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What are the consequences of deleting Coinbase and how does it affect my digital currency holdings?

avatarshahraza zaidiDec 26, 2021 · 3 years ago3 answers

What happens if I delete my Coinbase account? Will it have any impact on my digital currency holdings?

What are the consequences of deleting Coinbase and how does it affect my digital currency holdings?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Deleting your Coinbase account will not affect your digital currency holdings. Your digital currency holdings are stored on the blockchain, not on Coinbase. Deleting your Coinbase account simply means that you will no longer have access to your Coinbase wallet and trading features. However, you can still access and manage your digital currency holdings using other wallets or exchanges.
  • avatarDec 26, 2021 · 3 years ago
    If you delete your Coinbase account, you will lose access to the Coinbase platform and its features. This means you won't be able to buy, sell, or trade digital currencies on Coinbase anymore. However, your digital currency holdings will remain intact on the blockchain. To continue managing your holdings, you can transfer them to another wallet or exchange that supports the specific digital currencies you own.
  • avatarDec 26, 2021 · 3 years ago
    Deleting your Coinbase account won't affect your digital currency holdings, but it's important to consider the implications. Coinbase is a reputable and regulated exchange that provides a secure platform for buying, selling, and storing digital currencies. By deleting your account, you may lose the convenience and security that Coinbase offers. It's recommended to carefully evaluate your options and consider alternative exchanges or wallets before making a decision.