BSV Deprecation

Effective January 9, 2024, Coinbase will no longer support Bitcoin SV (BSV). Customers have until this date (at or around 12PM ET) to send BSV funds off of Coinbase.

Important: You are not able to sell BSV or cash it out to your bank, but you're able to send your BSV off Coinbase via another crypto address.

All sends to crypto addresses are irreversible. Coinbase cannot retrieve funds sent to the incorrect address or using the incorrect network. Please note that trading is not enabled for BSV and you cannot deposit BSV funds into your Coinbase account. Attempting to send BSV to your Coinbase account may result in a loss of funds. 

What happens if I keep my BSV on Coinbase?

After the deprecation date, any BSV funds in your Coinbase account will be liquidated and converted to the then-equivalent market value of another supported digital asset and credited back to your account, minus any transaction costs. 

Note: After accounting for transaction costs, and subject to market fluctuations, you may not receive any compensation when the remaining BSV in your account is liquidated. You may also incur tax liability or have other unanticipated tax consequences as a result of the liquidation or conversion. Customers are solely responsible for any taxes associated with transactions on Coinbase.

How can I send my BSV off of Coinbase?

To send your BSV off of Coinbase prior to the deprecation date, you’ll need to secure a BSV-compatible wallet address. If you do not already have one, you’ll need to generate one after selecting a BSV-compatible wallet. 

Coinbase Wallet does not support BSV and users will need to research a BSV-compatible wallet. Please remember that different platforms have different levels of security, reliability, and liquidity. 

To send your BSV off of Coinbase (Web):

  1. Click Send/Receive on the top of your screen.

  2. Select BSV as the asset you’d like to send.

  3. Select To and enter the BSV crypto address. 

  4. Enter the amount of BSV you’d like to send.

  5. Leave a note (optional).

  6. Select Preview Send and review the transaction details.

  7. Select Send now.

To send your BSV off of Coinbase (Mobile): 

  1. Tap My Assets on the home screen.

  2. Select BSV.

  3. Tap Your Balance.

  4. Tap the arrow to enter a supported BSV address.

  5. Enter the BSV crypto address or scan the QR code (if available).

  6. Select Continue.

  7. Enter the amount of BSV you’d like to send.

  8. Leave a note (optional), then select Preview and review the transaction details.

  9. Select Send now.

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