Coinbase supports accounts in the name of a trust through our business platform, Coinbase Prime, which offers trading, financing, and custody.
What bank does Coinbase use for direct deposit?
Pathward®, N.A. You'll be able to see the Direct Deposit funds once your paycheck has been deposited and accepted by our bank partner, Pathward®, N.A. Note that this process can take 3-5 business days from the day that your paycheck was processed by your employer.
Where are Coinbase funds held?
The vast majority of Coinbase client cash is stored in FDIC-insured bank accounts and U.S. government money market funds to keep it safe and liquid. Like all assets on Coinbase, we hold client cash 1:1 and your assets are your assets.
Can I set up a Coinbase account for my child?
Yes, a custodial account Coinbase may be opened. A custodial wallet is one in which a third party manages your finances. In order to complete onboarding when using a custodial wallet, you normally need to go through a KYC (Know Your Customer) process and submit a number of documents.
Is it illegal to use Coinbase under 18?
To be eligible to use the Coinbase Services, you must be at least 18 years old, and reside in the United States.
Is it bad to leave money on Coinbase?
In conclusion, Coinbase is a safe exchange that prioritizes security, but it is recommended to use self-custody wallets for long-term storage of crypto assets.