For many people, Coinbase is an entry point into the cryptocurrency space, and they may be willing to branch out to other platforms after beginning with Coinbase. For those looking to clean up their statements, figuring out how to delete a Coinbase account may be difficult.
Here, we will explain how to permanently delete your Coinbase account.
What Justifies Deleting Your Coinbase Account?
Coinbase offers the only product for cryptocurrency. The business keeps user data for at least five years to stop fraud and money laundering.
You should remove your account if you no longer wish to store or trade digital currency to release yourself from liability in the event of a data breach. Here are some more justifications for closing your Coinbase account:
For Security: Coinbase, like any financial institution, requests private information for security reasons. Your personal information can also be affected if that data is hacked.
Secure your data from unauthorized access: Coinbase can legally share user information with dependable third parties for marketing purposes. You can hold a firm accountable and file a lawsuit after a data breach.
To prevent identity: Other users on the site can only see a certain amount of your profile and personal information to prevent identity theft and fraud. It might be used to commit identity theft.
To prevent spam mail: Coinbase can share its email lists and utilize them for marketing to stop spam. You will receive spam messages if your account is still active.
How to Delete Coinbase Account?
To safeguard users’ information, Coinbase is a secure platform that requests identification verification before allowing access. You must have a balance of zero ($0.00) to close your Coinbase account. You can spend any funds you have in your Coinbase account by:
- Money withdrawal
- Putting them in an external wallet
- Switching to another user
- Giving the money to the nonprofit GiveCrypto, which provides cryptocurrencies to people in need
Keep in mind that closing your Coinbase Pro account when you delete your Coinbase account will also close your Coinbase account.
Through the Coinbase website, you can delete your account. However, you just need to follow the following procedure to close your Coinbase account.
- Use your web browser to access the Coinbase website.
- Your email address and password are required to access your account.
- Click the “Profile” icon from the right top corner, then click the Settings option.
- Now, on the user Settings page choose the Activity tab.
- Scroll down until finding the “Close Account” button option. You will find it at the bottom of the page.
- You’ll be promptly informed that the decision is final. Now, Enter your Coinbase account password, and click “Close Account“.
A confirmation email will be sent to you if the deletion of your account is successful.
Can You Delete your Coinbase Account using the Mobile app?
Users may only delete their Coinbase accounts using a web browser. However, the Coinbase app does not let users terminate their accounts, even if they may access the bitcoin exchange through the web on their mobile device.
The Coinbase app can be deleted from your mobile device, but doing so will not affect your Coinbase account. You can log in using your previous credentials if you reinstall the application.
As mentioned above, there is a simple procedure to delete a Coinbase account.
Will Coinbase Save User Data After an Account Is Deleted?
The cryptocurrency exchange claims to keep some of your personal information on file for at least five years or as long as it takes to fulfill its legal requirements. The exchange lists fraud prevention and prospective dispute resolution as justifications for keeping user data.
How to Delete a Deceased Loved One’s Account on Coinbase?
The Coinbase team is aware that there are circumstances in which it is important to gain access to a deceased person’s account. Because of this, they’ve simplified the procedure by following these few steps:
Assemble Evidence
Before you can access the Coinbase account of a loved one who has passed away, you must submit proof of their death. The following is included in this:
- Document proving death.
- Court documents, including the last will.
- A current, legitimate government-issued photo ID bearing the person’s name as it appears on the Letters Issued.
- A letter with the signature of the person listed in the probate records describing how Coinbase should handle the assets should be sent the last will is silent regarding what should be done with the deceased’s Coinbase cash.
Get in Touch With Coinbase
Coinbase advises users attempting to access a deceased person’s account to get in touch with them directly via their website and let them know about the issue. They will help you access the account as long as you have the necessary documentation.
Once you have access, closing it follows the same procedure as closing your own Coinbase account.
FAQs
How Do I Deactivate My Coinbase Account For Good?
- Go to the Coinbase website and log in as a first step.
- Locate the Account Activity Tab in step two.
- Select “Close Account” from the menu.
- Type in your password and follow the checklist’s instructions.
- Delete your Coinbase account completely.
Can I Remove My Coinbase Wallet?
By signing into Coinbase Wallet and tapping the Settings icon, you can manage, restrict, or delete your information. Your Coinbase Wallet account can be deleted whenever you choose. Please keep in mind that when you delete your account, it has no impact on the data that other users may have on you.
Can I Close My Current Coinbase Account and Create a New One?
Yes, you are always free to close your Coinbase account and create a new one. Depending on how long it’s been since you closed the first account, you might have to use a new email address to create a new Coinbase account.
Can I Open More Than One Coinbase Account?
With Coinbase Pro, one person is only permitted to have one account. To avoid breaking this rule, please use the same login email address if you currently have a Coinbase account and want to create a Coinbase Pro account.
Will Coinbase Issue a Refund If the Coinbase hacked?
If you discover that money was stolen from your account and hacked, Coinbase will reimburse you. To protect its users, Coinbase covers a percentage of its digital assets with criminal insurance. One advantage of selecting Coinbase as your preferred cryptocurrency exchange is this.
Final Thoughts
You might decide to close your Coinbase account, though, for several reasons. First, everything needed to delete a Coinbase account has been demonstrated in this post.
You should seriously consider it before deleting Coinbase completely. You must remove all of your funds before closing your account, so keep that in mind. This article may be useful to you if you decide to delete your Coinbase account.
