US Individual User Agreement — July 22, 2026 version

Coinbase · agreement dated July 22, 2026 · Official agreement

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Charges & Financial Obligations · Company practice

Coinbase does not broker trades for you; trades execute automatically per your order parameters

Unless a specific product says otherwise, Coinbase does not broker trades on your behalf. All Coinbase trades are executed automatically based on your order parameters and in accordance with posted trade execution procedures. Section 3.2 separately says that on the Coinbase Site Coinbase acts as your agent to facilitate trades between you and other customers.

Supporting quotations

Coinbase does not broker trades on your behalf unless otherwise specified on a specific product.
All Coinbase trades are executed automatically, based on the parameters of your order instructions and in accordance with posted trade execution procedures.

Qualifications & exceptions

  • Applies unless otherwise specified for a specific product.

Not stated here

  • The posted trade execution procedures are not supplied.

Charges & Financial Obligations · Restriction or exception

You acknowledge Digital Assets can lose value and you may lose money

You acknowledge that the value of Digital Assets can rise or fall and that there is substantial risk of losing money buying, selling, holding or investing in them. Coinbase tells you to consult a financial, legal or tax professional and consider whether trading or holding is suitable for you.

Supporting quotations

the value of Digital Assets can increase or decrease and there can be a substantial risk that you lose money buying, selling, holding, or investing in Digital Assets
You should consult your financial advisor, legal or tax professional regarding your specific situation and financial condition and carefully consider whether trading or holding Digital Assets is suitable for you.

Charges & Financial Obligations · Restriction or exception

Coinbase is not SEC-registered; Digital Assets carry no FDIC or SIPC protection (USD cash: see 2.8)

Coinbase states it is not registered with the U.S. Securities and Exchange Commission and does not offer securities services in the United States or to U.S. persons. You acknowledge Digital Assets are not covered by FDIC or Securities Investor Protection Corporation protections or insurance. This applies to Digital Assets; Section 2.8 separately describes how USD held as cash in a USD Wallet may have pass-through FDIC or NCUSIF insurance, subject to conditions, and says Coinbase itself is not an insured bank.

Supporting quotations

Coinbase is not registered with the U.S. Securities and Exchange Commission and does not offer securities services in the United States or to U.S. persons.
You acknowledge that Digital Assets are not subject to protections or insurance provided by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.
Our custodial cash accounts have been established in a manner to make available pass-through FDIC or NCUSIF insurance available up to the per-depositor coverage limit then in place (currently $250,000 per individual).
Coinbase is not an FDIC-insured bank or NCUSIF-insured credit union.

Qualifications & exceptions

  • The no-insurance acknowledgement is about Digital Assets; USD cash balances are addressed in Section 2.8.

Charges & Financial Obligations · Company practice

USD cash is pooled in custodial accounts and may be invested; Coinbase keeps the earnings but not for operating expenses

Your USD Wallet holds and transfers US dollars. To the extent your USD is held as cash, the balance is kept in pooled custodial accounts at one or more FDIC- or NCUSIF-insured institutions. Coinbase may also place funds in liquid investments, such as U.S. treasuries or government money market funds, in line with state money transmitter laws, and your funds may be held in any of these ways. Coinbase owns the interest or other earnings on those investments, and says it will not use customer funds for operating expenses or other corporate purposes. You agree Coinbase, acting in good faith in the regular course of business, is custodian of depository records for your cash.

Supporting quotations

Your USD Wallet allows you to hold and transfer USD with your Coinbase Account as described in Section 3 below.
To the extent your USD is held as cash, the balance of your USD Wallet is maintained in pooled custodial accounts at one or more financial institutions insured by the Federal Deposit Insurance Corporation (“FDIC”) or the National Credit Union Share Insurance Fund (“NCUSIF”).
Coinbase may also place your funds in liquid investments, which may include but are not limited to U.S. treasuries or U.S. government money market funds, in accordance with state money transmitter laws. Your funds may be held in any one of these manners.
Coinbase owns the interest or other earnings on these investments. Coinbase will not use customer funds for its operating expenses or any other corporate purposes.
You agree that Coinbase, acting in good faith and in the regular course of business, is the custodian of depository records for your cash held at financial institutions.

Qualifications & exceptions

  • Applies 'to the extent your USD is held as cash'; funds may instead be in liquid investments.

Charges & Financial Obligations · Company commitment

USD cash may get pass-through FDIC or NCUSIF insurance up to $250,000, under conditions; Coinbase is not insured

Coinbase's custodial cash accounts are set up to make pass-through FDIC or NCUSIF insurance available up to the per-depositor limit in place, currently $250,000 per individual. Availability depends on factors including Coinbase having correct information about you and keeping accurate records, and on the determination of the relevant federal regulator as receiver when a bank or credit union holding a custodial account fails. Coinbase says it is not an FDIC-insured bank or NCUSIF-insured credit union, and links to a list of insured institutions where it may deposit customer funds. This addresses USD held as cash, not Digital Assets, which the opening risk notice says have no FDIC or SIPC protection.

Supporting quotations

Our custodial cash accounts have been established in a manner to make available pass-through FDIC or NCUSIF insurance available up to the per-depositor coverage limit then in place (currently $250,000 per individual).
Availability of pass-through insurance is contingent upon factors including Coinbase having correct information about you as a customer and maintaining accurate records, and on the determination by the relevant federal regulator as receiver, at the time of a receivership of a bank or credit union holding a custodial account.
Coinbase is not an FDIC-insured bank or NCUSIF-insured credit union.
The current list of the insured depository institutions at which Coinbase may deposit customer funds is located [here]

Qualifications & exceptions

  • Pass-through coverage is contingent on Coinbase having correct information and accurate records, and on the federal regulator's determination at the time of a receivership.
  • The $250,000 figure is the limit 'currently' in place and may change.

Not stated here

  • The linked list of insured depository institutions was not supplied.

Cross-references

Charges & Financial Obligations · Restriction or exception

USDC is issued by Circle, not Coinbase; Coinbase holds no USDC reserves and need not repurchase it

You may buy USD Coin (USDC) from Coinbase. USDC is a Digital Asset issued by Circle Internet Financial and supported by Coinbase, and you own the balance of your USDC Wallet. Coinbase is not the issuer, does not hold reserves for USDC and has no obligation to repurchase it for USD. You can redeem USDC with Circle, and Coinbase may also choose to repurchase it for USD. You agree to be bound by the Circle USDC User Agreement, which adds obligations, undertakings and limitations.

Supporting quotations

a Digital Asset issued by Circle Internet Financial (“Circle”) and supported by Coinbase
You are the owner of the balance of your USDC Wallet.
Coinbase is not the issuer of USDC, does not hold reserves for USDC, and has no obligation to repurchase your USDC for USD.
You can redeem your USDC with Circle, and Coinbase may also elect to repurchase your USDC in exchange for USD.
You agree to be bound by the terms of the Circle USDC User Agreement

Not stated here

  • The Circle USDC User Agreement is linked but its text was not supplied.

Charges & Financial Obligations · Procedure

USD loads clear in about five business days; name on the bank account must match

You can load funds into your USD Wallet from a valid bank account by ACH or wire transfer. Your USD balance is pending and not credited until the bank transfer clears, usually within five business days, and Coinbase may debit your linked bank account as soon as you initiate payment. The name on your linked bank account and wire transfer must match the name verified on your Coinbase Account.

Supporting quotations

You can load funds into your USD Wallet from a valid bank account via ACH transfer or wire transfer.
Your USD balance is in a pending state and will not be credited to your USD Wallet until after the bank transfer has cleared, usually within five (5) business days.
We may debit your linked bank account as soon as you initiate payment.
The name on your linked bank account and your wire transfer must match the name verified on your Coinbase Account.

Qualifications & exceptions

  • Five business days is 'usually', not guaranteed.

Charges & Financial Obligations · Company practice

On the Coinbase Site Coinbase acts as your agent to match you with other customers, not as buyer or seller

When you buy or sell Supported Digital Assets on the Coinbase Site, you are not buying from or selling to Coinbase. Coinbase acts as your agent, transacting on your behalf to facilitate the purchase or sale between you and other Coinbase customers. The clause says this does not include transactions with Third Party Services, which are defined elsewhere.

Supporting quotations

you are not buying Supported Digital Assets from Coinbase or selling Supported Digital Assets to Coinbase
Coinbase acts as the agent, transacting on your behalf, to facilitate that purchase or sale between you and other Coinbase customers.
which, for clarity, does not include transactions with Third Party Services (as defined below)

Qualifications & exceptions

  • Excludes transactions with Third Party Services.

Cross-references

Charges & Financial Obligations · Procedure

Valid payment methods, five-second confirmation window, and settlement timing for purchases and sales

You can buy Supported Digital Assets with USD Wallet funds, certain Digital Asset Wallet assets as permitted by Coinbase, a matching-name bank account, a matching-name debit or credit card, Google Pay, Apple Pay, PayPal or a Coinbase gift card (each a Valid Payment Method). Coinbase may cancel a transaction you do not confirm within five seconds after it quotes a price. Purchases generally start on the business day Coinbase receives instructions, and assets are usually deposited in your wallet instantly. You can sell or send purchased assets only once funds settle to Coinbase, which for a bank account or card usually takes up to five business days. Sales can be deposited to your USD Wallet or, where supported, a Digital Asset Wallet.

Supporting quotations

You can purchase Supported Digital Assets on the Coinbase Site using: (i) funds in your USD Wallet; (ii) Supported Digital Assets held in certain Digital Asset Wallets, as permitted by Coinbase; (iii) a valid bank account in the name that matches the name on your Coinbase Account; (iv) a debit or credit card that matches the name on your Coinbase Account; (v) Google Pay; (vi) Apple Pay; (vii) PayPal; or (viii) a Coinbase gift card (each a "Valid Payment Method").
Coinbase reserves the right to cancel any transaction not confirmed by you within five (5) seconds after Coinbase quotes a transaction price.
A purchase of Supported Digital Assets using a Valid Payment Method generally will initiate on the business day we receive your instructions.
You will be able to sell or send Purchased Digital Assets as soon as funds have settled to Coinbase, which in the case of a bank account or credit or debit card usually takes up to five (5) business days.
You can sell Supported Digital Assets and instruct Coinbase to deposit funds into your Coinbase USD Wallet or, where supported, a Digital Asset Wallet.

Qualifications & exceptions

  • Timings are 'generally' or 'usually'; settlement for bank and card purchases can take up to five business days.

Charges & Financial Obligations · Company commitment

Coinbase rejects orders it cannot complete and does not charge for rejected transactions

If Coinbase cannot complete a Digital Asset Transaction for any reason, such as price movement, market latency, inability to find a counterparty or order size, it rejects the order and notifies you. You are not charged for a rejected transaction.

Supporting quotations

If Coinbase cannot complete your Digital Asset Transaction for any reason (such as price movement, market latency, inability to find a counterparty for your transaction, or order size), Coinbase will reject the order and notify you of such rejection. You will not be charged for a rejected transaction.

Charges & Financial Obligations · Permission or license

You pay all fees and any spread; Coinbase may change pricing, with 30 days' notice only in some states

Coinbase generally makes money when you buy or sell Supported Digital Assets, and a description of how fees are calculated is on a linked pricing page. By using the Services you agree to pay all fees and, depending on the service, a spread. Coinbase may adjust pricing, fees and waivers at any time, but it may give at least 30 days' prior notice of certain pricing, terms or policy changes to users in some states where the law requires it. It will tell you the final price of each transaction, including pricing and fees, when you authorize it and in each receipt. It may charge network (miner) fees, calculated at its discretion and disclosed at or before authorization. Bank fees charged to Coinbase are netted from transfers, you pay your own provider's fees, and Coinbase will not process a transfer if bank fees exceed its value, though you may deposit more USD to cover them.

Supporting quotations

In general, Coinbase makes money when you purchase or sell Supported Digital Assets on the Coinbase Site.
By using Coinbase Services you agree to pay all fees and, if applicable based on the service, a spread.
While Coinbase reserves the right to adjust its pricing and fees and any applicable waivers at any time, we may provide at least 30 days’ prior notice of certain changes to our pricing schedule, or terms, conditions and policies to users in some states where required by applicable law.
We will also notify you of the final price of each transaction, inclusive of pricing and fees, when you authorize the transaction and in each receipt we issue to you.
We may charge network fees (miner fees) to process a Digital Asset Transaction on your behalf. We will calculate the network fee at our discretion, and notify you of the network fee at or before the time you authorize the Digital Asset Transaction.
Bank fees charged to Coinbase are netted out of transfers to or from Coinbase. You are responsible for paying any additional fees charged by your financial service provider. We will not process a transfer if associated bank fees exceed the value of the transfer. You may be required to deposit additional USD to cover bank fees if you desire to complete such a transfer.

Qualifications & exceptions

  • The 30-day notice is described as something Coinbase 'may' provide, for certain changes, in some states where required by law.
  • Spread is charged 'if applicable based on the service' and is excluded from the fees shown in transaction history (Section 3.7).

Not stated here

  • The linked Pricing and Fees Disclosures page was not supplied, so actual fee amounts are unknown.

Charges & Financial Obligations · Permission or license

Recurring purchases run on your authorization until you cancel; Coinbase may suspend or end them

If you set up recurring Digital Asset Transactions, you authorize Coinbase to initiate recurring electronic payments, such as ACH debits or credits to your linked bank account, until you change the settings on the site. Transactions occur at your chosen intervals until you or Coinbase cancels. Those scheduled for the 29th to 31st run on the earlier of the scheduled date or the month's last day. ACH transactions that fall on a weekend, holiday or after bank hours execute the next business day, with fees at the time of the scheduled date. If your bank cannot process a debit, Coinbase will notify you of cancellation and may use remedies in the Agreement to recover amounts owed. You must tell Coinbase of bank account changes beforehand. Coinbase may suspend or delay recurring transactions without notice, or end them by notice to you.

Supporting quotations

you authorize us to initiate recurring electronic payments in accordance with your selected Digital Asset Transaction and any corresponding payment accounts, such as recurring automated clearing house (ACH) debit or credit entries from or to your linked bank account.
This authorization will remain in full force and effect until you change your recurring transaction settings
Recurring transactions scheduled for the 29th, 30th, or 31st day of a month will be processed the earlier of the date scheduled or on the last day of the applicable month.
If you select a U.S. Bank Account as your payment method for a recurring transaction, and such transaction falls on a weekend or holiday, or after bank business hours, the ACH credit or debit will be executed on the next business day, although the Digital Asset fees at the time of the regularly-scheduled transaction will apply.
If your Bank is unable to process any electronic ACH debit entry, we will notify you of cancellation of the transaction and may use the remedies set forth in this User Agreement to recover any amount owed to Coinbase.
Coinbase may, at any time, suspend or delay recurring transactions without notice or terminate recurring transactions by providing notice to you.

Qualifications & exceptions

  • Suspension or delay may be without notice; termination is by notice.

Charges & Financial Obligations · User right or choice

You cannot withdraw consent to a purchase, except for a future-dated one until the business day before

Once you instruct Coinbase to buy Supported Digital Assets you cannot withdraw consent, unless the purchase is scheduled for a future date, such as a recurring purchase. For that Future Transaction you may withdraw consent until the end of the business day before it is scheduled, following the site's instructions.

Supporting quotations

you cannot withdraw your consent to that purchase unless the purchase is not scheduled to occur until a future date
In the case of a Future Transaction, you may withdraw your consent up until the end of the business day before the date that the Future Transaction is scheduled to take place.
you must follow the instructions on the Coinbase Site

Charges & Financial Obligations · Restriction or exception

Transactions using your credentials are presumed authorized; report problems fast, reimbursement not guaranteed

When a transaction occurs using your credentials, Coinbase assumes you authorized it unless you tell it otherwise. If you believe a transaction was unauthorized or incorrectly carried out, you must contact Coinbase as soon as possible through the help page or by phone. You should regularly check your wallets and transaction history so you can report problems quickly. Reporting an unauthorized transaction does not guarantee Coinbase can reverse it or reimburse you.

Supporting quotations

When a Digital Asset Transaction or USD transaction occurs using your credentials, we will assume that you authorized such transaction, unless you notify us otherwise.
you must contact us as soon as possible via our help page at [https://help.coinbase.com](https://support.coinbase.com/) or by phone at (888) 908-7930 (international call charges may apply).
It is important that you regularly check your USD Wallet, Digital Asset Wallet, and any other wallets accessible through the Coinbase Site and your transaction history to ensure you notify us as soon as possible of any unauthorized or incorrect transactions.
Reporting an unauthorized transaction does not guarantee Coinbase will be able to reverse the transaction or reimburse you for the transaction.

Qualifications & exceptions

  • The presumption of authorization can be rebutted by notifying Coinbase; no reimbursement is guaranteed.

Charges & Financial Obligations · Restriction or exception

Completed or pending transactions cannot be reversed by you; Coinbase may cancel, debit other methods or claw back

You cannot cancel, reverse or change a transaction marked complete or pending. If a payment fails, funds are insufficient or you reverse a bank payment, you authorize Coinbase in its sole discretion to cancel the transaction or debit your other payment methods, including wallet balances, to complete it. You are responsible for overdraft or NSF fees from your payment provider. Coinbase may refuse, cancel, correct, claw back or reverse any Digital Asset Transaction or Transfer in its sole discretion, even after funds are debited, in response to a government order or if it suspects money laundering, terrorist financing, fraud or other financial crime, an erroneous transaction, or a Prohibited Use or Business. It then reverses it with no duty to reinstate the order at the same price. Section 4.4 separately says Digital Asset Transfers cannot be reversed once broadcast to the network.

Supporting quotations

You cannot cancel, reverse, or change any transaction marked as complete or pending.
you authorize Coinbase, in its sole discretion, either to cancel the transaction or to debit your other payment methods, including your USD Wallet or Digital Asset Wallet balances or other linked accounts, in any amount necessary to complete the transaction.
We reserve the right to refuse to process, or to cancel, correct, clawback, or reverse, any Digital Asset Transaction or Transfers in our sole discretion, even after funds have been debited from your account(s), in response to a subpoena, court order, or other government order; or if we suspect the transaction may: involve money laundering, terrorist financing, fraud, or any other type of financial crime; be erroneous; or relate to a Prohibited Use or a Prohibited Business as set forth in the [Prohibited Use Policy]
we are under no obligation to reinstate a purchase or sale order at the same price or on the same terms as the canceled transaction.
Digital Asset Transfers cannot be reversed once they have been broadcast to the relevant Digital Asset network

Qualifications & exceptions

  • Clawback power applies even after funds are debited, in response to a government order or suspected financial crime, error or prohibited use.
  • Digital Asset Transfers broadcast to the network cannot be reversed (Section 4.4).

Not stated here

  • The Prohibited Use Policy is linked but its text was not supplied.

Charges & Financial Obligations · Restriction or exception

Unsupported or mismatched assets sent to Coinbase are lost; any recovery attempt is discretionary and may cost fees

Coinbase has no obligation for unsupported Digital Assets sent to an account or Supported Digital Assets sent to an incompatible wallet address, and you will lose them. For some lost assets Coinbase may, in its sole discretion, offer an attempt at recovery, may charge fees calculated at its discretion and disclosed at or before authorization, and the amount recovered may differ from the estimate. Coinbase does not evaluate the authenticity, safety or security of unsupported assets, and is not liable for any loss during the recovery attempt or later use of recovered assets.

