How To Close Your Coinbase Account? Deleting Coinbase Through App or Website

March 27, 2022

An account may be closed down by Coinbase if they detect fraudulent activities by the user; when this happens, you have little or no control over it, and the account will no longer function.

However, at other times, an account may just be suspended from trading, and the assets on it will still be accessible. Sometimes though, some users personally decide to close down their accounts. What is the reason for this? And if you intend to close down your account, how will you do it? These questions will be treated in detail in this article.

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WHY DO PEOPLE DELETE THEIR COINBASE ACCOUNTS?

The reasons why people delete their accounts are numerous. Some people are no longer interested in storing cryptocurrencies and give up on them altogether. On the other hand, some may just no longer be interested in the services Coinbase offers and may choose to explore other alternatives to Coinbase.

CAN A COINBASE ACCOUNT BE CLOSED?

A Coinbase account can be closed by either an individual user or by Coinbase, and it can be either before verification or after it.

HOW TO CLOSE A COINBASE ACCOUNT?

GO TO COINBASE WEBSITE AND LOGIN

Visit the Coinbase website Coinbase.com on your device and check into your account. On your profile page, press “close account” near the bottom.

Make sure to transfer all your funds to an external wallet outside Coinbase and leave your account empty before closing your account because once you close it, it’s irreversible.

SELL ALL YOUR ALTCOIN FOR BITCOIN

Altcoin refers to all other coins apart from Bitcoin like Ethereum, Litecoin, Dogecoin, e.t.c. To convert these coins to Bitcoin, use cryptocurrency exchanges like Bittrex or Binance.

SET UP YOUR BITCOIN ADDRESS ON SOME OTHER EXCHANGE OR WALLET

Create a Bitcoin address on a different wallet or exchange like Binance. To set up an account on Binance, follow these few steps

Login to your Binance account
Tap on the wallet on the top navigation bar
Click on fiat and spot and search for Bitcoin
Tap deposit next to Bitcoin, generate a receiving address and copy it

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WITHDRAW THE COINBASE BALANCE TO THAT ADDRESS

To withdraw your Bitcoin to that address

Login to Coinbase
On the homepage, select withdraw on the left-hand column
Next, choose Bitcoin as a currency to be sent
In the ‘To’ field space, paste your copied receiving address of the exchange or wallet of your choice
Now enter the amount; in this section, enter every Bitcoin you have in your wallet.
Withdraw

FIND ACCOUNT ACTIVITY TAB

To find the activity tab on Coinbase, follow these few steps:

Go to Coinbase homepage
Click the menu icon at the top of the home screen but if you are using a desktop, tap on your profile picture instead.
On your screen, a menu with different options will popup find settings
After clicking on settings, you automatically will be taken to the profile tab.
Beside the profile tab, there is a drop-down arrow. Click on it
A screen with another menu will come up
Find an activity and proceed to the activity page.

CLICK THE CLOSE ACCOUNT OPTION

Under the activity page, you will see all your transactions and active sessions performed by you activities like confirmed devices, web sessions, mobile apps, all training, in general, will be listed there. To avoid stress and be more efficient, it is advisable to use a desktop in this section as a mobile might misbehave. However, you can still zoom in on the details you want.

After that, you will see the close account option at the bottom of the page – select it.

ENTER PASSWORD AND COMPLY WITH CHECKLIST

On clicking the close account option, you will receive a confirmation message about deleting your account. After confirming it, enter your password.

The next page will display all your existing balances. If you still have any existing balance on the wallet, you will be provided with an opportunity to transfer all of it to another wallet of your choice. Now click on “Close account” to delete your account permanently. An email will be forwarded to you from Coinbase that your account is deleted.

ALTERNATIVES TO COINBASE

There are numerous alternatives to Coinbase. They include Binance, the largest exchange in the world presently, Kraken, eToro, Bitfinex, Bitpanda, Zengo, Coinmama, Gemini, e.t.c.

