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How to Delete Coinbase Account?

How to Delete Coinbase Account?

In this article, I will explain how to delete Coinbase account. Coinbase is a simple, safe and a secure platform where traders are allowed to buy, sell, and store Bitcoins and other Crypto currencies.

As it offers easy way to buy Bitcoins, it will be a significant place for users to get started with their Crypto currency ride. Every part of Coinbase’s product is considered to encourage you to buy, and sell as many assets as possible.

How to Delete Coinbase Account?

If you are worried about your confidentiality or your personal information, or data is being shared; it would be better to delete or close your account permanently.

So here are some steps on How to Delete Coinbase Account:

  1. Open your coin base account.
  2. Go to Profile on top right hand of the screen.
  3. Click on Settings.
  4. Click on Activity.
  5. Scroll down to the bottom you’ll see an option to close your account.

Then you’ll get a warning message saying ‘you’ll be able to withdraw all your funds and then your Coinbase account will be permanently closed.

  • Then enter your Password to continue.
  • Click on Close My Account.

So these are the steps on how to delete Coinbase account completely.

Once you reassure that you have zero balance in your account; you can then close your account completely. After closing your account you will receive an email notification saying that your account has been closed.

If you have funds in your Coinbase account, make sure that you withdraw all your funds or send across to some other external wallet before deleting the account.

If you haven’t withdrawn your funds already; your screen will come up with open balances that you have. Once you completed withdrawal you’ll get a Completed icon

Coinbase will actually hold on to some of your personal information for minimum of five years for fraud prevention or resolving disputes or any scam.

What are the Coinbase alternatives?

There are lot of centralized and decentralized Coinbase alternatives.

Centralized alternatives are Binance, Blockchain, and Crypto.com.

Decentralized alternatives are UniSwap, 1inch, and KuberSwap.

These sites will enable you to trade for a wide range of Crypto currency assets. Nevertheless, Coinbase is completely safe and provide you transparent exchange services with a hosted wallet component.

Does Coinbase retain my email address?

Yes. Coinbase will actually hold on to some of your personal information for minimum of five years for fraud prevention or resolving disputes or any scam.

Can I trust coinbase?

Yes. While money is not totally safe in online transactions it is said that Coinbase is completely legitimate and trustworthy. They keep their asset in an offline storage which can’t be accessed by anyone.

Can Coinbase freeze my account?

Coinbase may freeze or block your account when they are required to abide by the order from a court or other authorities that have jurisdiction over Coinbase.

Does Coinbase report to IRS?

Yes. Coinbase does report all your crypto activity to the internal revenue service because no doing so will be considered as tax fraud in the eye of IRS. Therefore, it is important to notify all of your crypto currency income on our taxes.

Can a Bitcoin transaction be traced?

Yes. Bitcoin addresses cannot be fully anonymous since users have to reveal their identity to receive services or goods. Therefore, anyone can see the balance and all the transactions of any address.

 

Written by Veditha

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