Compared with the competition ( Binance or Crypto.com), Coinbase’s customer support team fails to deliver at this stage. Of course, it’s probably not their fault – but this issue might result in an account closure for a lot of users. You are advised to withdraw your fund before closing your account. They provide options such as Bitcoin and Ethereum as third-party options for withdrawing funds. Before you decide to get rid of your Coinbase account, you should be aware that doing so requires certain precautions. Coinbase users have reported unexplained account closures and suspensions before, and in some cases, the company has said that it has frozen user funds as well as account balances.
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If you still have any existing balance on the wallet, you will be provided with an opportunity to transfer all of it to another wallet of your choice. Now click on “Close account” to delete your account permanently. An email will be forwarded to you from Coinbase that your account is deleted. Users can only close their Coinbase accounts through a web browser.
CAN A COINBASE ACCOUNT BE CLOSED?
To delete a Coinbase what does being unbiased mean account, users must first visit their profile pages on the cryptocurrency exchange from a web browser. On the menu that will appear, users will have the option to close their accounts. Before getting into the step-by-step process of deleting a Coinbase account, it’s important users first ensure they have no funds on the cryptocurrency trading platform. IF they do, it’s advisable they either move them to another cryptocurrency exchange or a wallet they control. Deleting your Coinbase account is a straightforward process if you follow the steps outlined in this guide. Remember to clear any pending transactions, withdraw your funds, and cancel recurring orders before initiating the account deletion.
Started in 2012, Coinbase was one of the most popular cryptocurrency exchange platforms in the crypto industry. It was hacked in 2021, and the platform was able to regain control over the accounts and reimburse the funds lost by the account holders. After withdrawing your funds, transferring them to another external wallet is a great option for you. You can actually transfer your crypto from Coinbase to Trust Wallet to secure them for future use. But sometimes, even an excellent service like this one has drawbacks.
Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. They include Binance, the largest exchange in the world presently, Kraken, eToro, Bitfinex, Bitpanda, Zengo, Coinmama, Gemini, e.t.c. Disabling your account is temporary, and you’ll be able to reactivate it back later.
Enter your password & click on “Close Account”
Hence, if you’re using Coinbase on a desktop, the user interface will be a little different. To delete your Coinbase account, you need to navigate to the “Activity” page.
You can delete your Coinbase account via the official website, not within the mobile app. Make sure you don’t have any remaining funds before the account deletion process. If you have any payment methods linked with your Coinbase account, we recommend removing your bank account or other credit cards to guarantee security. We don’t say there will be future charges, especially as you close your account, but it is better to prevent from a cyber security point of view. After you’ve closed your account, Coinbase will still retain some of your personal information for reasons of legal obligations, preventing fraud, and resolving disputes. The platform will keep your data for up to five years after closure.
You won’t be able to use the Coinbase mobile app as it does not have a feature to delete your account there. After you’ve clicked on “Close Account”, you are required to enter your account’s password for security purposes. One of the best Coinbase alternatives for the US users is Crypto.com, which is focusing on regulations and have a straightforward process to register on their app.
On clicking the close account option, you will receive a confirmation message about deleting your account. In conclusion, closing your Coinbase account requires careful consideration and taking steps to protect your funds and personal information. You can ensure a smooth transition by following the recommended actions, such as withdrawing funds, reviewing account security, and saving transaction records. After taking precautions and measurements, we arrived at the practical part of this journey. In the following steps, we are going to show you how to close your Coinbase account permanently.
Next, click on the profile icon in the upper right corner and proceed to the “Manage your profile” menu. Begin by logging in to your Coinbase or Coinbase Pro account with your email address and password. In this article, we will provide a comprehensive guide on how to securely delete your Coinbase account. The process required to delete a Coinbase account is straightforward, as outlined above. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment.
- Since you’ve deleted your Coinbase account, you can check some of the best Coinbase alternatives.
- On the other hand, deleting your Coinbase account is a permanent and irreversible process.
- Congratulation, you have successfully closed your Coinbase account without the need to contact Coinbase’s support team.
- If you decide to close your Coinbase account, you must ensure that you retrieve any funds currently in your account before removing them.
We highlighted the best practices which will serve you best for future endeavors. It is essential to clear your Coinbase account before closing it. A non-custodial wallet where you keep your private keys safe is like an unhackable bank vault, probably even more safer. Scroll down to the bottom of the page, and you will see the close account section at the end.
Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies. For settling disputes and combating fraud, some personal information will be retained by Coinbase for as long as five years minimum or longer than that if it’s still necessary to hold on to it. However, an email address was not explicitly mentioned as part of the personal information retained. Still, it may be included by Coinbase as part of personal information. Hence, you should always consider disabling your account instead of deleting it.
In this guide, you’ll learn how to delete your Coinbase account. Hence, if you delete your Coinbase account, your Coinbase Pro account will also be deleted. After you delete a Coinbase account, you can open a new one whenever you want. Make sure to delete Coinbase App from your phone afterwards, for maximum security.
To avoid stress and be more efficient, it is advisable to use a desktop in this section as a mobile might misbehave. Altcoin refers to all other coins apart from Bitcoin like Ethereum, Litecoin, Dogecoin, e.t.c. To convert these coins to Bitcoin, use cryptocurrency exchanges like Bittrex or Binance. Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps. After you’ve clicked on “Close Account”, your Coinbase account will be permanently deleted.