How to Cancel Coinbase in 2026 (Close Account + Withdraw All Crypto)
Updated 2026-02-20 · 7 min read
💰 The Highest Fees in Crypto
Coinbase's "simple" trading charges up to 1.49% per trade — plus a spread of 0.5-2%. A $1,000 Bitcoin purchase costs you $15-35 in fees. Meanwhile, Coinbase Advanced (same platform!) charges 0.05-0.6%. Kraken charges 0.16-0.26%. And Coinbase One ($29.99/month) eliminates trading fees — but only makes sense if you trade $5,000+/month. You're paying premium fees for a beginner-friendly UI.
Coinbase's Products (Know What You Have)
Coinbase (simple): Easy buy/sell with the highest fees (1.49% + spread)
Coinbase Advanced: Lower fees (0.05-0.6%), same account
Staking: Earn rewards on ETH, SOL, etc. — Coinbase takes 25-35% commission on staking rewards
Coinbase Earn: Watch videos for free crypto — they get your data, you get $3
Step 1: Cancel Coinbase One ($29.99/month)
Go to coinbase.com/settings/subscription
Click Cancel Subscription
Or: Settings → Coinbase One → Manage → Cancel
Access continues until end of billing period
Step 2: Withdraw Everything
Option A: Sell Crypto → Withdraw Cash
Go to each crypto asset → Sell → sell for USD
Go to USD balance → Withdraw
Transfer to your linked bank account
ACH transfer: free but 3-5 business days
Tax note: Every sell triggers a taxable event — keep records
Option B: Transfer Crypto to External Wallet
Get your external wallet address (hardware wallet like Ledger, or another exchange)
For each crypto: Send → enter destination address → confirm
Network fees apply (Bitcoin: $1-5, Ethereum: $1-20 depending on congestion)
Triple-check addresses — crypto sent to wrong address is gone forever
Unstake any staked crypto first (may have unbonding period of 1-21 days)
⚠️ Download Tax Documents First
Go to Settings → Taxes and download all tax documents (1099-MISC for staking/earn, transaction history for capital gains). These won't be accessible after account closure. Also download your full transaction history CSV for your records.
Step 3: Close Your Coinbase Account
Ensure all balances are $0 (crypto + USD)
Disable and remove the Coinbase Card if you have one
Go to Settings → Activity → Close Account
Or go to: coinbase.com/settings/account-activity
Follow the prompts — Coinbase may require identity re-verification
River: Bitcoin-only, low fees, auto-DCA, great education
Gemini: 10 free withdrawals/month, regulated by NY DFS, Gemini Dollar stablecoin
Self-custody: Hardware wallet (Ledger, Trezor) — $70-150 one-time cost, zero ongoing fees, you control your keys
💡 "Not Your Keys, Not Your Crypto"
When your crypto is on Coinbase, Coinbase controls it. They can freeze your account, impose withdrawal limits, or go bankrupt (remember FTX?). A hardware wallet costs $70-150 and gives you full control forever — no monthly fees, no exchange risk, no account closures.
🔍 Track All Your Crypto Exchange Charges
Coinbase, Kraken, Cash App, Robinhood — crypto deposits and withdrawals all show on your bank statement. Upload your statement to JustCancel to see every exchange charge and recurring subscription in one place.