Billing (Invoices) on Coinbase Prime

Billing on Coinbase Prime

At Coinbase Prime, we are committed to providing you with seamless and transparent financial services. As a valued user, you will receive a monthly invoice at the beginning of each month for your Vault (Custody) transactions. To keep you informed, we will notify you of any outstanding invoices via email and display alerts on the Prime platform. You can easily manage and access all your invoices directly within your Prime account.

Accessing your invoice 

Monthly invoices can be pulled directly from the Prime platform by authorized account users. You can take the following steps to access your invoice:

1. Sign into your Coinbase Prime account

2. Select Settings from the left-hand menu and navigate to the Billing tab

3. View your total balance due at the top of the page 

4. Under Invoices, locate the specific invoice you need and select Download

Should you want to see a detailed breakdown of the fees associated with your account, select See your Prime Fees at the top of the page. 

Paying your invoice

Invoices are issued on a monthly basis and should be paid according to the terms outlined in your Prime Brokerage Agreement. You have two options for paying invoices:

• Auto Pay: By enabling Auto Pay, your monthly invoice will be automatically debited from either your selected trading wallet or vault wallet. 

  • If using a trading wallet, the deduction will be made on the invoice's due date at 3 PM EST, adhering to the net-payment terms detailed in your PBA agreement (typically 30 days after an invoice is issued). 

  • If using a vault wallet, the deduction takes place on the tenth business day of each month. Spot rates are taken at the time of payment. This feature is designed to save you time, avoid the hassle of manual payments, and eliminate wire transfer fees. You have the flexibility to make payments in USD or crypto, with USDC being the optimal choice for crypto payments.

• Wire Transfer: Send a one-time wire payment from your bank using the payment details provided on your invoice.

To enable Auto Pay for your monthly Custody invoice: 

1. Sign into your Coinbase Prime account

2. Select Settings from the left-hand menu and navigate to the Billing tab

3. Under Billing Configuration, click Enable to set up Auto Pay 

4. Designate the asset, portfolio and trading or vault wallet used to pay your monthly invoices 

5. Acknowledge the Terms of Service and click Continue  

6. Verify with your Yubikey and approve with consensus 

To send a one time payment using a wire transfer: 

1. Sign into your Coinbase Prime account

2. Select Settings from the left-hand menu and navigate to the Billing tab

3. View your total balance due at the top of the page 

4. Choose Send Wire Transfer

5. Copy the Coinbase payment details and initiate a wire transfer through your bank

Managing Email Recipients 

To Add or Remove an Email Recipient:

1. Sign into your Coinbase Prime account

2. Select Settings from the left-hand menu and navigate to the Billing tab

3. Under Email Recipients 

   1. To add a new email recipient, select Add Email, enter the email address, and verify with your Yubikey. Save the change and approve the activity with consensus

To Remove a new email recipient, select the three dots next to the email address you wish to remove and select Remove. Verify the change with your Yubikey and approve with consensus

Managing your Billing Address

To change your billing address:

1. Sign into your Coinbase Prime account

2. Select Settings from the left-hand menu and navigate to the Billing tab

3. Under Entity Billing Information

   1. Update address and click Save Changes

   2. Verify with your Yubikey

Who can use this feature?

You must have one of the following roles to edit billing address on Coinbase Prime: Administrator, Authorized Signatory, Full Trader or Initiator.