Coinbase’s crypto debit card is launching in the U.S. and lets users earn back bitcoin

Crypto exchange Coinbase is launching a Visa debit card in the U.S. next year.

Sharing the news with The Block on Wednesday, Coinbase said it opened up a waitlist for U.S. customers who wish to get the card and will start distributing them “in the first half of next year.” Debit cards for Coinbase customers are currently available in the U.K. and EU.

Coinbase Card is a Visa debit card that allows users to spend their cryptocurrency funds directly from their Coinbase accounts. The card is accepted at any retailer that accepts Visa debit cards.

Notably, the card will come with spending rewards — specifically, U.S. residents can opt to earn 1% back in bitcoin (BTC) or 4% back in Stellar lumens (XLM).

Coinbase said the card’s U.S. launch is a “significant milestone,” as it would help