directly & use the coinbase card that way. But 1 thing that they should change is to change Bitcoin to a 4% reward instead of 1% since Bitcoin is the number one biggest crypto on the market
That would make it a lot easier to use!
@@APennyPinchersGuide Yes
Thank you. You just stopped me from getting it. My only purpose was to collect btc at 4%.
@@jamesdawny1855 collect another coin in 4% and convert it to bitcoin, it’s the same thing
@@VoltUni it’s literally something agreed. Tips fellas just pick the highest %
It's worth noting that you can opt-out of the arbitratian clause if you mail them within 60 days. While it's unlikely that you'd ever sue them, I'd reccomend doing this simply on pricinciple.
can you explain this deeper i need to do this now
I got my card 8 months ago and am really happy with it, I even pay my mortgage and car payment with the card. I will say that the rewards change every month and it isn't always 4% cashback. So far there have been 2 different months where the 4% option wasn't available
Normally I'd never make a purchase with Crypto because of those transaction fees. But it is nice in an emergecy to be able to dip directly into your crypto reserves for on the spot purchases if you have to make one and no USD or USDC is left in your account.
More needed info on this video, helped me decide whether I want the card or not.
Are you planning on getting the Coinbase Card?
awesome video !!! i just got mine today and im so glad i saw this video!!!!
You said things I teach my crypto clients. Always get the highest percentage, then exchange for what other coin/tokens you want to maximize your payback. I tell them $1=$1, regardless of the crypto-tender.
The low interest on Top Crypto is a sleight of hand.
Kudos.
Thanks!
did you manage to set up your card to make the payments with the fiat(GBP) on your coinbase? i cant get that choice only other coin wallets but not fiat wallet.Thank you
@@gonzaloinsua8915 Coinbase Card on takes crypto top-up the card - I will try with USDC.
@@robwin0072 i can use fiat wallet to make payments i dont think is allowed in the uk app, only payments via crypto...is shit because they charge fees
@@gonzaloinsua8915 true -
Wanted to swap €1000 shida to usdt and gas was €190 ETH . Cionbace not so good. Same transaction on binance was .40cents.
Thought this would be a way of spending Bitcoin while avoiding the federal tax, but according to Coinbase it's considered as you selling crypto, so you're still getting taxed 20% on the gains
Great video. Sums it up. It be nice to maybe get a clearer picture on converting cash back to another coin. For example, my XLM (4%) to Bitcoin. How is this going to be taxed with converting. Other option I been doing is sending XLM (no fees) to Kucoin, I sell XLM to USDT and buy what I want basically free with my cash back. I buy metaverse coins for kicks.
Interesting
Anyone I've spoken to that's had an issue with not being able to use funds is because they've used US Dollar instead of using USD Coin. I've never had an issue with using my funds immediately. I've only ever used usdc. Why is that the case?
When it comes to getting the 4% then converting to say btc after you receive it…How messy is that come tax time?
Thanks for the video! It was really helpful!
With Coinbase they should issue you all your treasured tax forms, so transferring between coins shouldn’t make your tax situation any more difficult
@@APennyPinchersGuide well it will because you will have to report it and therefore be taxed on it. That's there whole point to get us to use these cards. It's a trap door I believe. They finessed
Ive been trying to order a physical card for a few weeks now, and i just shut out after accepting the terms and agreements, anyone else have this issue?
Lots more info in this video than other reviews here on YT. Although, what are you spending $2500 daily on if it’s not business expenses? At that point it seems like a good cash return credit card would be a better option. I just couldn’t see consumer spending being $2500/day. What am I missing here, help me understand if I missed something?
Sorry if I wasn’t clear about it! My criticism of the $2,500 cap per day isn’t that it would be something people are dealing with regularly. It’s more so that when expensive purchases do come up (buying airline tickets as an example) they would have to use another card instead of this one
One word- UNLINKED 🤦♂️ over and over again from your bank. Ridiculous
That is ridiculous!
@@APennyPinchersGuide I like the card, something is wrong with Coinbase itself! Other platforms never disconnect!
I have a Coinbase One subscription; I spent $36.20 and I am getting $1.45 in rewards (ELM ) , that is 4% cash back. . .
PS: it really only makes sense if you have the subscription because you (i) can convert $0.13 worth of XLM into anything else without incurring fees.
that is depressing, i would consider myself a big spender. i like expensive things and i guess i have to given up on ever getting a coinbase debit card. i wonder if Bitpay debit card will be any better.
They use to not charge a fee... but now they do.
So I'm not sure that I'm still going to keep using the coinbase card....?
Yea I think there are better options out there
You said it’s capped at 2500 and 5000 daily spend. Which is it, because that makes a big difference
$2,500 for a single purchase, no more than $5,000 in a day
im not seeing the option to fund us dollar. It only have usd coins...
