What is the CoinSpot Mastercard?
The CoinSpot Mastercard allows users to spend their cryptocurrencies in-store or online through any retailer that accepts Mastercard payments. It is the most versatile crypto card in Australia allowing investors to spend over 370 cryptocurrencies instantly with support for Apple Pay and Google Pay.
What are the CoinSpot Card Fees?
The CoinSpot Crypto Card has one of the most competitive fee structures in Australia. They currently charge zero annual or startup fees, which means you can receive and retain your CoinSpot Mastercard at no cost. That said, they do charge a 1% conversion fee when using the card for a transaction.
For a full breakdown of their fee schedule, read our comprehensive CoinSpot Review.
How do I sign up for the CoinSpot Mastercard?
The process to sign up for your CoinSpot Mastercard is simple and can be done directly through their iOS or Android app. Simply follow the 4-step guide below to get access to your Crypto Card for free.
- Download the CoinSpot iOS or Android app.
- Sign into your account and select the Profile button at the top of your screen.
- Select the 'CoinSpot Mastercard' button.
- Contact Support to request your Mastercard and they will respond within 24 hours.
Can I spend Coins Staked on CoinSpot?
No, you cannot spend coins that are staked on CoinSpot Earn that are earning interest on the platform. These coins are effectively locked until you unstake them, at which point you will then be able to use them to buy products in-store with the CoinSpot Mastercard.
What are the daily limits on the CoinSpot Mastercard?
The daily spend limit for users in Australia for the CoinSpot Mastercard is $4,999 over 24 hours. At the time of writing, you cannot exceed this limit by request to the CoinSpot support team, but this may change over time.
The CoinSpot Mastercard is another valuable addition to CoinSpot's ever-growing suite of crypto native products. The card allows investors to easily spend cryptocurrencies with Apple Pay, Google Pay or physically in-store with their sleek new prepaid card for low transaction fees. With over 370 cryptocurrencies available to spend, it makes the product Australia's best crypto card.
This new product makes CoinSpot the most feature-rich platform in Australia with a wide range of products including instant trading, an NFT Marketplace and NFT Wallet, cryptocurrency staking and much more. For more information on the CoinSpot card, we recommend that you check out their extended FAQs.