This complete blog will walk you through the steps of permanently deleting your Coinbase account, highlighting important details and considerations at every turn. In the event the funds are below the withdrawal threshold, you can either donate the balance to a non-profit called GiveCrypto.org. To do this, head to the profile page, click on ‘Close Account,’ and then tap ‘Donate Balance’ among the list of options shown.
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However, this website is readers supported, and it’s free for you to use, but we include link(s) to products or services we think are useful to you. If you make use of these third-party links, we may receive some commission at no extra cost to you. Finally, due to security purpose, I wouldn’t advice using an exchange free money flow to keep your cryptocurrency investment for longer period. Disabling your account is temporary, and you’ll be able to reactivate it back later. On the other hand, deleting your Coinbase account is a permanent and irreversible process. To delete your Coinbase account, you need to navigate to the ‘Activity’ page.
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You can delete your Coinbase account and make a new one later using the same information you used when opening the account you deleted including your email address. Enter your Coinbase account password in the correct field then tap on [Close Account] to close your Coinbase account. To continue, close the dialog https://cryptolisting.org/ by tapping on the red [Close account] button. Once the balance on your Coinbase account is exactly 0, you can then proceed with the account deletion process and your account should be deleted within the next 24 hours. There are several reasons why you might want to delete or close your Coinbase account.
Can you permanently delete your Coinbase account?
Prolonged waiting times take place, and important problems such as transmitting money across the incorrect network are frequently unresolvable. We can help you whether you’re searching for better solutions, concerned about the safety of your account, or just excited to learn about new cryptocurrency-related prospects. Once a ‘Close Account’ request is made, your details – including phone numbers – are rendered dormant.
On the other hand, they may freeze your account if you violate User Agreements, such as engaging in prohibited activities. Once you have officially completed it, you can finish by closing your account. Once you have emptied your Coinbase account, click on [Close account] on the Coinbase Accounts Profile page then enter your password and click on [Close Account] to delete your Coinbase account.
Nasdaq-listed cryptocurrency exchange Coinbase is an entry point into the cryptocurrency space for many who may be willing to 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. 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. 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 your email addresses and mobile numbers of such accounts cannot be used in creating a new account on Coinbase.
Once all these steps are completed, the Coinbase exchange will become accessible. Below are some guides on how to transfer crypto from Coinbase to some crypto wallets and exchanges. On the platform, you can purchase crypto using any of the available payment methods in your country, send and receive crypto on your account, purchase NFTs and other crypto assets + more. In this guide, you’ll learn how to close and delete your Coinbase account permanently.
- Once the account is closed, users can then create a new one on the Coinbase website with a new email address and mobile number.
- It’s important to close your Coinbase account carefully and to take precautions to safeguard your money and personal data.
- If you decide to close your Coinbase account, you must ensure that you retrieve any funds currently in your account before removing them.
- Maybe you would like to transfer your cryptocurrency holdings to secure wallet.
It is worth noting that Coinbase will retain some of your information for a minimum of five years after the account was closed in an effort to comply with legal obligations and to prevent fraud. 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. Your data is kept in the Coinbase database after your account is deleted.
Before deleting your Coinbase account, it’s essential to ensure that there are no pending transactions or balances left on the platform. Make sure to transfer any remaining funds to an external wallet – you can use cryptocurrency hardware wallets like Ledger or a software wallet like MetaMask. Since Coinbase is one of the SEPA-supporting exchanges, you can also convert your crypto to fiat and transfer it to a bank account linked to your Coinbase account. 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. Even though competitor exchanges like Binance allow you to temporarily deactivate their accounts, this option is not available on the Coinbase platform.
One popular reason why most people why delete their Coinbase accounts is simply because they don’t use the platform any longer. To transfer crypto to your bank account, you will first need to convert the crypto to USD on Coinbase. After that, you should be able to transfer the USD to a bank account linked to your Coinbase account. It’s worth noting that deleting the Coinbase app does not delete your Coinbase account, but simply removes the app from your mobile device.