Coinbase User Agreement (US)

Implications

• Coinbase offers a variety of services for individuals and businesses, including buying, selling, and using crypto.
• Users can earn rewards on their crypto holdings through certain services like staking or holding USDC.
• Disputes between the user and Coinbase are to be resolved through binding arbitration, not in court.
• Users waive the right to participate in class action lawsuits or class-wide arbitration.
• Coinbase can amend the User Agreement at any time with changes becoming effective upon posting.
• Coinbase is not responsible for the operation of underlying crypto protocols and network operations.
• Coinbase does not provide investment, tax, or legal advice.
• Coinbase offers a secure self-hosted crypto wallet service.
• Services and supported assets may vary by jurisdiction.
• Coinbase provides educational information about crypto to assist users.
• The value of digital assets can fluctuate, potentially leading to substantial losses.
• Coinbase offers a Coinbase Card for spending crypto and earning rewards.
• Coinbase may restrict, suspend, or terminate services at their discretion.
• Coinbase is not registered with the U.S. Securities and Exchange Commission.
• Coinbase offers a direct deposit feature for eligible users.
• Coinbase may share user information with third parties for identity verification.
• Coinbase offers Coinbase Pro for advanced trading with different fee structures.
• Coinbase's liability is limited, and they do not guarantee the functionality or security of network operations.
• Coinbase offers a variety of developer tools and APIs.
• Coinbase provides a dedicated customer support service.

Things to watch out for

• Be aware of the binding arbitration agreement which limits your ability to take legal action in court.
• Understand that participating in class action lawsuits against Coinbase is not allowed.
• Remember that Coinbase can amend terms at any time, and continued use of the service constitutes acceptance of new terms.
• Be cautious of the risks associated with the fluctuation of digital asset values.
• Know that Coinbase may restrict, suspend, or terminate your account at their discretion.
• Be mindful that Coinbase may share your personal information with third parties for verification purposes.
• Consider the potential for limited liability on Coinbase's part for losses related to digital asset fluctuations and network operations.

AI recommendations

When using Coinbase, it's essential to understand the implications of the arbitration agreement and the waiver of class action rights. This means that in the event of a dispute, you'll need to resolve it through arbitration rather than court proceedings, and you cannot join others in a class action against Coinbase. Make sure to keep track of any amendments to the User Agreement, as your continued use of the service indicates acceptance of these changes.

Given the volatility of digital assets, use Coinbase's services with an awareness of the risks involved. If you're considering advanced trading options like Coinbase Pro, review the specific terms and fee structures associated with that service. Lastly, be conscious of the privacy implications when sharing personal information, as Coinbase may share this data with third parties for verification purposes.

FAQs

What happens if I have a dispute with Coinbase?

Disputes with Coinbase are resolved through binding arbitration, not in court, and you waive the right to participate in class action lawsuits or class-wide arbitration.

Can Coinbase change the terms of the User Agreement?

Yes, Coinbase can amend the User Agreement at any time, with changes becoming effective upon posting. Continued use of the service constitutes acceptance of the new terms.

Is Coinbase responsible for losses due to digital asset fluctuations?

Coinbase's liability is limited, and they do not guarantee against losses due to digital asset value fluctuations or network operations.