There are two ways to do this; the first method is to convert your crypto assets to fiat and then transfer them to your bank account directly on Coinbase. The other method will be to transfer your crypto to another crypto exchange or crypto wallet. Before you can delete your Coinbase account, your account balance has to be equal to $0.00. So, before closing your account, make sure you transfer all your assets to a non-custodial wallet, an external wallet, or hardware wallets. This is because deleted accounts will be logged into the Coinbase database and kept for over five years according to the exchange’s Privacy Policy to prevent fraud. This means the email addresses and mobile numbers of such accounts cannot be used to create a new account on Coinbase.
The first step is to visit the Coinbase website on a desktop or personal computer (PC). If the account has been inactive for up to 30 days, the user will be forwarded a seven-digit authentication code to their registered mobile number or email. Once all these steps are completed, the Coinbase exchange will become accessible.
- Next, click on ‘Manage your profile’ immediately below the username and email address.
- This is the only accepted means that the US-based cryptocurrency exchange can close your account with the company.
- Coinbase does not allow users to delete their accounts if they still have funds in them.
- Once you’re on the “Activity” page, scroll down and click on “Close Account” to delete your account.
Step 3. Go to profile settings
If you decide to close your Coinbase account, you must ensure that you retrieve any funds currently in your account before removing them. 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. 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.
Coinbase is not responsible for lost funds if the account has been deleted. It’s worth noting that deleting the Coinbase app does not delete your Coinbase account, but simply removes the app from your mobile device. Reinstalling the app will allow you to login with your old credentials.
Step 6: Enter your Coinbase account password and click [Close Account].
When users with balances on their accounts try to delete their Coinbase accounts the exchange blocks them from doing so. In addition, you can transfer your crypto directly to another exchange. We suggest Binance, which is widely considered one of the best crypto exchanges due to its impressive feature set and a large number of supported cryptocurrencies. They provide options such as Bitcoin and Ethereum as third-party options for withdrawing funds.
Step 1: Log in to your Coinbase account
Also, make sure that your account balance is zero and that you don’t have any outstanding issues and orders. That experience helped them secure their accounts and safely connect and trade through your bank account. Coinbase is now more cautious in blocking suspicious accounts to make that users’ funds and information are safe.
Also, make sure to cancel any active recurring cryptocurrency orders. This will ensure that there will be no issues surrounding your account closure (if you forgot about any open orders, Coinbase will notify you about them before you delete your account). If you have any outstanding issues or concerns with Coinbase’s customer support, it’s advisable to resolve them before deleting your account. Contact Coinbase’s support team and ensure all your inquiries or problems are appropriately addressed.
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. In the following steps, we are going to show you how to close your Coinbase account permanently.
If you’re thinking of getting started with cryptocurrency, one of the first and most obvious places to start is by setting up a Coinbase account. After you’ve clicked on “Close Account”, your Coinbase account will be permanently deleted. After you’ve clicked on “Settings”, you’ll land on the settings page. If any of this won’t solve it, you can contact Coinbase’s customer support team with ‘Account Deletion’ as the subject, or ‘Delete Coinbase account’. To prevent fraud and due to legal obligations, all of the centralized exchanges will have a KYC procedure that you need to do. Congratulation, you have successfully closed your Coinbase account without the need to contact Coinbase’s support team.
Furthermore, crypto traders should note that deleting a Coinbase account is irreversible, meaning they will lose all access and data linked to the deleted account. However, Coinbase will still retain some personal information on the deleted account for at least five years as part of its legal obligations to the government. To 3 pack bundle ledger hw 1 cold storage safe hardware wallet for btc bitcoin delete a Coinbase account, users must first visit their profile pages on the cryptocurrency exchange from a web browser.
At the bottom of the menu, you’ll see other options including “Settings”, “Reports”, “Help”, and “Sign out”. Once you’re on the website, click on the menu icon, then log in to your account. Hence, if you’re using Coinbase on a desktop, the user interface will be a little different. But before you delete your Coinbase account, you need to know that both Coinbase and Coinbase Pro share most of your account’s settings. So what the heck is an ico even if you have an issue, you don’t have to wait days to get an answer. Yes, you can delete your Coinbase account at any time – before verification or after verification.
Nasdaq-listed cryptocurrency exchange Coinbase is an entry point into the cryptocurrency space for many who may be willing to how to buy leash coin venture onto other platforms after starting off there. For those wanting to clean up their accounts, figuring out how to delete a Coinbase account may be a hassle. 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. 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.
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. You can delete a Coinbase account anytime you want by doing the steps about and pressing the ‘Close my account’ button. It is best to review and revoke any active API keys or third-party applications with access to your Coinbase account, thus ensuring the most security upon closing your account. And that’s a good thing, recently a lot of people have proceeded with an account close on Coinbase and other CEXs due to FTX.com’s failure.
Regardless of your reason for deleting your account on Coinbase, the process is a fairly easy one since Coinbase offers a very easy-to-use user interface on its website and mobile app. If you use the Coinbase mobile app on Android or iPhone, here is how to delete your account in a few steps. Unlike some other crypto exchanges, closing your account on Coinbase is an easy process and in this article, you will learn how to delete your Coinbase account quickly. The exchange says accounts can only be permanently closed on the web browser. This means you must use a desktop or PC to close the Coinbase account.