Supporting quotations

Coinbase incurs no obligation whatsoever with regard to unsupported Digital Assets sent to a Coinbase Account or with regard to Supported Digital Assets sent to an incompatible Digital Asset wallet address. If you send unsupported Digital Assets to a Coinbase Account or Supported Digital Assets to an incompatible Digital Asset wallet address, then you will lose those Digital Assets.
For some lost Digital Assets, Coinbase may in its sole discretion offer you the option to attempt a recovery.
We may charge fees to process the recovery attempt on your behalf. We will calculate all fees at our discretion, and notify you of the applicable fees at or before the time you authorize the recovery attempt.
The actual amount recovered may differ from the estimated recovery amount.
Coinbase does not evaluate the authenticity, safety, or security of unsupported Digital Assets. You acknowledge and agree that Coinbase is not liable for any loss incurred during the recovery attempt or subsequent use of the recovered Digital Asset.

Qualifications & exceptions

  • Recovery is offered only 'for some' lost assets and at Coinbase's sole discretion.

Not stated here

  • Fee amounts are on the linked Pricing and Fees page, which was not supplied.

Charges & Financial Obligations · Restriction or exception

Coinbase may change supported assets; you may owe network fees and inbound transfers can stall

Coinbase may from time to time decide which types of Digital Assets are supported or stop supporting them. You may have to pay network or miner fees for an inbound transfer to succeed. Insufficient network fees can leave an inbound transfer pending on a decentralized network outside Coinbase's control. Coinbase is not responsible for delays or losses from an error in initiating the transaction and cannot reverse such transactions.

Supporting quotations

Coinbase may from time to time determine types of Digital Assets that will be supported or cease to be supported.
you may be required to pay network or miner’s fees in order for an Inbound Transfer transaction to be successful
Insufficient network fees may cause an Inbound Transfer to remain in a pending state on a decentralized network outside of Coinbase’s control, and we are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and cannot reverse such transactions.

Charges & Financial Obligations · Restriction or exception

Outbound transfers follow your instruction and cannot be reversed once broadcast; Coinbase disclaims entry errors

Outbound transfers to external wallets are executed at your instruction. You should verify all details before submitting. Coinbase bears no liability if you enter an incorrect address or Destination Tag/Memo or send to an incompatible wallet, and does not guarantee the identity or value received by the recipient. Transfers cannot be reversed once broadcast, though they may be pending while network operators process them, and Coinbase does not control the network or guarantee confirmation. It may cancel or refuse pending outbound transfers as required by law or by any court or authority, and may require you to wait after a transaction before further Services or transactions beyond certain volume limits.

Supporting quotations

such transfers are executed at your instruction by Coinbase. You should verify all transaction information prior to submitting instructions to us.
Coinbase shall bear no liability or responsibility in the event you enter an incorrect blockchain destination address, incorrect Destination Tag/Memo, or if you send your Supported Digital Assets to an incompatible wallet.
We do not guarantee the identity or value received by a recipient of an Outbound Transfer.
Digital Asset Transfers cannot be reversed once they have been broadcast to the relevant Digital Asset network, although they may be in a pending state, and designated accordingly, while the transaction is processed by network operators.
Coinbase does not control the Digital Asset network and makes no guarantees that a Digital Asset Transfer will be confirmed by the network.
We may cancel or refuse to process any pending Outbound Digital Asset Transfers as required by law or any court or other authority to which Coinbase is subject in any jurisdiction.
we may require you to wait some amount of time after completion of a transaction before permitting you to use further Coinbase Services and/or before permitting you to engage in transactions beyond certain volume limits.

Qualifications & exceptions

  • Coinbase may cancel or refuse pending outbound transfers only 'as required by law or any court or other authority'.
  • Waiting periods and volume limits may be imposed before further use of the Services.

Charges & Financial Obligations · Permission or license

Coinbase may debit your account or withhold transfers to recover amounts you owe; Secured USDC is generally protected

If you owe Coinbase amounts under the Agreement, including in your account, Coinbase may debit your account and/or withhold amounts from funds you transfer between your accounts. Secured USDC will not be debited for what you owe, although it may be transferred to a third party under the Coinbase One Card section of Appendix 4. Coinbase may debit Secured USDC if it stops being designated as secured, under the Coinbase One Card with Security Deposit Cardholder Agreement.

Supporting quotations

Coinbase reserves the right to debit your Coinbase Account accordingly and/or to withhold amounts from funds you may transfer between your Coinbase Accounts.
Any Secured USDC will not be debited by Coinbase for any amount you owe to Coinbase
such Secured USDC may be transferred to a third party as further explained in the Coinbase One Card section of Appendix 4.
Coinbase may debit such Secured USDC in the event it is no longer designated as “secured”

Qualifications & exceptions

  • Secured USDC is protected from debits for amounts you owe only while designated as secured.

Charges & Financial Obligations · Restriction or exception

Your transaction volume may be limited, varies by payment method and verification, and Coinbase can change it

Use of the Services may be subject to a limit on the USD volume you can transact or transfer in a given period such as daily. You can see your limits in your account settings. Limits may vary by payment method, verification steps completed and other factors. You can request higher limits through help, but Coinbase may change limits and refuse to raise them in its sole discretion. Appendix 1 adds that Coinbase may require more information or a waiting period before allowing transactions beyond certain volume limits.

Supporting quotations

The use of all Coinbase Services may be subject to a limit on the amount of volume, stated in U.S. Dollar terms, you may transact or transfer in a given period (e.g., daily).
Your transaction limits may vary depending on your payment method, verification steps you have completed, and other factors.
you may submit a request at
Coinbase reserves the right to change applicable limits, and to refuse to raise your limits, as we deem necessary in our sole discretion.
Coinbase may require you to provide or verify additional information, or to wait some amount of time after completion of a transaction, before permitting you to use any Coinbase Services and/or before permitting you to engage in transactions beyond certain volume limits.

Qualifications & exceptions

  • Limits may be changed and increases refused at Coinbase's sole discretion.

Charges & Financial Obligations · Company practice

Dormant funds may be handed to the state as unclaimed property

If Coinbase holds funds in your account, whether fiat or Supported Digital Assets, and has no record of you accessing the Services for several years, applicable law may require it to deliver the funds, or their USD equivalent, to the applicable state or jurisdiction as unclaimed property.

Supporting quotations

6.6. Unclaimed Property. If Coinbase is holding funds (whether fiat currency or Supported Digital Assets) in your account, and has no record of you accessing the Services for several years, applicable law may require Coinbase to deliver any such funds (or their USD equivalent) to the applicable state or jurisdiction as unclaimed property.

Qualifications & exceptions

  • Depends on applicable law and on 'several years' of no recorded access; the period is not specified.

Not stated here

  • The number of years of inactivity is not stated.

Charges & Financial Obligations · Company commitment

Coinbase makes reasonable efforts on bank and card debits and credits but gives no processing-time warranty

Coinbase will make reasonable efforts to process requests for electronic debits and credits involving bank accounts, credit cards and check issuances in a timely manner. It makes no representation or warranty about how long processing takes, which depends on many factors outside its control.

Supporting quotations

Coinbase will make reasonable efforts to ensure that requests for electronic debits and credits involving bank accounts, credit cards, and check issuances are processed in a timely manner but Coinbase makes no representations or warranties regarding the amount of time needed to complete processing which is dependent upon many factors outside of our control.

Charges & Financial Obligations · Procedure

Requests for larger limits require Enhanced Due Diligence, may cost extra and are not guaranteed

You can contact Coinbase to request larger limits. Coinbase will require you to submit to Enhanced Due Diligence, additional fees and costs may apply, and Coinbase does not guarantee it will raise your limits.

Supporting quotations

You may contact us at [https://help.coinbase.com](https://help.coinbase.com/) to request larger limits. Coinbase will require you to submit to Enhanced Due Diligence. Additional fees and costs may apply, and Coinbase does not guarantee that we will raise your limits.

Qualifications & exceptions

  • Enhanced Due Diligence is required for the request; fees and costs 'may apply'.

Not stated here

  • The Enhanced Due Diligence process and any fees are not described.

Charges & Financial Obligations · Company commitment

California: the Coinbase Fee is capped at $10 under $200 and 6% above that, with the actual fee shown at order time

For California residents, Coinbase charges a Coinbase Fee when you buy, sell or convert cryptocurrency, which may be discounted by payment method. For cryptocurrency valued under $200 the fee will not exceed $10; for all other transactions it will not exceed 6% of the USD value. The fee you actually pay is calculated and displayed when you place the order and may depend on payment method, order size, market conditions and jurisdictional location. A link covers other fees.

Supporting quotations

California Please note the following disclosures for California resident customers of Coinbase, Inc.:
Coinbase charges a Coinbase Fee when you buy, sell, or convert cryptocurrencies. The Coinbase Fee may be discounted based on the payment method you select. For transactions involving cryptocurrency valued under $200, the Coinbase Fee will not exceed $10. For all other transactions, the Coinbase Fee will not exceed 6% of the USD value of the cryptocurrency. Despite these maximums, the Coinbase Fee you will actually pay (which will not exceed the maximum) is calculated and displayed to you at the time you place your order and may be determined by a combination of factors, like your selected payment method, the size of the order, market conditions, and/or jurisdictional location. Please [see here](https://help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees) for more information regarding other fees.

Qualifications & exceptions

  • Maximums apply to the Coinbase Fee only; other fees are described on a linked page.
  • The actual fee varies within the cap based on payment method, order size, market conditions and/or jurisdictional location.

Not stated here

  • The linked fees page was not supplied, so other fees are unknown.

Cross-references

Charges & Financial Obligations · Restriction or exception

California: crypto transactions may be irreversible and may be treated as made when recorded on the public ledger

California residents are told that virtual currency transactions may be irreversible, so losses from unauthorized, fraudulent or accidental transactions or transfers may not be recoverable. Some transactions are deemed made when recorded on a public ledger, which is not necessarily when you initiate them.

Supporting quotations

Transactions in virtual currency may be irreversible, and, accordingly, losses due to unauthorized, fraudulent, and accidental transactions or transfers may not be recoverable.
Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction.

Charges & Financial Obligations · Restriction or exception

Connecticut: transactions are irreversible, losses from fraud may be unrecoverable, and scams often use virtual currency

Connecticut disclosures warn that losses from fraudulent or accidental transactions may not be recoverable and virtual currency transactions are irreversible. They add that scammers target customers, for example by impersonating a loved one, threatening jail time, claiming identity theft, insisting the customer withdraw bank money to buy cryptocurrency, or alleging the customer's computer was hacked.

Supporting quotations

Connecticut Please note the following disclosures associated with virtual currency:
WARNING: LOSSES DUE TO FRAUDULENT OR ACCIDENTAL TRANSACTIONS MAY NOT BE RECOVERABLE AND TRANSACTIONS IN VIRTUAL CURRENCY ARE IRREVERSIBLE.
Virtual currency transactions are irreversible and are used by persons seeking to defraud customers, including, but not limited to, a person impersonating a customer's loved one, threatening jail time, stating that a customer's identity has been stolen, insisting that a customer withdraw money from the customer's bank account and purchase cryptocurrency or alleging a customer's personal computer has been hacked.

Charges & Financial Obligations · Restriction or exception

Connecticut: not government-backed or insured (FDIC, NCUA, SIPC); the bond may not cover all losses

Connecticut disclosures say virtual currency is not backed or insured by the government and accounts and value balances lack FDIC, National Credit Union Administration or SIPC protections. Any bond Coinbase maintains for customers may not be enough to cover all customer losses.

Supporting quotations

Virtual currency is not backed or insured by the government and accounts and value balances are not subject to Federal Deposit Insurance Corporation, National Credit Union Administration or Securities Investor Protection Corporation protections.
Any bond maintained by Coinbase for the benefit of the customers of Coinbase may not be sufficient to cover all losses incurred by such customers.

Charges & Financial Obligations · Restriction or exception

Connecticut: value can be lost permanently, prices are volatile, and some transactions count when recorded on-ledger

Connecticut disclosures state that some transactions are deemed made when recorded on a public ledger, which may differ from when the customer initiates them. Virtual currency value may rest on market participants' continued willingness to exchange fiat for it, so it can lose all value permanently if the market disappears. Price volatility and unpredictability against fiat may cause significant losses in a short time.

Supporting quotations

Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which may not be the date or time when the customer initiates the virtual currency transaction
The value of virtual currency may be derived from the continued willingness of market participants to exchange fiat currency for virtual currency, which may result in the permanent and total loss of the value of a particular virtual currency, if the market for that virtual currency disappears.
The volatility and unpredictability of the price of virtual currency relative to fiat currency may result in a significant loss over a short period of time.

Charges & Financial Obligations · Restriction or exception

Louisiana: virtual currency is uninsured, not legal tender, regulation-sensitive and possibly irreversible

Louisiana disclosures say virtual currency is not legal tender, is not backed by the U.S. government, and balances lack FDIC or SIPC protection. Legislative and regulatory changes may adversely affect its value, and virtual currency transactions may be irreversible so losses from fraudulent or accidental transactions may not be recoverable.

Supporting quotations

Please note the following disclosures associated with virtual currency:
Virtual currency is not legal tender in the United States, is not backed by the United States government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the value of virtual currency.
Transaction in virtual currency may be irreversible, and accordingly, losses due to fraudulent or accidental transactions may not be recoverable.

Charges & Financial Obligations · Restriction or exception

Louisiana: ledger timing, loss of market value, limited surety bond, and a prompt to research first

More Louisiana disclosures say some virtual currency transactions may be immediately effective when recorded on a public ledger, which is not necessarily when the customer initiates them. Value depends on market participants' continued willingness to exchange legal tender for it, so a market decline or collapse could mean permanent total loss. Any surety bond required by law may not cover all customer losses, and customers should research before purchasing or investing. The text then points to the Global Privacy Policy.

Supporting quotations

Some virtual currency transactions may be immediately effective when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction.
The value of virtual currency may be derived from the continued willingness of market participants to exchange legal tender for virtual currency, which may result in the potential for permanent and total loss of value of a particular virtual currency if the market for the virtual currency declines or collapses for an extended period of time.
Any surety bond required by law for the benefit of customers may not be sufficient to cover all losses incurred by customers.
Customers should perform research before purchasing or investing in virtual currency.
Please see Coinbase’s Global Privacy Policy, which describes how Coinbase collects, uses and discloses personal information.

Not stated here

  • The Global Privacy Policy is referenced but its text was not supplied.

Charges & Financial Obligations · Company commitment

Minnesota: virtual currency is not legal tender or insured; Coinbase Fee capped at $10 under $200 and 6% otherwise

Minnesota disclosures say virtual currency is not legal tender, is not backed by the U.S. government, and balances lack FDIC or SIPC protection. They also state the Coinbase Fee, which may be discounted by payment method, will not exceed $10 for cryptocurrency valued under $200 and will not exceed 6% of USD value for other transactions. The actual fee is shown when you place the order and can depend on payment method, order size, market conditions and jurisdiction.

Supporting quotations

Please note the following disclosures associated with virtual currency:
Virtual currency is not legal tender in the United States, is not backed by the United States government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
Coinbase charges a Coinbase Fee when you buy, sell, or convert cryptocurrencies. The Coinbase Fee may be discounted based on the payment method you select. For transactions involving cryptocurrency valued under $200, the Coinbase Fee will not exceed $10. For all other transactions, the Coinbase Fee will not exceed 6% of the USD value of the cryptocurrency. Despite these maximums, the Coinbase Fee you will actually pay (which will not exceed the maximum) is calculated and displayed to you at the time you place your order and may be determined by a combination of factors, like your selected payment method, the size of the order, market conditions, and/or jurisdictional location.

Qualifications & exceptions

  • The fee maximums apply to the Coinbase Fee, not to all fees.

Charges & Financial Obligations · Restriction or exception

New York: virtual currency is uninsured, not legal tender, regulation-sensitive and possibly irreversible

New York disclosures say virtual currency is not legal tender, is not backed by the government, and balances lack FDIC or SIPC protection. Legislative and regulatory changes at state, federal or international level may adversely affect use, transfer, exchange and value. Transactions may be irreversible, so losses from fraudulent or accidental transactions may not be recoverable, and some are deemed made when recorded on a public ledger, which may differ from when you initiate them.

Supporting quotations

New York Please note the following disclosures associated with virtual currency:
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of virtual currency.
Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable.
Some virtual currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction.

Charges & Financial Obligations · Restriction or exception

New York: value can vanish, prices are volatile, fraud or Coinbase outages can block access, bond may not cover all

More New York disclosures say value depends on market participants' continued willingness to exchange fiat for virtual currency, with potential permanent total loss if the market disappears, and no assurance that merchants who accept it now will continue. Price volatility can cause significant loss quickly, virtual currency may carry increased fraud and cyber attack risk, and technological difficulties experienced by Coinbase may prevent access to or use of a customer's virtual currency. Any bond or trust account maintained for customers may not cover all losses.

Supporting quotations

The value of virtual currency may be derived from the continued willingness of market participants to exchange fiat currency for virtual currency, which may result in the potential for permanent and total loss of value of a particular virtual currency should the market for that virtual currency disappear.
There is no assurance that a person who accepts a virtual currency as payment today will continue to do so in the future.
The volatility and unpredictability of the price of virtual currency relative to fiat currency may result in significant loss over a short period of time.
The nature of virtual currency may lead to an increased risk of fraud or cyber attack.
The nature of virtual currency means that any technological difficulties experienced by Coinbase may prevent the access or use of a customer’s virtual currency.
Any bond or trust account maintained by Coinbase for the benefit of its customers may not be sufficient to cover all losses incurred by customers.

Charges & Financial Obligations · Company commitment

Rhode Island: virtual currency is not legal tender or insured; Coinbase Fee capped at $10 under $200 and 6% otherwise

Rhode Island disclosures say virtual currency is not legal tender or backed by the U.S. government and balances lack FDIC or SIPC protection. The Coinbase Fee, which may be discounted by payment method, will not exceed $10 for cryptocurrency under $200 and 6% of USD value otherwise, with the actual fee displayed when you place the order.

Supporting quotations

Rhode Island Please note the following disclosures associated with virtual currency:
Virtual currency is not legal tender in the United States, is not backed by the United States government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
Coinbase charges a Coinbase Fee when you buy, sell, or convert cryptocurrencies. The Coinbase Fee may be discounted based on the payment method you select. For transactions involving cryptocurrency valued under $200, the Coinbase Fee will not exceed $10. For all other transactions, the Coinbase Fee will not exceed 6% of the USD value of the cryptocurrency. Despite these maximums, the Coinbase Fee you will actually pay (which will not exceed the maximum) is calculated and displayed to you at the time you place your order and may be determined by a combination of factors, like your selected payment method, the size of the order, market conditions, and/or jurisdictional location.

Qualifications & exceptions

  • Fee maximums apply to the Coinbase Fee only.

Charges & Financial Obligations · Restriction or exception

Washington: fee cap, not legal tender or insured, irreversible transactions, report unauthorized ones quickly

Washington disclosures state the Coinbase Fee, which may be discounted by payment method, will not exceed $10 for cryptocurrency under $200 or 6% of USD value otherwise. Virtual currency is not legal tender or backed by the U.S. government and balances lack FDIC or SIPC protection. Transactions may be irreversible so losses from fraudulent, mistaken or accidental transactions may not be recoverable; you must contact Coinbase as soon as possible if you think a transaction was unauthorized or incorrect, and reporting does not guarantee reversal or reimbursement. Virtual currency may carry increased fraud or cyber attack risk.

Supporting quotations

Washington Please note the following disclosures associated with virtual currency:
Coinbase charges a Coinbase Fee when you buy, sell, or convert cryptocurrencies. The Coinbase Fee may be discounted based on the payment method you select. For transactions involving cryptocurrency valued under $200, the Coinbase Fee will not exceed $10. For all other transactions, the Coinbase Fee will not exceed 6% of the USD value of the cryptocurrency. Despite these maximums, the Coinbase Fee you will actually pay (which will not exceed the maximum) is calculated and displayed to you at the time you place your order and may be determined by a combination of factors, like your selected payment method, the size of the order, market conditions, and/or jurisdictional location.
Virtual currency is not legal tender in the United States, is not backed by the United States government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
Transactions in virtual currency may be irreversible, and, accordingly, losses due to fraudulent, mistaken or accidental transactions may not be recoverable. If you believe you did not authorize a particular transaction or that a transaction was incorrectly carried out, you must contact us as soon as possible. Reporting an unauthorized transaction does not guarantee Coinbase will be able to reverse the transaction or reimburse you for the transaction.
The nature of virtual currency may lead to an increased risk of fraud or cyber attack.

Qualifications & exceptions

  • Fee maximums apply to the Coinbase Fee only.

Charges & Financial Obligations · Permission or license

Coinbase Visa debit Card is issued by Pathward; you must accept the Card Terms and the Pathward Cardholder Agreement

Holding USD or Supported Digital Assets on Coinbase may give you the option to apply for a Coinbase Visa debit Card issued by Pathward National Association. To use it you must agree to the Coinbase Card Terms and the Cardholder Agreement with Pathward. The Card Terms govern how Coinbase provides and you use the Card, including within the site, and should be read together with the Cardholder Agreement and the User Agreement.

Supporting quotations

Coinbase Card. When you hold Fiat Currency denominated in U.S. Dollars (USD) or Supported Digital Assets on Coinbase, you may be given the option to apply for a Coinbase Visa Card (“Card”) issued by Pathward National Association (“Pathward”). The Card is a debit card. To use the Card, you must agree to the Coinbase Card terms (“Coinbase Card Terms”) set out below and to the Coinbase Card Cardholder Agreement with Pathward (“Cardholder Agreement”).
1.1. Role of the Coinbase Card Terms. These Coinbase Card Terms govern the basis upon which Coinbase will provide you with the Card and your use of the Card, including within the Coinbase Site. The Card is issued to you by Pathward and should be read in conjunction with the Cardholder Agreement and this User Agreement.

Qualifications & exceptions

  • The Card is issued by Pathward, not Coinbase.
  • Applying is an option 'you may be given', subject to eligibility.

Not stated here

  • The Pathward Cardholder Agreement was not supplied.

Charges & Financial Obligations · Procedure

The Card spends at merchants and ATMs; you choose USD or a digital asset as your Preferred Spending Currency

The Card can be used to buy goods and services at point of sale terminals, by phone, online or on payment platforms, or to withdraw cash at ATMs that accept Visa. The Card Account at Pathward is linked to your USD Wallet and Digital Asset Wallet. Before using the Card you must choose USD or a Supported Digital Asset as your Preferred Spending Currency, which you can change any time. You may use the Card for transactions under the Cardholder Agreement.

Supporting quotations

1.2. Role of the Card. The Card can be used to purchase goods and services from merchants at point of sale terminals, over the telephone, online, or on payment platforms, or withdraw cash from automated teller machines (“ATMs”) that accept Visa cards (“Card Transactions”).The Card account at Pathward (“Card Account”) will be linked to your USD Wallet and Digital Asset Wallet. You will be required to elect USD in your USD Wallet or a Supported Digital Asset in your Digital Asset Wallet as your default spending currency (“Preferred Spending Currency”) before you can use your Card and can update your Preferred Spending Currency at any time.
1.3. Card Services. Pursuant to the terms of your Cardholder Agreement, you may use the Card to make various Card Transactions.

Charges & Financial Obligations · Permission or license

Spending with a digital asset authorizes Coinbase to sell it to fund Card Transactions in USD

If you select a Supported Digital Asset as your Preferred Spending Currency and use your Card, you authorize Coinbase to facilitate the sale of that asset and to use the proceeds to fund Card Transactions in USD.

Supporting quotations

1.4. Supported Digital Asset as Preferred Spending Currency. When you select a Supported Digital Asset as your Preferred Spending Currency and use your Card, you authorize Coinbase to facilitate your sale of your Supported Digital Asset, the proceeds of which you authorize Coinbase to use to fund Card Transactions in USD.

Charges & Financial Obligations · Company practice

Coinbase sells your asset at the prevailing rate for the purchase price plus fees and moves USD to the Card Account

Coinbase is responsible for facilitating the sale of your Preferred Digital Asset to other Coinbase customers when applicable and transferring funds to your Card Account so payments can go to merchants or to you for ATM withdrawals, in USD. When you spend with a Supported Digital Asset you authorize the sale of that asset from your wallet in the amount of the Purchase Price plus fees and charges described in the Cardholder Agreement, the Card Terms fee section and Section 3.3 (the Total Purchase Price), converted at the prevailing trading rate on Coinbase's trading platform, and the transfer of the Total Purchase Price in fiat from your USD Wallet to the Card Account so Pathward can pay the merchant or you and any Cardholder Agreement fees via the Visa scheme.

Supporting quotations

1.4.1. Role of Coinbase. Coinbase is responsible for facilitating your sale of your Preferred Digital Asset (“Digital Asset Services”) when applicable, to other Coinbase Customers and transferring funds to your Card Account to enable payments to merchants for the purchase of goods and services, and to you for ATM withdrawals, in USD in the amount authorized by the Card Transaction (the “Purchase Price”).
1.4.2. When you select a Supported Digital Asset as your Preferred Spending Currency and use your Card to make a Card Transaction, you authorize the:
1.4.2.1. Sale of your Preferred Digital Asset in the amount of the Purchase Price plus the accompanying fees and charges described in the Cardholder Agreement if applicable and Section 1.11 of these Coinbase Card Terms and Section 3.3 of this User Agreement (together, the “Total Purchase Price”) and converted at the prevailing trading rate on Coinbase’s trading platform (“Exchange Rate”) (the “Total Transaction Price”) from your Digital Asset Wallet; and
1.4.2.2. Transfer of the Total Purchase Price in Fiat Currency from your Coinbase USD Wallet to the Card Account so that Pathward can facilitate the transfer of: (i) the Purchase Price to the merchant (i.e., for the purchase of goods and services) or to you (i.e., for ATM withdrawals); and (ii) any fees and charges described in the Cardholder Agreement, except for any fees and charges described in this User Agreement via the Visa Card Scheme (“Card Scheme”).

Qualifications & exceptions

  • Conversion is at the prevailing trading rate on Coinbase's platform at the time.

Charges & Financial Obligations · Procedure

Physical Cards must be signed and activated; virtual Cards work immediately

You must sign a physical Card as soon as you receive it and activate it before use, following instructions on the packaging or the site. A virtual Card can be used immediately on receipt and needs no activation.

Supporting quotations

1.6. Activating the Card. You must sign a physical Card as soon as you receive it and must activate the Card to be able to use it. Activation instructions are set out on the packaging that the Card is attached to and within the Coinbase Site. A virtual Card can be used immediately upon receipt and does not need to be activated.

Charges & Financial Obligations · Restriction or exception

Report a lost Card or unauthorized transaction at once; Coinbase is not liable for unauthorized transactions

If you believe your Card is lost or stolen, or an error or unauthorized transaction occurred, contact Coinbase Customer Service immediately by phone or email. Coinbase will not be liable for unauthorized transactions. Your liability for unauthorized transactions is covered in Section 3 of the Cardholder Agreement and error resolution in its Section 8.

Supporting quotations

If you believe your Card has been lost or stolen, or that an error or unauthorized transaction has occurred, you should contact Coinbase Customer Service immediately by phone at (888) 908-7930 or email at card@coinbase.com.
Coinbase will not be liable for unauthorized transactions.
See Section 3 of the Cardholder Agreement for more information regarding your liability for unauthorized transactions. See Section 8 of the Cardholder Agreement for information regarding Error Resolution.

Qualifications & exceptions

  • Liability allocation and error resolution are in the Pathward Cardholder Agreement, which was not supplied.

Not stated here

  • The Cardholder Agreement's liability and error resolution terms are unsupplied.

Charges & Financial Obligations · Company commitment

Card transaction timing depends on third parties; usage limits are in the Cardholder Agreement

The maximum execution time of a Card Transaction depends on the merchant, ATM owner, Card Scheme and other service providers. Coinbase will use commercially reasonable endeavors to follow the Card Scheme's settlement timing requirements. Usage limits are set out in Section 4 of the Cardholder Agreement.

Supporting quotations

1.9. Maximum Execution Time. The maximum execution time of the Card Transaction itself is dependent on actions being taken by the merchant, ATM owner, Card Scheme and/or other service providers. Coinbase will use commercially reasonable endeavors to comply with and adhere to the Card Scheme’s settlement timing requirements.
1.10. Usage Limits. The usage limits for the Card are set out in Section 4 of your Cardholder Agreement.

Not stated here

  • The Cardholder Agreement's usage limits were not supplied.

Charges & Financial Obligations · Company practice

Card digital-asset sales carry a spread, not a transaction fee; Cardholder Agreement fees are separate

When Coinbase performs the Digital Asset Services for the Card it charges no transaction fees but includes a spread, as described in the User Agreement. A list of fees is on its pricing page and is separate from fees in the Cardholder Agreement. You are always responsible for the Total Purchase Price in fiat and the Total Transaction Price in the Supported Digital Asset when you make a Card Transaction.

Supporting quotations

When we perform the Digital Asset Services, Coinbase will not charge transaction fees but will include a spread, in accordance with this User Agreement.
You can find a list of our fees and charges on our [Pricing and Fees Disclosures page](https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees) which are separate from any fees and charges included in your Cardholder Agreement.
You are at all times responsible for the Total Purchase Price in Fiat Currency and the Total Transaction Price in Supported Digital Asset when you make a Card Transaction.

Not stated here

  • The pricing page and Cardholder Agreement fees were not supplied; the size of the spread is not stated.

Charges & Financial Obligations · Company practice

Card refunds go to your USD Wallet; excess hold amounts return at the exchange rate when refunded

If you are entitled to a refund for goods or services bought with the Card, it is processed under Section 9(b) of the Cardholder Agreement, and once the merchant posts it Coinbase arranges for it to be refunded to your USD Wallet in fiat. If a transaction involved a preauthorization hold under Section 7(f) of the Cardholder Agreement, once the Total Purchase Price is received Coinbase refunds the remaining amount to your USD Wallet or Digital Asset Wallet in your Preferred Spending Currency, calculated at the exchange rate applicable at the time of the refund.

Supporting quotations

1.12. Refunds. If you are entitled to a refund for any reason for goods or services obtained with your Card, the refund shall be processed in accordance with the terms set out in Section 9(b) of your Cardholder Agreement. Once a refund has been posted by the merchant, we will arrange for it to be refunded to your USD Wallet in Fiat Currency.
1.13. Right to Charge Exchange Rates for Hold Returns. If your Card Transaction is subject to a preauthorization hold as described in Section 7(f) of your Cardholder Agreement, once the amount of the Total Purchase Price is received, we will arrange for any remaining amount to be refunded to your USD Wallet or Digital Asset Wallet (as applicable) in your Preferred Spending Currency, which shall be calculated using the Exchange Rate applicable at the time of refund.

Qualifications & exceptions

  • Hold-return amounts use the exchange rate at the time of refund, not the rate at purchase.

Not stated here

  • Cardholder Agreement Sections 9(b) and 7(f) were not supplied.

Charges & Financial Obligations · Permission or license

Cards are enrolled in a digital asset rewards program; you opt in by choosing a Preferred Digital Asset

Your Card is automatically enrolled in Coinbase's Digital Assets rewards program on activation, and you can opt in by choosing a Supported Digital Asset as your Preferred Digital Asset. You then earn that asset on Card Transactions, except cash withdrawals, purchase or re-load of stored value cards, and payments to financial institutions for merchandise or services or to repay loans, card balances and debts. The reward is the Purchase Price times the Rewards Percentage published in the Card portal, deposited into your Digital Asset Wallet. The program is offered by Coinbase, not Pathward.

Supporting quotations

Your Card will be automatically enrolled in our Digital Assets rewards program (“Rewards Program”) upon activation.
You will then be able to opt-in to the Rewards Program by electing a Supported Digital Asset from a range of Supported Digital Assets that we may offer from time to time (“Preferred Digital Asset”).
After you have opted-in, you will be eligible to earn your Preferred Digital Asset in return for Card Transactions (“Rewards”) except for cash withdrawals, the purchase or re-load of stored value cards and payments made to financial institutions associated with the purchase of merchandise or services or the repayment of loans, credit card balances and debts.
The amount of the Reward for a Card Transaction is calculated by multiplying the Purchase Price by the applicable Rewards Percentage which will be published within the Coinbase Card Portal from time to time. This amount will be deposited into your Digital Asset Wallet in your Preferred Digital Asset.
The Rewards Program is offered by Coinbase and is not a product or service of Pathward.

Qualifications & exceptions

  • Rewards exclude cash withdrawals, stored value card purchases or re-loads, and certain payments to financial institutions.
  • The Rewards Percentage is published in the Card portal and can change.

Not stated here

  • The current Rewards Percentage is not stated in the Agreement.

Charges & Financial Obligations · Restriction or exception

Rewards can be clawed back, are lost in insolvency, and the program can be changed or ended on notice

Coinbase accepts no responsibility for goods or services bought with the Card; disputes go to the merchant. If you get a return, credit or chargeback and Coinbase gave a Reward, it may debit your Digital Asset Wallet the original Reward at the exchange rate when the Card Transaction occurred. Rewards cannot be redeemed once bankruptcy or insolvency proceedings begin by or against you. Coinbase may alter, change or end the program at any time for any reason, which may cancel unredeemed Rewards, on written (including electronic) notice, and may immediately disqualify you for violating the Card Terms or misusing the program in its determination.

Supporting quotations

We accept no responsibility for the goods or services purchased by you with your Card.
If you receive a return, credit, or chargeback related to a Card Transaction from a merchant for any good or service and we have provided you with a Reward for that Card Transaction, we will be entitled to debit your Digital Asset Wallet the amount of the original Reward using the Exchange Rate applicable at the time of the Card Transaction.
Upon the commencement of any proceedings by or against you under any bankruptcy or insolvency law, Rewards cannot be redeemed.
We reserve the right to alter, change and/or terminate the Rewards Program, at any time and for any reason, which may result in the cancellation of unredeemed Rewards, upon written (including electronic) notice to you.
we reserve the right to immediately disqualify you from the Rewards Program if you have violated these Coinbase Card Terms or if you have, in our determination, misused the Rewards Program.

Charges & Financial Obligations · Permission or license

If funds run short Coinbase may debit or offset any of your other Coinbase balances to cover a Card Transaction

If your USD Wallet or the selected Digital Asset Wallet has insufficient funds for a Card Transaction, Coinbase may debit, access or offset all or part of the amount from any other Coinbase Service you use, including any USD or Supported Digital Assets you hold now or later in any wallet or in connection with other Coinbase Services. This includes provisional credit it granted for a disputed Card Transaction that is later resolved in favor of the opposing party.

Supporting quotations

1.17. Right to Debit, Access, or Offset Other Coinbase Services. If for any reason you have insufficient Fiat Currency in your USD Wallet or insufficient Supported Digital Asset in the relevant Digital Asset Wallet selected to fund a Card Transaction, we reserve the right to debit, access, or offset the amount of all or part of the Card Transaction from any other Coinbase Service that you obtain from us, including but not limited to any USD or Supported Digital Assets you hold today, or in the future, in any USD Wallet, Digital Asset Wallet, or in connection with any other Coinbase Services. This includes situations where Coinbase has granted you provisional credit in USD or Supported Digital Assets in connection with a disputed Card Transaction that is later resolved in favor of the opposing party.

Charges & Financial Obligations · Permission or license

Coinbase may restrict, suspend or end Card use immediately on legal, breach, security, crime or payment grounds

Card Transactions or Card use may be restricted, suspended or terminated with immediate effect where Coinbase reasonably believes it is required by contract, law, court or authority; reasonably suspects you of breaching the Card Terms, User Agreement or Cardholder Agreement; has concerns about an erroneous transaction or Card or account security, or suspected fraudulent or unauthorized use; suspects money laundering, terrorist financing, fraud or other financial crime; sees your linked credit, debit or other payment method declined; or your account is subject to pending litigation, investigation or government proceeding, or Coinbase perceives heightened legal or regulatory non-compliance risk. A further ground is insufficient funds.

Supporting quotations

1.18. Restriction, Suspension, and Termination. Card Transactions or your Card use may be restricted, suspended or terminated with immediate effect in situations where:
1.18.1. We are, in our reasonable opinion, required to do so by contract or by applicable law or any court or other authority to which we are subject in any jurisdiction;
1.18.2. We reasonably suspect you of acting in breach of these Coinbase Card Terms (including any provision of this User Agreement), or the Cardholder Agreement;
1.18.3. We have concerns that a Card Transaction is erroneous or about the security of your Card or your Coinbase Account or we suspect the Coinbase Services are being used in a fraudulent or unauthorized manner;
1.18.4. We suspect money laundering, terrorist financing, fraud, or any other financial crime;
1.18.5. If your credit or debit card or any other valid payment method linked to your USD Wallet or Digital Asset Wallet is declined;
1.18.6. Use of your Coinbase Account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your Coinbase Account activity; or

Qualifications & exceptions

  • Several grounds depend on Coinbase's reasonable opinion, suspicion or perception.

Charges & Financial Obligations · Permission or license

Coinbase may change USDC Rewards rates and terms or end the program on notice; rate changes start next month

Coinbase reserves the right to change the USDC Rewards Rate or APY at any time by notice on linked pages and other reasonable means including email. Unless the notice says otherwise, no change takes effect until the first day of the calendar month after notice. It also reserves the right to add, change or delete any provision of these terms and to end the USDC rewards program, or your participation, at any time on notice given the same way.

Supporting quotations

We reserve the right to change the USDC Rewards Rate Annual Percentage Yield at any time by notification [here](https://coinbase.com/accounts) and [here](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/usd-coin-rewards-faq) and by other reasonable means of notice (including e-mail).
Unless otherwise stated in the notice, no change will be effective until the first day of the calendar month after such notice is made.
We reserve the right to add, change, or delete any provision of these terms and to terminate the USDC rewards program, or your participation in the program, at any time upon notice made in the same manner.

Qualifications & exceptions

  • Rate changes take effect from the first day of the following calendar month unless the notice says otherwise; the notice does not give the same delay for term changes or termination.

Charges & Financial Obligations · Context

USDC Rewards Rate, APY and Daily Balance Method are defined

The USDC Rewards Rate is the annual rate of rewards earned on a USDC wallet and does not reflect compounding. The APY reflects total USDC Rewards earned, based on the current rate and end-of-month compounding over a 365-day period. The Daily Balance Method applies the daily periodic rate derived from the APY to the calendar day average of USDC held in your wallet each day. The calculation text elsewhere mentions weekly compounding in the APY, while this definition says end-of-month compounding.

Supporting quotations

“USDC Rewards Rate” means the annual rate of rewards earned on a USDC wallet, which does not reflect compounding.
“USDC Rewards Annual Percentage Yield” or “APY” means the percentage rate reflecting the total amount of USDC Rewards earned, based on the then current USDC Rewards Rate and end of month compounding for a 365-day period.
“Daily Balance Method” means the application of the daily periodic rate (derived from the APY) to the calendar day average of USDC held in your USDC wallet each day.

Qualifications & exceptions

  • The definition of APY refers to end-of-month compounding, while section 1.2 describes the APY as including weekly compounding.

Not stated here

  • Which compounding description controls is not stated.

Charges & Financial Obligations · Company practice

Coinbase stakes as a validator on your behalf; rewards come from the network minus a commission Coinbase can change

If you stake, Coinbase or an affiliate facilitates staking by acting as a transaction validator on the network. Depending on the protocol there may be a delay before assets earn rewards. If Coinbase or an affiliate successfully validates, you may earn a network reward set by the protocol. If the network distributes rewards unstaked, Coinbase will use commercially reasonable efforts to restake them. Coinbase credits earned rewards after receipt, minus a commission published in the Help Center, which Coinbase may change at any time, even after assets are staked. Coinbase One members may opt in to lower commissions for certain assets (Boosted Staking Rewards), and promotional commissions may differ among users, with notice of promotional offers.