WHAT HAPPENS IF I DISABLE MY COINBASE ACCOUNT

Disabling your account is another option if you feel there is a threat to your account, and once you disable it, you won’t be able to trade on your Coinbase with your account. However, you still have control over your assets as a security check will be done to confirm if there was a threat, and access to your account will be returned in a couple of days.

But during these times, you have control over your funds and assets in the form of USD, GBP, CAD, or other fiat currency that can be withdrawn to a verified bank account till the security check is over.

DOES COINBASE RETAIN MY EMAIL ADDRESS AFTER I CLOSE MY ACCOUNT?

For settling disputes and combating fraud, some personal information will be retained by Coinbase for as long as five years minimum or longer than that if it’s still necessary to hold on to it. However, an email address was not explicitly mentioned as part of the personal information retained. Still, it may be included by Coinbase as part of personal information.

FINAL THOUGHTS

Through the course of this article, we have seen that a Coinbase account can be permanently deleted, reasons why people delete their accounts, and steps to take if you want to delete your account. We have also seen the difference between closing down a report and disabling it.

FAQs

HOW TO CLOSE COINBASE ACCOUNT ON IPHONE❓

To close your Coinbase account on iPhone, follow these steps:

👉Login to Coinbase on your phone
👉Convert all your coins to Bitcoins
👉Next, set up a Bitcoin address on an external wallet or exchange
👉Copy the address
👉Next, head back to Coinbase
👉Transfer all your assets to the copied address
👉On the homepage, tap the on profile
👉Next, click on settings and tap activity
👉Scroll down to the bottom of the activity tab and click on the “close account” option
👉On clicking the close account option, you will receive a warning message from Coinbase to let you know you are about to delete your account
👉Next, enter your password
👉Click close account
👉An overview of all your assets on Coinbase and all existing balances will display on the screen. Once it’s confirmed zero, click on close account at the bottom of the screen.
👉You will be logged out from your account
👉A confirmation message from Coinbase will be sent to your mail that your account has been closed down.

HOW TO DELETE COINBASE ACCOUNT ON ANDROID❓

To delete your Coinbase account on Android, follow these steps:

👉Log in to Coinbase on your phone
👉First, convert all your altcoins to bitcoins by exchanging like Binance, Kraken, e.t.c.
👉Next, set up a Bitcoin address on a different exchange or wallet like Binance
👉Copy the address and head back to coin base
👉On the Coinbase homepage, tap the left-hand column and select withdraw.
👉Next select Bitcoin as a currency
👉Paste the copied address into the To field
👉Enter amount
👉Withdraw
👉Move back to the homepage, then select profile on the top part of the screen
👉Click on settings
👉Next select activity
👉On the activity screen, scroll down to the bottom and choose a close account.
👉You will receive a confirmation message from Coinbase to confirm you want to delete your account.
👉Next, enter your password as additional security.
👉Click on close account
👉An overview of your assets will be displayed on the screen with your existing balance.
👉If all checks to zero, you will then be able to tap the “close account” option on the bottom of the screen
👉After tapping the option, you will be logged out of your account
👉Next, you will receive a message on your email from Coinbase that your account has been deleted

HOW TO DELETE COINBASE ACCOUNT BEFORE VERIFICATION❓

To delete your account before verification does this:

👉Login to Coinbase via web
👉Convert all altcoins to bitcoins if you have any
👉Set up a Bitcoin address on an external wallet or exchange.
👉Copy the address
👉Transfer all assets in your Coinbase account to the copied address.
👉Then go to Coinbase homepage and tap profile
👉Next, click on settings
👉Tap activity
👉Scroll down to the bottom of the page and click “Close account.”
👉You will receive a message from Coinbase to confirm if you are the one that requested to delete your account
👉After this, enter your password for added security
👉Click continue
👉An overview of the balance of your existing assets will be displayed
👉If it’s all zero, click on the “close my account” option on the bottom
👉Next, you will log out of your account
👉You will be sent a mail that your account is deleted permanently

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