In this paper, a notion of Schauder equivalence relation R N /L is introduced, where L is a linear subspace of R N and the unit vectors form a Schauder basis of L. The main theorem is to show that the following conditions are equivalent:(1) the unit vector basis is boundedly complete;(We show that any Schauder equivalence relation generalized by basis of ℓ2 is Borel bireducible to R N /ℓ2 itself, but it is not true for bases of c0 or ℓ1. Furthermore, among all Schauder equivalence relations generated by sequences in c0, we find the minimum and the maximum elements with respect to Borel reducibility.We also show that R N /ℓp is Borel reducible to R N /J iff p ≤ 2, where J is James' space.