Limit(s):BPAY, Wire Transfer
CoinJar Card Review
Wouldn’t it be nice if you could convert your crypto assets into everyday purchases and buy goods with bitcoin and other altcoins? Well, now you can. Just get a cryptocurrency debit card and buy also non-virtual goods (coffee, beer, clothes, etc.) with your crypto assets. This is a review of CoinJar Card – one of the many cryptocurrency debit cards.
CoinJar Card primarily supports the following cryptocurrencies:
The card will most likely support even more cryptocurrencies 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”.
CoinJar Card Fees
We think that CoinJar Card charges competitive fees. This means that the fees with this card is not a disadvantage to using it.
There is no monthly fee at all. This is a competitive edge for this card.
There is an issuance fee set to USD 29.00, which is a bit above industry average.
ATM-usage results in a fee of 1.00% on the withdrawn amount. This is not a deterrent fee, even if there are cards not charging any ATM-withdrawal fees.
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 999.00 (and the minimum deposit is USD 29.00). If you need a card with higher maximum deposit limits than that, don’t worry. Just have a look in our cryptocurrency debit card list to find another card for you.
If this is the cryptocurrency debit card for you, congratulations! Sign up for it here.
If not, check out one of the other epic cryptocurrency debit cards in our cryptocurrency debit card list. Good luck!