Coinbase Wallet, the self-custody wallet from Coinbase, has rolled out a loyalty program for users who continue to make swaps through the app. Under the program, users can receive weekly rebates of up to 50% of eligible swap fees, paid in USDC.
Tier structure based on 30-day eligible volume
User status is determined by eligible trading volume over the past 30 days. Explorer covers volume below $5,000. Trencher starts at $5,000 and offers a 15% rebate. Pro starts at $25,000 with a 30% rebate. Legend starts at $100,000 with a 40% rebate. VIP starts at $500,000 with a 50% rebate.
Coinbase Wallet said the rebate is calculated from the swap fees it actually retains after discounts. Network fees and gas fees are not included.
Daily tier updates and wallet-level tracking
Tiers update daily. If a user reaches a higher level, the higher rebate rate applies right away. If volume falls, the tier can move down by no more than one level per week.
Trading volume is tracked separately for each wallet and is not combined across wallets. Eligible rebates accrue automatically and are paid weekly in USDC, with no code entry or manual claim required.
Referral rewards for new users and inviters
New users who sign up through a friend’s referral link can receive up to $35 in USDC as a first-swap reward on eligible swaps. They also get a 10% discount on eligible swap fees, and those transactions count toward tier progress.
The loyalty rebate is calculated after the fee discount is applied. Users who share their referral link can earn 25% of the net fees Coinbase Wallet collects from their friends’ eligible swaps, also paid in USDC.
Extra benefits for VIP users
VIP users also get direct access to the product team, early information on upcoming features, and invitations to private events.
The program is subject to regional and eligibility restrictions, and the terms may be changed or ended.
