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Coinbase Removes Waitlist for Its Bitcoin Rewards Credit Card

Coinbase opens access to its One Card, offering up to 4% Bitcoin rewards, after eliminating the waitlist and enhancing accessibility for users.

BTC

Summary

Coinbase has removed the waitlist for its Coinbase One Card, developed in partnership with American Express. The card offers users up to 4% Bitcoin rewards based on crypto holdings, with a starting 2% cashback that increases with higher crypto deposits. Early cardholders have deposited over $200 million, spending over $100 million in total.

Terms & Concepts
  • Bitcoin Rewards Credit Card: A payment card that offers Bitcoin as cashback or loyalty rewards for user purchases instead of traditional points or cash.
  • Coinbase One Card: A credit card offered by Coinbase that allows users to earn Bitcoin rewards on transactions and integrates with the Coinbase platform.