Coinbase · Coinbase Privacy Policy

Financial and Transaction Data Collection

High severity
Share 𝕏 Share in Share 🔒 PDF

What it is

Coinbase collects your bank account numbers, payment card details, and a full record of every cryptocurrency transaction you make — including amounts, dates, and counterparties.

Change history

added Apr 19, 2026

New explicit provision detailing collection of sensitive financial data including banking details, card information, and cryptocurrency holdings, elevating transparency about financial data practices.

View full change record →

Consumer impact (what this means for users)

Every cryptocurrency trade, transfer amount, counterparty, and linked bank account is recorded by Coinbase and may be reported to the IRS (1099-DA) or disclosed to law enforcement, creating significant financial privacy implications for active traders.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Export Your Data
    Request a copy of all financial and transaction data Coinbase holds on you via the Privacy Rights portal at coinbase.com/legal/privacy; this is useful for verifying accuracy before IRS 1099-DA reporting takes effect.

How other platforms handle this

Riot Games Medium

The Riot Services use cookies, web beacons, and similar technologies to automatically collect, store, and read files on your device. They may be delivered in a first-party (i.e., by Riot Games) or third-party (i.e., by other companies) context. These tools help the Riot Services work and operate mor...

PayPal Medium

Our Services may be accessed by individuals without a PayPal account or profile. We will collect Personal Information from you even if you are a non-account holder when you use our Services, such as when you use our Pay without a PayPal Account, use Unbranded Payment Services (e.g., Braintree), use ...

Ledger Medium

For cookies: click on the button at the bottom of our Cookie Policy.

See all platforms with this clause type →
Need full compliance memos? See Professional →

Why it matters (compliance & risk perspective)

Your complete financial and trading history on Coinbase creates a detailed picture of your wealth, investment behavior, and financial relationships — data that is particularly sensitive and subject to regulatory reporting.

View original clause language
Financial Information: bank account numbers, payment card information, and other financial account details needed to facilitate transactions. Transaction Information: information about transactions you conduct using our Services, including the amount, currency, date, and parties involved in the transaction. We may also collect information about your cryptocurrency holdings and trading activity.

Institutional analysis (Compliance & legal intelligence)

(1) REGULATORY FRAMEWORK: Financial data collection is mandated by BSA/FinCEN CIP requirements (31 CFR §1020.220), IRS Form 1099-DA reporting (effective 2025, 26 U.S.C. §6045), OFAC transaction screening, and state money transmission laws. GLBA (15 U.S.C. §6801 et seq.) governs financial privacy notices for nonpublic personal information (NPI). CCPA/CPRA classifies financial account numbers as 'sensitive personal information' requiring enhanced disclosures and opt-out rights. GDPR Art. 9 does not classify financial data as special category, but Art. 6(1)(b) (contract performance) and Art. 6(1)(c) (legal obligation) apply. Enforcement: FinCEN, IRS, CFPB, FTC, state financial regulators. (2)

🔒

Compliance intelligence locked

Regulatory citations, enforcement risk, and due diligence action items.

Watcher $9.99/mo Professional $149/mo

Watcher: regulatory citations. Professional: full compliance memo.

Applicable agencies

  • CFPB
    The CFPB has authority over financial data privacy practices of financial service providers offering payment and account services, including cryptocurrency platforms with GLBA-covered products.
    File a complaint →
  • FTC
    The FTC has authority over GLBA financial privacy compliance and unfair/deceptive practices in handling consumer financial data.
    File a complaint →

Applicable regulations

EU AI Act
European Union
BIPA
Illinois, USA
CCPA/CPRA
California, USA
COPPA
United States Federal
CAN-SPAM
United States Federal
DMA
European Union
FCRA
United States Federal
GDPR
European Union
GLBA
United States Federal
HIPAA
United States Federal
TCPA
United States Federal
UK GDPR
United Kingdom

Provision details

Document information
Document
Coinbase Privacy Policy
Entity
Coinbase
Document last updated
March 24, 2026
Tracking information
First tracked
April 9, 2026
Last verified
April 9, 2026
Record ID
CA-P-002486
Document ID
CA-D-00048
Evidence Provenance
Source URL
Wayback Machine
SHA-256
78a7819594fbdda870b5d87062a20d9bc35a005cd93b3d670553ddb635dc7b75
Verified
✓ Snapshot stored   ✓ Change verified
How to Cite
ConductAtlas Policy Archive
Entity: Coinbase | Document: Coinbase Privacy Policy | Record: CA-P-002486
Captured: 2026-04-09 14:51:12 UTC | SHA-256: 78a7819594fbdda8…
URL: https://conductatlas.com/platform/coinbase/coinbase-privacy-policy/financial-and-transaction-data-collection/
Accessed: April 29, 2026
Classification
Severity
High
Categories

Other provisions in this document

Related Analysis