Summary: Australia's largest digital asset exchange, CoinSpot has recently unveiled its CoinSpot Mastercard product. The new CoinSpot crypto card allows users to spend any of the 420 tokens available on purchases in-store or online, anywhere that Mastercard is accepted. There are no credit checks or eligibility requirements for this card, and you simply need to have a CoinSpot account to apply for it.
- Australia's most versatile Crypto Card supporting over 370 Cryptocurrencies.
- CoinSpot Mastercard seamlessly integrates with Apple Pay and Google Pay for iOS & Android users.
- Zero upfront fees or annual fees to acquire and retain the CoinSpot Mastercard.
What is the CoinSpot Mastercard?
The CoinSpot Mastercard is a digital, prepaid, and reloadable card designed to offer seamless transactions for both cryptocurrency and Australian dollars (AUD). Available exclusively for smartphones, the card integrates with Apple Wallet and Google Wallet and can be managed via the CoinSpot App on iOS and Android devices.
To get started, users must have a fully verified CoinSpot account. The card is issued by EML Payment Solutions Limited and promoted by Casey Block Services Pty Ltd, trading as CoinSpot. It offers various features such as setting or changing PINs, topping up the card, and understanding fees and daily limits. This card aims to bridge the gap between digital currencies and traditional financial systems, offering a convenient way for users to access their funds.
How to Get CoinSpot Mastercard
To obtain the CoinSpot Mastercard, the first step is to have a fully verified account. If you don't already have an account, you'll need to sign up on the platform and complete the verification process, which usually involves submitting identification documents and possibly going through additional checks. Once your account is verified, you can proceed to apply for the CoinSpot Mastercard.
Follow this easy guide below to access the CoinSpot cryptocurrency card for free:
- Download the CoinSpot app on your iOS or Android device.
- Create a free account or sign in 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.
CoinSpot Card Fees
CoinSpot has the most competitive fee structure in Australia. The exchange currently charges zero annual or startup fees, which means you can receive and retain your CoinSpot Mastercard at no cost. That said, all transactions on the card as subject to a 1% conversion fee for crypto-to-fiat trading.
Can I Spend Crypto Staked on CoinSpot?
No, you cannot spend coins that are staked on CoinSpot Earn as they are earning interest on the platform and are locked in the staking feature. 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 Mastercard. Your staked tokens can be unstaked anytime, as CoinSpot has flexible staking terms. To learn more about the Earn program, visit our CoinSpot staking guide.
CoinSpot Mastercard Daily Limit
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.
To recap, the CoinSpot Mastercard is another valuable addition to the exchange's ever-growing suite of crypto related 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 420 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 visiting our detailed CoinSpot Review.