| Before | After | ||
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| 0 | Legal Coinbase User Agreements On this page → Individual User Agreement → Coinbase Business User Agreement Not sure which one applies to you? | 0 | Coinbase User Agreements On this page → Individual User Agreement → Coinbase Business User Agreement Not sure which one applies to you? |
| 7 | Individual User Agreement Last updated: March 9, 2026 Welcome to Coinbase! | 7 | Individual User Agreement Last updated: April 20, 2026 Welcome to Coinbase! |
| 8 | This is a User Agreement between you (also referred to herein as “ User, ” or “customer”) and Coinbase, Inc. | 8 | This is a User Agreement between you (also referred to herein as “User,” or “customer”) and Coinbase, Inc. |
| 9 | (" Coinbase, " “we,” “us,” and “our”). | 9 | ("Coinbase," “we,” “us,” and “our”). |
| 10 | This User Agreement (" Agreement " or “User Agreement” ) governs your use of the services provided by Coinbase described below and such other services that may be offered by Coinbase from time to time (" Coinbase Services " or " Services "). | 10 | This User Agreement ("Agreement" or “User Agreement”) governs your use of the services provided by Coinbase described below and such other services that may be offered by Coinbase from time to time ("Coinbase Services" or "Services"). |
| 11 | By signing up to use a Coinbase account or service through coinbase.com , Coinbase’s APIs, the Coinbase mobile application, or any other Coinbase website (collectively the " Coinbase Site "), or by obtaining, holding or using a wrapped token issued by Coinbase, you agree that you have read, understand, and accept all of the terms and conditions contained in this Agreement including our Privacy Policy , Cookie Policy , Prohibited Use Policy and E-Sign Disclosure and Consent Policy in Appendix 2. | 11 | By signing up to use a Coinbase account or service through coinbase.com , Coinbase’s APIs, the Coinbase mobile application, or any other Coinbase website (collectively the "Coinbase Site"), or by obtaining, holding or using a wrapped token or a Coinbase Custom Stablecoin issued by Coinbase, you agree that you have read, understand, and accept all of the terms and conditions contained in this Agreement including our Privacy Policy , Cookie Policy , Prohibited Use Policy and E-Sign Disclosure and Consent Policy in Appendix 2. |
| 101 | Notwithstanding the foregoing, title to Supported Digital Assets may be transferred to a third party pursuant to the Secured USDC terms of the Coinbase One Card in Appendix 4. | ||
| 106 | Except as required by law, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Supported Digital Assets in your Digital Asset Wallet unless instructed by you (and, when so instructed by you, only where permitted by law). 2.7.2 Application of the Uniform Commercial Code. | 107 | Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Supported Digital Assets in your Digital Asset Wallet, except: (i) as required by law, including in response to an order or claim of garnishment, levy, lien, or security interests; (ii) as instructed by you (and, when so instructed by you, only where permitted by law); or (iii) if applicable, Secured USDC (defined below), pursuant to the terms of the Coinbase One Card with Security Deposit Cardholder Agreement (defined below) in Appendix 4. |
| 108 | You consent to all such permitted transfers. 2.7.2 Application of the Uniform Commercial Code. | ||
| 110 | Coinbase will comply with your instructions with respect to your Supported Digital Assets, subject to the terms of this User Agreement. 2.7.3. Control and Customer Instructions. | 112 | Coinbase will comply with your instructions with respect to your Supported Digital Assets, subject to the terms of this User Agreement (including the Coinbase One Card section of Appendix 4). 2.7.3. Control and Customer Instructions. |
| 112 | At any time, subject to outages, downtime, protocol requirements, time to conduct blockchain operations to fulfill your request, and other applicable policies, you may withdraw your Supported Digital Assets by instructing Coinbase to debit the applicable Supported Digital Asset from your Digital Asset Wallet and transfer the Digital Assets to a different blockchain address. | 114 | At any time, subject to outages, downtime, protocol requirements, time to conduct blockchain operations to fulfill your request, restrictions on Secured USDC, and other applicable agreements or policies, you may withdraw your Supported Digital Assets by instructing Coinbase to debit the applicable Supported Digital Asset from your Digital Asset Wallet and transfer the Digital Assets to a different blockchain address. |
