There is no way to retrieve a deleted account from the Coinbase server. It’s not possible to reactivate a deleted Coinbase account and you will need to open a new account as a new user using a different email and mobile number. 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. For account closures, all funds should be removed, including pending orders on the exchange.
How To Transfer From Coinbase To Binance
Coinbase’s customer support has been criticized for slow response times and limited assistance with certain issues, such as funds some unknown facts about bitcoin that every beginner must know! sent over the wrong network. Recent security breaches, such as the “0ktapus” incident, have highlighted the potential vulnerabilities of centralized exchanges like Coinbase. Hackers managed to steal login credentials of Coinbase employees, gaining access to the company’s systems remotely.
Will deleting my Coinbase account delete my cryptocurrency holdings?
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. Hence, if you delete your Coinbase account, your Coinbase Pro account will also be deleted. But before you delete your Coinbase account, you need to know that both Coinbase and Coinbase Pro share most of your account’s settings. Coinbase retains this information for a minimum of five years after account closure. In some cases, they may need to retain it for longer if required by law or to resolve disputes.
- As you can see, deleting your Coinbase account is very easy, and if you make sure to follow the process properly, you will obtain the result you desire.
- While Coinbase.com and Coinbase Pro are separate accounts, the Pro one shares a lot of your profile information and settings.
- You will then be logged out of your Coinbase account and receive an email notification that the Coinbase account has been closed.
- So even if you have an issue, you don’t have to wait days to get an answer.
The bottom line: Make sure to withdraw your funds before closing the account
However, as said earlier, before closing a Coinbase account, you need to clear the account balance, else you’ll lose all the funds in your Coinbase account. If you use the Coinbase mobile app on Android or iPhone, here is how to delete your account in a few steps. 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. 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.
Withdraw Your Funds
Yes, you can delete your Coinbase account at any time – before verification or after verification. 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.
However, remember that your transaction history and certain account details from your deleted account will not carry over to the new one. You must provide your personal details and photographic identification to open an account. There have also been reports of Coinbase sharing data of users’ personal data being shared, upsetting the community and turning users away from the exchange. Before you delete your Coinbase account, it’s smart to download your transaction history first. This record could prove invaluable for future tax calculations or financial audits.
How to Delete Coinbase Account
There have been many other businesses emerging over the years, especially as they all know that the interest in Bitcoin and other cryptocurrencies has boosted too. So, other businesses 5 best turnkey solution providers 2023 brought different ways to buy Bitcoin to the table, and you can pick one that is convenient for you and meets your requirements. Setting up this address can either be done by getting help from a collaborative custody provider for a certain cost or by doing it yourself from beginning to end.
We strive to be the voice you can trust, offering guidance that feels like it comes from a knowledgeable friend who truly understands your needs and aspirations. Hence, you should always consider disabling your account instead of deleting it. Disabling your account is temporary, and you’ll be able to reactivate it back later. The popup message is a confirmation that you want to close your Coinbase account. If you’re using Coinbase on a mobile device, this page might not be responsive.
Many new users confuse the exchange with a wallet; although the Coinbase exchange has an inbuilt wallet, it’s not a wallet. Coinbase does not provide customers with access to their private keys. Therefore, you are not in control over your assets, and Keeping your assets on the exchange is not recommended. Here, we provide a step-by-step guide on how to close and delete your Coinbase account using the mobile app. Before you start deleting (or closing your Coinbase account), you must ensure you have withdrawn or transferred any FIAT or crypto assets currently in your Coinbase wallet.
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. There are many issues surrounding a centralized exchange – so in some cases, it might be better to manage your funds yourself. But in 2023, you have other ways of storing your wealth, especially using a non-custodial wallet, a hardware wallet or a paper wallet for certain cryptocurrencies. what’s the difference between a private and public blockchain blockchain guides Moreover, you have other platforms which might offer cheaper ways to buy bitcoin, compared to Coinbase.
Others just want to give up on storing Bitcoin altogether, which is why they decide to delete their accounts. Crypto.com, Gemini, and Kraken are among the most notable centralised exchanges, renowned for their robust security and diverse cryptocurrency offerings. Our favourites, however, are Binance and OKX, which stand out for their extensive range of tradable assets. Remember that these platforms require some level of KYC (Know Your Customer) compliance and typically charge trading fees starting from 0.1%.
- Coinbase retains certain account information even after closure for legal and regulatory purposes.
- After agreeing to the terms and conditions, your account closure will be initiated.
- Many new users confuse the exchange with a wallet; although the Coinbase exchange has an inbuilt wallet, it’s not a wallet.
- However, there may come a time when you decide to delete your Coinbase account for personal reasons or to explore other platforms.
- While Coinbase is mostly directed towards retail customers and wants to make the buying experience easier for people, Coinbase Pro is made for more advanced traders.
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. Before joining CoinCodex, Emma had been covering stories at the intersection of culture, entertainment, and technology. Upon her friend’s recommendation to invest in Bitcoin in 2015, she became interested in all things crypto. When she is not writing reviews or guides about DeFi and other crypto products and services, Emma prefers to spend her time in the company of her friends and family. Next, click on the profile icon in the upper right corner and proceed to the “Manage your profile” menu.
Apart from these three alternatives, some other platforms are also offering similar trading features and benefits. Enter your Coinbase account password in the correct field then tap on Close Account to close your Coinbase account. With this, you have successfully deleted your account on the Coinbase website. Finally, enter your Coinbase account password in the “Enter password” text field then click Close Account to delete your Coinbase account. You value your privacy, and the fact that Coinbase requires your ID and other information before registering might not be what you wish. That’s not Coinbase’s fault – those are legal obligations that Coinbase and other Financial institutions need to comply in order to be able to serve its customers and prevent fraud.
