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New Coinbase card rewards?!

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by COINS NEWS 117 Views

New Coinbase card rewards?!

I happened to noticed some new crypto reward options on my Coinbase app earlier.

  • 1% Bitcoin
  • 1% Ethereum
  • 1% Dogecoin
  • 1% Dai
  • 4% Rally
  • 4% Amp
  • 4% Graph
  • 4% Stellar Lumens
  • 1% Algorand *New*
  • 1% Solana *New*
  • 2% BTC *New*

https://preview.redd.it/xs2scu7l6ur81.jpg?2880&format=pjpg&auto=webp&s=3d1863a712565bc60eb060e536b913a2509f1124

This intrigued me. It's nice to see ALGO and SOL join the list. But what is going on with the BTC reward? So I can choose between 1% Bitcoin or 2% BTC? That doesn't make any sense.

If the 2% BTC is legit, than I think that could potentially beat out the 4% altcoins. Before, it was financially worthwhile to get a 4% altcoin and convert it to Bitcoin or Eth instead of picking the 1% reward. Now, it's a little less clear. Obviously 4>2 still. But when you convert, you either pay a fee or get an unfavorable conversion rate. And also, converting or selling is a taxable event. So since I'm planning on just hodling BTC long term, I would be better off just getting 2% BTC and then I don't have to worry about conversions.

submitted by /u/fartmitten
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