Coinbase is one of the most popular cryptocurrency exchanges in the world, with millions of users trusting the platform to buy, sell, and trade cryptocurrencies. If you are a Coinbase user, it`s important to understand the Coinbase User Agreement for 2020, which outlines the terms and conditions that govern your use of the platform.

Here`s what you need to know about the Coinbase User Agreement for 2020:

1. Eligibility

To use Coinbase, you must be at least 18 years old and reside in one of the supported countries or regions. If you are using Coinbase on behalf of a company or organization, you must have the authority to bind that entity to the User Agreement.

2. Account Creation

To create a Coinbase account, you will need to provide your name, email address, and a password. You may also be required to provide additional information, such as your date of birth and government-issued ID, to verify your identity. By creating an account, you agree to the Coinbase User Agreement and Privacy Policy.

3. Use of Coinbase

As a Coinbase user, you agree to use the platform in a lawful and ethical manner. You must not engage in any illegal or fraudulent activity, including using Coinbase to facilitate money laundering or terrorist financing. Coinbase reserves the right to monitor your account and take action if it suspects any unlawful or unauthorized activity.

4. Fees

Coinbase charges fees for certain transactions, such as buying or selling cryptocurrencies. The fees may vary depending on the type of transaction, the amount involved, and other factors. You will be notified of the fees before you complete a transaction.

5. Limitations on Liability

Coinbase is not responsible for any losses or damages that you may incur as a result of using the platform. This includes losses due to price fluctuations in cryptocurrencies, security breaches, or other factors. Coinbase`s liability is limited to the amount of fees that you paid for the specific transaction.

6. Dispute Resolution

If you have a dispute with Coinbase, you may be required to resolve it through arbitration rather than in court. This means that you are waiving your right to a jury trial and are agreeing to have any dispute resolved by a neutral third party.

7. Changes to the User Agreement

Coinbase may update or change the User Agreement at any time, and it is your responsibility to review the changes before continuing to use the platform. If you do not agree to the updated terms, you may terminate your account.

In conclusion, the Coinbase User Agreement for 2020 is an important document that outlines the terms and conditions of using the platform. Whether you are a new user or a long-time customer, it`s important to review the agreement and understand your rights and responsibilities as a Coinbase user. By doing so, you can help ensure a safe and secure experience on the cryptocurrency exchange.