There comes a time in every cryptocurrency holder’s life when they must face the decision to close their Coinbase account permanently. Perhaps you’ve been using Coinbase for a while and have decided that you’re ready to take your investment portfolio into your own hands. Or maybe you’re just not happy with the high fees and slow customer service. Whatever the reason, here’s how to go about closing your Coinbase account for good.
Why I’m Closing My Coinbase Account
After years of using Coinbase, I’ve decided that it’s time to close my account. There are a few reasons for this decision. First, I’m not a fan of the company’s customer service. Every time I’ve had to contact them, it’s been a frustrating experience. Second, I’m concerned about the security of my account. Despite the company’s claims, I don’t believe that my funds are as safe as they should be.
Finally, I don’t like the way Coinbase does business. For example, I don’t like the fact that they recently started charging fees for withdrawals. For these reasons, I’ve decided to close my account and take my business elsewhere.
how to delete coinbase account
If you’re interested in deleting your Coinbase account, there are a few things you should know first. Unlike some other cryptocurrency exchanges, Coinbase doesn’t have a straightforward process for account deletion. Instead, they require users to contact customer support and request that their account be deleted.
This can be a bit of a hassle, but it’s ultimately worth it if you’re serious about getting rid of your Coinbase account. Additionally, it’s important to note that deleting your Coinbase account will also delete any associated wallet or vault balances. So if you have any cryptocurrencies stored on Coinbase, you’ll need to withdraw them before deleting your account. With that said, here’s a step-by-step guide to deleting your Coinbase account:
- First, log into your Coinbase account and go to the ‘Settings’ page.
- Next, scroll down to the bottom of the page and click ‘Contact Support.’
- On the next page, select ‘I need to delete my account’ from the drop-down menu.
- Enter your password and click ‘Submit.’
- Finally, click ‘Yes, delete my account’ to confirm. Once you do this, your Coinbase account will be permanently
The Alternatives to Coinbase
One alternative to Coinbase is Binance. Binance is a popular choice for those looking for a comprehensive and user-friendly platform. It offers both a spot market and margin trading, as well as a variety of other features such as a built-in wallet, a sleek interface, and low fees.
Another alternative is Kraken. Kraken is a good choice for experienced traders who are looking for an advanced platform with a wide range of features. It offers margin trading, OTC trading, and advanced order types, as well as a customizable interface and staking options.
Finally, there is Gemini. Gemini is a popular choice for those who value security and compliance. It is FDIC insured and SOC 2 compliant, and offers features such as two-factor authentication and multisig wallets. Gemini also has low fees and offers a mobile app.
Final Thoughts on Coinbase
If you’re not happy with Coinbase, there are plenty of other options out there. Each exchange has its own pros and cons, so it’s important to do your research before deciding which one is right for you. Binance, Kraken, and Gemini are all popular alternatives to Coinbase, each with its own unique features and offerings.
In the end, it’s up to you to decide whether or not Coinbase is right for you. If you’re not satisfied with the company, then it’s probably time to move on. There are plenty of other exchanges out there that may be a better fit for your needs.