Keep in mind that you can always delete Binance account from the mobile app. If you want to continue trading them, it is best to move them to another exchange or a software crypto wallet. Nonetheless, if you plan on holding your crypto for longer, you may want to consider moving it to a hardware wallet.
Before deleting your account on the Binance exchange, ensure you have no balance left on the platform. Binance is a SEPA-supported cryptocurrency exchange; you can withdraw your money to your bank account whenever you want. 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. Are you considering stepping back from cryptocurrency trading and wondering how to delete your Binance account?
Users usually want to know as much as possible about a platform that may store their crypto assets. So, you might end up analyzing tens of platforms before starting to actually trade crypto. As mentioned above, you can always disable your account instead of going through and deleting it. It’s down to the individual, and there are plenty of platforms looking for your business, but it’s always worth having a backup exchange. While creating this guide on how to delete a Binance account, I had some issues. I was unable to delete my Binance account permanently and was only given the option to disable it.
- So, if you want to delete your Binance account, keep in mind that you can do this from both the mobile and desktop versions.
- If you want to use the email address that is linked with your account, select the “Email” tab.
- We will also show you how to temporarily disable a Binance account if you don’t want to go down this route.
- In this guide, I’ll show you how to delete your Binance account permanently.
- This means that you owe some assets to Binance, probably from a fee you have not paid.
Step 1: Log in to your Binance account
The process should not take more than a few minutes, and it does not require extensive crypto knowledge to be completed. Once your Binance account is disabled, you cannot begin the reactivation process until at least two hours have passed. After two hours, you can reactivate your account and start trading crypto again. Before deleting your Binance account, remember to move your funds to another crypto exchange or to a crypto wallet (hot or cold), depending on further plans. However, remember that once you delete a Binance account, the company will no longer store your funds or personal information. Compared to other popular cryptocurrency exchanges, the fees charged by Binance are significantly lower.
Step 2: Go to your profile page and click “Security”
If your account does not have less than or equal to 0.001 BTC, your account’s deletion application will be rejected. However, deleting your Binance account is straightforward as the page is hard to navigate to. Or maybe you don’t want to use Binance to buy/sell cryptocurrency anymore.
So, we have put together a simple guide on changing your number on the Binance exchange. I’m concerned that some users cannot delete their accounts and personal information. Hopefully, Binance will address this and provide customers with further information on why they have chosen to remove this feature. I don’t know the whole reasoning behind this, and hopefully, it will be addressed as they are receiving some pressure from the FCA.
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. 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. Check our comparison of Ledger Nano X vs. S Plus to see which cold storage solution might be best for you. For the purposes of this guide, we’re showing how to delete a Binance account using a mobile app.
There have been some negative articles in the UK regarding banks such as Barclays and Santander banning deposits and withdrawals from Binance. This has scared a few of their customers, making them want to close their accounts altogether. It’s too early to say if this is the beginning of a trend, but regulation is coming, whether we like it or not, and they will be coming for the biggest exchanges. Before closing and deleting your Binance account, you must ensure all funds have been withdrawn.
How to Delete Binance Account? – Step-by-Step Guide
It is to see when the crypto exchange will allow US users to use the platform again. This is why some users might consider the US version of Binance a little limited, at least for the moment. And while Binance offers many valuable features that we will discuss later in this article, it is possible that, at some point, you want to try another platform. So, you find yourself in the situation of looking for a way to close your Binance account.
However, remember that if you still have crypto in your account, Binance might not let you know that you have to withdraw it first. On the other hand, if your balance is negative, you will not be able to close Binance account. Besides, Binance paused part of its activity in the United States in October 2023 in response to the SEC’s lawsuit, which was filed on June 5, 2023.
Selected “Confirm to delete” to send a request to Binance to delete your account. After you’ve entered the email address or phone number that is linked with your account, scroll down to the bottom of the page. If you want to use the email address that is linked with your account, select the “Email” tab. If you detect any suspicious activity in your account, you can disable it. After you’ve clicked on the profile icon on the top navigation bar, a menu will open. Once you’re logged do credit notes have an expiry date in to your account, click on the profile icon on the top navigation bar.
However, user discretion is advised before deleting one’s account on the exchange. Of course, we’d strongly recommend you make sure you definitely want to delete your Binance account before you do so as, like many deletions, it is permanent. We are not qualified advisors, and none of our content(s) is a licensed investment advice, nor is it a replacement from certified financial planner. Do your own research before investing in any cryptocurrency project, and always invest what you can afford to loose. However, this website is readers supported, and it’s free for you to use, but we include link(s) to products or services we think are useful to you.