| 113 | As long as you continue to hold Supported Digital Assets with Coinbase, Coinbase shall retain control over electronic private keys associated with blockchain addresses operated by Coinbase, including the blockchain addresses used to hold the Supported Digital Assets credited to your Digital Asset Wallet. 2.7.4. Omnibus Accounts. | 115 | As long as you continue to hold Supported Digital Assets with Coinbase, Coinbase shall retain control over electronic private keys associated with blockchain addresses operated by Coinbase, including the blockchain addresses used to hold the Supported Digital Assets credited to your Digital Asset Wallet. |
| 116 | To the extent you designate any USDC in your Digital Asset Wallet as Secured USDC, you agree that you will be restricted from any withdrawals or transfers of such Secured USDC and that, pursuant to the related Coinbase One Card with Security Deposit Cardholder Agreement, Coinbase may comply solely with the instructions and the entitlement orders of the party designated as the secured party for such Secured USDC without further consent from you, without any regard to any inconsistent or conflicting instructions or entitlement orders given to Coinbase by you. 2.7.4. Omnibus Accounts. | ||
| 228 | In the event that there are outstanding amounts owed to us hereunder, including in your Coinbase Account, Coinbase reserves the right to debit your Coinbase Account accordingly and/or to withhold amounts from funds you may transfer between your Coinbase Accounts. 5. | 231 | In the event that there are outstanding amounts owed to us hereunder, including in your Coinbase Account, Coinbase reserves the right to debit your Coinbase Account accordingly and/or to withhold amounts from funds you may transfer between your Coinbase Accounts. |
| 232 | Any Secured USDC will not be debited by Coinbase for any amount you owe to Coinbase, although such Secured USDC may be transferred to a third party as further explained in the Coinbase One Card section of Appendix 4. | ||
| 233 | However, Coinbase may debit such Secured USDC in the event it is no longer designated as “secured” subject to the terms of the applicable Coinbase One Card with Security Deposit Cardholder Agreement. 5. | ||
| 412 | Colorado Division of Banking 1560 Broadway, Suite 975, Denver, CO 80202 Phone: 303-894-7575 Fax: 303-894-7570 E-mail: DORA_BankingWebsite@state.co.us District of Columbia If you have a complaint, please contact Coinbase, Inc. at 1-888-908-7930 or https://help.coinbase.com/en/contact-us . | 417 | Colorado Division of Banking 1560 Broadway, Suite 975, Denver, CO 80202 Phone: 303-894-7575 Fax: 303-894-7570 E-mail: DORA_BankingWebsite@state.co.us 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. |
| 418 | 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. | ||
| 419 | 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. | ||
| 420 | 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. | ||
| 421 | 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. | ||
| 422 | 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. | ||
| 423 | If you have a complaint or questions, please contact Coinbase, Inc. | ||
| 424 | Support at 1-888-908-7930 or https://help.coinbase.com/en/contact-us . | ||
| 425 | If you still have an unresolved complaint regarding Coinbase, Inc. money transmission activity, you may submit a formal complaint via https://help.coinbase.com/en/contact-us/submit-a-complaint. | ||
| 426 | You may also contact the Connecticut Department of Banking at https://portal.ct.gov/dob/consumer/consumer-complaints/money-transmitter with any complaints. | ||
| 427 | District of Columbia If you have a complaint, please contact Coinbase, Inc. at 1-888-908-7930 or https://help.coinbase.com/en/contact-us . | ||
| 507 | 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 ,” previously known as “Metabank, N.A.”). | 522 | 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 ”). |
| 523 | The Card is a debit card. | ||
| 550 | Earned and redeemed Rewards will be reflected in your Card Transaction log. 1.16. | 566 | Earned and redeemed Rewards will be reflected in your Card Transaction log. |
| 567 | The Rewards Program is offered by Coinbase and is not a product or service of Pathward. 1.16. | ||
| 568 | USDC Rewards USDC IS NOT LEGAL TENDER OR CURRENCY . | 585 | USDC Rewards USDC IS NOT LEGAL TENDER OR CURRENCY. |
| 569 | USDC IS A SUPPORTED DIGITAL ASSET AND COINBASE HAS NO RIGHT TO USE ANY USDC IN YOUR COINBASE ACCOUNT. | 586 | 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. |
| 571 | If you are eligible , you can earn rewards for holding USDC in your Coinbase Account. | 588 | If you are eligible , you can earn rewards for holding USDC in your Coinbase Account, including any Secured USDC. |
| 813 | If you are a Coinbase One member, you will have the option to apply for a Coinbase One credit card (“ Coinbase One Card ”). | 830 | If you are an eligible Coinbase One member, you will have the option to apply for a Coinbase One credit card. |
| 814 | The Coinbase One Card is issued by First Electronic Bank. | 831 | Some eligible Coinbase One members will be offered the Coinbase One Card with security deposit (“ Coinbase One Card with Security Deposit ”). |
| 815 | The Coinbase One Card is subject to approval; not every Coinbase One member will be approved. | 832 | The Coinbase One Card, including the Coinbase One Card with Security Deposit, is issued by First Electronic Bank (“ Coinbase One Card ”). |
| 816 | If you are approved for the Coinbase One Card, you must agree to the Coinbase One Card Cardholder Agreement with First Electronic Bank (“ Coinbase One Card Agreement ”). | 833 | The issuance of a Coinbase One Card to a Coinbase One member is subject to approval; not every Coinbase One member will be approved. |
| 817 | You must agree to this User Agreement, including these Coinbase One Card terms (“ Coinbase One Card Terms ”), which governs your relationship with Coinbase. | 834 | If you are approved for the Coinbase One Card, you must agree to the relevant Cardholder Agreement (defined below) with First Electronic Bank. |
| 818 | The Coinbase One Card may not be available in all states, and eligibility is subject to change. 1.1. Coinbase One Card Agreement. | 835 | You must agree to this User Agreement, including these Coinbase One Card terms (“ Coinbase One Card Terms ”), which govern your relationship with Coinbase. |
| 819 | The Coinbase One Card is governed by the Coinbase One Card Agreement. | 836 | The Coinbase One Card may not be available in all states, and eligibility is subject to change. 1.1. Cardholder Agreement. |
| 820 | Coinbase is not a party to the Coinbase One Card Agreement. | 837 | 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 ”). |
| 838 | The Coinbase One Card Agreement and the Coinbase One Card with Security Deposit Agreement, as applicable, are referred to as the “Cardholder Agreement ”. | ||
| 839 | Coinbase is not a party to the Cardholder Agreement. | ||
| 822 | In the event of a conflict between the User Agreement (including these Coinbase One Card Terms) and the Coinbase One Card Agreement, the provisions of the Coinbase One Card Agreement shall govern. 1.2. Role of the Coinbase One Card. | 841 | 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. 1.2 Coinbase One Card with Security Deposit. |
| 842 | 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 ”). | ||
| 843 | 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 (defined above). | ||
| 844 | Moreover, Coinbase is a “securities intermediary” as used in Division 8 with respect to Supported Digital Assets, and your Digital Asset Wallet is a “securities account” as used in Division 8. | ||
| 845 | If you designate Secured USDC for purposes of the Coinbase One Card with Security Deposit, you direct us to maintain custody of the Secured USDC consistent with the Coinbase One Card with Security Deposit Agreement, and 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”). | ||
| 846 | The Control Party will initially be Cardless, Inc. | ||
| 847 | ( Cardless ”), . | ||
| 848 | Such instructions may include transferring the Secured USDC to First Electronic Bank (or its successors or assigns) or the Control Party in the event of a default or your account is otherwise closed in accordance with the Coinbase One Card with Security Deposit Cardholder Agreement. | ||
| 849 | As detailed in the Coinbase One Card with Security Deposit Agreement, 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. | ||
| 850 | 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. | ||
| 851 | In the event your Coinbase One Card with Security Deposit account is closed for any reason (for example, you voluntarily close your account or you are in default), 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. | ||
