You agree to give up your right to participate in any class action lawsuit or class-wide arbitration against Coinbase. All disputes must be handled on an individual basis only.
Class actions are often the only economically viable way for individual consumers to seek redress for small-dollar wrongs that affect many people. Waiving this right means Coinbase's accountability is significantly reduced.
The class action waiver, combined with mandatory arbitration, represents a significant liability shield for Coinbase and may face challenges under state consumer protection statutes in California and other jurisdictions with public policy exceptions to such waivers.
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Coinbase's terms give the company significant unilateral power to freeze, suspend, or terminate user accounts with limited recourse, and cap the company's financial liability to just three months of fees paid — regardless of the value of assets affected. Cryptocurrency holdings on Coinbase are explicitly not covered by FDIC or SIPC insurance, meaning users bear the full risk of platform insolvency. You can opt out of the mandatory arbitration clause by sending written notice to Coinbase within 30 days of first accepting the agreement.