Starting today, Coinbase customers in the EU and Australia are able to instantly spend their cryptocurrency balances on e-gift cards, making us the first trading platform to offer direct withdrawals into e-gift cards.
By partnering with WeGift, our customers can now spend their crypto with all their favourite retailers, like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and many more.
Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts. From converting bitcoin into Uber credits or ether into a Nike shopping spree, customers will have greater flexibility and control over how they use their crypto.
This new service is currently available in the UK, Spain, France, Italy, Netherlands and Australia, and we’ll be expanding the number of retailers and markets over the next three months, as well as looking to expand into other countries soon after.
If you’d like to make your first e-gift card purchase with your Coinbase account, visit wegift.io/coinbase to get started.
Making crypto easier to use, trade and spend is a core part of our efforts to improve the customer experience. With the launch of e-gift cards, customers now have the option to spend their crypto balances, realising its value to buy tangible things or experiences.
Based Blockchain Network