This article addresses our spot margin offering. Learn more about Coinbase’s spot margin experience.
Margin trading is high risk and is not suitable for everyone. Leverage amplifies losses as well as gains, and you could lose all of your collateral, or more. If your margin reaches the liquidation threshold, we may sell your collateral without further notice. Depending on where you live, margin loans may be unregulated, with no regulatory recourse. Before you start, read the spot margin risk disclosures and who provides your spot margin services.
When trading on spot margin, auto-repay is on by default. When funds arrive in your Margin portfolio, Coinbase automatically applies them to repay your borrowed assets. Borrowed funds must be repaid with the same asset that was borrowed.
How auto-repay works
Any funds in the loan asset that enter the margin portfolio will automatically pay back the loan:
Onchain deposits
Transfers from your primary portfolio
Trade proceeds
USDC rewards
Repay a USDC loan
To repay a USDC loan, add USDC to your Margin portfolio. Auto-repay repays the loan when the funds arrive.
Advanced
Sign in to Coinbase.com or the Coinbase mobile app.
Select the Advanced toggle.
Select the Trade tab.
Access Borrow details.
Browser: Access the portfolio page or select the Borrows tab.
Mobile app: Select the Borrows tab.
Locate the USDC loan and select Repay.
Select Transfer From Portfolio, Deposit Onchain, or Convert or Trade to close out the loan
Convert or Trade will provide you with an option to sell crypto for USDC.
Complete the transfer, deposit, or sale. The loan repays automatically once the funds arrive.
Repay a non-USDC loan
Advanced
Sign in to your Coinbase.com account or access the Coinbase mobile app.
Select the Advanced toggle.
Select the Trade tab.
Access Borrow details.
Browser: Access the portfolio page or select the Borrows tab.
Mobile app: Select the Borrows tab.
Locate the correct loan and select Repay.
Select Transfer From Portfolio, Deposit Onchain, or Convert or Trade to close out the loan
Convert or Trade will provide you with an option to buy back the crypto with USDC.
If you don’t have enough USDC, there will be an option to sell other crypto assets to USDC, which allows you to buy back the crypto to close the loan.
Complete the transfer, deposit, or purchase. The loan repays automatically once the funds arrive.
Manage your loans
The Borrows tab shows each loan's borrowed amount, accrued interest, amount to repay, hourly interest rate, and max borrow amount with an option to repay.