Supporting quotations

If you stake your assets with us, Coinbase, or one of its affiliates, will facilitate the staking of those assets on your behalf by acting as a transaction validator on the applicable network for the Supported Digital Asset you stake.
Depending on the protocol, there may be a delay before your assets are eligible to participate in the transaction validation process and earn rewards.
Rewards are determined by the protocols of the [applicable network.]
If the applicable network distributes any rewards in unstaked form, Coinbase will use commercially reasonable efforts to restake those rewards.
Coinbase will credit your account for any earned rewards after receipt by Coinbase, minus a commission.
Coinbase may change these published commissions at any time, including after your assets have been staked.
In addition, Coinbase One members may have the opportunity to opt-in to lower commissions for certain assets, meaning opted-in Coinbase One members will have access to higher net reward rates for those assets (“Boosted Staking Rewards”). Coinbase may also offer lower commissions for certain assets on a promotional basis, and these promotional commissions may differ among Coinbase users. You will be notified if you receive a promotional commission offer.

Qualifications & exceptions

  • Rewards depend on successful validation and the protocol; the commission is published separately and can change after staking.

Not stated here

  • Commission rates are on a linked Help Center page that was not supplied.

Charges & Financial Obligations · Company commitment

Coinbase will replace slashed staked assets unless the cause is a listed exception

Some networks apply slashing to staked assets if the validator incorrectly validates a transaction. Coinbase says it will use commercially reasonable efforts to prevent slashing and, if it happens, will replace your assets unless the penalty results from protocol-level failures such as bugs, maintenance, upgrades or general failure; your acts or omissions; acts or omissions of a third-party service provider; a force majeure event under Section 9.6; acts by a hacker or other malicious actor; or any other event outside Coinbase's reasonable control.

Supporting quotations

Coinbase will use commercially reasonable efforts to prevent any staked assets from slashing
in the event they are, Coinbase will replace your assets so long as such penalties are not a result of: (i) protocol-level failures caused by bugs, maintenance, upgrades, or general failure; (ii) your acts or omissions; (iii) acts or omissions of any third party service provider; (iv) a force majeure event as defined in Section 9.6 of the User Agreement; (v) acts by a hacker or other malicious actor; or (vi) any other events outside of Coinbase’s reasonable control.

Qualifications & exceptions

  • The replacement commitment is limited by six exclusions, including a catch-all for events outside Coinbase's reasonable control.

Charges & Financial Obligations · Procedure

Staked assets may be locked; unstaking takes up to 48 hours plus any protocol period; unstake before selling

Some networks lock staked assets from sale or transfer for a period. You must request unstaking before you can sell or transfer staked assets. On a request, Coinbase performs blockchain operations to wind down your assets' participation in validation, which may take up to 48 hours in addition to any protocol unstaking period. Depending on the protocol you may or may not receive rewards during unstaking. Expected unstaking periods are estimates only, and Coinbase will notify you when unstaking completes.

Supporting quotations

Some Digital Asset networks require that a certain amount of staked assets be locked (restricted from sale or transfer) for a period of time while staking.
You will need to request for your staked assets to be unstaked before they can be sold or transferred.
These blockchain operations may take up to 48 hours to complete, in addition to any applicable protocol unstaking period.
Depending on the protocol, you may or may not receive staking rewards during the unstaking process. Expected unstaking periods are estimates only.
We will notify you when the unstaking process is complete.

Qualifications & exceptions

  • Unstaking time is an estimate: up to 48 hours plus the protocol's own period.

Charges & Financial Obligations · Restriction or exception

Staking rewards are not guaranteed; the published rate is a historical estimate; Boosted rewards pay out the next month

You have no right to a reward until Coinbase receives it. Rewards are distributed promptly after receipt, except Boosted Staking Rewards, which are distributed in the first five business days of the month after receipt. The disclosed staking rewards rate is, unless otherwise specified, an annualized historical rate based on rewards Coinbase generated for customers minus its commission, is an estimate and may change. Coinbase does not guarantee that you will receive any staking rewards, including the rates or Boosted Staking Rewards.

Supporting quotations

You have no right to a reward until it is received by Coinbase.
Rewards will be distributed to your account promptly after they are received by Coinbase, except that Boosted Staking Rewards will be distributed in the month after they are received by Coinbase, within the first 5 business days of the month.
Unless otherwise specified, the “staking rewards rate” disclosed by Coinbase for a particular Supported Digital Asset is an annualized historical rate based on the staking rewards generated by Coinbase in providing staking services to Coinbase customers for that Supported Digital Asset, minus our commission. This rate is an estimate and may change over time.
COINBASE DOES NOT GUARANTEE THAT YOU WILL RECEIVE ANY STAKING REWARDS, INCLUDING THE STAKING REWARDS RATES OR BOOSTED STAKING REWARDS.

Charges & Financial Obligations · Permission or license

Where available you can wrap staked ETH into cbETH, which carries the staked ETH's value, risk and slashing

In some jurisdictions you may choose to wrap staked ETH plus rewards into cbETH so you can sell, send or spend it; the service is not available everywhere and extra eligibility requirements may apply. Once wrapped you cannot redeem staked ETH or claim rewards except by unwrapping under Section 1.8. cbETH represents ownership of the ETH staked with Coinbase, including rewards, minus fees and slashing penalties, and you remain entitled to its economic value, risk and rewards. Selling or transferring cbETH transfers ownership of the staked ETH and the right to redeem. Wrapped assets are held by Coinbase on behalf of cbETH holders, ownership does not transfer to Coinbase, and Section 2.7 applies to them. cbETH is an ERC-20 token that may work with third-party protocols. Staked ETH backing cbETH is subject to slashing, and depending on when you began staking you may lose certain slashing protection by wrapping.

Supporting quotations

In some jurisdictions, you may choose to obtain the ability to sell, send, spend, or otherwise use your staked ETH by selecting, at your sole discretion, to wrap into a token that represents the ETH that you have staked plus associated rewards. This service is not available everywhere, and additional eligibility requirements may apply.
(a) Once wrapped, you cannot redeem your staked ETH or claim any associated rewards except as described in Section 1.8 below.
(b) cbETH represents ownership of ETH staked with Coinbase in accordance with this Appendix (including any associated rewards and minus any Coinbase fees and slashing penalties). By wrapping staked ETH as cbETH, you remain entitled to all of the economic value, risk, and rewards of the staked ETH.
(c) Selling or otherwise transferring cbETH automatically transfers ownership of the staked ETH and the right to redeem described in Section 1.8 below, and entitles the recipient to the attendant economic value, risk, and rewards of the staked ETH, subject to the terms of this Agreement.
(d) Staked ETH and associated rewards that have been wrapped as cbETH are held by Coinbase on behalf of holders of cbETH, and ownership of these assets shall not transfer to Coinbase. Section 2.7 of this Agreement shall apply to staked ETH and associated rewards held on behalf of cbETH holders to the same extent as staked ETH held by Coinbase on behalf of Coinbase customers.
(e) cbETH is an ERC-20 token and may be compatible with protocols or other software or technology provided by third parties.
(f) The staked ETH held by Coinbase on behalf of cbETH holders are subject to the risk of slashing described in 1.3 above. Depending on when you began staking ETH with Coinbase, you may lose certain slashing protection by wrapping your staked ETH.

Qualifications & exceptions

  • Not available everywhere; additional eligibility requirements may apply.
  • Depending on when you began staking, wrapping may remove certain slashing protection.

Charges & Financial Obligations · Restriction or exception

Wrapping into cbETH exposes you to value loss, price divergence, no liquidity backstop, third-party and regulatory risk

By wrapping into cbETH you accept these risks: Coinbase does not guarantee the value of your staked ETH principal or rewards and is not responsible for any decrease; cbETH's price could diverge from ETH or staked ETH because of market fluctuations, including actions of market makers who receive loans or incentives to buy cbETH; Coinbase does not guarantee a successful exchange or sale and will not backstop cbETH liquidity; Coinbase does not guarantee the security or function of third-party protocols or software meant to work with cbETH and is not responsible for losses from their failure; Coinbase does not own or control the Ethereum protocol, so cbETH is subject to Section 2.6; and regulatory action could limit the services Coinbase can provide for cbETH.

Supporting quotations

(g) Coinbase does not guarantee the value of your staked ETH principal or associated rewards.
(h) Coinbase is not responsible for any decrease in the value of your staked ETH principal or associated rewards.
(i) The price of cbETH could diverge from the price of ETH or staked ETH because of market fluctuations, which may be affected by the actions or inactions of market makers or other market participants who receive loans or other incentives to purchase cbETH.
(j) Coinbase does not guarantee that wrapping staked ETH will result in a successful exchange or sale of cbETH, and Coinbase will not backstop or otherwise intervene to guarantee cbETH liquidity.
(k) Coinbase does not guarantee the security or functionality of any third-party protocol, software or technology intended to be compatible with cbETH and is not responsible for any losses of cbETH due to the failure of third-party protocol, software or technology.
(l) As with the protocols for other Digital Assets, Coinbase does not own or control the underlying Ethereum protocol which governs the operation of cbETH. Accordingly, cbETH is subject to Section 2.6 of this User Agreement, like other Digital Assets.
(m) As with other Digital Assets, cbETH could be impacted by one or more regulatory actions

Charges & Financial Obligations · Procedure

To unwrap cbETH you need an account in good standing and eligibility; staked ETH stays locked until unstaked

If you hold cbETH and meet eligibility requirements, you may instruct Coinbase to unwrap it and redeem staked ETH plus associated rewards, minus Coinbase fees and slashing penalties. Staked ETH and rewards stay locked until you request unstaking and the protocol unstaking process finishes under Section 1.4. You must be a Coinbase customer with an account in good standing and eligible to stake ETH. Geographic restrictions may apply, eligibility may change, and unwrap requests may not be processed immediately.

Supporting quotations

If you hold cbETH in your Coinbase Account and satisfy eligibility requirements, you may instruct Coinbase to “unwrap” your cbETH, thereby redeeming your cbETH for staked ETH plus any associated rewards and minus any Coinbase fees and slashing penalties.
Staked ETH and any associated rewards will remain locked until you request unstaking and the protocol unstaking process is completed as described in Section 1.4 above.
To unwrap cbETH, you will need to be a Coinbase customer with a Coinbase Account in good standing and be eligible to stake ETH as described above. Additional geographic restrictions may apply, and eligibility is subject to change.
Requests to unwrap cbETH may not be processed immediately.

Charges & Financial Obligations · Permission or license

You may wrap staked assets into Third-Party Liquid Staking Tokens; this section governs any you hold

If you have staked a Supported Digital Asset through Coinbase you may be able to wrap it into a third-party liquid staking token and unwrap it later. A Help Center page lists the supported ones. If you hold a Third-Party LST in your account, whether or not you wrapped it on Coinbase, this section governs your relationship with Coinbase for that token. It does not govern cbETH, which is governed by Sections 1.7 and 1.8.

Supporting quotations

If you have staked a Supported Digital Asset through Coinbase, you may be able to wrap that staked asset into a third-party liquid staking token (each a "Third-Party LST") and later unwrap it back to the underlying staked asset.
If you hold a Third-Party LST in your Coinbase Account, whether or not you obtained it through wrapping on Coinbase, the provisions of this Section apply to your relationship with us with respect to that Third-Party LST.
This Section governs Third-Party LSTs and does not govern cbETH, which is governed by Sections 1.7-1.8.

Not stated here

  • Which Third-Party LSTs are supported is listed on a Help Center page that was not supplied.

Charges & Financial Obligations · Context

A Third-Party LST is minted by a third party, represents the staked asset, and is custodied like other assets

A Third-Party LST is a Digital Asset minted by a third party or its smart contracts. Broadly, it represents your entitlement to a corresponding unit of the underlying staked asset plus accrued rewards, redeemable under the third-party protocol's operating rules, and you keep the economic value, risk and rewards. Coinbase does not hold or control the underlying assets and does not mint the token. The token itself, when held in your account, is custodied under Section 2.7 like any other Digital Asset.

Supporting quotations

1.9.1 What a Third-Party LST represents. A Third-Party LST is a Digital Asset minted by a third party or its smart contracts. In broad terms, it represents your entitlement to a corresponding unit of the underlying staked asset, plus accrued rewards, redeemable subject to the operating rules of the third-party protocol. By holding a Third-Party LST, you remain entitled to the economic value, risk, and rewards of the underlying staked asset. Coinbase does not hold or control the underlying assets, and Coinbase does not mint the Third-Party LST. The Third-Party LST itself, when held in your Coinbase Account, is custodied under Section 2.7 like any other Digital Asset.

Qualifications & exceptions

  • Redemption is subject to the third-party protocol's operating rules.

Charges & Financial Obligations · Procedure

Coinbase wraps and unwraps Third-Party LSTs; the third-party protocol sets conversion rates, which can change

To wrap, Coinbase takes blockchain operations to deposit your staked asset and any accrued rewards into the third-party protocol, and the resulting token appears in your account in a quantity set by the protocol's conversion rate at the time, which can change with protocol rewards, slashing, validator performance and other factors outside Coinbase's control. To unwrap you must meet eligibility requirements, and Coinbase submits a redemption request at the pertinent conversion rate. The underlying asset and rewards remain locked in the protocol until you instruct Coinbase to unstake and the protocol unstaking process completes. Unwrap requests may not be immediate and depend on blockchain and protocol timing.

Supporting quotations

1.9.2 How wrapping works. When you choose to wrap your staked asset into a Third-Party LST, Coinbase takes blockchain operations on your behalf to deposit your asset (and any accrued rewards) into the third-party protocol, and the resulting Third-Party LST is reflected in your Coinbase Account. The quantity of Third-Party LST you receive is set by the conversion rate published by that protocol or an operator of that protocol at the time of the wrap. The conversion rate may fluctuate over time based on protocol rewards, slashing, validator performance, and other factors outside Coinbase's control.
1.9.3 How unwrapping works. If you hold a Third-Party LST in your Coinbase Account and meet the eligibility requirements, you may instruct Coinbase to unwrap it. Coinbase will undertake blockchain operations on your behalf to submit a redemption request to the third-party protocol, sending the Third-Party LST to the protocol in exchange for the corresponding amount of the underlying staked asset at the pertinent conversion rate. The underlying staked asset and any accrued rewards (as factored into the conversion rate) will remain locked in the third-party protocol until you instruct Coinbase to unstake those assets and the protocol unstaking process is complete, as described in Section 1.4. Unwrap requests may not be processed immediately and may be subject to the timing of the underlying blockchain network and the third-party protocol.

Qualifications & exceptions

  • Conversion rate is set by the third-party protocol or its operator and can fluctuate.

Charges & Financial Obligations · Restriction or exception

Coinbase only performs the blockchain operations; eligibility and availability can change without prior notice

Coinbase undertakes blockchain operations to facilitate wrapping and unwrapping a Third-Party LST on your behalf and does not govern the third-party protocols or the underlying blockchain networks. Geographic restrictions and limitations may apply, and eligibility is subject to change without prior notice.

Supporting quotations

1.9.4 Coinbase's role. Coinbase undertakes blockchain operations to facilitate the wrapping and/or unwrapping of a Third-Party LST on your behalf. Coinbase does not govern the third-party protocols or the underlying blockchain networks.
1.9.5 Eligibility and availability. Geographic restrictions and limitations may apply, and eligibility is subject to change without prior notice.

Charges & Financial Obligations · Restriction or exception

Wrapping a Third-Party LST means accepting loss, price, liquidity and third-party risks with no Coinbase guarantee

By wrapping or unwrapping, you agree that once wrapped you cannot redeem the underlying staked asset or its rewards except by unwrapping. The staked asset is exposed to validator-level and protocol-level penalties, including slashing where implemented. Coinbase does not guarantee the value of the underlying asset or rewards and is not responsible for decreases, including from third-party protocol penalties. The token's market price may differ from the implied value of the underlying asset. Coinbase does not guarantee a successful unwrap, exchange or sale and will not backstop liquidity. It does not guarantee the security or function of related third-party technology. It does not own or control the underlying network or staking protocol, and each token is subject to Section 2.6. Regulatory actions could affect any Third-Party LST and limit Coinbase's services.

Supporting quotations

1.9.6 Terms of use. By wrapping a staked asset into a Third-Party LST or unwrapping a Third-Party LST into the underlying staked asset, you agree that:
(a) Once wrapped, you cannot redeem the underlying staked asset or claim its accrued rewards except by unwrapping the Third-Party LST as described in Section 1.9.3.
(b) The staked asset underlying a Third-Party LST is subject to validator-level and protocol-level penalties (which may include slashing on networks that implement it) and other protocol-level risks.
(c) Coinbase does not guarantee the value of the underlying staked asset or any accrued rewards, and is not responsible for any decrease in value, including any decrease from validator-level or protocol-level penalties incurred at the third-party protocol level.
(d) The market price of a Third-Party LST may differ from the implied value of the underlying staked asset.
(e) Coinbase does not guarantee a successful unwrap, exchange, or sale of any Third-Party LST, and will not backstop or otherwise intervene to provide Third-Party LST liquidity.
(f) Coinbase does not guarantee the security or functionality of any third-party protocol, software, or technology related to a Third-Party LST and is not responsible for losses caused by their failure.
(g) Coinbase does not own or control the underlying blockchain network or the third-party staking protocol. Each Third-Party LST is subject to Section 2.6 of this Agreement, like other Digital Assets.
(h) Regulatory actions could affect any Third-Party LST and limit the services Coinbase can provide with respect to it.

Charges & Financial Obligations · Permission or license

Advanced Trading offers order books to eligible users in some jurisdictions and requires accepting the Trading Rules

Coinbase offers eligible users access to order books for various Supported Digital Asset and fiat trading pairs on Advanced Trading. It is not offered to customers in all jurisdictions, and your account shows which order books are available. By accessing Advanced Trading or its API you accept and agree to be bound by the Trading Rules.

Supporting quotations

Coinbase offers, and eligible users may access, an order book for various Supported Digital Asset and Fiat Currency trading pairs (each an “Order Book”) on the Coinbase Site (“Advanced Trading”).
Coinbase does not offer Advanced Trading to customers in all jurisdictions.
By accessing Advanced Trading or the Coinbase API for Advanced Trading, you accept and agree to be bound by the [Trading Rules]

Not stated here

  • The Trading Rules are linked but their text was not supplied.

Charges & Financial Obligations · Permission or license

Advanced Trading fees are auto-deducted under the Trading Rules; fiat deposit and withdrawal fees and limits may apply

By placing an order on Advanced Trading you agree to pay all applicable fees and authorize Coinbase to deduct them automatically from your account. Trading fees are in the Trading Rules. Coinbase may charge a fee on certain fiat deposit or withdrawal methods such as bank wire, and deposits and withdrawals may be subject to limits.

Supporting quotations

By placing an order on Advanced Trading, you agree to pay all applicable fees and authorize Coinbase to automatically deduct fees directly from your account.
Trading Fees are set forth in the Trading Rules
Coinbase may charge a fee on certain Fiat Currency deposit or withdrawal methods (e.g. bank wire).
DEPOSITS AND WITHDRAWALS MAY BE SUBJECT TO LIMITS.

Not stated here

  • Fee amounts are in the Trading Rules, which were not supplied.

Charges & Financial Obligations · Company practice

If your account is suspended or terminated, Coinbase cancels open orders, blocks withdrawals and bars new orders

If your account is suspended or terminated, Coinbase immediately cancels all open orders, blocks all withdrawals and bars placing further orders until resolution or account cancellation.

