Exchange (holds your funds for you)
CoinbaseC3/5· Higher risk
Facts last reviewed 27 Sept 2026
A US-listed exchange, with BitLicense (New York), MiCA (Luxembourg), and MAS (Singapore). It does not publish proof of reserves, only audited financial statements. It reimbursed scammed customers following the 5/2025 data breach.
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →Official site ↗
Why this tier
- Fails: No proof of reserves published
- Meets: Licensed by a major regulator: EU (Luxembourg, CSSF), US (New York, NYDFS), Singapore (MAS)
- Meets: Operating since 2012 (14 years)
- Falls short: No user protection fund disclosed
- Meets: Users were fully compensated for every known incident
- Note: US: the Oregon Attorney General sued Coinbase for selling unregistered securities; the lawsuit is currently stayed, with no outcome yet.
Tier history
- 29 Sept 2026C· Higher riskHigher risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| USDC | 3.54% | Highest rate3.54% | C3/5· Higher risk | USDC Rewards | FlexibleWithdraw any time | |
| ETH | 1.69% | Highest rate1.69% | C3/5· Higher risk | Staking | Staking | |
| SOL | 3.22% | Highest rate3.22% | C3/5· Higher risk | Staking | Staking |
USDC
ETH
SOLTier: A lowest risk, D active incident. The number after the letter is the criteria met.
Legal status by country
Taken from regulators’ registers and notices. A row without a source or a month confirmed says so.
Vietnam
Not licensed · Sept 2026
Coinbase is not yet licensed in Vietnam; according to a third-party compilation (updated 24/9/2026), Vietnam is among the countries served by Coinbase. Coinbase's official country-list page blocks automated access, so it could not be cross-checked.
Source ↗Europe (EEA)
Licensed · Coinbase Luxembourg S.A. · Sept 2026
Listed on ESMA's CASP register (version dated 24/9/2026): Coinbase Luxembourg S.A., MiCA licence issued by Luxembourg's CSSF on 20/6/2025, covering custody, exchange of funds, order matching, transfer of assets, and applicable throughout the EEA.
Source ↗UAE (Dubai)
Not licensed · Aug 2026
Coinbase is not on the VARA register (checked 9/2026). In ADGM, Coinbase only holds an FSRA licence (11/8/2026) to arrange transactions and provide custody for tokenised securities, not a crypto exchange licence for retail clients.
Source ↗Indonesia
Banned · Jun 2026
Coinbase Inc. (Coinbase Pro, Android app) ranks 3rd on OJK's Satgas PASTI list of 228 unlicensed exchanges whose operations were halted (1-5/2026, published 6/2026); CB Payments Ltd. and Coinbase Ascending Markets Kenya rank 80th.
Source ↗Nigeria
Not licensed · Aug 2026
Coinbase is not registered with SEC Nigeria (it is not on the SEC list), but Nigeria appears in Coinbase's market list published 5/8/2026; naira deposits and withdrawals are not supported.
Source ↗