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Coinbase online payment system


Updated on October 11, 2012
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General Information



Instant Payments

Payments arrive at the speed of an email (just a few seconds) and are confirmed within the hour. No more waiting three business days for checks.

Low Transaction Fees

Coinbase charges just 0.5% when you buy or sell bitcoin via bank account transfer. After that all bitcoin-to-bitcoin transactions are free.

Pay By Phone

Our website works great on modern smartphones (iPhone, Android, etc). Just visit coinbase.com from your mobile browser.


Simple Transfers

Use your bank account to purchase bitcoins. Transactions are processed within two to three business days. (coming soon)

Merchant Tools

Easily create "buy now" or donate buttons. We also offer full shopping cart integration. (coming soon)

Widespread Adoption

About $2 million a day (USD) is already being transacted in bitcoin. It's quickly becoming an international currency.



Countries of use



private and business


0.5% when you buy or sell bitcoin via bank account transfer

Recent news

Posted on March 16, 2018
Our process for adding new assets to Coinbase & GDAX (March 2018 update)

We’ve received feedback from customers that they want more assets on Coinbase. Building on our previous post, we want to share additional information about how we manage the process of adding new assets to our platform. By sharing this information, we hope to provide transparency into our process and increase customer trust.

Our current process for adding new assets to Coinbase:

  1. An internal asset selection committee uses our Digital Asset Framework to make an initial recommendation of which new asset to add to GDAX. As part of this process, the committee will conduct a legal and risk assessment of the proposed asset.
  2. If the asset passes by the legal and risk review, the recommended asset is presented to the Coinbase executive team for approval.
  3. If approved by the executive team, the asset selection committee promptly announces which new asset will be added to our platform. This decision is announced both internally and to the public via our blog and Twitter.
  4. The engineering team begins the technical integration needed to support the new asset. Customers can expect to see public-facing APIs and other signs that the asset is being added.
  5. An announcement is made via our blog and Twitter when we begin final testing of the technical integration.
  6. An announcement is made via our blog and Twitter when the integration is complete and we are ready to allow deposits of the asset. We will always allow at least 24 hours of deposits before opening an order book for a new asset.
  7. After evaluating factors such as liquidity, price stability, and other market health metrics, the internal asset selection committee may choose to add the asset to the Coinbase platform.

We’ve assembled some frequently asked questions by customers:

Have you made any decisions for adding new assets?
No. As of March 16, 2018, we have not made any decisions for adding new assets. The internal asset selection committee has been assessing assets using our Digital Asset Framework, but no assets have been recommended to the Coinbase executive team.

What criteria does Coinbase use when considering new assets to add?
The GDAX Digital Asset Framework highlights our criteria for supporting new assets.

Will Coinbase list all the top assets by market capitalization?
No. We will only consider assets that pass our Digital Asset Framework.

Will all assets listed on GDAX also be listed on Coinbase?
Not necessarily. We currently believe that over the next few years, GDAX will likely have more assets listed on the platform than the Coinbase platform. However, all assets listed on GDAX will be part of the Coinbase Index and Coinbase Index Fund.

Are there trading and confidentiality restrictions for members of the asset selection committee?
Yes. These individuals are subject to additional confidentiality and trading restrictions beyond the standard employee confidentiality and trading policy, including heightened disclosure and pre-clearance obligations. Committee members, like all other employees, are prohibited from trading on the basis of material non-public information.

Does this process apply to forked or airdropped assets?
Yes, but with the variation that we may offer a forked or airdropped asset in withdrawal-only mode, e.g. similar to how we allowed customers to withdraw Ethereum Classic (ETC).

Our process for adding new assets to Coinbase & GDAX (March 2018 update) was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Read more on Coinbase
Posted on March 16, 2018
How Coinbase approaches forked and airdropped assets

We wanted to give our customers an update on how we approach digital currency forks and airdrops. We’ve previously posted about forks here and here. You can read more about what a digital currency fork is here.

We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. This is essential in our mission to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange.

We also believe forks and airdrops can enable innovation and improvements to digital currency and we believe that we will see an increasing number of both forks and airdrops in the future. That said, given how we currently secure customer funds, supporting every forked or airdropped asset on Coinbase is not possible. We are investing in infrastructure that should allow us to more rapidly support any forked or airdropped asset, but this will take some time. In the meantime, here’s how we will approach supporting forks and airdrops.

Adding a new asset to Coinbase is an endeavor that we take seriously. In the case of adding new assets to the platform (i.e. non-forked or airdropped assets), Coinbase has the ability to consider and select assets based on Digital Asset Framework.

However, forks and airdrops are slightly different — anyone can fork or airdrop a new asset from/onto an asset we already support on our platform, e.g. anyone can fork Bitcoin or airdrop an asset onto Ethereum. By definition, this newly forked or airdropped asset is associated with the private keys of the original blockchain. Our private key infrastructure — both our hotwallet and cold storage — significantly increases the security of assets stored at Coinbase, but by design makes safely retrieving forked assets and airdrops difficult and time intensive from an engineering standpoint. Engineering time spent on supporting a given forked or airdropped asset could be spent improving the security and reliability of our platform, which is of critical importance to our customers.

That said, our primary criteria for supporting forked or airdropped assets are that they 1) pass our Digital Asset Framework and 2) mitigate potential risks, including:

  • Security vulnerabilities in the protocol or client software
  • Unclear or non-existent core developer roadmap
  • Infrequent or non-public commits to the core protocol code repository
  • Sustained low liquidity of the asset

We will not add any asset we believe would put at risk 1) the security of customer funds held on the Coinbase platform or 2) any asset that would violate our compliance program.