Supporting quotations

1.4. Suspension and Cancellation. In the event that your Coinbase Account is suspended or terminated, we will immediately cancel all open orders associated with your account, block all withdrawals and bar the placing of further orders until resolution or account cancellation.

Charges & Financial Obligations · Company practice

Coinbase One is a subscription membership that renews automatically with recurring payments

Coinbase One is a subscription-based membership. A subscription renews automatically and requires recurring payments.

Supporting quotations

Subscription-Based Membership. Coinbase One is a subscription-based membership. A Coinbase One subscription renews automatically and requires recurring payments.

Charges & Financial Obligations · Permission or license

Coinbase One benefits can change or be removed without notice, vary by region, and may be provided by third parties

Membership benefits may be changed or removed without notice, and some are not available in all regions or to all users. Member home lists current benefits, and a disclosures page covers important benefit disclosures. For certain benefits Coinbase may partner with a third party, which is then the provider of the benefit rather than Coinbase.

Supporting quotations

Membership benefits may be changed or removed without notice.
Some membership benefits are not available in all regions and are not available to all users.
For certain membership benefits, we may partner with a third party to provide you access to services that the third party provides. For those benefits, the third party is the provider of the benefit, not Coinbase.

Not stated here

  • The benefit disclosures page was not supplied.

Charges & Financial Obligations · Permission or license

You authorize recurring charges to any stored payment method or balance, with a backup if the first fails

By signing up you authorize a recurring charge of the subscription fee plus tax to any stored payment method, cash balance or Digital Asset balance from sign-up (or the end of a free trial) until canceled. The fee is specified at sign-up and can change. If your primary method fails, you authorize Coinbase to charge any stored payment method, cash balance or Digital Asset balance as a backup. When paying with Digital Assets you instruct Coinbase to debit enough, calculated at prevailing prices as Coinbase reasonably determines at execution, and the payment is subject to Section 6.8 on taxes.

Supporting quotations

By signing up, you authorize a recurring charge of your subscription fee (plus any applicable tax) to any stored payment method, cash balance, or Digital Asset balance from the date of sign-up (or in the case of a free trial, the date that your free trial concludes) until canceled.
The subscription fee is specified during sign-up and is subject to change.
If your primary payment method fails, as a backup you authorize us to charge any stored payment method, cash balance, or Digital Asset balance.
you agree that you are instructing Coinbase to debit an amount of your Digital Assets (calculated using the prevailing prices for the Digital Assets as reasonably determined by Coinbase at time of execution)
this payment via Digital Assets is subject to Section 6.8 (“Taxes”) of the User Agreement

Qualifications & exceptions

  • The backup authorization lets Coinbase charge any stored method or balance if the primary fails.

Charges & Financial Obligations · User right or choice

You cancel in member home, effective at period end; free trials auto-renew into paid subscriptions

You can cancel via Manage in member home, effective at the end of the current billing period, and should cancel before the renewal date to avoid the next charge. Coinbase may offer a free trial or promotion at its sole discretion; unless you cancel before it ends, the subscription renews automatically and you are charged recurring fees until you cancel.

Supporting quotations

Cancellation. You can cancel your subscription via “Manage” in [member home](https://coinbase.com/one). Your cancellation will go into effect at the end of your current billing period. To avoid the next charge, cancel before your renewal date.
Free Trial. At its sole discretion, Coinbase may offer you a free trial or other promotion. Unless you cancel before the end of your free trial or promotion, your subscription will automatically renew at the end of your free trial or promotion and you will be charged your subscription fee on a recurring basis until you cancel.

Charges & Financial Obligations · Company commitment

Coinbase can end a subscription with a prorated refund; it is non-transferable; a limited warranty may apply

Coinbase may terminate your subscription at its sole discretion, in which case you receive a prorated refund based on the termination date and the end of your billing cycle. The subscription cannot be transferred or assigned. Your account may be covered by a limited warranty published at a linked page.

Supporting quotations

Termination. Coinbase reserves the right to terminate your subscription at its sole discretion. If we terminate your subscription, you will receive a prorated refund of your subscription fee (prorated based on the termination date and the date that your billing cycle ends). Your subscription cannot be transferred or assigned.
Your account may be covered by the limited warranty published [here]

Qualifications & exceptions

  • The limited warranty is described as something your account 'may' be covered by.

Not stated here

  • The limited warranty terms were not supplied.

Charges & Financial Obligations · Company practice

Third-party DEX and Dapp fees are not Coinbase's; any Coinbase Fee is labeled and shown before you submit

You may incur charges from third parties when using Third Party Services, such as fees on a DEX or Dapp. Those fees are not charged by or paid to Coinbase. Any Coinbase Fee charged will be designated as such and shown before you submit your transaction.

Supporting quotations

1.3. Fees. You may incur charges from third parties for use of Third Party Services. For example, you may be charged fees via a DEX or Dapp that you may access via the Coinbase Site. Third party fees are not charged by Coinbase and are not paid to Coinbase. Any Coinbase Fee charged will be designated as such, and presented before you submit your transaction.

Charges & Financial Obligations · Restriction or exception

Unsupported or mismatched assets sent to a Dapp Wallet are lost; stalled inbound transfers are your risk

Coinbase has no obligation for unsupported assets sent to a Dapp Wallet or Dapp Supported Assets sent to an incompatible address or unsupported network, and all such erroneously transmitted assets will be lost. Coinbase may decide which assets are supported or stop supporting them. You may need to pay network or miner fees for an inbound transfer to succeed. Insufficient fees may leave it pending outside Coinbase's control, and Coinbase is not responsible for delays or loss from initiation errors and has no obligation to help fix such transactions.

Supporting quotations

Coinbase incurs no obligation whatsoever with regard to unsupported Digital Assets sent to a Dapp Wallet or with regard to Dapp Supported Assets sent to an incompatible Digital Asset wallet address and/or unsupported network or blockchain. All such erroneously transmitted Digital Assets will be lost. Coinbase may from time to time determine types of Digital Assets that will be supported or cease to be supported. You acknowledge and agree that you may be required to pay network or miner’s fees in order for a Dapp Wallet Inbound Transfer transaction to be successful. Insufficient network fees may cause a Dapp Wallet Inbound Transfer to remain in a pending state outside of Coinbase’s control, and we are not responsible for delays or loss incurred as a result of an error in the initiation of the transaction and have no obligation to assist in the remediation of such transactions.

Charges & Financial Obligations · Restriction or exception

Dapp Wallet outbound transfers follow your instruction and cannot be reversed once broadcast

Dapp Wallet outbound transfers to external wallets are executed at your instruction. You should verify all details first. Coinbase is not liable if you enter an incorrect address, Destination Tag or Memo or send to an incompatible wallet, and does not guarantee the identity or value received by a recipient. Transfers cannot be reversed once broadcast, though they may be pending while processed, and Coinbase does not control the network or guarantee confirmation. It may cancel or refuse pending transfers as required by law or any court or authority, and may require you to wait before further Services or transactions beyond certain volume limits.

Supporting quotations

2.4. Dapp Wallet Outbound Transfers. When you send Digital Assets from your Dapp Wallet to an external wallet (“Dapp Wallet Outbound Transfers”), such transfers are executed at your instruction. You should verify all transaction information prior to submitting instructions. Coinbase shall bear no liability or responsibility in the event you enter an incorrect blockchain destination address, incorrect Destination Tag/Memo, or if you send your Digital Assets to an incompatible wallet. We do not guarantee the identity or value received by a recipient of a Dapp Wallet Outbound Transfer. Dapp Asset Transfers cannot be reversed once they have been broadcast to the relevant Digital Asset network, although they may be in a pending state, and designated accordingly, while the transaction is processed by network operators. Coinbase does not control the Digital Asset network and makes no guarantees that a Dapp Transfer will be confirmed by the network. We may cancel or refuse to process any pending Dapp Wallet Outbound Transfers as required by law or any court or other authority to which Coinbase is subject in any jurisdiction. Additionally, we may require you to wait some amount of time after completion of a transaction before permitting you to use further Coinbase Services and/or before permitting you to engage in transactions beyond certain volume limits.

Qualifications & exceptions

  • Cancellation or refusal of pending transfers is stated as 'as required by law or any court or other authority'.

Charges & Financial Obligations · Permission or license

Where offered you can wrap a native asset into a Coinbase Wrapped Token only to complete an outbound transfer

In some jurisdictions you may direct Coinbase to wrap a Wrappable Native Token into a token compatible with another protocol so you can make an Outbound Transfer to an external wallet. To do so you must be a Coinbase customer with an account in good standing. Geographic restrictions may apply and eligibility is subject to change.

Supporting quotations

8.1. Sending Coinbase Wrapped Tokens. In some jurisdictions, you may choose to effectuate an Outbound Transfer of a native Digital Asset for which Coinbase provides wrapping services in accordance with the terms herein (each a “Wrappable Native Token”) to an external wallet on a supported protocol, by directing Coinbase to wrap such Wrappable Native Token into a token that is compatible with such protocol. To wrap your Wrappable Native Token and complete an Outbound Transfer of the corresponding Coinbase wrapped token (each, a “Coinbase Wrapped Token”), you will need to be a Coinbase customer with a Coinbase Account in good standing. Additional geographic restrictions may apply, and eligibility is subject to change. By electing to wrap your Wrappable Native Token into a corresponding Coinbase Wrapped Token, you understand and agree that:

Qualifications & exceptions

  • Available only in some jurisdictions; eligibility can change.

Charges & Financial Obligations · Restriction or exception

Wrapped Tokens cannot be held on the platform; deposits convert back automatically; redemption only under Section 8.3

Coinbase Wrapped Tokens cannot be held on the Coinbase platform and are made available only for an outbound transfer of the native token to an external wallet. A wrapped token deposited to your wallet from outside is automatically converted to the corresponding native token, subject to Section 8.3. Wrap requests may not be processed immediately, and once wrapped you cannot redeem the wrapped token for the native token except as described in Section 8.3.

Supporting quotations

8.1.1. Coinbase Wrapped Tokens cannot be held on the Coinbase platform, and are only made available to you by Coinbase in connection with an Outbound Transfer of a corresponding Wrappable Native Token to an external wallet on a supported protocol. Any Coinbase Wrapped Token deposited to your Digital Asset Wallet from an external wallet address will be automatically converted to a corresponding Wrappable Native Token in accordance with, and subject to the conditions set forth in, Section 8.3 of this Appendix 4.
8.1.2. Requests to wrap your Wrappable Native Token and effectuate an Outbound Transfer of a corresponding Coinbase Wrapped Token to an external wallet may not be processed immediately. Once wrapped, you cannot redeem your Coinbase Wrapped Token for a corresponding Wrappable Native Token except as described in Section 8.3 below.

Not stated here

  • Section 8.3, which governs conversion and redemption, appears in a later packet of this appendix.

Charges & Financial Obligations · Company commitment

Wrapped Token holders keep the economic value and risk of the native token, which Coinbase holds in custody for them

Each Coinbase Wrapped Token represents ownership of a corresponding native token held by Coinbase. While you hold the wrapped token you remain entitled to all economic value and risk of the underlying native token. Selling or transferring the wrapped token transfers ownership of the underlying token and the redemption right, and gives the recipient the economic value and risk, subject to the Agreement. Wrapped native tokens are held by Coinbase as custodial assets for holders, ownership and title remain with holders and do not transfer to Coinbase, and Sections 2.7 to 2.7.4 apply mutatis mutandis. Wrapped tokens are ERC-20 tokens that may be compatible with third-party protocols or software.

Supporting quotations

8.1.3. Each Coinbase Wrapped Token represents ownership of a corresponding Wrappable Native Token held by Coinbase in accordance with Section 8.1.5 of this Appendix 4. By wrapping your Wrappable Native Token in order to effectuate an Outbound Transfer of a corresponding Coinbase Wrapped Token to an external wallet on a supported protocol, you remain (for so long as you hold the Coinbase Wrapped Token) entitled to all of the economic value and risk of an underlying Wrappable Native Token.
8.1.4. Selling or otherwise transferring a Coinbase Wrapped Token automatically transfers ownership of an underlying Wrappable Native Token and the right to redeem described in Section 8.3 below, and entitles the recipient to the attendant economic value and risk of an underlying Wrappable Native Token, subject to the terms of this Agreement.
8.1.5. Wrappable Native Tokens that have been wrapped as Coinbase Wrapped Tokens are held by Coinbase as custodial assets for the benefit of holders of such Coinbase Wrapped Tokens, and ownership of and title to these assets shall remain with such holders and not transfer to Coinbase. Sections 2.7, 2.7.1, 2.7.2, 2.7.3, and 2.7.4 of the User Agreement shall apply, mutatis mutandis, to any Wrappable Native Token held on behalf of holders of a corresponding Coinbase Wrapped Token to the same extent as any Wrappable Native Token held by Coinbase on behalf of Coinbase customers.
8.1.6. Coinbase Wrapped Tokens are ERC-20 tokens and may be compatible with protocols or other software or technology provided by third parties.

Charges & Financial Obligations · Restriction or exception

Wrapped Token risks: no value guarantee, price divergence, and Coinbase may pause redemptions in a dislocation

By wrapping you accept that Coinbase does not guarantee the value of the native token held for wrapped-token holders and is not responsible for changes in its value. The external price of a wrapped token could diverge from the native token because of market fluctuations, which can be affected by market makers or others who get loans or incentives to buy it. In a significant price dislocation Coinbase may exercise its right to pause redemptions under Section 8.3.3.

Supporting quotations

8.2. Certain Risks. In addition, you understand, agree and accept the following risks associated with electing to wrap any Wrappable Native Token into a corresponding Coinbase Wrapped Token:
8.2.1. Coinbase does not guarantee the value of a Wrappable Native Token held on behalf of holders of a corresponding Coinbase Wrapped Token.
8.2.2. Coinbase is not responsible for any change in the value of a Wrappable Native Token held on behalf of holders of a corresponding Coinbase Wrapped Token.
8.2.3. The external price of a Coinbase Wrapped Token could diverge from the price of a corresponding Wrappable Native Token because of market fluctuations, which may be affected by the actions or inactions of market makers or other market participants who receive loans or other incentives to purchase the Coinbase Wrapped Token. In case of a significant price dislocation, Coinbase may exercise its right to pause redemptions in accordance with Section 8.3.3 of this Appendix 4.

Charges & Financial Obligations · Restriction or exception

No liquidity backstop or third-party security guarantee; Section 2.6 applies; regulation could limit services

Coinbase does not guarantee that wrapping will result in a successful exchange or sale of a wrapped token and has no obligation to backstop or intervene to guarantee liquidity. It does not guarantee the security or function of third-party protocols or software meant to work with wrapped tokens and is not responsible for losses from their failure. Because Coinbase does not own or control the underlying protocols, wrapped tokens are subject to Section 2.6 like other Digital Assets. Regulatory actions could limit the services Coinbase can provide for wrapped tokens.

Supporting quotations

8.2.4. Coinbase does not guarantee that wrapping a Wrappable Native Token will result in a successful exchange or sale of a corresponding Coinbase Wrapped Token, and Coinbase will not have any obligation to backstop or otherwise intervene to guarantee liquidity of such Coinbase Wrapped Token.
8.2.5. Coinbase does not guarantee the security or functionality of any third-party protocol, software or technology intended to be compatible with a Coinbase Wrapped Token and is not responsible for any losses of any Coinbase Wrapped Token due to the failure of third-party protocol, software or technology.
8.2.6. As with the protocols for other Digital Assets, Coinbase does not own or control the underlying protocols which govern the operation of any Coinbase Wrapped Token. Accordingly, all Coinbase Wrapped Tokens are subject to Section 2.6 of the User Agreement, like other Digital Assets.
8.2.7. As with other Digital Assets, a Coinbase Wrapped Token could be impacted by one or more regulatory actions, which could impede or limit the services we can provide with respect to such Coinbase Wrapped Token.

Charges & Financial Obligations · Procedure

Depositing a Coinbase Wrapped Token auto-unwraps it for eligible customers, though not necessarily immediately

If you start an inbound transfer of a Coinbase Wrapped Token to your wallet and meet the eligibility requirements, Coinbase automatically unwraps it and deposits the corresponding native token, redeeming the wrapped token. You must be a customer with an account in good standing. Geographic restrictions may apply, eligibility may change, and requests may not be processed immediately.

Supporting quotations

8.3.1. If you initiate an Inbound Transfer of a Coinbase Wrapped Token to your Digital Asset Wallet and you satisfy the eligibility requirements set forth in Section 8.3.2 below, Coinbase will automatically “unwrap” such Coinbase Wrapped Token and deposit a corresponding Wrappable Native Token to your Digital Asset Wallet, thereby redeeming your Coinbase Wrapped Token for a corresponding Wrappable Native Token.
8.3.2. To successfully complete an Inbound Transfer of a Coinbase Wrapped Token to your Digital Asset Wallet, you will need to be a Coinbase customer with a Coinbase Account in good standing. Additional geographic restrictions may apply, and eligibility is subject to change. Requests to complete an Inbound Transfer of a Coinbase Wrapped Token to your Digital Asset Wallet (which, for the avoidance of doubt, will result in Coinbase “unwrapping” such Coinbase Wrapped Token and depositing a corresponding Wrappable Native Token to your Digital Asset Wallet as described in Section 8.3.1 above) may not be processed immediately.

Qualifications & exceptions

  • Requires good standing; geographic restrictions may apply; eligibility is subject to change.

Charges & Financial Obligations · Permission or license

Coinbase may pause or refuse redemptions on price dislocation, suspected fraud or suspected compromise

In its reasonable discretion Coinbase may pause redemptions of a wrapped token if a significant dislocation between its external price and the native token suggests, in Coinbase's sole discretion, that the supporting smart contracts or security features have been compromised. It may refuse a redemption if it suspects the token was acquired by fraudulent means, and may pause redemption if it otherwise suspects the security of the minting and burning smart contracts has been compromised.

Supporting quotations

8.3.3. Additionally, Coinbase may, in our reasonable discretion, (i) pause redemptions of any Coinbase Wrapped Token for a corresponding Wrappable Native Token if there is a significant dislocation in the external market price of such Coinbase Wrapped Token relative to a corresponding Wrappable Native Token that, in Coinbase's sole discretion, suggests that the smart contracts or other technology or security features supporting such Coinbase Wrapped Token have been compromised, (ii) refuse a redemption request if we suspect that the Coinbase Wrapped Token being presented for redemption was acquired through fraudulent means, or (iii) pause redemption if we otherwise suspect that the security of the smart contracts used to mint and burn the applicable Coinbase Wrapped Token has been compromised.

Qualifications & exceptions

  • The first ground turns on Coinbase's sole discretion about whether a price dislocation suggests compromise.

Charges & Financial Obligations · Restriction or exception

If wrapped native tokens fall short, Coinbase's liability to each holder is limited to a pro rata share of the shortfall

A holder of a Coinbase Wrapped Token holds an ownership interest in a corresponding native token custodied by Coinbase. If there is a shortfall in the native token that has been wrapped and held by Coinbase, Coinbase's liability to any holder is limited to that holder's pro rata share of the shortfall amount.

Supporting quotations

8.3.4. Pursuant to the terms of this Agreement, a holder of a Coinbase Wrapped Token holds an ownership interest in a corresponding Wrappable Native Token custodied by Coinbase in accordance with Section 8.1.5 above. In the event of a shortfall in the amount of the Wrappable Native Token that has been wrapped as a Coinbase Wrapped Token and held by Coinbase in accordance with Section 8.1.5 above, Coinbase’s liability vis-a-vis any holder of such Coinbase Wrapped Token will be limited to such holder’s pro rata share of the shortfall amount.

