If you are looking for a guide on how to delete a Coinbase account then this post is for you. Here, we will discuss the steps that are involved in deleting your Coinbase account. We will also discuss why it may be essential to remove your Coinbase account and what alternatives exist if you still want to use digital currency.
You may have heard that Coinbase is one of the most popular ways to invest in cryptocurrency, but you might be wondering if it’s possible to delete your account. The good news is that you can do so quickly, and we’ll walk through how below.
The process involves deleting all payment methods associated with your Coinbase account, which means you need to cancel any recurring payments set up with a credit card or bank transfer before continuing with the deletion process.
Table Of Content
What is Coinbase?
With over 7 million users, Coinbase is the world’s largest and most popular cryptocurrency exchange. Created in 2012, Coinbase has become a staple for beginner and expert investors alike due to its simple design and ease of use.
Initially, Coinbase only offered trading pairs between Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and fiat currencies such as USD and EUR. After two years, Coinbase added more cryptocurrencies such as Bitcoin Cash (BCH) and Ethereum Classic (ETC). The platform continues to grow and expand to meet the growing cryptocurrency market.
The great thing about Coinbase is that you can purchase a small amount of Bitcoin, Ethereum, or Litecoin without going through the identity verification process. Other exchanges require users to verify identification with documentation such as passports or utility bills before users can make a trade. Fortunately, with Coinbase, all you need is an email address and phone number to get started with trading cryptocurrencies. The signup process with Coinbase is quick, easy, and painless – making it perfect for those who are new to the world of digital assets.
This tutorial explains how to delete a Coinbase account and withdraw your money or crypto assets from Coinbase.
Withdraw from Coinbase
Before deleting your account, you should withdraw your funds. This is simple to do, go to your “Accounts” page and click “Ethereum Wallet” or whatever currency you have on Coinbase. Then click the “Send” button and enter the address where you want your funds to be sent.
Download Your Transaction
It is better to download your transactions before closing your account for Future tax purposes.
How to delete a Coinbase account
- Navigate to settings
- Click on “Accounts”
- Select the account you want to delete and click “Delete Account.”
- You will be prompted for your password, enter it, and then click “Delete Account” again
- If you would like to delete all of your data from Coinbase, check the box that says, “I understand that deleting my account may remove some or all of my information from Coinbase.”
- After reviewing the box, you’ll have an opportunity to provide a reason for why you’re leaving Coinbase for them to improve their services in the future, if possible
- Finally, click on Delete Account one last time and confirm the deletion by clicking Yes on the pop-up window.
This is a short tutorial on how to delete a Coinbase account. As a prerequisite, you should have a good idea of Coinbase and why it may be beneficial for you to use this service. There are quite a few alternatives; however, the most recommended one is Binance.
Learn More about Binance
If you have decided it’s time to move on from Coinbase, other exchange options are available to you. This tutorial explains how to close your Coinbase account, withdraw money or cryptocurrency held in your wallet, and lock down your budget so nothing can be accessed by anyone else if your password is lost.