Privacy policy clauses for Coinbase
Coinbase is a cryptocurrency exchange and wallet platform that enables users to buy, sell, and store digital assets. Websites integrate Coinbase for payment processing, asset management features, or to facilitate cryptocurrency transactions on behalf of users.
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What data Coinbase collects
Your privacy policy must disclose each of the following data types when you use Coinbase.
When does Coinbase trigger privacy obligations?
Data Flows That Trigger Obligations
Adding Coinbase to your product initiates collection of financial and identity data immediately upon user signup or wallet connection. Users submit KYC documents (government IDs, proof of address), bank account details, and cryptocurrency wallet addresses—all linked to real identities. Transaction history and trade data flow to Coinbase servers in the United States.
Regulatory Triggers
FinCEN/BSA/AML: If you integrate Coinbase payments or enable cryptocurrency transactions through your platform, you may be facilitating money transmission. FinCEN guidance (2019) treats custodial wallet providers as money services businesses (MSBs). If your SaaS product acts as an intermediary or custodian, you likely trigger BSA/AML obligations including customer identification programs (CIP) and suspicious activity reporting (SAR)—not just Coinbase's.