Qualifications & exceptions

  • Liability is limited to a pro rata share of any shortfall.

Cross-references

Charges & Financial Obligations · Company practice

Coinbase may charge a fee to mint or unwrap wrapped tokens, disclosed when you start the request

Coinbase may charge a fee in connection with a request to mint or unwrap or redeem a Coinbase Wrapped Token, and any such fee will be disclosed when you start the request. Changes to the fees are made under Section 3.3 of the User Agreement.

Supporting quotations

8.4.1. Fees. Coinbase may charge a fee in connection with a request to mint or unwrap/redeem a Coinbase Wrapped Token, and any such fee will be disclosed to you at the time you initiate such request. Any changes to such fees will be effectuated in accordance with Section 3.3 of the User Agreement.

Not stated here

  • Fee amounts are not stated.

Charges & Financial Obligations · Restriction or exception

Third-party versions of wrapped tokens may be treated as unsupported and not redeemed, risking loss

Coinbase reserves the right to treat any version of a wrapped token created by a third party, for example through a third-party wrapper or bridge to an unsupported network, as an unsupported Digital Asset under Section 2.3. It may refuse or be unable to redeem such a token sent to your wallet, which may result in irreversible loss. You are told not to send Third Party Wrapped Tokens to your wallet.

Supporting quotations

8.4.2. No support for wrapped Coinbase Wrapped Tokens. We reserve the right to treat any version of a Coinbase Wrapped Token that has been created by a third party (e.g., via a third party wrapper or bridge to an unsupported network) (“Third Party Wrapped Token”) as an unsupported Digital Asset in accordance with Section 2.3 of the User Agreement. That means that we may refuse or be unable to redeem any Third Party Wrapped Token that is sent to your Digital Asset Wallet for the corresponding Wrappable Native Token, which may result in irreversible loss of such Third Party Wrapped Token. Do not send Third Party Wrapped Tokens to your Digital Asset Wallet.

Charges & Financial Obligations · Permission or license

Eligible Coinbase One members may apply for a First Electronic Bank credit card, subject to approval

Eligible Coinbase One members may apply for a Coinbase One credit card issued by First Electronic Bank, and some may be offered a version with a security deposit. Issuance is subject to approval and not every member is approved. If approved, you must agree to the Cardholder Agreement with First Electronic Bank and to this User Agreement, including the Coinbase One Card Terms, which govern your relationship with Coinbase. The card may not be available in all states, and eligibility is subject to change.

Supporting quotations

Coinbase One Card. If you are an eligible Coinbase One member, you will have the option to apply for a Coinbase One credit card. Some eligible Coinbase One members will be offered the Coinbase One Card with security deposit (“Coinbase One Card with Security Deposit”). The Coinbase One Card, including the Coinbase One Card with Security Deposit, is issued by First Electronic Bank (“Coinbase One Card”). The issuance of a Coinbase One Card to a Coinbase One member is subject to approval; not every Coinbase One member will be approved. If you are approved for the Coinbase One Card, you must agree to the relevant Cardholder Agreement (defined below) with First Electronic Bank. You must agree to this User Agreement, including these Coinbase One Card terms (“Coinbase One Card Terms”), which govern your relationship with Coinbase. The Coinbase One Card may not be available in all states, and eligibility is subject to change.

Qualifications & exceptions

  • Approval is not guaranteed; availability varies by state.

Not stated here

  • The Cardholder Agreements were not supplied.

Charges & Financial Obligations · Restriction or exception

The Cardholder Agreement governs the card; Coinbase is not a party and it prevails in a conflict

The Coinbase One Card and the version with a security deposit are governed by their own Cardholder Agreements with First Electronic Bank. Coinbase is not a party to them. The Coinbase One Card Terms summarize certain features and add terms about your relationship with Coinbase. If the User Agreement, including these Card Terms, conflicts with the Cardholder Agreement, the Cardholder Agreement governs.

Supporting quotations

The Coinbase One Card and the Coinbase One Card with Security Deposit are governed respectively by the Coinbase One Card Cardholder Agreement (“Coinbase One Card Agreement”) and the Coinbase One Card with Security Deposit Cardholder Agreement (“Coinbase One Card with Security Deposit Agreement”). The Coinbase One Card Agreement and the Coinbase One Card with Security Deposit Agreement, as applicable, are referred to as the “Cardholder Agreement”.
Coinbase is not a party to the Cardholder Agreement.
These Coinbase One Card Terms summarize certain features of the Coinbase One Card and provide certain additional terms concerning your relationship with Coinbase.
In the event of a conflict between the User Agreement (including these Coinbase One Card Terms) and the Cardholder Agreement, the provisions of the Cardholder Agreement shall govern.

Charges & Financial Obligations · Permission or license

Designating Secured USDC lets the bank and its Control Party instruct Coinbase to transfer or sell it

If you do not otherwise qualify, you may be offered the option to designate USDC in your wallet, or USDC you will buy, as Secured USDC for the card with a security deposit. Under Section 2.7.2 all Supported Digital Assets, including Secured USDC, are treated as financial assets under Division 8, with Coinbase as securities intermediary. By designating Secured USDC you direct Coinbase to keep custody consistent with the security deposit agreement and authorize it, without further consent from you, to comply with instructions and entitlement orders from First Electronic Bank, its successors and assigns, and any party they designate (the Control Party, initially Cardless, Inc.). Those instructions may include transferring or selling the Secured USDC on default or account closure.

Supporting quotations

If you apply for the Coinbase One Card and do not otherwise qualify, you may be given the option to designate USDC in your Digital Asset Wallet, or USDC that you will purchase, as secured for purposes of the Coinbase One Card with Security Deposit (the “Secured USDC”).
As provided in Section 2.7.2 of this User Agreement, all Supported Digital Assets credited to the Digital Asset Wallet, including Secured USDC, are treated as “financial assets” under Division 8
you direct us to maintain custody of the Secured USDC consistent with the Coinbase One Card with Security Deposit Agreement
you authorize us as securities intermediary, without further consent from you, to comply in all respects with the instructions and entitlement orders regarding the Secured USDC from First Electronic Bank and its successors and assigns as well as any party designated by First Electronic Bank or its successors and assigns (the “Control Party”). The Control Party will initially be Cardless, Inc.
Such instructions may include transferring the Secured USDC to First Electronic Bank (or its successors or assigns) or the Control Party or selling the Secured USDC, in the event of a default or your account is otherwise closed in accordance with the Coinbase One Card with Security Deposit Agreement.

Qualifications & exceptions

  • The Control Party is stated to be initially Cardless, Inc. and can change with successors and designations.
  • Transfer or sale instructions arise on default or account closure under the security deposit agreement.

Not stated here

  • The Coinbase One Card with Security Deposit Agreement was not supplied.

Cross-references

Charges & Financial Obligations · Restriction or exception

Secured USDC is locked until the card is closed and paid; the bank can liquidate it and you owe any shortfall

Under the security deposit agreement, Secured USDC cannot be withdrawn, transferred, lent, sold or traded until the card account is closed and amounts owed are paid in full. It is generally released within two Business Days after Coinbase receives an instruction from First Electronic Bank or the Control Party, but may take longer. If the account closes for any reason, such as voluntary closure or default, the bank or Control Party may take possession and apply sale proceeds to what you owe, without notice. If the Secured USDC and proceeds do not cover amounts owed, you stay responsible for the rest, including after a dispute not resolved in your favor, a balance above your credit line, USDC value changes or a Legal Order.

Supporting quotations

any Secured USDC will not be eligible for withdrawal, transferring, lending, selling, or trading until your Coinbase One Card with Security Deposit account is closed and any amounts owed are satisfied in full.
In general, Secured USDC will be released within two (2) Business Days of Coinbase receiving an instruction or entitlement order from First Electronic Bank (or its successors or assigns) or the Control Party, but it may take longer for the Secured USDC to be released to you.
First Electronic Bank (or its successors or assigns) or the Control Party may take possession of your Secured USDC and apply the proceeds of a sale or liquidation to the outstanding amount owed with respect to your Coinbase One Card with Security Deposit account without notice to you.
you remain responsible for the remaining unpaid amounts, including in the event a dispute is not resolved in your favor, your balance is greater than your credit line, the value of USDC fluctuates, or you are subject to a Legal Order

Qualifications & exceptions

  • Release timing is 'in general' two Business Days and may take longer.

Charges & Financial Obligations · Company practice

The Coinbase One Card works where American Express is accepted, subject to the Cardholder Agreement

The Coinbase One Card can be used to buy goods and services at point of sale terminals, by phone, online or through payment platforms that accept American Express cards. Approval of any specific transaction is subject to the Cardholder Agreement's terms.

Supporting quotations

1.3. Role of the Coinbase One Card. The Coinbase One Card can be used to purchase goods and services from merchants at point of sale terminals, over the phone, online, or through payment platforms that accept American Express cards (“Credit Card Transactions”). However, the approval of any specific Credit Card Transaction is subject to the terms and conditions in the Cardholder Agreement. Please review the Cardholder Agreement for such terms and conditions.

Charges & Financial Obligations · Company practice

Your USD and Digital Asset Wallets link to the card, and rewards can be deposited to your wallet

Your USD Wallet and Digital Asset Wallet are linked to your Coinbase One Card. You can make payments toward your card balance from either wallet, and if eligible, bitcoin or other Digital Asset rewards Coinbase offers are deposited into your Digital Asset Wallet. Rewards terms are in the Rewards Program section and a separate Rewards Program Terms & Conditions page.

Supporting quotations

1.4. Coinbase Accounts Linked. Your USD Wallet and Digital Asset Wallet will be linked to your Coinbase One Card. If you have a Coinbase One Card, you may make payments towards your Coinbase One Card balance using your USD Wallet and your Digital Asset Wallet, and to the extent you are eligible, bitcoin rewards (or other Digital Asset rewards we offer from time to time) will be deposited into your Digital Asset Wallet. See Rewards Program below and the Coinbase One Card [Rewards Program Terms & Conditions](https://coinbase.com/legal/creditcard/rewards) for more information.

Not stated here

  • The Coinbase One Card Rewards Program Terms & Conditions were not supplied.

Charges & Financial Obligations · Restriction or exception

Activate the card per the bank's instructions; use it only for personal, family and household purposes

If approved you must activate the card following First Electronic Bank's instructions; a virtual card works immediately without activation. Under the Cardholder Agreement you may make credit card transactions and may use the card only for personal, family and household purposes, not business. You agree to use the card in line with the Cardholder Agreement, the User Agreement and the Card Terms.

Supporting quotations

Activating the Coinbase One Card. If you are approved for a Coinbase One Card, you must activate the Coinbase One Card in accordance with the activation instructions provided by First Electronic Bank. A virtual Coinbase One Card may be used immediately upon receipt and does not need to be activated.
4.1. Pursuant to the terms of your Cardholder Agreement, you may use the Coinbase One Card to make various Credit Card Transactions.
4.2. As provided for in the Cardholder Agreement, you may only use the Coinbase One Card for personal, family, and household purposes and not for any business purposes.
4.3. You agree that you will use the Coinbase One Card in accordance with the Cardholder Agreement, the User Agreement, and these Coinbase One Card Terms.

Charges & Financial Obligations · Procedure

Report lost or unauthorized use at once; fees, returns and refunds follow the Cardholder Agreement

If your card is lost, stolen or used without permission, call Coinbase Customer Service right away at the number in the Cardholder Agreement. To hold the card you must have an active, paid eligible Coinbase One membership with its subscription fee, and an annual plan is required for Coinbase One Basic. Coinbase charges no transaction fees for Digital Asset Services but includes a spread, including on card payments made from your Digital Asset Wallet. Card fees are in the Cardholder Agreement and interest disclosures. Returns and refunds follow the Cardholder Agreement and American Express rules, and refunds are applied to your balance or as that agreement provides.

Supporting quotations

Unauthorized Transactions or Errors. If your Coinbase One Card is lost, stolen, or used without your permission, call Coinbase Customer Service right away using the phone number listed in the Cardholder Agreement.
In order to be a Coinbase One Card cardholder you must have an active, paid eligible Coinbase One membership.
For Coinbase One Basic, an annual plan is required.
When we perform the Digital Asset Services, Coinbase will not charge transaction fees but will include a spread, including on payments towards your Coinbase One Card balance made with your Digital Asset Wallet, in accordance with this User Agreement.
The fees associated with your Coinbase One Card are described in your Cardholder Agreement
Returns and Refunds. Any return or refund shall be governed in accordance with your Cardholder Agreement and the rules of the American Express network. If you are entitled to a refund, it will be applied to your balance or as otherwise provided for in your Cardholder Agreement.

Not stated here

  • Card fees and interest are in the Cardholder Agreement, which was not supplied.

Charges & Financial Obligations · Company practice

The Coinbase One Card Rewards Program enrolls you at activation; statements and the portal show transactions and rewards

Coinbase One Card holders are automatically enrolled in the Coinbase One Card Rewards Program on activation and may earn bitcoin or other Supported Digital Assets for eligible purchases, under separate Rewards Program Terms & Conditions. Details of credit card transactions appear on monthly statements and the Coinbase One Card portal, which also shows rewards earned.

Supporting quotations

Rewards Program. Coinbase One Card cardholders upon activation will be automatically enrolled in the Coinbase One Card rewards program (“Coinbase One Card Rewards Program”). You may be eligible through the Coinbase One Card Rewards Program to earn bitcoin or other Supported Digital Assets that we offer from time to time for eligible purchases. Refer to the Coinbase One Card [Rewards Program Terms & Conditions](https://www.coinbase.com/legal/creditcard/rewards) for the terms concerning the Coinbase One Card Rewards Program.
Information Regarding Coinbase One Card Transactions and Rewards. You may find details regarding Credit Card Transactions that you have made or that are otherwise associated with your Coinbase One Card on your monthly statements and in the Coinbase One Card portal of the Coinbase Site (“Coinbase One Card Portal”). You may also find details regarding rewards you have earned in connection with the Coinbase One Card Rewards Program in the Coinbase One Card Portal.

Not stated here

  • The Rewards Program Terms & Conditions were not supplied.

Charges & Financial Obligations · Permission or license

The bank may restrict, suspend or cancel the card any time; closing your Coinbase One membership closes the card account

Under the Cardholder Agreement First Electronic Bank may restrict, suspend or cancel your card access at any time for any reason in its sole discretion and may refuse any transaction, including if Coinbase determines in its sole discretion that you breached the User Agreement. If you are no longer a Coinbase One member, your card account will be closed.

Supporting quotations

Restriction, Suspension, and Cancellation. As provided for in the Cardholder Agreement, First Electronic Bank may restrict, suspend, or cancel your access to the Coinbase One Card at any time and for any reason in its sole discretion. It may also refuse any transaction in its sole discretion. This includes if we determine in our sole discretion that you are in breach of the terms of the User Agreement. If you are no longer a Coinbase One member, your Coinbase One Card account will be closed.

Charges & Financial Obligations · Restriction or exception

Coinbase is not liable for loss from a merchant refusing the card, in addition to other limits

This section operates in addition to any other limitation of liability in the User Agreement. Coinbase will not be liable for any loss arising from a merchant refusing to accept a Coinbase One Card, with further exclusions listed in the following section.

Supporting quotations

Coinbase Liability. This section operates in addition to any limitation of liability expressed elsewhere in this User Agreement. In addition to any limitation of liability therein, Coinbase will not be liable to you for any loss arising from:
A merchant refusing to accept a Coinbase One Card;

Charges & Financial Obligations · Restriction or exception

Coinbase disclaims liability for purchased goods, unforeseeable events, bank decisions and legal compliance

Coinbase will not be liable for loss from goods or services you buy with the card, though you keep billing-error rights against First Electronic Bank; abnormal or unforeseen circumstances beyond its reasonable control that were unavoidable; the bank restricting, suspending or terminating a card or refusing to issue or replace it; the bank declining a transaction; Coinbase restricting, suspending or terminating your wallets or related Services; Coinbase's compliance with law or a Legal Order; or Coinbase properly following instructions of the bank or Control Party regarding Secured USDC or otherwise adhering to the security deposit agreement. If a card is faulty, liability is limited to helping replace the physical card.

Supporting quotations

The goods or services that you purchase from a merchant using a Coinbase One Card (however, you have rights in certain situations with respect to First Electronic Bank as specified in the billing-error rights statement that was provided with your Cardholder Agreement);
Any breach by Coinbase of the User Agreement due to abnormal or unforeseen circumstances beyond Coinbase’s reasonable control, which would have been unavoidable despite Coinbase’s efforts to stop it;
First Electronic Bank restricting, suspending, or terminating a Coinbase One Card or refusing to issue or replace a Coinbase One Card;
First Electronic Bank declining a Credit Card Transaction that you make or attempt to make using a Coinbase One Card;
Coinbase restricting, suspending, or terminating your USD Wallet, Digital Asset Wallet, or any related Coinbase Services; or
Coinbase’s compliance with any applicable laws and regulations or a Legal Order; or
Coinbase properly following the instructions of First Electronic Bank (or its successors or assigns) or the Control Party with respect to any Secured USDC subject to the Coinbase One Card with Security Deposit or otherwise adhering to the Coinbase One Card with Security Deposit Agreement with respect to the Secured USDC.
Where a Coinbase One Card is faulty, Coinbase’s liability shall be limited to assisting with the replacement of the physical Coinbase One Card.

Qualifications & exceptions

  • Billing-error rights against First Electronic Bank are preserved under the Cardholder Agreement.
  • Replacement help applies to the physical card.

Charges & Financial Obligations · Permission or license

The Token Sale Platform lets developers sell tokens to eligible users under additional Token Sale Terms

Coinbase makes available a Token Sale Platform where developers of certain digital assets can sell Sale Tokens to eligible users. By accessing it and buying Sale Tokens you agree to the Token Sale Terms, which govern how Coinbase provides the Token Sale Services, including on the site, and are read with the User Agreement.

Supporting quotations

Coinbase makes available a platform (the “Token Sale Platform”) where developers of certain digital assets (“Sellers”) will be able to sell those digital assets (“Sale Tokens”) to eligible users (such sales, “Sales”) (together the “Token Sale Services”). By accessing the Coinbase Token Sale Platform and purchasing Sale Tokens, you agree to be bound by these additional terms (“Token Sale Terms”).
10.1. Role of the Token Sale Terms. These Token Sale Terms govern the basis upon which Coinbase will provide you with the Token Sale Services and your use of those Token Sale Services, including within the Coinbase Site. These Token Sale Terms should be read in conjunction with this User Agreement.

Qualifications & exceptions

  • Only eligible users can buy; tokens come from the Sellers, not Coinbase.

Charges & Financial Obligations · Company commitment

Each sale shows its price, allocations, payment assets and dates; payment is only in eligible Supported Digital Assets

The platform shows information for each Sale such as the price per token or how price is determined, minimum and maximum allocation per purchaser, how allocation works, eligible payment assets, and the Opening and Closing Dates. Prices may be shown in fiat or Supported Digital Assets but are payable only in the eligible Supported Digital Assets.

Supporting quotations

10.2. Where to Find Information. The Token Sale Platform for a particular Sale will display certain information related to the Sale, such as the price per Sale Token or the manner of determining price, the minimum and maximum allocation to each purchaser, the manner of allocation, the Supported Digital Assets that are eligible for use as payment, and the start date (the “Opening Date”) and end date (the “Closing Date”) from and to which the Sale Tokens will be available for sale. Prices for tokens on the Token Sale Platform may be displayed in fiat or Supported Digital Assets, but will be payable only in the Supported Digital Assets that are eligible for use as payment.

Charges & Financial Obligations · Procedure

To buy Sale Tokens you need enough eligible assets; your order is a standing instruction to purchase

To place an order you must hold the required amount of eligible Supported Digital Assets. On the Opening Date you can commit an amount you choose, subject to minimum and maximum allocations and any restrictions you place on the order. These orders are a standing specific instruction to execute a purchase of Sale Tokens on the platform.

