What happens to my digital assets when I delete my Coinbase wallet?

3 answers

• Dec 17, 2021 · 3 years ago
  When you delete your Coinbase wallet, your digital assets are not immediately lost. Coinbase uses a secure storage system to store your assets, even if you delete your wallet. However, you will no longer have access to your assets through the Coinbase platform. In order to regain access to your assets, you will need to restore your wallet using the recovery phrase or private key associated with your wallet. It's important to keep your recovery phrase or private key in a safe place, as losing it can result in permanent loss of your assets.
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• Dec 17, 2021 · 3 years ago
  Deleting your Coinbase wallet does not mean that your digital assets are gone forever. Coinbase has a backup system in place to ensure the safety of your assets. When you delete your wallet, your assets are transferred to a secure offline storage known as cold storage. This means that even if your wallet is deleted, your assets are still safe and can be recovered. To access your assets again, you will need to restore your wallet using the recovery phrase or private key.
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• Dec 17, 2021 · 3 years ago
  When you delete your Coinbase wallet, your digital assets are not lost. Coinbase securely stores your assets and they can be recovered even if you delete your wallet. However, it's important to note that Coinbase is a centralized exchange and you do not have full control over your assets. If you are looking for more control and security, you may consider using a decentralized wallet like BYDFi. With BYDFi, you have full control over your private keys and your assets are stored securely on the blockchain.
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