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. On the home screen of the Coinbase app, tap on the Menu icon on the top left corner of the screen. Remember that Coinbase retains some of your personal information to comply with regulations even after your account must have been successfully deleted. Finally, enter your Coinbase account password in the “Enter password” text field then click [Close Account] to delete your Coinbase account. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more.
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 canada approves breakthrough bitcoin exchange fund 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.
Click on the dropdown arrow & click on “Activity”
Coinbase provides options to leverage your account statements, which can be helpful for record-keeping. Regardless of your motive upon closing your Coinbase account, we recommend only doing what better suits your crypto investment strategy and taking further steps in securing your digital assets. 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. There are several reasons why you might want to delete or close your 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.
- Alternatively, you can forfeit their balance to the Coinbase exchange by accessing the ‘Contact Us’ page on their account.
- 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.
- If you don’t want to keep your crypto on an exchange due to security concerns, then using a cryptocurrency hardware wallet is arguably the best alternative.
- Check our comparison of Ledger Nano X vs. S Plus to see which cold storage solution might be best for you.
If you detected suspicious activity in your account, it’s best to disable it first. If there are still funds in your account, you won’t be able to close it. Click on “Close Account” to proceed to the next step to delete your Coinbase account. If you’re using Coinbase on a mobile device, this page might not be responsive. Then, click on “Close Account” again to confirm the deletion of your account.
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It can be used to purchase cryptocurrency using your debit or credit card directly. It also provides users with an integrated digital wallet that can be used to store their coins securely almost anywhere. Once all of your funds are withdrawn, you will be able to delete your account.
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 4 bitcoin wallets we love in 2019 “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.
Begin by logging in to your Coinbase or Coinbase Pro account with your email address and password. Hence, you should always consider disabling your account instead of deleting it. On the other hand, deleting your Coinbase account is a permanent and irreversible process. They have a support number that you can call if you detect suspicious activity in your account.
Can I close my Coinbase account and re-open at a later time?
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.
There are many issues surrounding a centralized exchange – so in some cases, it might be better to manage your funds yourself. Started in 2012, Coinbase was one of the most popular cryptocurrency exchange platforms in the crypto industry. There are several reasons why you might want to delete your Coinbase account. One popular reason why most people why delete their Coinbase accounts is simply because they don’t use the platform any longer. With this, you have successfully deleted your Coinbase account on the Coinbase mobile app.
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, how to buy storm token 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 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.
Once the profile pops open, scroll down to the base of the page to close your account. Then, tap on the red icon depicted as ‘Close Account’ on the right hand of the screen. For account closures, all funds should be removed, including pending orders on the exchange.
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. Coinbase usually has a checklist where you can verify if you have remaining funds or if you need to withdraw something to have a zero balance left. Another security step is downloading and saving transaction records, receipts, and other relevant account information for future reference or tax purposes.