The agreement requires users to provide personal information for identity verification and financial crime detection, including name, address, phone number, email, date of birth, taxpayer identification number, government ID, and bank account details. The agreement also reserves the right to collect biometric information where permitted by law.
This analysis describes what Coinbase's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision authorizes collection of a broad set of personal and financial identifiers, including biometric information subject to applicable law, and permits disclosure to credit reference agencies, fraud prevention agencies, and government authorities. The authorization to disclose to third parties is ongoing for the duration of the account.
The updated terms expand Coinbase's authority to liquidate your assets without notice. Previously, Coinbase could liquidate your property only if you failed to pay for securities you purchased or failed to deliver securities you sold through CCM. The revised language adds a new trigger: if a transfer of securities into your CCM account fails or is reversed, Coinbase can now liquidate your property to cover any losses CCM suffers as a result. This means your assets may be liquidated for reasons beyond your direct control, such as a failed inbound transfer initiated by a third party or a reversal by the sending institution.
View change record →The updated terms authorize Coinbase to automatically transfer your digital assets to a newer protocol version when an 'Asset Transformation' occurs, and you are now instructing Coinbase to conduct these 'Coinbase Supported Migrations' at Coinbase's sole discretion. The terms also establish that Coinbase shall not be liable for any loss resulting from your inability to transfer assets during a migration or from an Asset Transformation itself. This means Coinbase can execute asset transfers without advance notice and without bearing responsibility for any resulting losses, even if the transfer fails or the new asset version performs differently than the original.
View change record →The updated terms introduce a new Direct Deposit feature that allows eligible users to receive paychecks and government benefits directly into their Coinbase Account and optionally convert those funds into digital assets through recurring automatic purchases. The terms state that Coinbase will not charge setup or maintenance fees and will waive trading fees on Direct Deposit conversions, though spreads may apply. However, the terms also establish that digital assets are not FDIC-insured, can appreciate or depreciate relative to USD, and that Coinbase reserves the right to set, modify, or reject transfer limits at its sole discretion. You can enroll by providing your employer or government payer with the virtual account and routing numbers Coinbase provides, and you can change your asset allocation at any time through the Coinbase app.
View change record →⚠ Failure to provide requested identity verification information may result in inability to access Coinbase Services as stated in Appendix 1
Cross-platform context
See how other platforms handle Identity Verification and Biometric Data Collection and similar clauses.
Compare across platforms →"During registration for your Coinbase Account, or at any other time deemed necessary by Coinbase, you agree to provide us with the information we request for the purposes of identity verification, providing Coinbase Services to you, and the detection of money laundering, terrorist financing, fraud, or any other financial crimes and permit us to keep a record of such information. The information we request may include certain personal information, including, but not limited to, your name, address, telephone number, e-mail address, date of birth, taxpayer identification number, government identification, and information regarding your bank account (such as the name of the bank, the account type, routing number, and account number) and in some cases (where permitted by law), special categories of personal data, such as your biometric information.Excerpt from Coinbase's User Agreement
(1) REGULATORY LANDSCAPE: Collection of biometric information engages state biometric privacy statutes including the Illinois Biometric Information Privacy Act (BIPA) and Texas Capture or Use of Biometric Identifier Act.
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This provision authorizes collection of a broad set of personal and financial identifiers, including biometric information subject to applicable law, and permits disclosure to credit reference agencies, fraud prevention agencies, and government authorities. The authorization to disclose to third parties is ongoing for the duration of the account.
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