Coinbase Referral Code 3KMZM83 — £40 Welcome Bonus

Terms & Conditions Apply

The £40 referral bonus on Coinbase applies when a new user signs up using the referral code 3KMZM83, completes identity verification, and meets qualifying trading activity requirements. Bonus availability and value vary by region and are subject to promotional terms. Coinbase Advanced perpetual futures are available in select jurisdictions. Not available in all countries; check Coinbase's regional product availability.

How to Claim

1. 1

   Click the Claim Bonus button to open Coinbase with the deposit bonus offer pre-linked.

2. 2

   Connect your wallet and complete account registration. Review the minimum deposit requirements.

3. 3

   Make a qualifying deposit to your account. The bonus will be credited automatically.

4. 4

   Begin trading to meet any volume requirements. Monitor your bonus status in the rewards dashboard.

About Coinbase

## What Coinbase is NASDAQ ticker: COIN. Quarterly audited financial statements filed with the SEC. A court-enforceable compliance framework. [CFTC-regulated perpetual-style futures available to US residents](https://www.coinbase.com/blog/perpetual-futures-have-arrived-in-the-us) since July 21, 2025. Coinbase is not an offshore exchange presenting regulatory claims with no legal backing. It is a publicly traded company with disclosure obligations under US securities law, and that distinction matters when choosing where to hold collateral. Coinbase founded its derivatives operation later than its spot business. The [Coinbase International Exchange](https://www.coinbase.com/international-exchange) launched in 2023 under a Bermuda Monetary Authority Class F license, initially offering 20x leverage and around 80 pairs. By late 2025, Coinbase had expanded the international product to 199-plus perpetual futures pairs across crypto and stock perpetuals, raised maximum leverage to 50x, and added metals futures. All contracts are USDC-settled — not USDT — which removes one stablecoin counterparty risk layer and eliminates conversion for users already holding USDC. US traders access the product through Coinbase Financial Markets (CFM), a CFTC-registered entity, currently limited to nano BTC and ETH perpetual contracts at 10x leverage. That makes Coinbase the only exchange on this list where a US resident can legally trade perpetual-style futures through a domestically registered, regulated entity. ## Fees in detail The [Coinbase International Exchange fee schedule](https://help.coinbase.com/en/international-exchange/trading-deposits-withdrawals/international-exchange-fees) is tiered by 30-day volume, with rates refreshed hourly. The structure runs: - Tier 0 (under $1M monthly): 0% maker, 0.03% taker - Tier 1 ($1M–$5M): 0% maker, 0.025% taker - Tier 2 ($5M–$20M): 0% maker, 0.020% taker - Tier 3 ($20M–$100M): 0% maker, 0.016% taker - Institutional / Coinbase Prime: negotiated, as low as 0% maker / 0.04% taker for spot (different schedule) The maker fee is genuinely zero at all tiers on the International Exchange. For limit-order traders who post liquidity, Coinbase's perpetuals product is cheaper than Binance (0.02% maker), Bybit (0.02% maker), and OKX (0.02% maker). The base taker rate of 0.03% is also below Binance's 0.05% and Bybit's 0.055%. For a $10,000 round-trip trade at market using base tier taker rates: Coinbase costs $6.00, versus Binance at $10.00 and Bybit at $11.00. That is a genuine cost advantage for active taker traders at retail volumes. Run your specific strategy at the [PerpFinder fee calculator](/tools/fee-calculator). The US CFM product has a separate schedule; the CFTC-regulated nano contract fees start as low as 0.02% per trade. ## Security and proof of reserves Coinbase has operated since 2012 with no major exchange-level hack resulting in user fund losses. Over 13 years at scale, that is the strongest security track record on this list alongside [Kraken](/exchanges). The transparency framework goes beyond what any Merkle tree audit provides: quarterly financial statements filed with the SEC include asset and liability disclosures that are audited by independent accounting firms under US GAAP standards. [Proof of Reserves is published](https://www.coinbase.com/institutional/research-insights/research/market-intelligence/on-chain-data) as a supplement to the financial reporting. The combination of SEC-filed audited financials plus on-chain reserve verification is the highest transparency standard available in this comparison. MiCA registration in the EU and MAS registration in Singapore add regulatory coverage across major international markets. Bermuda Class F covers the International Exchange product. The PerpFinder team cross-checked Coinbase's May 2026 reserve disclosures against SEC filings and found the on-chain BTC and ETH holdings consistent with reported figures. No other exchange in this comparison offers audited financial statements as part of its reserve documentation. ## Leverage and pairs The International Exchange now lists 199-plus perpetual futures pairs including crypto perps, stock perpetuals (equity exposure without share ownership), and metals futures, all USDC-settled. Maximum leverage on major crypto pairs reached 50x in 2025, up from the original 20x cap. US traders through CFM are capped at 10x on currently available contracts. Compared to the wider market: 199 pairs is above Kraken's offering but well below [Bybit](/exchanges) at 400+ and [BloFin](/exchanges) at 460+. For altcoin futures coverage, Coinbase's pair count is not the answer. For regulatory-grade access to BTC, ETH, and major liquid crypto pairs, it covers the relevant universe. All contracts are cross-margined in USDC. There are no coin-margined (inverse) contracts. This is by design, not an oversight — the USDC-only margin model fits institutional and compliance-driven use cases where USDT exposure is restricted. ## Who Coinbase is for US residents who want legal access to perpetual-style futures through a CFTC-registered venue — this is the only option on this list. The current US product is limited to nano BTC and ETH at 10x, which suits traders building familiarity with perpetuals before accessing larger venues. Institutions and compliance-sensitive traders who need an exchange with audited financials, SEC reporting, MiCA coverage, and no FTX-style counterparty opacity. The regulatory premium comes at a cost in leverage ceiling and pair count — that is the explicit trade-off Coinbase's perpetuals product presents. Retail traders who primarily use limit orders will find the 0% maker fee structure the most cost-efficient base rate on this list. See all available pairs and live volume on the [PerpFinder exchanges page](/exchanges). ## How it compares Fee comparison for a non-VIP $10k round-trip (taker both ways): Coinbase International $6.00, Binance $10.00, Bybit $11.00, OKX $10.00, [Hyperliquid](/perps/hyperliquid) $9.00. Coinbase wins the fee comparison at base taker rates despite its regulatory overhead. It loses on leverage ceiling (50x vs 125x at Binance), pair count (199 vs 400+ at Bybit), and altcoin depth. Use the [cost comparison tool](/tools/cost-comparison) for a direct model, and check [available deals on PerpFinder](/deals) before opening an account. We sampled Coinbase International's ETH/USD perp order book in May 2026 — the BTC and ETH pairs showed tight spreads competitive with mid-tier venues; altcoin perps showed wider spreads reflecting the lower pool of market makers.