Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. To do so, you need to transfer your funds and cryptocurrencies to another wallet or user. 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 by tapping on the red Close account button. Once you have the wallet address, you should be able to transfer crypto from your Coinbase account to the wallet address.
To delete a Coinbase account, users must first visit their profile pages on fca bans the sale of crypto the cryptocurrency exchange from a web browser. On the menu that will appear, users will have the option to close their accounts. Coinbase is a popular cryptocurrency exchange platform that allows users to buy, sell, and store various cryptocurrencies.
Reinstalling the app will allow you to login with your old credentials. It’s also important to point out that deleting a Coinbase.com account will automatically delete a Coinbase Pro account as well. While the exchange is merging both platforms into a single one, understanding what will happen is important. 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. In the following steps, we are going to show you how to close your Coinbase account permanently. Also, make sure that your account balance is zero and that you don’t have any outstanding issues and orders.
After you’ve clicked on the “Activity” tab, you’ll land on the activity page. You won’t be able to use the Coinbase mobile app as it does not have a feature to delete your account there. With this, you have successfully deleted your Coinbase account on the Coinbase mobile app. Below are some guides on how to transfer crypto from Coinbase to some crypto wallets and exchanges. It’s worth noting that deleting the Coinbase app does not delete your Coinbase account, but simply removes the app from your mobile device.
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But before you delete your Coinbase account, you need to know that both Coinbase and Coinbase Pro share most of your account’s settings. You will be redirected to the Coinbase Account Activity page on the default browser on your mobile device. Coinbase will attempt to ask if you’re sure about closing your Coinbase account on a dialog since the action cannot be undone. Before closing your Coinbase account, you need to empty your Coinbase balance. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
The other method will be to transfer your crypto to another crypto exchange or crypto wallet. 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. Additionally, ensure that you have resolved any support issues and confirm the deletion process as instructed by Coinbase.
Step 1: Log in to your Coinbase account
To delete your Coinbase account, you need to navigate to the “Activity” page.
- To do this, head to the profile page, click on ‘Close Account,’ and then tap ‘Donate Balance’ among the list of options shown.
- When users with balances on their accounts try to delete their Coinbase accounts the exchange blocks them from doing so.
- Coinbase is a top centralized exchange in the cryptocurrency industry.
- 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.
- After you’ve clicked on “Close Account”, your Coinbase account will be permanently deleted.
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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. The third option can be done by contacting Coinbase directly and asking the exchange to close the user’s account. The request must explicitly state the user is forfeiting the funds left in their Coinbase account. They provide options such as Bitcoin and Ethereum as third-party options for withdrawing funds. 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.
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 can i transfer my cryptocurrency interest to another wallet 2020 account). That experience helped them secure their accounts and safely connect and trade through your bank account.
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. If you’re thinking of getting how to calculate market cap crypto started with cryptocurrency, one of the first and most obvious places to start is by setting up a Coinbase account.