Supporting quotations

10.3. Purchasing Sale Tokens. To place an order to purchase Sale Tokens, you must have the required amount of eligible Supported Digital Assets in your Coinbase Account to complete such purchase. On the Opening Date, Coinbase will allow you to commit an amount of eligible Supported Digital Assets determined by you to purchase the relevant Sale Tokens, which will be subject to minimum and maximum allocations and any restrictions you place on your order, if applicable. Such orders constitute a standing specific instruction from you to execute an order to purchase Sale Tokens on the Token Sale Platform.

Charges & Financial Obligations · Restriction or exception

Committed assets are locked until the sale is cancelled or allocated; your request may be filled partly or not at all

Supported Digital Assets needed to fulfil your purchase are committed from the time you place the order, and you authorize Coinbase to lock them in a designated wallet until the sale completes. They are treated as financial assets under Division 8 of the California UCC per Section 2.7.2. Your order is only a request, so your allocation may not be filled in full, or at all, and the maximum depends on eligibility. You cannot transfer, withdraw or change the commitment until the sale is cancelled under Section 10.7 or the final allocation under Section 10.5, after which any unused amount is free to move.

Supporting quotations

Any Supported Digital Assets that are necessary to fulfill your purchase obligation in full will be committed from the time you place your order
you authorize Coinbase to lock these Committed Digital Assets until completion of the Sale
Committed Digital Assets will be treated as “financial assets” under Division 8 of the California Uniform Commercial Code pursuant to Section 2.7.2 of this User Agreement.
Your Committed Digital Assets are a request for Sale Tokens and your allocation request may not be filled in its entirety, or at all.
You acknowledge and agree that you will not be able to transfer or withdraw any of the Committed Digital Assets, or modify your request, until the earlier of: (a) the cancellation of the Sale process pursuant to Section 10.7; or (b) the final allocation of Sale Tokens pursuant to Section 10.5, in which case, if you did not receive your full allocation, you will be free to transfer or withdraw the amount of Committed Digital Assets that were not used to purchase Sale Tokens.

Qualifications & exceptions

  • The lock ends at the earlier of sale cancellation or final allocation.

Charges & Financial Obligations · Company practice

After closing, allocated tokens are credited and payment goes to the Seller; Coinbase may charge fees

After the Closing Date, unless the sale is cancelled, Coinbase credits your wallet with the Sale Tokens allocated and purchased from the Seller and transfers the matching value of Committed Digital Assets to the Seller. Credited tokens are treated as Supported Digital Assets subject to Section 2.7. Coinbase may charge a fee on your order, and by ordering you agree to pay applicable fees, which are disclosed when you place the order and described on a linked page.

Supporting quotations

10.5. Sale Completion / Allocation. Following the Closing Date, unless the Sale has been cancelled pursuant to Section 10.7, Coinbase will credit your Digital Asset Wallet with the Sale Tokens you have been allocated and purchased from the Seller, and transfer the corresponding value of Committed Digital Assets to the Seller. Sale Tokens credited to your Digital Asset Wallet are treated as Supported Digital Assets and subject to Section 2.7 of this User Agreement.
Coinbase may charge a fee in connection with your order to purchase Sale Tokens and by placing an order on the Token Sale Platform, you agree to pay all applicable fees.
will be disclosed to you at the time you place such order

Not stated here

  • Fee amounts are on a linked page that was not supplied.

Charges & Financial Obligations · Company commitment

The Seller or Coinbase may cancel a sale; committed assets are released within 25 calendar days

The Seller or Coinbase may cancel a Sale after it has begun. To the extent Coinbase holds your Committed Digital Assets, it will release them within 25 calendar days from the cancellation date, after which they are no longer committed and you can transfer or withdraw them.

Supporting quotations

10.7. Sale Cancellation. The Seller or Coinbase may cancel a Sale after it has begun, in which case, to the extent Coinbase is holding any of your Committed Digital Assets, Coinbase will release such Committed Digital Assets within 25 calendar days from the date of the Sale cancellation, and such assets shall cease to be committed to the relevant Sale and you will be able to transfer or withdraw them.

Qualifications & exceptions

  • The release deadline is 25 calendar days from cancellation, not immediate.

Charges & Financial Obligations · Restriction or exception

You buy directly from the Seller; Coinbase is not seller, underwriter or issuer and does not verify Seller disclosures

In a Sale you buy Sale Tokens directly from the Seller, who prices them. Coinbase is not the seller, underwriter or issuer, and you enter an agreement with the Seller whose terms may be shown on the platform. Coinbase is not responsible if the Seller fails to comply with that agreement. Sale Disclosures such as whitepapers are provided by the Seller for general information only; Coinbase does not verify them and gives no assurance about accuracy, completeness or sufficiency, and has no liability for inaccuracies.

Supporting quotations

10.8. Transaction counterparties. In a Sale, you are purchasing Sale Tokens directly from the Seller. Sale Tokens are priced by the Seller. You acknowledge and agree that Coinbase is not the seller, underwriter, or issuer of any Sale Tokens, and by purchasing Sale Tokens, you are entering into an agreement (the terms of which may be displayed on the Token Sale Platform) to purchase the Sale Tokens from Seller. Coinbase is not responsible for any failure by the Seller to comply with the terms of any agreement between you and the Seller, whether set forth on the Token Sale Platform or in other terms provided by the Seller or its related parties.
The content of the Sale Disclosures is provided by Seller and is for general informational purposes only.
Coinbase does not verify information provided by Seller on the Sale Disclosures and makes no assurance, representations or warranties, express or implied, regarding the accuracy, completeness, or sufficiency of the information provided and shall have no liability for any inaccuracies in such materials.

Charges & Financial Obligations · Restriction or exception

Coinbase makes no warranty about Sale Tokens, may stop supporting them, and you assume all risk

Without limiting Section 8.2, Coinbase makes no warranty about any Sale Tokens, including title, merchantability, fitness and non-infringement, absence of errors or malware, that tokens or associated protocols will function as described or launch, that the Seller complied with law, or that using the tokens complies with law. It does not guarantee a market or any price level. Coinbase may stop supporting Sale Tokens after delivery, in which case you may need to withdraw them. You assume all risks and liabilities from buying, selling or using Sale Tokens and are encouraged to consult independent advisors.

Supporting quotations

Without limitation of Section 8.2 of these Terms, Coinbase makes no warranty with respect to any Sale Tokens, including any warranty of title, merchantability, fitness for a particular purpose and/or non-infringement, that the Sale Tokens will be free from errors, glitches, bugs, viruses or other malicious software, that the Sale Tokens or any associated protocol will function as described in any materials provided by the Seller or that any associated protocol will launch, that Seller has complied with applicable law in connection with the issue, development, or sale of the Sale Tokens, or that the use of Sale Tokens or any associated protocol will comply with applicable law.
Coinbase does not guarantee that there will be a market in Sale Tokens or that Sale Tokens will maintain any specific price level.
Coinbase may cease to support any Sale Tokens (as Supported Digital Assets) following the delivery thereof to your Coinbase Account, and in that case you may need to withdraw your Sale Tokens.
you assume all risks and liabilities associated with the purchase, sale or use of any Sale Tokens

Charges & Financial Obligations · Company practice

Equities trade through Coinbase Capital Markets Corporation, a separate broker, with Apex Clearing as carrying broker

Equities trading in the United States is made available through Coinbase Capital Markets Corporation, a FINRA and SIPC member. Securities services from CCM are separate from the digital asset services of Coinbase, Inc. and its affiliates. Execution, clearing and custody of all securities are provided by CCM's carrying broker, Apex Clearing Corporation. More about CCM is on FINRA BrokerCheck, and CCM's customer agreement, fees and disclosures are on a linked page.

Supporting quotations

Equities trading is made available in the United States through Coinbase Capital Markets Corporation (“CCM”) member FINRA /SIPC (https://www.sipc.org). Securities services offered by Coinbase Capital Markets Corp are separate from digital asset services provided by Coinbase Inc., and any affiliates. Additional information about your broker, Coinbase Capital Markets Corp, can be found on FINRA’s BrokerCheck (https://brokercheck.finra.org). Execution, clearing and custody of all securities are provided by CCM’s carrying broker - Apex Clearing Corporation.
11.1. Where to Find Information. Additional information related to CCM, equities trading, any fees, and the role of Apex Clearing Corporation - including a copy of your CCM Customer Agreement, and related documents and disclosures - can be found at [https://coinbase.com/ccm](https://coinbase.com/ccm).

Not stated here

  • The CCM Customer Agreement and related disclosures are on a linked page that was not supplied.

Charges & Financial Obligations · Restriction or exception

SIPC does not cover digital assets or USD Wallet cash; the USD cash FDIC pass-through terms repeat Section 2.8

SIPC does not apply to digital assets or cash held in your USD Wallet. The section repeats the Section 2.8 terms: USD held as cash is pooled in custodial accounts at insured institutions with possible pass-through FDIC or NCUSIF insurance up to the per-depositor limit (currently $250,000 per individual), contingent on correct customer information, accurate records and the regulator's determination in a receivership. Coinbase may also invest funds in liquid investments such as U.S. treasuries or government money market funds, owns the earnings, says it will not use customer funds for operating expenses, and is not itself an insured bank or credit union.

Supporting quotations

SIPC does not apply to digital assets or cash held in your USD Wallet.
To the extent your USD is held as cash, the balance of your USD Wallet is maintained in pooled custodial accounts at one or more financial institutions insured by the Federal Deposit Insurance Corporation (“FDIC”) or the National Credit Union Share Insurance Fund (“NCUSIF”). Coinbase may also place your funds in liquid investments, which may include but are not limited to U.S. treasuries or U.S. government money market funds, in accordance with state money transmitter laws. Your funds may be held in any one of these manners.
Our custodial cash accounts have been established in a manner to make available pass-through FDIC or NCUSIF insurance available up to the per-depositor coverage limit then in place (currently $250,000 per individual). Availability of pass-through insurance is contingent upon factors including Coinbase having correct information about you as a customer and maintaining accurate records, and on the determination by the relevant federal regulator as receiver, at the time of a receivership of a bank or credit union holding a custodial account.
Coinbase is not an FDIC-insured bank or NCUSIF-insured credit union. Coinbase owns the interest or other earnings on these investments. Coinbase will not use customer funds for its operating expenses or any other corporate purposes.

Qualifications & exceptions

  • Pass-through insurance is contingent, and applies to USD held as cash, not digital assets.

Charges & Financial Obligations · Permission or license

Standing instructions let Coinbase receive CCM free credit balances and send your cash to pay for trades

If you have a brokerage account with CCM, you give Coinbase a standing instruction to receive from CCM's clearing and carrying broker-dealer any free credit balance, including sale proceeds, cash dividends and interest, and to reserve or hold funds for pending orders or conditional offers to buy, as required. You also instruct Coinbase to promptly process and transfer your cash funds to the carrying broker-dealer to pay for securities purchases made through the brokerage account.

Supporting quotations

11.3. Trading Equities Through CCM. Where you maintain a brokerage account with our affiliate (“Brokerage Account”), CCM, you hereby agree to provide us (Coinbase) with a standing instruction to receive from CCM’s clearing and carrying broker-dealer any free credit balance, including those derived from sale proceeds, cash dividends and interest, held in your Brokerage Account and a standing instruction for us reserve or hold funds in connection with pending orders or conditional offers to buy placed through your Brokerage Account, as required, and to promptly process and transfer your cash funds held in your Account to CCM’s clearing and carrying broker-dealer to pay for securities purchases you effected through your Brokerage Account.

Charges & Financial Obligations · Permission or license

If a trade fails or reverses, Coinbase may use or liquidate your property to cover CCM's losses without notice

If you fail to pay for a security you buy, fail to deliver a security you sell through CCM, or a transfer of securities into your CCM account fails or is reversed, you authorize Coinbase, on CCM's demand for payment and without notice to you, to use your property under Coinbase's control to cover losses CCM suffers from the failure or reversal, including by liquidating that property.

Supporting quotations

If you fail to pay for a security you purchase, fail to deliver a security you sell through CCM, or a transfer of securities into your account at CCM fails or is reversed, you hereby authorize us, upon CCM’s demand for payment made to us and without notice to you, to use your property cover any losses that CCM may suffer as a result of any such failure or reversal, by using any property of yours under our control to make CCM whole, including liquidating any such property.

Qualifications & exceptions

  • Triggered by CCM's demand for payment; no notice to you is promised.

Charges & Financial Obligations · Procedure

Direct Deposit routes pay or government payments to your account via a virtual number, not a bank account

If you are eligible and have completed identity verification, you may have all or part of a paycheck or eligible federal or state government payment deposited into your Coinbase Account. You enroll by giving your employer, payroll provider or government payer the virtual account and routing numbers Coinbase provides. These numbers exist solely to receive payroll and eligible government payments and do not represent a bank account in your name. The recipient's name must match your account name, and the first deposit may take two to three payroll cycles.

Supporting quotations

If you are [eligible](https://help.coinbase.com/en/coinbase/trading-and-funding/direct-deposit/intro) for our Direct Deposit feature (“Direct Deposit”), and have completed identity verification, you may arrange to have all or part of your paycheck or any eligible federal or state government benefit or payment deposited into your Coinbase Account.
1.1. Enrollment. You can enroll in Direct Deposit by providing your employer, payroll provider or applicable government payer with the virtual account and routing numbers we provide to you. The virtual account and routing number are provided solely to facilitate electronic receipt of payroll and eligible government payments into your Coinbase Account. The virtual account and routing number do not represent a bank account in your name. Coinbase does not make any representations about your employment status by enrollment in Direct Deposit. The recipient's name on any direct deposits must match the name on your Coinbase Account. Your first direct deposit may take 2–3 payroll cycles to begin, as determined by your employer, payroll provider or applicable government payor. Please visit the [Help Center](https://help.coinbase.com/en/coinbase/trading-and-funding/direct-deposit/manage) for more details on enrolling in direct deposit.

Qualifications & exceptions

  • Eligibility and identity verification are required.
  • Timing depends on the payer.

Charges & Financial Obligations · User right or choice

You may convert direct deposit funds into digital assets by recurring purchases that are not FDIC-insured

You may elect to convert some or all of your direct deposit funds into a Supported Digital Asset, though not every Supported Digital Asset is available. Each conversion is a purchase at the price at the time on Coinbase, and you authorize recurring purchases according to your allocations, which you can change any time. Digital assets can rise or fall against the US dollar and are not FDIC insured. The Help Center explains how USD balances are insured.

Supporting quotations

Allocation and Conversion to Digital Assets. You may elect to convert some or all of your direct deposit funds into a Supported Digital Asset. Not all Supported Digital Assets are available for Direct Deposit. Each conversion is a purchase of the Supported Digital Asset at the price at the time of conversion on Coinbase, and you authorize recurring purchases according to your allocations. You can change your allocations at any time. Digital assets can appreciate or depreciate relative to US dollars (“USD”) and are not insured by the Federal Deposit Insurance Corporation (FDIC). Please visit the Help Center for more information, including how USD balances are insured.

Charges & Financial Obligations · Company practice

No setup fees; trading fees waived on conversions but a spread may apply; typically 3-5 business days; limits

Coinbase charges no fees to set up or maintain Direct Deposit and waives trading fees on associated conversions, though a spread may still apply. You are responsible for fees on later transactions. Funds typically become available 3-5 business days (excluding Federal holidays) after the payer initiates the deposit, or sometimes sooner; availability is not guaranteed and can be delayed by holidays or processing. Coinbase may set limits on the size or number of deposits in its sole discretion and may accept, reject or limit transfers.

Supporting quotations

We do not charge any fees to set up or maintain Direct Deposit and we will waive the Coinbase trading fees on Digital Asset conversions associated with Direct Deposit. A spread may still apply to Digital Asset conversions.
The availability of your Direct Deposit funds is subject to the timing of your payer’s funding processes.
Funds transferred via Direct Deposit will typically be available 3-5 business days (excluding Federal holidays) from the day your payer initiated the deposit, or sometimes sooner. Availability is not guaranteed and may vary by payer, third-party payroll provider used by your payer, and payroll schedule. Deposits may be delayed for federal or bank holidays or other processing delays that are out of our control.
Transfer Limits. We may, at our sole discretion, set limits or restrictions on the size or number of direct deposit transactions you can make. You can find the initial limits for Direct Deposit in the [Help Center](https://help.coinbase.com/en/coinbase/trading-and-funding/direct-deposit/intro). We reserve the right to accept, reject or limit transfers via Direct Deposit in our sole discretion.

Qualifications & exceptions

  • The fee waiver covers set-up, maintenance and trading fees on associated conversions; a spread may apply.
  • Availability times are typical, not guaranteed.

Not stated here

  • The initial limits are on a linked Help Center page that was not supplied.

Charges & Financial Obligations · Restriction or exception

Reversed or returned deposits are debited from your account and recovered from your balances and later deposits

If a credited direct deposit is reversed or returned, Coinbase reverses the credit by debiting your account for that amount and recovers it by applying funds in your account, including payouts or credits due to you such as your next or subsequent direct deposit. You can review your transaction history in the app to confirm each deposit.

Supporting quotations

Reversals and Returns. If a credited direct deposit is reversed or returned, Coinbase will reverse the credit by debiting your Coinbase Account in the amount of the reversal and will recover such amount by applying funds in your Coinbase Account, including any payouts or credits due to you (including your next or subsequent direct deposit).
Transaction History. You may review your transaction history on the Coinbase app to verify that each direct deposit has been received.

Charges & Financial Obligations · Company practice

Coinbase may offer partner-branded stablecoins issued by Coinbase and designed to be backed one-to-one by USDC

In some jurisdictions Coinbase may let you mint (shown as buy), redeem (shown as sell), hold or transfer Digital Assets that Coinbase or its affiliates issue but that carry a third-party partner's branding. Each Coinbase Custom Stablecoin is designed to be backed one-to-one by USDC, the Reserve Asset. To mint or redeem you need an account in good standing. Geographic restrictions may apply and eligibility is subject to change.

Supporting quotations

13. Coinbase Custom Stablecoins
13.1. Using Coinbase Custom Stablecoins. In some jurisdictions, Coinbase may make available to you the ability to mint (which may be displayed as ‘buy’), redeem (which may be displayed as ‘sell’), hold, or transfer certain Digital Assets that are issued by Coinbase or its affiliates but bear the branding of third-party partners (each, a “CCS Partner”) (such Digital Assets, “CCS”). Each CCS is designed to be backed one-to-one by USDC (“Reserve Asset”). To mint or redeem a CCS, you will need to be a Coinbase customer with a Coinbase Account in good standing. Additional geographic restrictions may apply, and eligibility is subject to change. By electing to mint a CCS, you understand and agree that:

Qualifications & exceptions

  • Offered only in some jurisdictions; 'designed to be' backed one-to-one rather than a guarantee.

Charges & Financial Obligations · Company commitment

CCS holders own an interest in the USDC Reserve Asset held in custody, but the cross-references cite Section 12 numbers

Each CCS represents an ownership interest in a corresponding Reserve Asset held by Coinbase, and while you hold it you keep the economic value and risk of that asset. Selling or transferring a CCS transfers ownership of the Reserve Asset and the redemption right. The Reserve Asset is held by Coinbase as a custodial asset for CCS holders; ownership and title stay with them and do not pass to Coinbase, and Sections 2.7 through 2.7.4 apply mutatis mutandis. CCS are ERC-20 or SPL tokens that may be compatible with third-party protocols or software. The cross-references in these provisions name Sections 12.1.3 and 12.3, while the stablecoin section is numbered 13.

