CoinJar Card Review
A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a cryptocurrency debit card, you can. This is a review of CoinJar Card, one of the crypto debit cards out there.
CoinJar Card supports 17 different cryptos and will most likely support even more cryptos in the future.
With respect to fiat currencies, CoinJar Card supports USD and AUD.
This card is an EFTPOS-card. EFTPOS stands for Electronic Funds Transfer at Point of Sale and denotes an electronic payment system. It comes from USA and initially rolled out in 1982. See more about EFTPOS here. EFTPOS-cards can be used essentially everywhere and doesn’t limit the card holder in any substantial manner compared to holding a Visa-card or MasterCard.
US-investors may also use this card.
The CoinJar company states that this card “seamlessly connects to the CoinJar companion app available on iOS, Android, and web”.
Picture of Card
CoinJar Card Fees
We think that CoinJar Card charges competitive fees.
There is no monthly fee at all. This is a competitive edge for this card.
There is an issuance fee set to USD 29, which is a bit above industry average.
ATM-usage results in a fixed fee of USD 2.00, per withdrawal. This is not a high fee, even if there are cards not charging any ATM-withdrawal fees at all.
Furthermore, the most important fee of them all, the commission on spending. CoinJar Card sets you back 1.00%. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 101. 1.00% is not in any way above industry average.
Finally, the maximum deposit is USD 999 (and the minimum deposit is USD 29). If you need a card with higher maximum deposit limits than that, don’t worry. Just have a look in our crypto debit card list to find another card for you.
Finally, if this is the card for you, congrats. Sign up for it here.
If not, you can also check out one of the other cards in our crypto debit card list. Good luck!