Is Coinbase Advanced custodial? Who holds your funds?
Yes. Coinbase Advanced is custodial: the venue holds your funds on your behalf.
Checked 2026-10-17 · 2 sources- Balances sit with Coinbase, the same custodian as the regular Coinbase account. Coinbase says assets are held 1:1 and are never lent without the customer's consent.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 3 reported incidents for Coinbase Advanced on its legit check.
Sources: Coinbase Help - Advanced referral program terms (invitee rewards) · Coinbase available balance FAQ. The venue's own page wins if it disagrees with ours.
Coinbase Advanced
Exchange · 1.8% round trip. Coinbase Advanced is the order-book trading mode of Coinbase, the custodial exchange run by Nasdaq-listed Coinbase. It replaced Coinbase Pro, uses the same Coinbase account and charges maker and taker fees by 30-day volume instead of a spread. It targets active traders and offers spot and, in eligible regions, derivatives.
Full Coinbase Advanced sheet: fees, custody, incidents →