What precautions should I take before deleting my Coinbase account and what happens to my crypto holdings?

3 answers

• Alec SaundersMay 01, 2021 · 4 years ago
  Before deleting your Coinbase account, it's important to take a few precautions to ensure the safety of your crypto holdings. First, make sure you have a backup of your wallet's private keys or recovery phrases. This will allow you to access your cryptocurrencies even if you no longer have access to your Coinbase account. Additionally, transfer your cryptocurrencies to a secure hardware wallet or another trusted exchange before deleting your account. This will provide an extra layer of security for your holdings. After deleting your Coinbase account, your cryptocurrencies will remain in your wallet. However, you will no longer be able to access or manage them through Coinbase. It's important to note that deleting your account does not delete your wallet or your cryptocurrencies. They will still exist on the blockchain and can be accessed using your private keys or recovery phrases.
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• Kerwin Burl StephensMar 11, 2021 · 4 years ago
  Deleting your Coinbase account is a serious decision, and it's crucial to take the necessary precautions to protect your crypto holdings. Firstly, ensure that you have securely backed up your wallet's private keys or recovery phrases. This will enable you to regain access to your cryptocurrencies even if you delete your Coinbase account. Secondly, consider transferring your crypto holdings to a hardware wallet or another reputable exchange before deleting your account. This will provide an additional layer of security and control over your assets. After deleting your Coinbase account, your crypto holdings will remain intact on the blockchain. However, you will no longer be able to manage or access them through Coinbase's platform. Remember to keep your private keys or recovery phrases safe, as they are essential for accessing your cryptocurrencies in the future.
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• SUDHARSON RJun 20, 2024 · a year ago
  Deleting your Coinbase account requires careful consideration and precautionary measures to protect your crypto holdings. Firstly, ensure that you have securely backed up your wallet's private keys or recovery phrases. This will allow you to retain control over your cryptocurrencies even after deleting your account. Secondly, consider transferring your crypto holdings to a hardware wallet or another trusted exchange. This will provide enhanced security and control over your assets. After deleting your Coinbase account, your crypto holdings will remain unaffected and accessible through your wallet's private keys or recovery phrases. It's important to note that deleting your Coinbase account does not delete your cryptocurrencies; they will continue to exist on the blockchain. Take the necessary precautions and make informed decisions to safeguard your crypto holdings during the account deletion process.
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