Coinbase Wallet is a digital wallet that allows users to store, send, and receive cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. There may come a time when someone wants to delete their Coinbase Wallet, whether it is because they no longer need it or want to switch to a different wallet. In this article, we will discuss the steps on how to delete Coinbase Wallet effectively.
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Contents
Step by Step Guide to Deleting Coinbase Wallet
Step 1: Transfer or Sell Your Crypto
If you want to delete your Coinbase Wallet, it is important to first transfer or sell all of your crypto assets. This is because once the wallet is deleted, all of the tokens stored within it will be lost forever. To transfer your crypto, simply go to your wallet and find the “Send” or “Withdraw” button. If you want to sell your crypto, you can do so by going to the “Buy/Sell” tab and choosing the “Sell” option. Make sure to choose the appropriate currency and follow the specific instructions for transferring or selling.
Step 2: Close Your Account
After transferring or selling all of your crypto, you can proceed to close your Coinbase account. To do this from a web browser, simply log in to your account and go to the “Settings” tab. From there, click on “Close Account” and follow the steps to confirm your decision. Note that you must have a zero balance in your account before being able to close it.
Step 3: Verify Your Identity
In order to close your Coinbase account, you will first need to verify your identity. This is a security measure designed to prevent unauthorized access to your account. To verify your identity, simply follow the on-screen instructions and provide the necessary documentation. This will typically involve uploading a government-issued ID and verifying your phone number and email address.
Step 4: Confirm Account Closure
After completing the above steps, you will need to confirm the closure of your Coinbase account. This will typically involve entering your account password and clicking the “Close Account” button. Once the closure is confirmed, your Coinbase account and wallet will be permanently deleted. You should receive an email confirmation of the account closure.
Frequently Asked Questions
Is deleting Coinbase Wallet permanent?
Yes, deleting your Coinbase Wallet is permanent. Once you have deleted your wallet, all information related to it, including your recovery phrase and all crypto assets within it, will be permanently deleted and cannot be retrieved.
Can I reactivate my account after deleting it?
No, once you have deleted your Coinbase Wallet account, it cannot be reactivated. You will need to create a new account if you wish to use Coinbase services again.
What happens to my funds when I delete Coinbase Wallet?
Your funds will remain in your Coinbase Wallet until you transfer them to another wallet or sell them. If you have not transferred or sold your funds prior to deleting your account, they will be permanently lost and cannot be retrieved. Therefore, it is important to make sure you have properly transferred or sold your assets before deleting your Coinbase Wallet account.
Can I still access my transaction history after deleting my account?
Yes, you can still access your transaction history even after deleting your Coinbase Wallet account by logging into Coinbase.com with your account credentials. From there, you can view your transaction history under the “History” tab. It is important to note that transaction history cannot be viewed within the Coinbase Wallet mobile application once the account has been deleted.
Conclusion
If you are considering deleting your Coinbase Wallet, there are a few simple steps you can take to ensure that it is done effectively. Uninstalling the app and discarding your recovery phrase is the most effective way to delete your wallet, while closing your account can be done through the web browser. Remember that your account must have a zero balance before it can be closed. As with any financial decision, it is always a good idea to carefully consider your options and seek professional advice if necessary.
References
Here are some trusted links that provide more information on how to delete Coinbase wallet: