General FAQs on Coinbase Distributions

Modified on Wed, 27 Mar 2024 at 05:04 PM


Do I need to have a Coinbase account to receive my claim?

If you have been notified that you will receive your claim distribution through Coinbase, you need to have an active Coinbase account. You must use the same email address associated with your Celsius account for your claim distribution to be received. 


If you do not currently have a Coinbase account, you will have to sign up for an account to receive your assets. 


How will I receive my claim distribution in my Coinbase account?

Creditors who are receiving their claim distribution from Coinbase must have an active account at Coinbase using the same email address associated with their Celsius account. Once your personal details have been matched by Coinbase, claim distributions are automatically deposited into your account.


When your claim distribution is successful, you will receive a communication from Coinbase notifying you of a deposit into your Coinbase account. You will also receive an email from Stretto confirming the receipt of your claim.


Who will receive their cryptocurrency distribution via Coinbase?

If you are a creditor residing in one of the countries included in the table below, Celsius will attempt to make your distribution through Coinbase. Accordingly, you should open a Coinbase account matching the information associated with your Celsius account. If you are unable to receive your distribution at Coinbase for any reason, you will be assigned to receive your distribution in US dollars.


Please note that the list of countries below may be modified, and there is no guarantee that you will receive your distribution via Coinbase if you are a resident of one of these countries. More specifically, you will be required to meet the KYC and other requirements of Coinbase for the applicable jurisdiction.


Albania, Andorra, Argentina, Australia, Austria, Azerbaijan, Belgium, Plurinational State Of Bolivia, Brazil, Bulgaria, Burkina Faso, Cameroon, Canada, Cayman Islands, Chile, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, El Salvador, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Ghana, Greece, Guatemala, Guernsey, Hong Kong, Hungary, Iceland, Indonesia, Ireland, Isle Of Man, Italy, Jamaica, Japan, Jersey, Kazakhstan, Kenya, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Monaco, Mongolia, Nepal, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Romania, Saint Kitts And Nevis, Saint Martin, San Marino, Serbia, Singapore, Sint Maarten, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Togo, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, Zimbabwe


I received an email telling me to create a Coinbase account but I already have one. What should I do?

To receive your cryptocurrency distribution, please ensure you have an active account at Coinbase using the same email address used for your Celsius account. If your emails are already matching, no further action is required.


Could I receive my distribution through a Coinbase Wallet? 

Distributions made via Coinbase will take place through customer Coinbase exchange accounts and cannot be routed to Coinbase Self-Hosted Wallets.

Is there a deadline by which I must collect my cryptocurrency via Coinbase?

Creditors will have one year to redeem their distributions from the first attempt to deliver (which for cryptocurrency shall be the first date on which such distributions are open for a particular creditor). Any distribution that is unclaimed or otherwise remains undeliverable for one year after the first attempt to deliver, shall be treated as unclaimed property under the Plan and returned to the Estate for future distributions made under the Plan to eligible creditors.

Do I have to pay a fee to receive my distribution at Coinbase?

No, there are no fees to receive your claim distribution into your Coinbase account. When transferring your distribution to a wallet outside of Coinbase, blockchain network transaction fees will apply. These network transaction fees are disclosed when submitting a withdrawal transaction off the Coinbase platform. 


What is the daily limit on withdrawals from Coinbase?

Withdrawal, trading, and other limits are determined based on your account’s verification level, your account jurisdiction, and potentially other factors. Visit Coinbase here for more information.

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