Do you guys know European customers where or how have to apply for Coinbase card cause inside the app there is no an option such as Coinbase card ... and it errors when I try to withdraw the fund I would appreciate if y’all help me out
This shows which European countries currently have access to the Coinbase Card help.coinbase.com/en/coinbase/trading-and-funding/other/coinbase-card-faq
Hi wondering if you can help I I funds in crypto bitcoin it in a web wallet 3 but when I go into coinbase verification it want let me take a picture of my id not sure what Iam doing something wrong it is very frustrating
Any help would be greatful
There actually is a fee if you convert one crypto to another.
Where does it show that? I've never seen a transaction fee required when I've converted one coin into another
@@APennyPinchersGuide i was also wondering this, if anyone finds out please tag me, i just direct deposited 50% of my check to start collecting the rewards on paying bills and i was originally going to get the 1% in bitcoin as I thought there'd be no way it'd be as simple as just converting it lol but i'll find out! I just changed to 4% Stellar Lumens and i'll get my first direct deposit later this month
but also i wonder if even with the fees its better to collect the 4% and eat it cause it'll probably still amount to more than 1% in bitcoin right? 🤓
@@Audible484 I would certainly think so!
So if this is correct, you can use cash OR usd coin and technically usd coin is a crypto but you do not have to pay a fee for spending USD COIN?
1 yr later any idea
So my question would be, seeing how this is a prepaid debit card, would this have a routing number and account number as a traditional bank account? Would love to earn double rewards by paying off other reward credit cards with this card to earn crypto back while also earning rewards on the other card as well
Let me know if you figure this out, sounds interesting.
i use mine for direct deposit for my checks
Routing and account numbers are a bank thing, not a visa/mastercard thing. Coinbase provides essentially a prepaid visa gift card. So no bank account number or routing number.
i've been waiting over 5 days for my money to hit my card. Is that normal?
Unfortunately that’s what it sounds like
It shouldn't take that long... because I deposited some money and after 5 to 10 minutes. Coinbase email me that my coinbase card money deposited is ready for use...
From my experience vs my sister's, I linked my debit card vs she linked her actual bank acc. She had to wait 10 days....mine was instant
I've heard people say that but with me it's been instant. Are you loading it with a connected bank account or with wire transfer or debit card?
i don’t have any 4% back option. the highest i have is 2% for AMP
They may have changed their reward options, I stopped using mine after I did the initial review
Once you load the card, are you able to transfer back if not using?
I have the card though I've never tried to cash out, but I see the option to do so
I want to transfer money from my bank to my Coinbase Debit Card so I can start getting rewards. I want it to be stable, should I load it to US Dollar or USD Coin? I'm not really sure the difference
Well the US dollar won't fluctuate in value (other than with inflation), but I don't think you'll earn much; granted I use gemini earn for interest and not Coinbase. It's all a matter of risk vs reward and only you can determine whether getting the higher interest from certain coins is worth it to you
How do you use the virtual card?
It gives you the card number, expiration date, and security code which you can use to make purchases online
Are you sure there's no fee to exchange, e.g., SLM for ETH?
There wasn’t a fee when I tried it out last year, but I have not kept up with the program since then
Where do I go to apply for the card I can’t find it anywhere on my Coinbase?
Hmm that’s interesting, have you tried just googling “Coinbase card”?
@@APennyPinchersGuide I’ve managed to find something it to me to the App Store for Coinbase card but I’ve had to pay £4.99 for my card is this the same card or is there different cards for Coinbase?
You shouldn’t have to pay anything for the card, here is the link I found that should take you directly there www.coinbase.com/card
@@sandl4life I think it's the shipping, I had to pay too
@@dailyinvest5281 you might be getting scammed. I would double check everything. I didnt have to pay either.
I got one. Meh... This is a crypto scheme. They sign you up, promise you a lot of stuff, and when you start funding the card they rely on your lack of knowledge, and make you run around for your own money. I know a few people who wait way too long to get their money so they threw the cards away...
I'm cheap. I'm not putting 300 bucks on a card and forgetting about it... My friend however is different and he threw the card away...
Shyte I like my money, I don't feel like playing games with it.
In 2022, it's basically inexcusable to have such long wait times to access your own money, especially with crypto
@@APennyPinchersGuide too much of this crypto market is based off of people's lack of knowledge. It's interesting. I hope people educate themselves. Your video was very good. I have seen some of your other videos. Good.
@@blackleague212 Thanks for watching! If there are any specific subjects you'd like to see us cover in the future let us know!
So you can't get btc 4%????
I must be poor lol 5000 a day crap i dont spend that in 2 months lol i bought coffee this morning for 2.39 lol i thought i was doing good financially ....guess not lol
Sorry that wasn't a knock on anyone! I just wanted people to know about the limit in case they were planning on using it for a big ticket item
@@APennyPinchersGuide it's OK u don't have to apologize for being successful just means I need to step my game up lol
I am quitting coinbase. They suck!
You speak too fast
Coinbase can no longer be trusted. Plus this card is a ripoff, as you just pointed out out.
It just has too many restrictions for me to use the card as one of my regular cards
@@APennyPinchersGuide so it's not worth it to have the card?
@@jss.2020 for me it wasn't worth it, I got better cash back options by optimizing my credit card setup