How to Stop Recurring Investments on Coinbase

If you have set up recurring investments on Coinbase and wish to stop them, you need to follow a few steps. This guide will walk you through the process in a detailed manner.

Coinbase offers users the option to set up recurring purchases for various cryptocurrencies. This feature is convenient for those who want to invest steadily over time without having to manually execute each transaction. However, circumstances may change, and you might need to cancel these recurring investments. Here’s a comprehensive guide on how to do that:

1. Log In to Your Coinbase Account

• Step 1: Open your web browser and go to the Coinbase website.
• Step 2: Click on the “Sign In” button located in the top right corner of the page.
• Step 3: Enter your email address and password, then click “Sign In.”

2. Navigate to the Portfolio Section

• Step 1: Once logged in, locate the “Portfolio” tab on the main navigation menu. This tab provides an overview of all your cryptocurrency holdings and investments.
• Step 2: Click on “Portfolio” to access your portfolio details.

3. Select the Cryptocurrency for Which You Have Recurring Investments

• Step 1: In your portfolio, find and select the cryptocurrency for which you have set up recurring investments. For example, if you have recurring investments in Bitcoin, click on “Bitcoin.”
• Step 2: This will take you to the detailed view of your Bitcoin holdings.

4. Access Recurring Investments

• Step 1: Within the detailed view of the selected cryptocurrency, look for the option labeled “Recurring Buys” or “Recurring Investments.” This section displays all the active recurring investment plans.
• Step 2: Click on “Recurring Buys” to view the list of all your active recurring investment schedules.

5. Cancel Recurring Investments

• Step 1: In the “Recurring Buys” section, you will see a list of your recurring investment schedules. Find the specific investment plan you wish to cancel.
• Step 2: Click on the plan to open its details.
• Step 3: Look for the option to “Edit” or “Cancel” the recurring investment. Click on “Cancel.”
• Step 4: Confirm the cancellation when prompted. This step ensures that the recurring investment will no longer be executed.

6. Verify Cancellation

• Step 1: After canceling, return to the “Recurring Buys” section to ensure that the investment plan has been successfully removed from the list.
• Step 2: You should see a confirmation message or the plan should no longer appear in the list of active recurring investments.

Additional Tips:

• Review Your Transactions: It’s a good idea to review your recent transactions and upcoming schedules to ensure that no further transactions will be executed.
• Update Your Payment Method: If you have made changes to your payment method or account details, ensure that your Coinbase account reflects these updates to avoid any issues with future transactions.
• Contact Support: If you encounter any issues or need assistance, you can reach out to Coinbase support for help. They provide customer service through their website and can assist with resolving any problems related to recurring investments.

By following these steps, you will effectively stop any recurring investments on Coinbase, giving you full control over your investment strategy. Whether you are adjusting your investment plan or taking a break, managing recurring investments is an essential skill for maintaining your financial goals.