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

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.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Sarah Wurfel

Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

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