How to Cancel Coinbase Subscription - Subscribed.FYI
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Coinbase

Coinbase simplifies cryptocurrency management for all users with its user-friendly platform, diverse coin offerings, robust security, and options like Coinbase Pro. It caters to beginners and experienced traders alike.

How to Cancel Coinbase Subscription

Contemplating discontinuing your cryptocurrency holdings on Coinbase? This guide empowers you to effectively close your Coinbase account, outlining the preparatory steps, closure methods, and additional considerations.

Important Prerequisites:

Before initiating account closure, ensure your account adheres to the following criteria:

  • Zero Account Balance: Coinbase mandates a zero balance for account closure. In case of minimal residual funds, termed “dust,” inadequate to cover selling fees, you have two options. You can either transfer the remaining crypto to another Coinbase user’s email address or contact Coinbase support to forfeit the dust balance, enabling them to zero out your account.
  • No Pending Transactions: All ongoing cryptocurrency transactions within your account must be settled prior to closure.
  • Web3 Wallet Transfer: If you utilize a web3 wallet connected to your Coinbase account, transfer all digital assets to an external wallet to avoid permanent loss of access upon closure. Coinbase cannot recover forfeited assets.

Account Closure Methods:

Coinbase offers two primary methods for account closure, catering to your preferred platform:

Mobile App:

  1. Access Profile Settings: Launch the Coinbase mobile app and navigate to your profile settings. This can typically be found by tapping the menu icon and selecting “Profile & Settings.”
  2. Locate Close Account: Scroll down within the “Account” section and locate the option labeled “Close Account.”
  3. Review and Confirm: Carefully review the presented information and follow the remaining on-screen prompts to finalize closure.

Web Browser:

  1. Access Account Profile: Log in to your Coinbase account on a web browser and navigate to your profile page.
  2. Locate Close Account: At the bottom of your profile page, find the option labeled “Close Account.”
  3. Confirmation and Password: Review the information displayed, enter your Coinbase account password, and select “Close Account” to confirm your decision.

Coinbase One Subscription Cancellation:

If you have a Coinbase One subscription, you can cancel it separately using these steps:

  1. Sign in to your Coinbase account.
  2. Select “Settings” from the menu.
  3. Choose the “Coinbase One” tab.
  4. Select “Manage Subscription” followed by “Cancel Subscription.”
  5. Confirm your subscription cancellation to complete the process.

Recurring Buys Cancellation:

To cancel any recurring buy orders you may have set up:

Mobile App:

  1. Open the Coinbase app and navigate to “My Assets.”
  2. Select the asset with the recurring buy.
  3. Choose “Primary Balance” to access the asset’s details.
  4. Under “Recurring Buys,” locate the specific transaction you wish to cancel and select it.
  5. Confirm cancellation by selecting “Cancel Recurring Purchase” followed by “Confirm.”

Web Browser:

  1. Sign in to your Coinbase account.
  2. Click on your profile picture and ensure you’re on the standard Coinbase platform (not Coinbase Pro).
  3. Select “My Assets” from the navigation menu.
  4. Locate the “Recurring Buys” section on the right side of the screen and identify the buy order you want to cancel.
  5. Select “Cancel Recurring Purchase” followed by “OK” to confirm cancellation.

By following these steps and considering the outlined points, you can confidently and efficiently terminate your Coinbase account and any associated subscriptions or recurring buy orders.