Ensure the requirements are met, check the confirmation box, then scroll down and tap Continue. Additionally, we strongly recommend how to buy lucky block coin that you export all transaction history and any necessary tax reports from your account to avoid future difficulties. Navigate to the Binance website or open the Binance app on your device.

Open orders may not be filled when trading on exchanges, and these incomplete orders may not appear in your balance. Make sure your open orders are also closed, and contact support if you have any unsolved issues. However, there might come a time when you don’t need your Binance account anymore or simply want to explore what other crypto exchanges in the sector have to offer. Founded in 2017, Binance has customers from all over the world and is the largest cryptocurrency exchange. It is the first choice of many individual and institutional investors due to its high transaction volume in both spot and derivatives markets. Many users ask if it’s possible to delete a Binance account and create a new one using the same email address or phone number.

After deciding whether you’d like to delete or disable your account, it is important to empty your Binance account and withdraw all your funds. On the other hand, when you delete your account, your name and personal details will be erased from the platform. Therefore, it is impossible to register another account or use the Binance exchange anymore. According to a report by Chainalysis, the total value of assets traded on DEXs surpassed $1 trillion in 2021, a significant increase from previous years. When choosing a wallet, look for one with a strong reputation for security, user-friendly interface, and the 11 best bitcoin trading bots in 2021 support for the specific cryptocurrencies you own. Always keep your private keys (the “password” to your wallet) in a safe place and never share them with anyone.

Support

Binance doesn’t advertise the delete Binance account button directly. You’ll find the “Disable Account” option at the bottom of the Security page. If not, then you will need to search “delete account” in the Binance Support Center. Once you’ve located it, Binance will ask you for additional identity verification (email, phone code, or 2FA) before proceeding. Deleting and removing your Binance account is permanent and irreversible. As mentioned above, you can always disable your account instead of going through and deleting it.

While this guide follows the process of deleting a Binance account on the mobile app, the process is virtually identical when using the web browser version of the exchange. In this guide, you will learn how to delete your Binance account. If you choose to do so, your account will be deleted permanently, meaning you can no longer access it in the future. Compared to other popular cryptocurrency exchanges, the fees charged by Binance are significantly lower. The trading fees range between 0.00% and 0.60%, making the platform worth considering when looking for a crypto trading platform. Cryptocurrency is a modern digital asset and method of exchange that relies on blockchain technology and is protected by cryptography, ensuring the assets can’t be forged.

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Afterwards, click “Security” from the list of available options. You just have to follow one of the guides we provided earlier. However, remember that once you delete a Binance account, the company will no longer store your funds or personal information. Before deleting, withdraw any remaining funds to an external crypto wallet or linked bank account.

Go to profile settings

When you click on the profile, you need to click ” Security” from the list that appears. If you want to take a temporary break, consider disabling your account instead. For those committed to leaving Binance for good, follow the steps in this guide carefully.

  • The decision to delete or disable a Binance account requires thoughtful consideration of timing, securing funds, and understanding critical differences between deletion and disabling.
  • Perhaps you’ve found a platform that suits your needs better, or you’re looking to take a break from cryptocurrency trading.
  • – On the Security page, you will see a checklist for increasing Binance security.

Step 4: Choose Between Disabling or Deleting

I will say the requirements before you can start a delete operation and some other notes to keep in mind. During the process, do not deposit any assets in your account or you might lose them. In some cases, you may be requested to submit certain documents, which may extend the review time. At the bottom of the page, you’ll see a “Confirm to delete” button. On the other hand, if you want to use the phone that is linked with your account, select the “mobile” tab.

  • However, when I contacted support via chat, they advised me that the option to delete Binance was no longer available.
  • We will also show you how to temporarily disable a Binance account if you don’t want to go down this route.
  • It can be difficult to have precisely a zero balance; we believe your account should be less than or equivalent to 0.001 BTC before you can delete your Binance account.
  • This has scared a few of their customers, making them want to close their accounts altogether.
  • Disabling your Binance account is a temporary suspension of your account.
  • Binance makes it straightforward to open a new account, even post-deletion.

As you can see in the screen shot shown bellow, there are three reasons you can choose from. Select the one that best suits your situation and click on the “Continue” button at the bottom. On your mobile phone, open the Binance app and login to your account. So, if you want to delete your Binance account, keep in mind that you can do this from both the mobile and desktop versions. The processes differ just a little, but they are extremely straightforward.

Step 3: Find the Account Deletion Option

Nevertheless, both Kraken and Binance take security seriously, just with some higher profile growing pains. Once finished, verify how to buy bitcoin in ira you have $0 balances remaining for all cryptocurrencies, stablecoins, and fiat tokens. However, Binance‘s meteoric rise has also brought growing pains around security, regulation, and customer support. Login to your Binance account with your mobile phone application. If you no longer have access to your phone number or 2FA device, deleting your Binance account can be challenging but not impossible. Performing these checks will protect your account up to the moment of deletion.

FAQ About Deleting and Managing Your Binance Account

The process of deleting a Binance account is simple, but it’s important to consider all implications before doing so. If you’re thinking about switching to another platform, Bybit, KuCoin, and OKX are excellent alternatives that offer different features to suit your trading needs. KuCoin offers a wide range of cryptocurrencies for trading and has a highly secure platform. It’s also recognized for its easy-to-use interface and excellent customer support. Remember, the most important thing is to maintain control over your own private keys and not rely on any single platform or service to safeguard your wealth.

Once you’re logged in to your account, click on the profile icon on the top navigation bar. What if you end up regretting your decision withdraw from crypto trading? Binance makes it straightforward to open a new account, even post-deletion. If you don’t want to store your cryptocurrencies on an exchange due to security concerns, then using a cryptocurrency hardware wallet will be the best solution.

Instead of permanently deleting your account, you can temporarily disable your Binance account. If you want to commit to deleting your account later, you can follow the steps above. Deleting your Binance account is a significant decision that requires a careful understanding of the process.

Whatever your motivation is, this is a detailed guide to show you how to delete a Binance account properly and permanently. You can easily delete a Binance account by tapping on the profile icon and selecting ‘Security’ from the options. From there, proceed to ‘Manage Account,’ select ‘Delete Account,’ then click on ‘OK’ to erase the account activity on the exchange permanently. Before proceeding with the deletion, ensure that you’ve withdrawn all the remaining funds from your account. Binance doesn’t allow account deletion when there’s still a balance. It’s also essential to consider that once deleted, the action is irreversible, and you won’t be able to recover any transaction history or information related to the account.