How To Delete All Your Data From Coinbase

How can I delete my data from Coinbase? Find out how to easily send them a deletion request, for free.

Delete your personal data from Coinbase

Rightly, Champions of Data, empowers you to easily and securely manage your personal online data.

Coinbase, a company in the cryptocurrency space, was a victim of hackers obtaining user names, passwords and other personal data from a third-party data breach. Around 6,000 Coinbase accounts had money stolen. The hackers exploited a flaw in the account recovery process to hijack two-factor authentication text messages, enabling hackers to get in. The users affected are likely to become targets for further phishing attacks exploiting their personal data. According to Privacy Affairs 2021 Dark Web price index report, compromised crypto accounts go for about $610[1] on underground forums.

On this page we’ll explain why it’s a good idea to get your data deleted from Coinbase and how to go about it. Or if you just want to get started, click the Start Now button which will take you directly to our Rightly Protect service, enabling you to find out who has your data and get it deleted, quickly and for free.

Can I delete my data from Coinbase?

Yes you can! You have the right to ask any company to delete all the data they hold on you and they have to comply within 30 days. This right flows from GDPR (General Data Protection Regulation) legislation and if companies don’t comply without a valid reason, they can be in trouble.

How do I delete data from Coinbase?

The easiest way to get your data deleted from companies like Coinbase is to use our Rightly Protect service. In addition to picking Coinbase and asking them to erase your data, you can use Rightly Protect to analyse your email inbox to figure out all the companies that have your data. With Rightly Protect you can ask all of them to delete the data they hold on you in one click. Because many companies have your data, even companies you’ve never heard of, and it often runs into hundreds or even thousands of organisations putting your data at risk.

How long until Coinbase responds?

Coinbase should reply within one calendar month. If they have genuine reasons that they need extra time to consider your request, they can take up to an extra two months - but they should let you know within one month that they need more time and the reasons why. If you’re unhappy with how they respond, you can make a complaint to Coinbase and then if you’re still unhappy, you can complain to the ICO (Information Commissioner’s office).

Does Coinbase actually delete your data?

Yes, it’s a legal requirement. After one calendar month has passed since your account deletion request, your account and all of your information will be permanently erased by Coinbase, and you will not be able to retrieve it.

What type of data does Coinbase store on me?

Coinbase can collect a wide range of data from registered users:

● Full names of account holders

● Passwords

● Date of birth

● Email addresses

● User IP addresses

● Account holdings

● Balances

● Account activity

● Transaction history

● Metadata on how people use the Coinbase mobile app and website

● Data on which devices are linked to which accounts

● Geolocational data

● Bank details

● Credit and debit card details

What does Coinbase do with my data?

Coinbase’s main motive for building a data set around each user is to personalise the ads that show up on your feed. Ad targeting changes are made based on a lot of different data: your personal account info, your usage patterns, your location, and more.

But it’s not just your data that shapes your ad feed: Coinbase compiles the same kinds of data from a variety of users and uses it to optimise when and where it shows you certain ads on other platforms. The additional data that Coinbase collects helps the company to perform strategic market research, communicate directly with users, and counter suspected misuse.

Why delete my data from Coinbase?

Coinbase has suffered a series of breach attempts and there can be little doubt that hackers will continue attempts to compromise your personal data.

If you’re not using Coinbase any more, or think a fresh profile would be a good thing, you can instruct Coinbase to delete all the data they have about you and so prevent it from being stolen as a result of a data breach.