Coinbase is a fantastic tool for beginners to invest in cryptocurrencies. However, high fees and lack of coin options makes the platform less than ideal for users who are already familiar with the market. Furthermore, Coinbase was once one of the few exchanges that allowed for fiat to crypto conversions. That is no longer the case. When the time comes that you’ve outgrown the service you may be asking yourself how to close your Coinbase account. Following the steps listed below will make the process easy and painless.

Some tips to consider before closing your account:

Export your buy/sell orders. This will come in very handy for tax purposes.

Determine if it is really necessary to close your account. Closing an account on Coinbase is permanent. Additionally, the exchange doesn’t charge maintenance fees so there isn’t really any reason to not keep the account open and simply not use it.

Fortunately, the process for closing a Coinbase account is quite easy.

1- Open Coinbase

2- Open the “Settings” tab on the top of the site

3- Navigate to the “Security” tab

4- Scroll to the bottom of the page and click “Close Account” and confirm your decision. Please ensure that you don’t have any funds in the account or these will be lost.

5- Follow the prompts on the screen. The site will perform a few basic checks to ensure you aren’t forgetting anything.

That’s it. You have now deleted your Coinbase account. We told you it was simple.

If you require any more assistance check out Coinbase’s documentation here.