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Getting started

Am I eligible to borrow cash from Coinbase?

If you reside in AK, AR, AZ, CA, FL, GA, ID, IL, IN, MI, NC, NE, NH, NJ, NY, OH, OR, TN, TX, UT, VA, WA, or WY, and have BTC in your portfolio, you may be eligible to take out a line of credit. Please log in to your account and visit coinbase.com/borrow to see if you qualify. 

Coinbase does not currently use credit checks to determine eligibility. Please note that the Coinbase support team is not able to see eligibility or application status.

Am I eligible to take out a fixed term loan from Coinbase?

If you reside in CT and have BTC in your portfolio, you may be eligible to take out a line of credit. Please log in to your account and visit coinbase.com/borrow to see if you qualify. 

How do I apply for a line of credit or a fixed term loan from Coinbase?

Please log in to your account and visit coinbase.com/borrow to see if you are eligible to borrow cash or take out a line of credit. Follow the prompts to see how much you can apply to borrow. 

How much credit is available to me if I’m eligible for a line of credit?

If you are an eligible Coinbase customer, you can borrow up to 40% of your Bitcoin (BTC) balance on Coinbase, up to a maximum that varies by your state of residence:

  • $100,000 in NE and VA

  • $1,000,000 in all other states listed above

The minimum amount you can borrow is $100 in most states, except as noted below: 

  • OH: Minimum of $1,001

  • AZ, CA: Minimum of $10,001

If the USD value of your BTC increases, you can make additional draws from your credit line, as long as the total borrowed is under 40% of your BTC, with the state maximum as set above. 

How much credit is available if I’m eligible for a fixed term loan?

If you are an eligible Coinbase customer, you can borrow up to 30% of your Bitcoin (BTC) balance on Coinbase, up to USD $100,000. The minimum amount is $2,000.

If the USD value of your BTC increases, you may apply for more than one loan, as long as the total of all loans is under 30% of your BTC, with the maximum at $100,000.

Does Coinbase report to credit bureaus? 

No. Coinbase does not report any loan-related information or activity to credit reporting agencies at this time.

How do I close my line of credit or fixed term loan?

If you would like to close your line of credit, you first need to pay off the entire outstanding balance. Once paid off, you can contact our customer support team to request your line of credit to be closed.

If you would like to close a fixed term loan, you simply need to pay off the entire outstanding balance. Once repaid, the loan is closed off automatically.

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