A one‑time processing fee is added to your crypto-backed loan each time you borrow, even when adding to an existing loan, becoming part of your principal (your starting loan amount).
Processing fee explained
Coinbase charges a processing fee when you take out a loan or increase your loan amount.
The fee is calculated using a tiered structure, similar to tax brackets. Different portions of your loan are charged at different rates, and your total fee is the combined amount across all applicable tiers:
2% on the first $250,000
1% on the amount above $250,000
The fee is calculated based on your current loan balance in USD. It is added to your loan balance, accrues interest, and is paid when you repay your loan.
Change to total loan amount
The fee increases your total starting principal because it’s added on top of the amount you borrow at origination.
Example: If you borrow $10,000 and the fee is 1%, your starting principal becomes $10,100.
Interest continues to accrue on your outstanding balance after origination, per your loan terms.
Locate the fee
Before you submit your loan request, the processing fee is detailed on the loan review page.
Platform fee
Your loan may have a platform fee, which is paid to Coinbase for integrating access to the loan over the time period. The platform fee is paid monthly for variable-rate loans and up front for fixed-rate loans. Review this fee amount before you borrow.
Total looks higher than expected
Confirm the processing fee percentage shown on the review screen.
Multiply the base loan amount by the processing fee percentage.
Add the two amounts together for your total principal loan amount.
If you have a fixed-rate loan, check the fee shown on your loan review screen. The fee amount may differ from the variable-rate fee.
There’s no fee
Refresh the loan review page and check the processing fee before you submit.