Monday, 15 July 2019
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CoinsBank Review

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Coinsbank is a prepaid debit card which was launched in 2016 and headquartered in Edinburgh Scotland. Spending your bitcoins is not an easy task and choosing the correct debit card will not only help you spend the bitcoins easily, but also help you get the best discounts, save some bitcoins, due the cards flexibly throughout the world with lesser prices. CoinsBank comes with some amazing trading options and universal payment solutions. In this review we will learn more about this trending bitcoin prepaid card.

CoinsBank debit card

What is coinsbank?

Coinsbank is a prepaid debit card which was launched in 2016. It may not be a very old and experienced player in the market of debit cards, but an experienced team behind the card is unavoidably strong with a cryptocurrency background. It is also considered as a single stop blockchain solution which consists of a wallet, debit card, and quick currency exchange platforms.

Features

Coinsbank is one of the newbies in the world of debit cards, but still enriched with some unique features. 

Supported Currencies: USD, EUR, GBP , RUB, CHF, AUD, JPY

Has An App: Yes. The Android and iOS both options are available for CoinsBank users

Is it Anonymous: Yes

Is it available as a Physical Card: Yes

Is it available as a Virtual Card: Yes 

Type of card: VISA

Fees of Coinsbank:

  • Monthly fees: $0.95- $2.95
  • International transaction fee: From 2.5%
  • Loading fee: Free


In which Countries is it available? The debit card can be availed in any of the countries in the world, but some special cards are not available in India, US and some African countries.

Some detailed features of coinsbank

Dashboard of CoinsBank

User experience 

Navigation and scrolling in coinsbank are very easy and simple. The theme is designed with a pleasing blue shade and all the buttons perfectly set for exploring the different features of coinsbank. All the necessary information for the users like current prices on different exchanges is shown on the dashboard. The website also has a perfectly designed view of charts describing different analysis.

On the dashboard, you can browse the tabs for general information, your profile, account details, card ordering facility and exchange options.

The users seem quite pleased and satisfied with the services of coinsbank. From the user interface to the customer support, the users have experienced flexibility and hassle free usage. Emails and ticket raising facility is available for reaching the customer support team.

CoinsBank wallet

Services provided 

The services provided by CoinsBank are quite unique and different from other debit cards. It supports multiple fiat currencies like JPY, AUD and CFH apart from the regular currencies. Also, the users can access the debit card and wallet using high end websites or applications. These currencies can be used with plastic cards as well with virtual cards. The rate of delivery is 4.95 EUR which is quite competitive.

There are different types of cards like no name cards- for privacy, no name limited cards-with low limits, named card with low fees and commissions, named white cards for low commissions and no monthly maintenance fees, virtual cards and virtual prepaid cards which are preloaded.

The digital money can be used at stores or online. The verification is done through proof of identity and residence. It also offers cash backs for different amounts spent using the cards which is a treat for the users.

Security of coinsbank

There is nothing more intense or informative about the security features mentioned in the FAQ segment, but Coinsbank allows basic encryption and the usage of passwords for providing basic security. The platform is considered to be protected from thefts, hacks and login issues.

Users cannot login just with the help of password and username. The platform asks for number, password and a confirmation code to verify the user and then log in. Without the conformation code, the user cannot log in and has to follow a few other steps for making sure it is his/her account.

The option for 2 factor authentication is also provided to the users to improve security. The system would require conformation code whenever you wish to access your account.

Support: CoinsBank is used for bitcoin and litecoin transactions

Pros/cons of CoinsBank card

Pros:

  • Users are well satisfied with the design and usability
  • The debit card is available for ample of fiat currencies which are offered by very few other bitcoin debit cards
  • It also supports litecoins other than bitcoins
  • There are different cards for users who want to keep their transactions private
  • Users get cashbacks and offers and thus, are tempted towards using the debit card
  • The security is robust and strong
  • The website is pleasing and customer support is effectively designed

Cons

  • The fee structure and usage of different cards is confusing and complicated
  • Lack of transparency
  • Free shipping is not available for all the users
  • For virtual and named cards, registrations of US citizens and some other citizens are not accepted

Final verdict CoinsBank

As per the services offered, it is truly a single stop solution for multiple digital payment options. The interface is simple and user friendly and signing up and verification is quite simple. Apart from the fee structure, this debit card is a wonderful option.

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