How does Coinbase Card handle foreign transaction fees when using digital currencies?
JonathanvNov 04, 2022 · 3 years ago3 answers
Can you explain how Coinbase Card deals with foreign transaction fees when using digital currencies? I'm curious to know how they handle the fees and if there are any additional charges or considerations when using the card abroad.
3 answers
- GhadiMar 29, 2021 · 4 years agoWhen using Coinbase Card for transactions in foreign currencies, Coinbase will automatically convert your digital currency into the local currency at the current exchange rate. This conversion is done without any additional fees or charges. However, it's important to note that there may be fees associated with using the card abroad, such as ATM withdrawal fees or foreign transaction fees imposed by the local bank or merchant. It's always a good idea to check with your bank or Coinbase for any potential fees before using the card overseas.
- DrRawleyAug 12, 2022 · 3 years agoCoinbase Card handles foreign transaction fees by converting your digital currency into the local currency at the real-time exchange rate. This means that you don't have to worry about any additional fees or charges for currency conversion. However, it's worth noting that there may still be fees imposed by the local bank or merchant, so it's always a good idea to check with them beforehand. Overall, Coinbase Card aims to provide a seamless and cost-effective way for users to spend their digital currencies abroad.
- denton6bursadispoliklinigiOct 22, 2021 · 4 years agoWhen it comes to handling foreign transaction fees, Coinbase Card has got you covered. They convert your digital currency into the local currency at the best available exchange rate, without any additional fees. This means that you can use your Coinbase Card anywhere in the world without worrying about hidden charges. However, it's important to keep in mind that there may still be fees imposed by the local bank or merchant, so it's always a good idea to check with them before making any transactions. With Coinbase Card, you can enjoy the convenience of using digital currencies while traveling without the hassle of high fees.
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