UPDATE 1 December 2018: Please be advised that CoinsBank has stopped offering their cryptocurrency debit cards. They are labelled as "temporary unavailable" on their website.
To find an active crypto debit card that you can use today, please visit our Crypto Debit Card List to see what options there are.
CoinsBank 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 Coinsbank Card, one of the crypto debit cards out there.
The card will most likely support even more cryptos in the future.
With respect to fiat currencies, CoinsBank Card supports AUD, CHF, EUR, JPY, RUR and USD. This is a competitive selection of supported fiat currencies.
CoinsBank Card is a VISA-card, meaning that you can use it at any point of payment that accepts VISA. This is of course a great advantage, seeing that VISA is the most widely accepted card in the world (alongside MasterCard).
US-investors may also use this card.
Picture of Card
Coinsbank Card Fees
CoinsBank Card’s fees are on the high-end.
The monthly fee is USD 0.95. This is quite moderate and not above industry average.
There is an issuance fee, however, set to USD 99.95. This is roughly 7 times higher than the industry average issuance fee.
If you’re looking to withdraw cash from an ATM, then you will also be facing an ATM-withdrawal fee that is roughly the double of the industry average (fixed fee of USD 4.95 per withdrawal).
Furthermore, the most important fee of them all, is the commission on spending. CoinsBank Card sets you back 1.99%. This means that if you buy a new bicycle for USD 1,000, this will reduce your crypto assets with USD 1,019.90.
We have not been able to find any information on the maximum deposit limit.
If this is the crypto debit card for you, congrats!
If not, check out one of the other cards in our crypto debit card list. Good luck!