³You can deposit a maximum of $25,000 per day. Other standard fees may apply, and will be shared during direct deposit sign-up. ²No Coinbase trading fees but a spread applies when we buy, sell, or trade cryptocurrencies. Choosing to receive your refund in crypto is an optional Coinbase offer.
¹If you choose to receive your refund in crypto, Coinbase will automatically convert the amount from US dollars to crypto with no trading fees. Visit for a personalized guide to your crypto taxes⁵. We’re also committed to making tax season as easy as possible. We’ll continue to enable new use cases that allow customers to transition more of their financial lives to the cryptoeconomy. Last year, we started helping customers get paid in crypto and receive expense reimbursements in crypto. All incoming tax refunds will be deposited without any fees².Ĭoinbase is committed to giving everyone instant and easy access to the cryptoeconomy. Or, they can choose to receive refunds in USD so they can be ready for any trade or to spend with their Coinbase Visa® Card (if they choose to spend USD). They can choose to get refunds deposited into 100+ cryptocurrencies from stablecoins to yield-bearing assets so they can trade or earn interest. This year, customers can deposit refunds into Coinbase fee-free to start immediately putting their money to work.
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Our customers are increasingly thinking about how to incorporate crypto in their savings and everyday spending: putting money towards assets they think will increase in value, holding yield-bearing assets, and spending and earning with Coinbase. Tax season can be stressful, but now there’s an easy way to put refunds to work.Īccording to the National Retail Federation, 62% of US taxpayers who expect to receive a refund this year plan to put the money towards savings, while 27% plan to use it for everyday spending.
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Customers will receive their full refund and can choose to save, invest, or spend it. Now, Coinbase customers can get tax refunds automatically deposited into Coinbase as USD, where it can be immediately converted into crypto, when they file with TurboTax. With tax season officially underway, customers expecting a refund might be wondering what to do with their extra cash. By Bipul Sinha, Senior Product Manager, Coinbase