There are a few reasons why you might want to delete your Coinbase account. Maybe you're no longer interested in cryptocurrency and want to close all your accounts related to it. Or maybe you're not happy with the high fees Coinbase is charging and want to switch to another platform.
In any event, this guide will help you delete your Coinbase account, including all of the associated data and transactions.
How to Permanently Delete Coinbase Account
If you're sure you want to delete your Coinbase account, you can follow the steps below. Please note that this action is irreversible and will permanently remove all data associated with your account, including your transaction history, wallet balance, and any linked bank accounts or credit cards.
You can follow the simple video guide below. Or, if you prefer, you can follow the written steps.
- Visit the Coinbase website and log in to your account.
- Click on the "Settings" link in the top navigation bar.
- Under "Account", click on "Close Account".
- Click on the "Close my Coinbase account" button.
- Enter your password and click on the "Confirm" button.
What Happens to Funds When You Delete Account?
When you delete your Coinbase account, your funds are not immediately accessible. Instead, they are held in a "pending" state for 30 days. After that, the funds are permanently inaccessible. This means that you will not be able to retrieve your funds if you delete your Coinbase account, even if you create a new account with the same email address.
If you have any outstanding orders or transfers when you delete your Coinbase account, those will be cancelled and your funds will be returned to your wallet. If you have any connected bank accounts or credit cards, those will be disconnected and you will no longer be able to use them to buy or sell cryptocurrencies on Coinbase.
You can learn more with Coinbase's close account guide.
Is Coinbase Safe?
Coinbase is one of the most popular cryptocurrency exchanges, and for good reason. It's easy to use, has a great reputation, and they take security seriously. They have implemented multiple layers of security, including 2-factor authentication, a ban on withdrawals from new accounts, and a host of other measures.
Coinbase also keeps most of its customers' funds in cold storage, meaning that they are not stored on Coinbase's servers and are therefore much less vulnerable to hacking. Overall, Coinbase is a very safe exchange compared to competitors like FTX or Binance.
Final Thoughts
Deleting your Coinbase account is a permanent step, so make sure you're absolutely certain before doing so. Make sure you have withdrawn any funds or canceled any orders that were outstanding when you decided to delete your account. You will no longer be able to access these funds after deleting your Coinbase account.
Finally, if you need help with anything related to Coinbase, you can always contact their customer support team or visit their help center.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