| 852 | As detailed in the Coinbase One Card with Security Deposit Agreement, if your Secured USDC and the proceeds thereof are not sufficient to cover all amounts owed in connection with your Coinbase One Card with Security Deposit account, 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 (defined below). | ||
| 853 | In the event of a third party garnishment, levy, lien, security interest, or legal order to transfer any Supported Digital Assets in the Digital Asset Wallet to a third party (collectively, “ Legal Order ”), Coinbase will subject to law generally first transfer your unsecured Supported Digital Assets (or the proceeds thereof) to satisfy such Legal Order; and if your unsecured Supported Digital Assets are insufficient to satisfy the Legal Order, Coinbase may transfer your Secured USDC (or the proceeds thereof) to a third party. | ||
| 854 | Subject to law, your Secured USDC and the proceeds thereof will typically be first applied to any balance or amount owed with respect to your Coinbase One Card with Security Deposit before being transferred to satisfy a Legal Order, as provided in your Coinbase One Card with Security Deposit Agreement. | ||
| 855 | You authorize any such transfer to a third party or sale or liquidation in connection with or in response to a Legal Order, and acknowledge that any such transfer, sale, or liquidation will not relieve you of any liability with respect to the Coinbase One Card account. 1.3. Role of the Coinbase One Card. | ||
| 824 | However, the approval of any specific Credit Card Transaction is subject to the terms and conditions in the Coinbase One Card Agreement. | 857 | However, the approval of any specific Credit Card Transaction is subject to the terms and conditions in the Cardholder Agreement. |
| 825 | Please review the Coinbase One Card Agreement for such terms and conditions. 1.3. Coinbase Accounts Linked. | 858 | Please review the Cardholder Agreement for such terms and conditions. 1.4. Coinbase Accounts Linked. |
| 826 | Your USD Wallet and Digital Asset Wallet will be linked to your Coinbase One Card account. | 859 | Your USD Wallet and Digital Asset Wallet will be linked to your Coinbase One Card. |
| 831 | You agree that we may share personal information you previously provided to us with First Electronic Bank, Cardless, Inc., and with any other service provider acting on First Electronic Bank’s behalf for purposes of processing your application for a Coinbase One Card, servicing your Coinbase One Card account, and providing you benefits in connection with your Coinbase One Card or Coinbase One member accounts. | 864 | You agree that we may share personal information you previously provided to us with First Electronic Bank, Cardless, and with any other service provider acting on First Electronic Bank’s behalf for purposes of processing your application for a Coinbase One Card, servicing your Coinbase One Card account, and providing you benefits in connection with your Coinbase One Card or your Coinbase One member account. |
| 836 | Using the Coinbase One Card. 4.1. Pursuant to the terms of your Coinbase One Card Agreement, you may use the Coinbase One Card to make various Credit Card Transactions. 4.2. As provided for in your Coinbase One Card Agreement, you may only use your 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 Coinbase One Card Agreement, the User Agreement, and these Coinbase One Card Terms. 5. | 869 | Using the Coinbase One Card. 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. 5. |
| 838 | 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 Coinbase One Card Agreement. 6. | 871 | 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. 6. |
| 846 | The fees associated with your Coinbase One Card are described in your Coinbase One Card Agreement and the “Interest Rates and Interest Charges” disclosures that were provided to you in connection with your Coinbase One Card account. 7. | 879 | The fees associated with your Coinbase One Card are described in your Cardholder Agreement and the “Interest Rates and Interest Charges” disclosures that were provided to you in connection with your account. 7. |
| 848 | Any return or refund shall be governed in accordance with your Coinbase One Card Agreement and the rules of the American Express network. | 881 | Any return or refund shall be governed in accordance with your Cardholder Agreement and the rules of the American Express network. |
