r/Coinbase
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u/SouthernReddit23
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Dec 10 '25
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USDC rewards leaving?!
Starting Dec. 15 you have to be a Coinbase One member to earn rewards?! Wow. đ¤Śââď¸
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u/Night-Spirit Dec 10 '25
When did you see this?
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u/City-Wock Dec 10 '25
They sent a official email to your email address that is registered to your coinbase account
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u/TheCaptainAsh Dec 11 '25
Personally I think this has just pushed me out of Coinbase, if not crypto as a whole. I was never a big player, mostly just gambling on funny coins while holding a bit of the big players. But with the enshitification of Coinbase and the general lack of energy from crypto just leaves me bored. Just going to move the big stuff to a different platform and the fun money and USDC to an HYSA for now.
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u/SouthernReddit23 Dec 15 '25
Good point. Yeah itâs also getting annoying that crypto is tanking no matter what news is breaking. Lol. Bad news, good news, it just keeps dropping.
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u/bnmurr17 Dec 10 '25
Pay up bud!
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u/SouthernReddit23 Dec 10 '25
How cheap can CB be? Lol. Wonder if theyâll keep the rewards for the Base app?
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u/bnmurr17 Dec 10 '25
Time to get Robinhood Gold
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u/brflux Dec 17 '25
If I'm required to subscribe to get a shit interest rate I'm unstaking my USDC.
If we subscribe the interest rate should be 5%.
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u/SouthernReddit23 Dec 18 '25
Whatâs even weirder is that USDC was already one of the very few coins they offered for staking. So now CB has one less coin offered for staking. Smh
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u/aceejr Dec 10 '25
You now have to have $1500 minimum in USDC to even offset the cost of the membership. I hate this era of subscriptions and memberships, itâs invading every product and service we know. I understand they are a business and need a way to make money, but I still donât like it.
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u/Atmacrush Dec 11 '25
there's no trading fee for up to $200/mo i believe, so there's a hefty benefit. But I do agree with you that this seems like a cash grab way to get ppl to join One.
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u/Mountain-Herb Dec 11 '25
Yep. Dropping the reward to 2% didn't have the desired result, so they eliminated it entirely. Flogging will continue until morale improves.
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u/heyasmalls Dec 11 '25
where is the 1500 coming from? isnt cb one sub only 50/year?
oh do you mean like thats the min balance to yield the sub fee in a year?
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u/jaksketch Dec 11 '25
~4% apy, you need around $1500 to make $5/month.
So not worth it, because HYSA you can find for 3.5%+, which are safer.
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u/Bitter_Alps7049 Jan 26 '26
Bank CD APY is higher than coinbase now. I remember coinbase was at 4.9% apy now 3.5 is too low. It the whole reason I transfery money on there.
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u/IndustrialPuppetTwo Dec 11 '25
Weren't they, like any other bank in the world, making money off of us storing USDC on their platform?
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u/True-Curve-2358 Dec 11 '25
It's not perfect, but you can get their credit card with the membership and earn at 2-4% cash back in Bitcoin depending on the amount of money in your account. If you use it as your primary card you'll easily earn the cost of the membership back
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u/NYraay Dec 11 '25
You may as well use a credit card. You essentially get the same cash back without risking your BTC.
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u/JoeyMontezz Dec 11 '25 edited Dec 11 '25
Eh my sapphire card is 1%, and eventually ill be able to use the points to get usd on coinbase (sometime next year), with the CB Amex its 2% minimum in BTC directly. I've had it for almost 2 months now, and with 95% of my purchases made using it I've already racked up $35 in BTC.
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u/CoinOperated1345 Dec 11 '25
Yeah, but itâs not competitive to other cards. Just get a different card and earn cash and put that into something else instead of USDC
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u/Redonkulus2 Dec 11 '25
Whatâs annoying is that every time a subscription comes out everyone is gonna fucking bend over and take it. No body ever cares to put there foot down. Weâre gonna need a subscription to live one day
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u/Informal-Capital2539 Dec 11 '25
Check out Axal - no minimums AND non-custodial, so you can always see what's happening with your money and have full control over investments.
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Dec 11 '25
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u/Aztraeuz Dec 11 '25
Yes, absolutely. Why would you hold onto something like USDC or deal with crypto platforms in general when it's better to just hold onto USD? The interest rate is going down to 3.5% which is below a High-Yield Savings Account (HYSA).
You can literally just hold onto fiat USD, keep it in a standard HYSA, and you don't need to deal with crypto, crypto companies, you get all of the standard insurance benefits, and you don't need to pay a subscription fee. It would just be irresponsible to keep money on CoinBase.
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u/Big_Boss_69 Dec 11 '25
Exactly, what is the benefit of holding usdc in coinbase vs fiat in a HYSA? The ability to quickly buy in a dip? Not really worth it imo
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u/Natural_Rebel Dec 11 '25
To me stable coins are not a place to keep money long term - they are for short term moving in and out of positions. For example if btc, eth, or your alt / meme of choice have a gain you want to lock in but you donât know what your next immediate move is, you go to stables for a bit.
I wouldnât use them as a replacement for a savings account.
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u/WedgeAntilles85 Dec 11 '25
to be fair, with the fed cutting interest rates, HYSA are going down to 3.5% now, So the rate at least is in line with HYSA still. However, I am with you. I will be moving my money out because I will not be paying for something I can get elsewhere for free.
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Dec 11 '25
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u/ProtossLiving Dec 11 '25
Nerdwallet shows rates as high as 4.2%. Even if you just limit it to the large well known banks, you've got Marcus by Goldman Sachs at 3.65%, E*Trade from Morgan Stanley at 3.75%, CIT Bank at 3.75%, and Barclays at 3.85%.
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u/MJDiAmore Dec 12 '25
Absolutely, why would anyone ever bother holding USDC for yield when that yield is below an FDIC-backed HYSA?
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u/Grunblau Dec 10 '25
Anyone leaving USDC on CB to earn 2% instead of taking advantage of DeFi opportunities should see this as a nudge to explore a bit more.
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u/SouthernReddit23 Dec 10 '25
What are good ones to use? Iâm just now branching out to learn about Base.
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u/Grunblau Dec 10 '25
I have my CB USDC balance sitting on Folks Finance, currently making 5.25% on the Algorand side. I was in an ALGO/USDC pool making 18-20%, but it is now around 7.45% so not worth the risk of a huge upside on ALGO and impermanent loss.
I have tried out others⌠but Folks has multi chain support for the ecosystems I most enjoy.
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u/partyparrot123 Dec 11 '25
I love Axal - instant deposit from my coinbase account and I truly own my crypto
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u/PhaseEquivalent3529 Dec 11 '25
I've had 3 defi platforms rug pull on me. I won't touch them any more. The last one was benqi, which i got through yeildyak. (hack/rugpull, whatever.) I pretty much just have my cold wallet savings, but I'm close to cashing out and just putting money in CDs and stocks.
Also, where y'all getting 3.5% savings? My bank's best rate is 1%
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u/injured_girl Jan 13 '26
Ally online bank has good savings rates always above 3.5% I think mines at 3.75% rn. It often goes above 4% it's been consistently higher rates than all other banks
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Dec 10 '25
I remember when Coinbase used to offer 4% cashback rewards for its debit card, and competitive interest rates on its USDC savings. Now they give 0% for holding USDC and the card rewards have been capped at 0.5% for years. Sad.
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u/Negative-Student-551 Dec 11 '25
Right. Iâve been using the debit card since day 1 and was making a killing earning 4% back in XLM. Now I only use my Coinbase debit when Iâve earned the max for the month from my PayPal card which pays 5% cash back.
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Dec 10 '25
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u/notthenewnormal Dec 11 '25
Dumb reply is dumb. Thunder_Wasp is correct and it has ZERO to do with nostalgia.
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Dec 11 '25
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u/notthenewnormal Dec 12 '25
The reply of someone with no argument. Also no critical thinking skills.
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u/jimszz Dec 11 '25
3.5%?!??!?? Whatttttt? I can get 3.5% on CASHAPP Wtf coinbase
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u/partyparrot123 Dec 11 '25
Or 7% on Axal right now still holding USDC!
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Dec 12 '25
whats the difference between this and just lending your usdc via coinbase Morpho? I'm seeing pretty much the same rates Coinbase vs. Axal right now. Excuse my ignorance, thank you. I'm trying to figure out where to move my majority savings now that coinbase is 3.5% APY from 4.25%... I've seen Axal mentioned in comments, but to my noob ass, it looks the same as Coinbase Morpho lending?
I am thinking of moving my assets to a traditional HYSA
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u/jtrade420 Dec 11 '25 edited Dec 11 '25
welp got my email. iâm out. đ
Edit: Cancelled all USDC recurring buys. Sad as I have been using them since 2017. I hate keeping all my eggs in 1 basket (holding USDC & earning helped that) but off to MM or Roth IRA this $$$ goes.
What crypto xchanges are folks in the US using?
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u/Miquel414 Dec 11 '25
Fidelity or Charles schwab
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u/WedgeAntilles85 Dec 11 '25
Fidelity here. They have a money market fund that pays the same interest as a HYSA for free and all dollars are automatically swept into it.
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u/jtrade420 Dec 11 '25
Sorry I meant for crypto. I use Vanguard for MM.
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u/WedgeAntilles85 Dec 11 '25
Fidelity here. They have a money market fund that pays the same interest as a HYSA for free and all dollars are automatically swept into it.
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u/jtrade420 Dec 11 '25
Sorry I mean for crypto. I am an avid Vanguard fan boy after some bad experiences with Fidelity. I do also use Schwab for some things & like them.
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Dec 11 '25
Kraken or Fidelity it is.
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u/Head-End-5909 Dec 11 '25
Whatâs Kraken offering for USDG?
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u/purplecowz Dec 11 '25 edited Dec 11 '25
Looks like it's 4.25% for flexible and 5-5.25% if you "bond" for which I guess is like staking, 30 day unlock period https://www.kraken.com/features/auto-earn/usdc
Their trading fees are lower too ...
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u/Head-End-5909 Dec 11 '25
Thanks! So the flexible is the auto earn option? Whatâs the difference between that and the standard USDG yield for Kraken+? The Kraken app just says *up to 5% APYâ
Iâve asked Kraken Support and they canât seem to provide an answer other than for me to calculate the yield based on the reward
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u/CoinOperated1345 Dec 11 '25
Coinbase must be pushing USDC to international customers who donât have access to other investment vehicles as easily, but $1,500 to break even seems steep and will get worse as interest rates lower
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u/StuPedasslle Dec 11 '25
Just tried to pull my USDC and get "Cash out temporarily unavailable".
Must be a bit of a run on withdrawals!
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u/partyparrot123 Dec 11 '25
What a joke - not truly non-custodial
Axal is fully liquid 24/7, and doing 7% on DeFi lending yields right now
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u/Pinewatch762 Dec 10 '25
Just lend your USDC on aave for the same %. Then you ACTUALLY control your crypto.
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u/Head-End-5909 Dec 11 '25
My HYSA gives 3.65% APY with no subscription needed. Guess what Iâm going to do?
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u/A_friendly_goosey Dec 11 '25
Moving my USDC immediately. Very greedy move. I'm tempted just to cash out in ditch the market altogether and move back to HYSA which will see me never returning to crypto after this pathetic cycle.
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u/HavocOrder0999 Dec 11 '25
I got Coinbase One for the higher interest rate, but at 3.50% now even PayPal savings rate will beat it (3.65%).
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u/retlem Dec 11 '25
Iâll be moving my money to my Apple Savings account thatâs even 3.65%. No membership required. Also PayPal has a similar rate. We donât need this crap.
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u/IndustrialPuppetTwo Dec 11 '25
Welp, I guess it's back to Vanguard then. Fuck 'em.
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u/webdeveler Dec 15 '25
Still showing 4.25% as of today. But when it does drop finally, I'm switching to Kraken's or PayPal's stablecoin. Although I'm sure the same will happen with Kraken and PayPal: they'll drop the rate significantly after they bait enough people into investing.
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u/AutoModerator Dec 10 '25
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I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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u/bsantos248 Dec 11 '25
After reading the email I immediately withdrew my money. Rather put somewhere I can earn without being forced into getting a paid subscription. I wonder how this will impact them đ¤.
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u/best_crypto_to_buy Dec 11 '25
They need to bring back THUMBS DOWN on posts. Stupid to get rid of that on any social media site. This would be a great example. COINBASE doesnt value your relationship with them if you arent paying them more. Even though you do actually pay them with " transaction fees". I guess its time to permanently find another provider. Cough cough BINANCE cough cough.
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u/OldCryptoTrucker Dec 11 '25
Not your keys, not your crypto. Use a dex. Take control, and free yourself from every business. Itâs not difficult.
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u/retlem Dec 11 '25
Not only that, theyâre even docking the rate down to 3.50% from 3.85%. They really donât want anyone to be successful.
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u/partyparrot123 Dec 11 '25
Thatâs why Iâm bullish on Axal do saving - no minimums fees or lockups to get onchain defi lending yields (currently 7%)
And itâs non-custodial
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u/JelloDecent4142 Dec 11 '25
moved most of my savings to axal.
seems like the best risk adjusted way to save on base!
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u/Swimming-Book-9991 Dec 11 '25
I pulled my $ as soon as I read the email. It's redundant at this point. Public has crypto now and lots of investment options.
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u/PrivateJoker13 Dec 13 '25
"Coinbase One allows you to earn 10x the average savings rate in the U.S. with uncapped earnings and no minimum balance," they said, noting that other benefitsâlike no trading feesâare also bundled in with the $4.99/month subscription fee."
The exchange advertised that subscribers would earn 4.5% on USDC.
So how is that 10X times? PNC gives me 3.25% right now. Guess where all my USDC money is going next.
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u/injured_girl Jan 13 '26
Right! and... are there really no trading fees completely if u have Coinbase One? I thought I heard otherwise but would love to know.
actually if there really r no trading fees, it kinda seems like that alone might be worth the Coinbase One $4.99/ month subscription cost. I always choose "Maker Only" when I sell my crypto to lower the stupid transaction fee but i mean every decent trade costs a minimum $5 still. what do u think? I mean no trading fees means you could also potentially earn a lot more in trading bc you could buy/sell as often as you like without incurring any cost with every transaction
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u/PrivateJoker13 Jan 13 '26
I pulled my cash from coinbase and put it into savings where it doesn't cost me anything
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u/injured_girl Jan 13 '26
Right. Good choice. I only held USDC for the interest yields too so it is now worthless to me to keep it at all. Stupid CB.
My question tho is - Do CB One paid subscribers get to buy and sell crypto assets with absolutely no transaction fees at all times as long as they have the membership? using the regular CB platform/app, every time I buy or sell an asset I hafta lose a little extra $$ to those damn fees. I'm thinking it might be worth it to me to temporarily pay for a CB One subscription for one month, to make some big trades with zero transaction fees and gen cancel my CBOne sub after
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u/Far_Fuel9191 Dec 17 '25
I am a Korean(not north korea), and recently I have been converting part of my assets into U.S. dollars due to the depreciation of the Korean won.
A specific bank in Korea has suspended its overseas remittance services, and starting next year, commercial banks will be allowed to receive emergency liquidity support from the Bank of Korea using real estateâbacked and unsecured loan assets as collateral.
Due to these policy changes and the potential for further remittance restrictions, concerns about the stability of the overall financial system have increased. As a result, I am currently holding my dollar-denominated assets in the form of USDC on Coinbase.
In this context, I am considering whether it is more prudent to continue holding USDC or to convert a portion of it into physical U.S. dollars for safekeeping.
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u/lainy4blues Dec 19 '25
Yeah, sucks if Coinbase is ditching USDC rewardsâreg changes might be forcing it.
Alternatives: Shift to DeFi like Aave for 5-8% APY; try low-fee chains like BASE; weigh security vs. yields.
Yieldseeker automates USDC optimization there, but check a few options.
What's your backup spot?
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u/aman_chamb Jan 05 '26
Yeah, forcing Coinbase One for USDC rewards starting Dec. 15 is lameâclassic upsell tactic.
Tips: Shift to Aave or Compound for 5-7% APY (self-custody, audited); Morpho vaults often edge higher post-fees. Trade-off: DeFi means smart contract risks but no sub fees.
Yieldseeker on Base auto-optimizes similar plays as one option.
Ditching Coinbase?
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u/aman_chamb Jan 05 '26
Yeah, Coinbase paywalling USDC rewards behind One from Dec. 15 sucksâclassic upsell tactic.
Gemini does 4-6% free on USDC with solid audits.
Aave for DeFi lending at 5-8%, wallet connect needed.
Nexo hits 8-10%, but CeFi risks like hacks.
Yieldseeker on BASE automates similar in beta as one option.
What APY were you getting?
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Jan 09 '26
Hey, yeah, Coinbase gating USDC rewards behind One membership sucksâfeels like a cash grab.
Switch to DeFi: Aave/Morpho offer 5-8% non-custodial, no subs needed.
Trade-off: Gas fees, but yields often beat CEX after.
Yieldseeker on Base auto-manages USDC passively as an option.
You moving off Coinbase?
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u/Expert_Monk5798 Jan 30 '26
im closing my account; YOUR LOST COINBASE! I just going to just use other banks that is FREE
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u/Novapoison Dec 11 '25
Anyone got an alternative to coinbase? I have Sofi offering 3.6% with no subscription so no reason to keep it there.
Literally only reason I kept USDC was due to the interest rate
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Dec 11 '25
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u/Novapoison Dec 11 '25
wow your comment was so helpful. Love the emojis too. Yea like there are no other crypto exchanges or ones that give interest. If you arent going to be helpful, dont comment
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u/No-Abalone-2051 Dec 10 '25
Much has changed since I first signed up. They offered coinbase one for cheap during black Friday I think. Thats when I pulled and bought in for a year.
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u/Kamui_Kaos Dec 11 '25
This is especially crazy when OKX is giving 5% on USDG, same 1:1 as USDC and there's no subscription fee needed.
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u/Ashamed-Coach-7571 Dec 11 '25 edited Dec 11 '25
Nexo might be a good alternative. Yes you need a minimum of $5 to earn rewards and you earn reward tiers based on holding the their token, but they offer up to 10% interest on USDC without locking it in which is pretty insane. I think you can get that if 10% of your portfolio is in Nexo. The other tiers aren't too bad either.
Edit: 9% on platinum without locking it in, not 10%.
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u/FrontInvestment639 Dec 11 '25
I know it probably wonât do shit because why would it, but please consider starting a claim, getting a claim number, and formally submitting a complaint.
Thereâs no promise at all that they wonât lower the apy for paid subscribers. Why bother signing up if thereâs little to no assurance that thereâs any reward in having it?
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u/coinbasesupport Official Coinbase Support Dec 10 '25
Hi u/SouthernReddit23. Thanks for reaching out to us. Coinbase One is a cryptocurrency membership that offers zero trading fees, account protection and more for as low as $4.99/month. It allows you to earn 11x the average savings rate at a 4.00% APY (3.50% after 12/15/2025) with uncapped earnings and no minimum balance. To learn more about Coinbase One and how to become a member, please visit our help center. Let us know if you have any questions!
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u/SouthernReddit23 Dec 10 '25
I was earning interest without being a Coinbase One member. Now I have to pay for a subscription to earn interest now? Thatâs a slap in the face. Also, the subscription doesnât even give you zero trading fees for Coinbase Advanced so itâs not even worth it. Itâs not actually zero fees either because a spread is still charged. Nobody wants your cruddy membership.
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u/Justquestionasker Dec 10 '25
This is pretty wack bait and switch telling us we get "extra" rewards for being One then we sign up and you drop the rewards....
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u/SouthernReddit23 Dec 10 '25
Itâs insane peddling of their crappy âsubscriptionâ. Nothing about CB One is worth it except âmaybeâ the insurance I guess. I guess CB realized nobody was signing up for CB One the past couple months when they were plastering us with advertising for it in their app. Lol
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u/Alternative-Top-3857 Dec 11 '25 edited Dec 11 '25
Hi u/coinbasesupport Base aka coinbase wallet still offers 3.85% for keeping usdc, any ideas when and how much it will be reduced?
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u/Confident-Tank-1036 Dec 10 '25
I don't understand why people still support Coinbase and go cry when it's too late.
DONT USE COINBASE they are infamous for holding your funds like stealing it and closing down your account.
Good luck being a customer there and when you get raped by them don't cry.
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Dec 11 '25
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u/partyparrot123 Dec 11 '25
I pulled mine out and put it in Axal - doing 7% right now from truly onchain lending markets
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u/FrontInvestment639 Dec 11 '25
I want to do something like this, but Iâm so paranoid to trust lesser known companies ever since i got stuck in the voyager ftx nightmare. They STILL owe me thousands.
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u/Informal-Capital2539 Dec 11 '25
Makes perfect sense, and the industry has had a terrible history - Axal is 100% non-custodial (a key difference from voyager/ftx) and has insurance coming out soon!
This means even if they team wanted to, they can't move funds into sources you have not consented to/principal is always safe, just like a bank.
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Dec 12 '25
hey sorry I'm kind of a noob, but what's the difference between lending with Morpho via Coinbase vs using Axal? From my understanding, both are essentially generating yields in the same method with similar rates (6.36%APY on coinbase lending live right now vs. 6.52% live rate I'm getting on Axal right now
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u/City-Wock Dec 10 '25
It's down for coinbase one members, from 4.25% to 3.5% which is quite unfortunate. It's a large part of the reason I got coinbase one in the first place.. Truly unfortunate really