In order for us to be the most trusted company in the space it’s important for us to be able to support forked or airdropped assets that we feel:

  • Are safe and won’t compromise the security of our infrastructure
  • Have a reasonable amount of developer activity and roadmap

Based on the both the risks and positive signals outlined above, we assess each fork and airdrop on a case by case basis.

In the case we plan on supporting a new asset, we will communicate this publicly prior to listing it on our platforms and detail our level of support. We will also give as much advance notice as possible. We intend to announce on the following platforms:

How Coinbase approaches forked and airdropped assets was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Read more on Coinbase
Posted on March 16, 2018
Introducing the Coinbase Protocol Team

Our industry has come a long way since Satoshi’s white-paper. Bitcoin has become a household name and an increasing percentage of the world’s population has access to cryptocurrencies. Fundamental breakthroughs in cryptography, permissionless consensus, and decentralized computation have opened up many new possibilities.

Cryptocurrencies and decentralized protocols will underpin an open financial system that brings greater equality of opportunity to the world. We at Coinbase have been hard at work connecting people to these networks by building secure, easy to use products. But there is a long way to go, and building an open financial system isn’t something we can do alone.

This is why we’re formally announcing the Coinbase Protocol team. Our mission is to contribute to community-led projects which will move our industry forward. We’ve been looking at projects like payment channels, off-chain computation, trustless light clients and proof-of-stake blockchains. We want to promote collaboration and cross-pollination of ideas by working with different development teams. Over the past year, we’ve made a number of public contributions, including work on a new light client protocol for Bitcoin to support the Lightning Network.

We’re looking for talented engineers with great ideas, who share our vision. If you’re interested in working with a distributed team on the future of financial protocols, we’re hiring!

Introducing the Coinbase Protocol Team was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Read more on Coinbase
Posted on March 14, 2018
Product Update — Buy/Sell, Taxes and Account Statements

As always, thanks for all of your feedback. Below are a few exciting updates / changes.

Improving the buy and sell experience

We’ve simplified the buy / sell experience to make it easier to place new trades and manage your funds. Back in October, we rebuilt and redesigned much of the core Coinbase mobile experience. These changes are a continuation of that effort. With this update, we’ve removed all unnecessary actions from the trading flow, so everyone can focus on exactly what matters — how much you want to buy or sell.

These updates will be rolling out gradually for all iOS and Android customers over the coming week.

Tax Center is now live

Earlier this week, we announced the launch of our Tax Center. Our team is working hard to improve the entire investment experience — we know taxes are a pain point for many customers. We’ve designed these tools to make calculating and filing your crypto taxes more manageable. Our blog post includes details on how to use our tools and a few methods for calculating your gains and losses. As always, feedback is more than welcome — we’ll be making improvements throughout the year to ensure that calculating your 2019 taxes is easier than ever.

Account Statements now available

Digital currency is becoming an increasingly important asset class for many of our customers. Over the last several months, we’ve received thousands of support requests from customers asking for account statements — folks have used these reports to qualify for mortgages or other loans, to validate net worth for investment purposes, and so much more.

So, we’re excited to announce that all customers can now generate their own account statements from within the Tools section of coinbase.com. Simply navigate to Tools, click “New Report”, select “Account Statement” within type, and then customize as necessary. Hopefully these reports make your Coinbase investment experience a little bit simpler.

PayPal has been discontinued

As we mentioned last week, we disabled PayPal entirely on Wednesday, March 7th. Our PayPal offering was not meeting customers’ expectations, so we decided to disable the functionality until we could overhaul the entire experience. Our goal is to re-add PayPal later this year.


Thanks for your continued support.

Product Update — Buy/Sell, Taxes and Account Statements was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Read more on Coinbase
Posted on March 14, 2018
Major strides in Europe: Coinbase is the First Crypto Exchange to Obtain a UK Bank Account

In our last update, we committed to making major strides in order to serve our European customers. Today we’re excited to share two updates — the first is that Coinbase has been granted an e-money license by the UK’s Financial Conduct Authority (FCA). The second is that we are the first crypto-exchange to support the UK’s Faster Payments Scheme.

Coinbase receives its e-money license

Coinbase is happy to announce that we have received an e-money license from the FCA. The license will allow Coinbase to issue e-money and provide payment services in the UK. The license requires Coinbase’s e-money operations to meet the strict rules enforced by the FCA and the Payment Services Directive. For our customers, this will ultimately help us deliver a better experience through new partnerships and an easier to use product.

We are committed to making sure customer funds are always secure and this update means that our e-money operations have safeguards and operational standards at par with other regulated financial institutions. An example of this is segregation of client funds, where all customer fiat balances will be separated from Coinbase’s funds and kept in separate bank accounts.

Our e-money license will extend beyond the UK to 23 countries within the EU. We believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone.

Coinbase adds support for Faster Payments in the UK

In another first, we are announcing today that Coinbase will add support for the UK’s Faster Payments Scheme (FPS). By replacing SEPA for UK customers, Faster Payments will offer a familiar payment experience and is supported by all major UK banks. UK customers will benefit from faster, safer and seamless bank transfers. We will start with a pilot, giving a small number of institutional users access to Faster Payments. In the coming weeks, we will begin rolling out to all UK customers, making the Coinbase experience increasingly easier.

Since we began offering our services to European users in 2014, we have seen the crypto space grow significantly. The EU grew twice as fast as any of our other markets in 2017, and the UK continues to be our largest market here. In order to meet this increasing demand we plan to grow our London team 8x by the end of this year (come join the team, see open roles here).

As European interest in cryptocurrency grows, we remain dedicated to being the most secure exchange and see these announcements as important steps forward in our mission to creating an open financial system for the world.

Major strides in Europe: Coinbase is the First Crypto Exchange to Obtain a UK Bank Account was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Read more on Coinbase

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