Starting December 5, Coinbase Wallet will remove support for several cryptocurrencies, including Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar Lumens (XLM), and XRP. While these assets will no longer be actively supported, users' funds will remain securely stored in their existing wallets.
Coinbase Halts Transactions for Selected Cryptocurrencies
On November 29, Coinbase announced plans to delist certain digital assets from its exchange. Effective December 5, the platform will no longer process deposits or withdrawals for:
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- Stellar Lumens (XLM)
- XRP
The decision stems from low transaction volume and declining user engagement with these assets. Despite their removal from active support, Coinbase ensures users retain access to their holdings.
👉 Wondering where to trade these delisted assets? Check out alternative platforms here.
Safeguarding User Funds
Coinbase clarifies that any unsupported assets held at the time of delisting will still be tied to users’ wallet addresses. To retrieve funds:
- Log in using your recovery seed phrase.
- Transfer assets to another non-custodial wallet supporting these coins (e.g., MetaMask, Trust Wallet).
This measure ensures no funds are lost, even as Coinbase streamlines its supported assets.
Supported Cryptocurrencies on Coinbase
Despite these changes, Coinbase Wallet continues backing major digital assets, including:
Ethereum & EVM-Compatible Chains
- Ethereum (ETH)
- Arbitrum
- Avalanche C-Chain
- BNB Chain
- Polygon
Other Key Networks
- Solana (SOL)
- Bitcoin (BTC)
- Litecoin (LTC)
- Dogecoin (DOGE)
Users can manually add EVM-based tokens or utilize automatically integrated networks like Fantom Opera and Optimism.
👉 Explore top-performing cryptocurrencies on trusted exchanges.
Stablecoins & Trading Pairs
Coinbase supports popular stablecoins such as:
- USDC
- DAI
Crypto-to-crypto swaps are available via:
- Ethereum
- BNB Chain
- Avalanche C-Chain
- Polygon
FAQ: Coinbase Delistings Explained
1. Why is Coinbase delisting BCH, ETC, XLM, and XRP?
Coinbase cited low usage and declining transaction activity as primary reasons. The move aligns with their strategy to optimize supported assets.
2. Can I still access my funds after December 5?
Yes. Funds remain stored in your wallet address—simply use your seed phrase to recover them on another wallet.
3. Which wallets support these delisted assets?
Non-custodial wallets like MetaMask (for ETC, XLM) or Trust Wallet (for BCH, XRP) are viable alternatives.
4. Does Coinbase support other altcoins?
Yes. Major EVM chains, Bitcoin, and stablecoins remain fully supported.
5. Are transactions on Coinbase Wallet free?
No. All blockchain transactions incur network fees (e.g., Ethereum gas fees).
6. Can I trade delisted assets elsewhere?
Absolutely. Many exchanges still list BCH, ETC, XLM, and XRP for trading.
By refining its asset offerings, Coinbase aims to enhance user experience while maintaining robust security. Users affected by the delistings should act before December 5 to ensure seamless fund management.
For further updates, refer to Coinbase’s official support page.