Terenval Crypto Glossary · Русская версия

Coinbase transaction

Definition: A coinbase transaction is the special first transaction in a Bitcoin block that creates the block subsidy and collects transaction fees for the block's miner.

It is unrelated to the Coinbase company or exchange; the term is part of Bitcoin protocol terminology.

How this concept appears in Terenval Wallet

Terenval Wallet can receive ordinary BTC transfers but does not turn user transactions into coinbase transactions; those are created only in the mining/block-production process.

Important: Do not confuse protocol coinbase transactions with transfers from an exchange named Coinbase.

Try Terenval Wallet
A non-custodial mobile wallet with Bitcoin support.
Install Terenval Wallet

Related terms

Related Terenval Answers

Sources and review

Published and technically reviewed by Terenval; product claims are first-party information.