| 849 | If you are entitled to a refund, it will be applied to your Coinbase One Card balance or as otherwise provided for in your Coinbase One Card Agreement. 8. | 882 | If you are entitled to a refund, it will be applied to your balance or as otherwise provided for in your Cardholder Agreement. 8. |
| 856 | You may also find details regarding Coinbase One Card rewards you have earned in connection with the Coinbase One Card Rewards Program in the Coinbase One Card Portal. 10. | 889 | 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. 10. |
| 858 | As provided for in the Coinbase One Card 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. | 891 | 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. |
| 861 | If you are no longer a Coinbase One member, your Coinbase One Card account may be subject to closure. 11. | 894 | If you are no longer a Coinbase One member, your Coinbase One Card account will be closed. 11. |
| 864 | 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; 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 Coinbase One Card 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. | 897 | 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; 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 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. |
| 993 | For joint tax returns, the first‑listed filer must be the Coinbase Account holder. | 1026 | For joint tax returns, the first‑listed filer must be the Coinbase Account holder. 13. |
| 1027 | Coinbase Custom Stablecoins 13.1. Using Coinbase Custom Stablecoins. | ||
| 1028 | 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”). | ||
| 1029 | Each CCS is designed to be backed one-to-one by USDC (“Reserve Asset”). | ||
| 1030 | To mint or redeem a CCS, you will need to be a Coinbase customer with a Coinbase Account in good standing. | ||
| 1031 | Additional geographic restrictions may apply, and eligibility is subject to change. | ||
| 1032 | By electing to mint a CCS, you understand and agree that: 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. | ||
| 1033 | 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. | ||
| 1034 | 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. 13.2. Certain Risks. | ||
| 1035 | In addition, you understand, agree and accept the following risks associated with electing to mint, redeem, hold, or transfer any CCS: 13.2.1 CCS is not legal tender and is not backed by any government. | ||
| 1036 | CCS is not subject to protections or insurance provided by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC). 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. | ||
| 1037 | 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. | ||
| 1038 | 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. 13.2.9. Coinbase does not guarantee the reputation, solvency or business continuity of the CCS Partner associated with a CCS. | ||
| 1039 | 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. | ||
| 1040 | Coinbase is not responsible for any decrease in the value or utility of a CCS. 13.2.10. | ||
| 1041 | Coinbase does not guarantee that a CCS will be accepted, recognized, or utilized for any specific goods, services, or ecosystem benefits. | ||
| 1042 | Coinbase is not responsible for any change in the utility associated with a CCS. 13.2.11. | ||
| 1043 | Coinbase reserves the right to terminate or suspend its arrangement with a CCS Partner or delist a CCS at any time. | ||
| 1044 | 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. 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. | ||
| 1045 | Additional geographic restrictions may apply, and eligibility is subject to change. | ||
| 1046 | 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. 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. 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. | ||
| 1047 | 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. 13.4. Additional Terms 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. | ||
| 1048 | 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. | ||
| 1049 | 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. | ||
| 1050 | Do not send Third Party Wrapped CCS to your Digital Asset Wallet. 13.4.3. Coinbase reserves the right to upgrade the CCS smart contracts at any time. | ||
| 1051 | In such event, we may require you to migrate your CCS to a new smart contract address. | ||
| 1052 | 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”). | ||
