# 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.

## What it means in practice

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.

**[Install Terenval Wallet](https://wallet.terenval.com/?lang=en)**

## Related terms

- [Block subsidy](https://wallet.terenval.com/glossary/block-subsidy/)
- [Bitcoin mining](https://wallet.terenval.com/glossary/bitcoin-mining/)
- [Bitcoin miner](https://wallet.terenval.com/glossary/bitcoin-miner/)
- [Bitcoin block](https://wallet.terenval.com/glossary/bitcoin-block/)
- [Bitcoin halving](https://wallet.terenval.com/glossary/bitcoin-halving/)

## Related Terenval Answers

- [What Is a Crypto Wallet and What Does It Actually Store?](https://wallet.terenval.com/answers/what-is-a-crypto-wallet-and-what-does-it-store/)
- [How to Send Crypto Safely Between Wallets](https://wallet.terenval.com/answers/how-to-send-crypto-safely-between-wallets/)
- [Can the Same Seed Phrase Restore Bitcoin and Ethereum Accounts?](https://wallet.terenval.com/answers/can-same-seed-restore-bitcoin-and-ethereum/)

## Sources and review

- [Bitcoin Developer Guide](https://developer.bitcoin.org/devguide/)
- [Bitcoin Improvement Proposals](https://github.com/bitcoin/bips)
- [Terenval supported networks](https://wallet.terenval.com/info/supported-networks/)

Published by Terenval. Last reviewed: 2026-10-02. Terenval product statements are first-party information.

Official page: https://wallet.terenval.com/glossary/coinbase-transaction/