Supporting quotations

13.1.1. Each CCS represents an ownership interest in a corresponding Reserve Asset held by Coinbase in accordance with, and subject to the conditions set forth in Section 12.1.3 of this Appendix 4. By obtaining a CCS, you remain (for so long as you hold the CCS) entitled to all of the economic value and risk of the underlying Reserve Asset.
13.1.2. Selling or otherwise transferring a CCS automatically transfers ownership of an underlying Reserve Asset and the right to redeem described in Section 12.3 below, and entitles the recipient to the attendant economic value and risk of the Reserve Asset, subject to the terms of this Agreement.
13.1.3. The Reserve Asset backing a CCS is held by Coinbase as a custodial asset for the benefit of holders of such CCS, and ownership of and title to these assets shall remain with the holders and not transfer to Coinbase. Section 2.7, 2.7.1, 2.7.2, 2.7.3 and 2.7.4 of the User Agreement shall apply, mutatis mutandis, to any Reserve Asset held on behalf of holders of a corresponding CCS to the same extent as any Reserve Asset held by Coinbase on behalf of Coinbase customers.
13.1.4. CCS are ERC-20 and/or SPL tokens and may be compatible with protocols or other software or technology provided by third parties.

Qualifications & exceptions

  • Several internal references read 12.x although the stablecoin terms are numbered 13.x in the source.

Not stated here

  • Which section the 12.x references are meant to point to is not stated.

Charges & Financial Obligations · Restriction or exception

CCS holders accept value, price, liquidity, third-party and regulatory risks; Coinbase may pause redemptions

You accept that Coinbase does not guarantee the value of the Reserve Asset held for CCS holders and is not responsible for changes in it. A CCS's external price could diverge from the Reserve Asset because of market fluctuations or CCS Partner-specific risks, and in a significant price dislocation Coinbase may pause redemptions. Coinbase does not guarantee a successful exchange or sale and will not backstop liquidity, does not guarantee the security or function of compatible third-party technology, does not control the underlying protocols (so Section 2.6 applies), and regulation could limit its services for a CCS.

Supporting quotations

13.2.2. Coinbase does not guarantee the value of a Reserve Asset held on behalf of holders of a corresponding CCS.
13.2.3. Coinbase is not responsible for any change in the value of a Reserve Asset held on behalf of holders of a corresponding CCS.
13.2.4. The external price of a CCS could diverge from the price of a corresponding Reserve Asset because of market fluctuations or CCS Partner-specific risks. In case of a significant price dislocation, Coinbase may exercise its right to pause redemptions in accordance with Section 12.3.2 of this Appendix 4.
13.2.5. Coinbase does not guarantee that obtaining a CCS will result in a successful exchange or sale of such CCS, and Coinbase will not have any obligation to backstop or otherwise intervene to guarantee liquidity of such CCS.
13.2.6. Coinbase does not guarantee the security or functionality of any protocol, software, or technology intended to be compatible with a CCS and is not responsible for any losses due to the failure of any such protocol, software or technology.
13.2.7. As with protocols for other Digital Assets, Coinbase does not own or control the underlying protocols which govern the operation of any CCS. Accordingly, all CCS are subject to Section 2.6 of the User Agreement, like other Digital Assets.
13.2.8. As with other Digital Assets, a CCS could be impacted by one or more regulatory actions, which could impede or limit the services we can provide with respect to such CCS.

Charges & Financial Obligations · Restriction or exception

Coinbase does not back the partner or any utility, and may end a partner arrangement or delist a CCS

Coinbase does not guarantee the reputation, solvency or business continuity of the CCS Partner, and the value and utility of a CCS may be affected by the partner's actions, omissions or public perception. It is not responsible for decreases in value or utility. It does not guarantee a CCS will be accepted for any goods, services or ecosystem benefits. Coinbase may terminate or suspend its arrangement with a CCS Partner or delist a CCS at any time, and in that event may give you a period to convert it to the Reserve Asset or another Supported Digital Asset, as Coinbase decides.

Supporting quotations

13.2.9. Coinbase does not guarantee the reputation, solvency or business continuity of the CCS Partner associated with a CCS. You acknowledge and agree that the value and utility of a CCS may be influenced by the actions, omissions, or public perception of the CCS Partner. Coinbase is not responsible for any decrease in the value or utility of a CCS.
13.2.10. Coinbase does not guarantee that a CCS will be accepted, recognized, or utilized for any specific goods, services, or ecosystem benefits. Coinbase is not responsible for any change in the utility associated with a CCS.
13.2.11. Coinbase reserves the right to terminate or suspend its arrangement with a CCS Partner or delist a CCS at any time. In such an event, Coinbase may provide you with a period of time to convert your CCS into the underlying Reserve Asset or another Supported Digital Asset, as determined by Coinbase.

Qualifications & exceptions

  • Offering a conversion period is optional ('may provide'), and Coinbase decides what asset you receive.

Charges & Financial Obligations · Procedure

Redeeming CCS requires good standing; it converts 1:1 to the Reserve Asset minus fees, and may not be immediate

To redeem a CCS you need a Coinbase account in good standing. Geographic restrictions may apply and eligibility may change. A redemption results in Coinbase converting the CCS and depositing the corresponding Reserve Asset in your wallet on a 1:1 basis, minus any Coinbase fees, and requests may not be processed immediately.

Supporting quotations

13.3. Redemption of a CCS
13.3.1. To successfully redeem CCS, you will need to be a Coinbase customer with a Coinbase Account in good standing. Additional geographic restrictions may apply, and eligibility is subject to change. Requests to redeem CCS (which, for the avoidance of doubt, will result in Coinbase converting such CCS and depositing the corresponding Reserve Asset to your Digital Asset Wallet on a 1:1 basis, minus any Coinbase fees) may not be processed immediately.

Qualifications & exceptions

  • Redemption is 1:1 'minus any Coinbase fees', not necessarily fee-free.

Not stated here

  • Fee amounts are not stated.

Charges & Financial Obligations · Restriction or exception

Changes go through your payer and take 1-2 payroll cycles; Coinbase may end Direct Deposit for any reason

You can change or stop direct deposit at any time by submitting changes through your payroll provider or payer. Changes take effect only when processed by your payer and received by Coinbase's Payment Partner, typically one to two payroll cycles, and Coinbase does not control payer timelines and is not responsible for delays or missed deposits from changes made with your payer. Coinbase reserves the right to terminate your Direct Deposit access, including early access to funds, for any reason.

Supporting quotations

Modifications and Cancellation. You may make changes to your direct deposit amount or discontinue participating Direct Deposit at any time by submitting changes through your payroll provider or payer. Changes become effective only when processed by your payer and received by our Payment Partner, and typically take one to two payroll cycles to take effect. Coinbase does not control your payer’s processing timelines and is not responsible for delays or missed deposits resulting from changes made with your payer.
Termination. We reserve the right to terminate your access to Direct Deposit, including the ability to access Direct Deposit funds early, for any reason.

Charges & Financial Obligations · Permission or license

Coinbase may pause or refuse CCS redemptions on price dislocation, fraud or compromise, or partner exit

In its reasonable discretion Coinbase may pause CCS redemptions if a significant price dislocation versus the Reserve Asset suggests, in its sole discretion, that supporting smart contracts or security features are compromised; refuse a redemption it suspects involves a CCS acquired through fraud; pause redemption if it suspects the minting and burning contracts are compromised; or refuse redemption if the CCS Partner arrangement has been terminated or suspended or the CCS delisted.

Supporting quotations

13.3.2. Additionally, Coinbase may, in our reasonable discretion, (i) pause redemptions of any CCS for a corresponding Reserve Asset if there is a significant dislocation in the external market price of such CCS relative to a corresponding Reserve Asset that, in Coinbase’s sole discretion, suggests that the smart contracts or other technology or security features supporting such CCS have been compromised, (ii) refuse a redemption request if we suspect that the CCS being presented for redemption was acquired through fraudulent means, (iii) pause redemption if we otherwise suspect that the security of the smart contracts used to mint and burn the applicable CCS has been compromised, or (iv) refuse a redemption request if the arrangement with the CCS Partner has been terminated or suspended, or the CCS has been delisted.

Qualifications & exceptions

  • The fourth ground, partner termination or delisting, means holders may be unable to redeem after such an event.

Charges & Financial Obligations · Restriction or exception

If the Reserve Asset falls short, Coinbase owes each CCS holder only a pro rata share of the shortfall

A CCS holder has an ownership interest in a corresponding Reserve Asset custodied by Coinbase. If the Reserve Asset held by Coinbase falls short, Coinbase's liability to any holder is limited to that holder's pro rata share of the shortfall. The clause cites Section 12.1.3 for custody, while the custody provision is numbered 13.1.3 in the source.

Supporting quotations

13.3.3. Pursuant to the terms of this Agreement, a holder of a CCS holds an ownership interest in a corresponding Reserve Asset custodied by Coinbase in accordance with Section 12.1.3 above. In the event of a shortfall in the amount of the Reserve Asset held by Coinbase, Coinbase’s liability vis-a-vis any holder of such CCS will be limited to such holder’s pro rata share of the shortfall amount.

Qualifications & exceptions

  • Liability is limited to a pro rata share of any shortfall.

Not stated here

  • The cross-reference to Section 12.1.3 does not match the stablecoin section's numbering (13.x).

Charges & Financial Obligations · Restriction or exception

Coinbase may charge mint and redeem fees; third-party wrapped CCS may be treated as unsupported and not redeemed

Coinbase may charge a fee for a request to mint or redeem a CCS, disclosed when you start the request, with changes made under Section 3.3. It may treat any version of a CCS created by a third party, for example via a third-party wrapper or bridge to an unsupported network, as an unsupported Digital Asset under Section 2.3. It may refuse or be unable to redeem such a token sent to your wallet, which may cause irreversible loss, so you should not send it.

Supporting quotations

13.4.1. Coinbase may charge a fee in connection with a request to mint or redeem a CCS, and any such fee will be disclosed to you at the time you initiate such request. Any changes to such fees will be effectuated in accordance with Section 3.3 of the User Agreement.
13.4.2. We reserve the right to treat any version of a CCS that has been created by a third party (e.g., via a third party wrapper or bridge to an unsupported network) (“Third Party Wrapped CCS”) as an unsupported Digital Asset in accordance with Section 2.3 of the User Agreement. This means that we may refuse or be unable to redeem any Third Party Wrapped CCS that is sent to your Digital Asset Wallet for the corresponding Reserve Asset, which may result in irreversible loss of such Third Party Wrapped CCS. Do not send Third Party Wrapped CCS to your Digital Asset Wallet.

Not stated here

  • Fee amounts are not stated.

Charges & Financial Obligations · Permission or license

Coinbase may upgrade CCS contracts and require migration, and may suspend CCS operations without notice during forks

Coinbase may upgrade the CCS smart contracts at any time and may require you to migrate your CCS to a new contract address, taking technical steps it considers necessary for CCS in your wallet. Underlying protocols may change operating rules suddenly, including forks. In a fork Coinbase may temporarily suspend CCS operations such as minting, redeeming and transferring without notice, and decides in its sole discretion which protocol version to support, if any.

Supporting quotations

13.4.3. Coinbase reserves the right to upgrade the CCS smart contracts at any time. In such event, we may require you to migrate your CCS to a new smart contract address. Coinbase may take any technical steps necessary or appropriate to effectuate such upgrades for CCS held in your Digital Asset Wallet.
13.4.4. You understand and agree that the underlying software protocols may be subject to sudden changes in operating rules (including “forks”). In the event of a fork, Coinbase may temporarily suspend CCS operations (including minting, redeeming, and transferring) without notice. Coinbase will determine in its sole discretion which version of the underlying protocol to support, if any.

Charges & Financial Obligations · Restriction or exception

Coinbase may freeze CCS at an address as required by law, possibly leaving you unable to transfer or redeem

Coinbase may freeze the CCS held in a wallet address as required by law or any court or other authority to which it is subject in any jurisdiction. If CCS in your address is frozen, you may be permanently unable to transfer or redeem any CCS associated with that address. The freeze clause is cited as Section 12.4.5, while it appears as 13.4.5.

Supporting quotations

13.4.5. Coinbase may freeze the CCS held in a Digital Asset wallet address as required by law or any court or other authority to which Coinbase is subject in any jurisdiction.
13.4.6. If the CCS in your Digital Asset wallet address is frozen in accordance with Section 12.4.5 of this Appendix 4, you may be permanently unable to transfer or redeem any CCS associated with such address.

Qualifications & exceptions

  • The freeze is stated as 'as required by law or any court or other authority'.

Not stated here

  • The reference to Section 12.4.5 does not match the source numbering (13.4.5).

Charges & Financial Obligations · Company commitment

Insufficient funds is a ground too; notice and reasons given unless unlawful; restrictions lifted when causes end

A further ground for restricting Card use is insufficient USD or Supported Digital Assets to cover the Total Transaction Price. If Card Transactions, Card use or any Coinbase Services are restricted, suspended or terminated this way, Coinbase will, unless unlawful, give notice and reasons where appropriate, with the procedure for correcting factual errors that led to the action. Where it declines a transaction or restricts, suspends or terminates, it will reinstate the transaction or lift the restriction as soon as reasonably practicable once the reasons end.

Supporting quotations

1.18.7. You have insufficient USD in your USD Wallet or Supported Digital Assets in your Digital Asset Wallet to cover the Total Transaction Price of a relevant Card Transaction.
we will (unless it would be unlawful for us to do so), provide you with notice of our actions and the reasons for refusal, restriction, suspension, or termination where appropriate, with the procedure for correcting any factual errors that led to the refusal, suspension or termination.
we will reinstate the Card Transaction and/or lift the restriction, suspension, or termination as soon as reasonably practicable once the reasons for decline and/or restriction, suspension, or termination cease to exist.

Qualifications & exceptions

  • Notice is promised 'where appropriate' and not if unlawful.
  • Reinstatement is as soon as reasonably practicable once the reasons cease.

Charges & Financial Obligations · Restriction or exception

No liability for merchant refusals, Pathward decisions or its own restrictions; faulty Cards get replacement help

In addition to other limits in the User Agreement, Coinbase is not liable for loss from a merchant refusing the Card; a breach caused by abnormal or unforeseen circumstances beyond its reasonable control that were unavoidable despite its efforts; Pathward restricting, suspending or terminating a Card or refusing to issue or replace one under the Card Terms; Pathward declining a transaction; Coinbase restricting, suspending or terminating your wallets or related Services; or Coinbase's compliance with laws and regulations. It is not liable for goods or services bought with the Card. If a Card is faulty, its liability is limited to helping replace it.

Supporting quotations

1.20. Coinbase Liability. This section operates in addition to any limitation of liability expressed elsewhere in this User Agreement.
1.20.1. Coinbase will not be liable to you for any loss arising from:
1.20.1.1. A merchant refusing to accept a Card;
1.20.1.2. Any breach by Coinbase of the User Agreement due to abnormal or unforeseen circumstances beyond Coinbase’s reasonable control, which would have been unavoidable despite Coinbase’s efforts to stop it;
1.20.1.3. Pathward restricting, suspending, or terminating a Card or refusing to issue or replace a Card in accordance with these Coinbase Card Terms;
1.20.1.4. Pathward declining a Card Transaction that you make or attempt to make using a Card;
1.20.1.5. Coinbase restricting, suspending, or terminating your USD Wallet, Digital Asset Wallet, or any related Coinbase Services; or
1.20.1.6. Coinbase’s compliance with any applicable laws and regulations.
1.20.2. Coinbase will not be liable for the goods or services that you purchase from a merchant using a Card.
1.20.3. Where a Card is faulty, Coinbase’s liability shall be limited to assisting with the replacement of the Card.

Qualifications & exceptions

  • Operates in addition to the general limitation of liability in Section 8.2.

Charges & Financial Obligations · Restriction or exception

USDC is not legal tender; Coinbase may use it only for Secured USDC; your USDC Wallet is not a deposit account

In capital letters, USDC Rewards says USDC is not legal tender or currency, is a Supported Digital Asset, and Coinbase has no right to use any USDC in your account except in connection with Secured USDC. Coinbase is not a depository institution and your USDC Wallet is not a deposit account.

Supporting quotations

USDC IS NOT LEGAL TENDER OR CURRENCY. USDC IS A SUPPORTED DIGITAL ASSET AND COINBASE HAS NO RIGHT TO USE ANY USDC IN YOUR COINBASE ACCOUNT EXCEPT IN CONNECTION WITH SECURED USDC, AS DESCRIBED UNDER THIS AGREEMENT. COINBASE IS NOT A DEPOSITORY INSTITUTION, AND YOUR USDC WALLET IS NOT A DEPOSIT ACCOUNT.

Qualifications & exceptions

  • The Secured USDC exception ties to the Coinbase One Card terms.

Charges & Financial Obligations · User right or choice

Eligible users earn USDC Rewards while holding $1 of USDC; opting out or closing forfeits undistributed rewards

If you are eligible, you earn rewards for holding USDC in your account, including Secured USDC, so long as you hold at least $1 of USDC. If your balance drops below $1 or you are deemed ineligible, enrollment pauses and you keep rewards accrued but not yet distributed, to be distributed as described under Calculation. You can opt out or back in at any time. If you opt out or close your account, you forfeit rewards accrued and not yet distributed for the current calendar month.

Supporting quotations

If you are [eligible](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/usd-coin-rewards-faq), you can earn rewards for holding USDC in your Coinbase Account, including any Secured USDC.
So long as you hold at least $1 of USDC in your Coinbase Account, you will automatically earn amounts of USDC
If at any time you do not hold at least $1 of USDC in your Coinbase Account, your enrollment in USDC Rewards will be paused until such time that you do hold at least $1 of USDC in your Coinbase Account. During such period you will retain all USDC Rewards previously accrued but not yet distributed. Such accrued rewards will be distributed as described below in the “Calculation” section.
If at any time you are deemed [ineligible]
You can opt-out of, or back into, USDC Rewards at any time
If you opt-out of USDC Rewards or close your Coinbase Account, you will forfeit the rewards you have accrued (that are not yet distributed for the current calendar month) up to that time.

Not stated here

  • The eligibility criteria are on a linked FAQ page that was not supplied.

Charges & Financial Obligations · Company practice

Rewards accrue daily at the current rate on your average daily balance and are airdropped weekly

Rewards are earned daily in USDC at the then-current USDC Rewards Rate, which with the annual percentage yield (including weekly compounding) is published on linked pages. Rewards earned in a week are airdropped to your USDC wallet within five business days after the next calendar week starts, rounded down to the sixth decimal place. Coinbase uses the Daily Balance Method, using your average USDC balance that day, and the daily rate is the current rate divided by 365. Based on your preference, rewards may be paid in an equivalent value of another supported digital asset, which is subject to market volatility and may gain or lose value.

Supporting quotations

Rewards are earned on a daily basis in the form of USDC at the then current USDC Rewards Rate.
Our current USDC Rewards Annual Percentage Yield, which includes the effect of weekly compounding
Rewards earned in a particular week are airdropped into your Coinbase USDC wallet within five (5) business days after the start of the next calendar week.
USDC Rewards distributed to you are rounded-down to the nearest sixth decimal place.
We use the Daily Balance Method to determine the rewards you earn for a particular day, using your average balance of USDC on that specific day as that day’s balance. The rate used to determine rewards earned for a particular day is the then current USDC Rewards Rate divided by 365.
Based on your selected preference, rewards accrued in USDC may be distributed to you in an equivalent value of another supported digital asset. Any such rewards distributed in a digital asset other than USDC are subject to market volatility and may gain or lose value.

Qualifications & exceptions

  • The current rate and yield are on linked pages and can change.
  • Rewards paid in another digital asset are exposed to market volatility.

Not stated here

  • The current USDC Rewards Rate and APY were not supplied.

Cross-references