| 1053 | In the event of a fork, Coinbase may temporarily suspend CCS operations (including minting, redeeming, and transferring) without notice. | ||
| 1054 | Coinbase will determine in its sole discretion which version of the underlying protocol to support, if any. 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. | ||
| 1666 | In addition to any of your indemnification obligations arising under the User Agreement, you will indemnify and hold harmless Coinbase and its officers, directors, employees, agents, and other Coinbase entities from and against any claims, disputes, demands, liabilities, damages, losses, and costs and expenses, including, without limitation, reasonable legal and accounting fees arising out of or in any way connected with (i) your or your Payment Acceptance Payors’ access to or use of the Payment Acceptance Services or the Protocol or (ii) your or your Payment Acceptance Payors’ violation of these terms. → INDIVIDUAL USER AGREEMENT Account Setup Hosted Wallet and Custodial Services Payment Services, Purchase & Sale Transactions, and Credit Transactions Digital Asset Transfers Data Protection and Security General Obligations, Taxes, Designating a Fiduciary and Termination Customer Feedback, Queries, Complaints, and Dispute Resolution Liabilities & Indemnification General Provisions Appendix 1: Verification Procedures and Limits Appendix 2: E-Sign Disclosure and Consent Appendix 3: State License Disclosures Appendix 4: Additional Services Coinbase Card USDC Rewards Staking Services Advanced Trading Coinbase One Dapp Wallet, DEXes, and Decentralized Applications Coinbase Verifications Coinbase Wrapped Tokens Coinbase One Card Coinbase Token Sale Platform Equities Trading Through Coinbase Capital Markets Corporation Direct Deposit Appendix 5: Dispute Resolution → COINBASE BUSINESS USER AGREEMENT Account Setup Hosted Wallet and Custodial Services Payment Services, Purchase & Sale Transactions, and Credit Transactions Digital Asset Transfers Data Protection and Security General Obligations, Taxes, Updating an Authorized Representative and Termination Feedback, Queries, Complaints, and Dispute Resolution Liabilities & Indemnification General Provisions Appendix 1: E-Sign Disclosure and Consent Appendix 2: State License Disclosures Appendix 3: Additional Services USDC Rewards Staking Services Advanced Trading Payment Acceptance Services | 1727 | In addition to any of your indemnification obligations arising under the User Agreement, you will indemnify and hold harmless Coinbase and its officers, directors, employees, agents, and other Coinbase entities from and against any claims, disputes, demands, liabilities, damages, losses, and costs and expenses, including, without limitation, reasonable legal and accounting fees arising out of or in any way connected with (i) your or your Payment Acceptance Payors’ access to or use of the Payment Acceptance Services or the Protocol or (ii) your or your Payment Acceptance Payors’ violation of these terms. Individual User Agreement Account Setup Hosted Wallet and Custodial Services Payment Services, Purchase & Sale Transactions, and Credit Transactions Digital Asset Transfers Data Protection and Security General Obligations, Taxes, Designating a Fiduciary and Termination Customer Feedback, Queries, Complaints, and Dispute Resolution Liabilities & Indemnification General Provisions Appendix 1: Verification Procedures and Limits Appendix 2: E-Sign Disclosure and Consent Appendix 3: State License Disclosures Appendix 4: Additional Services Coinbase Card USDC Rewards Staking Services Advanced Trading Coinbase One Dapp Wallet, DEXes, and Decentralized Applications Coinbase Verifications Coinbase Wrapped Tokens Coinbase One Card Coinbase Token Sale Platform Equities Trading Through Coinbase Capital Markets Corporation Direct Deposit Coinbase Custom Stablecoins Appendix 5: Dispute Resolution Coinbase Business User Agreement Account Setup Hosted Wallet and Custodial Services Payment Services, Purchase & Sale Transactions, and Credit Transactions Digital Asset Transfers Data Protection and Security General Obligations, Taxes, Updating an Authorized Representative and Termination Feedback, Queries, Complaints, and Dispute Resolution Liabilities & Indemnification General Provisions Appendix 1: E-Sign Disclosure and Consent Appendix 2: State License Disclosures Appendix 3: Additional Services USDC Rewards Staking Services Advanced Trading Payment Acceptance Services Share |
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