How to Recover Lost Assets in Coinbase? [Simple Recovery Guide]

Losing access to your cryptocurrency assets can be a stressful and frustrating experience, especially if you’re using a popular platform like Coinbase. However, there’s hope for recovery. In this article, we’ll walk you through the process of recovering lost assets in Coinbase.

📚Related: How To Receive USDT TRC20 On Coinbase [Step-By-Step Guide]

Why Do Assets Get Lost in Coinbase?

Before we dive into the recovery process, it’s essential to understand why assets get lost in Coinbase in the first place. Some common reasons include:

• Forgotten passwords or 2FA codes
• Accidental deletion of accounts or wallets
• Phishing attacks or hacking incidents
• Technical issues or glitches on the platform

Step-by-Step Guide to Recover Lost Assets in Coinbase

Recovering lost assets in Coinbase requires patience and attention to detail. Follow these steps carefully:

Step 1. Check Eligibility

Before starting the recovery process of how to Recover Lost Assets in Coinbase, confirm that your assets are eligible for recovery. Currently, Coinbase supports the recovery of certain ERC-20 tokens and assets sent via BSC and Polygon. If the asset you sent is not listed as supported, it may not be recoverable.

Step 2. Access the Asset Recovery Tool

To initiate the recovery process:

• Log into your Coinbase account via a web browser (the recovery tool is not available on mobile apps).
• Navigate to the Asset Recovery Tool at coinbase.com/asset-recovery.

Step 3. Provide Transaction Details

Once on the recovery page, you will need to enter specific details about your transaction:

• Transaction ID: This is crucial for tracking your lost funds. You can find this ID on block explorers like BscScan or PolygonScan.
• Coinbase Address: Input the address where you mistakenly sent the funds.

Step 4. Confirm and Pay Fees

After entering the required information, review the details carefully. Coinbase may charge a recovery fee based on the amount being recovered—typically a flat fee for amounts under $100 and a 5% commission for larger amounts.

Step 5. Complete the Recovery

Once you’ve confirmed all details and paid any applicable fees, submit your request. Coinbase will process your request and, if successful, transfer your recovered assets back to your self-custodial wallet.

Tips for Preventing Asset Loss in Coinbase

To minimize the risk of losing access to your cryptocurrency assets in Coinbase, follow these best practices:

• Use strong, unique passwords and enable 2-factor authentication (2FA).
• Keep your account and wallet information up to date.
• Regularly review your transaction history and wallet balances.
• Be cautious of phishing attacks and never share your account credentials or 2FA codes with anyone.

Need Help Recovering Lost Assets in Coinbase?

If you’re struggling to recover your lost assets in Coinbase, don’t hesitate to contact us for instant help. Our team of experts is available 24/7 to assist you with the recovery process and provide guidance on the best course of action.