How to cancel your Coinbase account? How to withdraw money from Coinbase? How to close a Coinbase account? How to close a Coinbase wallet? Coinbase is the most popular cryptocurrency trading platform since 2018. On Coinbase, you can buy, store and sell digital coins easily and safely. The rising price of Bitcoin has prompted many internet users to invest online. But extreme price volatility and intense speculation are driving many investors to sell by withdrawing their funds and closing their Coinbase account. Find out the solution to close your Coinbase account.
Why close a Coinbase account?
Coinbase is a digital wallet that allows you to buy, sell and store the following cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). It is the most popular digital currency exchange platform in the world. Its main advantage is the simplicity of using the platform. In fact, you can create an account and validate it in just a few days. Also, buying and selling are very easy to do and safe. You can easily manage different digital wallets.
However, buying and selling cryptocurrencies is a dangerous activity because it is close to trading. The prices of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) are very volatile and can reach highs and lows within minutes. A single political statement or decision can greatly disrupt this volatile market.
Therefore, you should only invest as much money as you are willing to lose to avoid any financial problems.
The success of Coinbase also brings many technical mistakes. The website and mobile application of Coinbase were unavailable for long periods during traffic peaks. Therefore, it was impossible to access your account or withdraw your money for a few hours.
Unlike a platform like Binance, Coinbase is easy to use and allows you to buy crypto coins with euros and sell them back to transfer money to your bank account. However, Coinbase charges significant fees for each transaction. This is a percentage that depends on the number of cryptocurrencies bought or sold. In addition to these transaction fees, you should know that you buy cryptocurrencies at a high price and sell them at a low price. This greatly limits the realized capital gains.
How do I delete a Coinbase account?
The Coinbase platform allows you to withdraw your funds and delete your account at any time. Therefore, you can leave this platform to buy and sell digital currencies whenever you feel the time is right. We will describe the process of leaving Coinbase and deleting all your private information. Of course, your money will be transferred to your bank account.
Here are the steps you need to follow to delete a Coinbase account:
- Log in to the Coinbase account to be closed using your login details (email, password, and verification code).
- Once logged in, click on “Settings” and then on “Security”.
- At the bottom of the page, there is a link “Close Account”. Click on it to access the account closure form.
- A security warning will appear informing you that this action is irreversible. Enter your password to continue
- Follow the final steps to remove your funds from Coinbase and close the account permanently.
Be careful, as the deletion of your Coinbase account is permanent and irreversible. Your data and transaction history will be deleted. Account closure can only be done from the site. There is no link in the Coinbase mobile app to delete your account.
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Direct link to unsubscribe from Coinbase.
If you want to go directly to the Coinbase unsubscribe form, we provide a direct link. If you are already logged in to the account you wish to cancel on the Coinbase website, click on this direct link to start the Coinbase unsubscription process: