How to Delete Binance Account: A Step-by-Step Guide

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. Deleting your Binance account is permanent, and you will lose all your data.

Step 4: Select the Reason for Deletion

• Keep in mind that you can always delete Binance account from the mobile app.
• Rather it would issue a popup that may prompt you to reactivate your old account, since it’s still registered in Binance’s user base.
• Adnan produces written content to review crypto projects and support the crypto community.
• We crammed a ton of information into this insider’s guide to deleting your Binance account – while having a little fun too!
• After two hours, you can reactivate your account and start trading crypto again.

Adnan produces written content to review crypto projects and support the crypto community. When you click on the Manage Account option, two different tabs will appear. As you can see in the picture below, click on the “Delete Account” option at the bottom. Without guaranteed data erasure, continue checking your credit reports and financial statements for unusual activity the next couple years. Based on security architecture alone, Coinbase emerges as perhaps the safest choice given its clean track record, insurance coverage, and identity verification requirements. Nevertheless, both Kraken and Binance take security seriously, just with some higher profile growing pains.

Further Reading

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. What if you end up regretting your decision withdraw from crypto trading? Binance makes it straightforward to open a new account, even post-deletion. You‘ll receive a final email confirmation upon successful account deletion. If something seems off, contact Binance customer support before moving to delete your account.

What Happens After Deletion?

Disabling your account will also result in a hold being placed on your ability to trade on the exchange. The API keys for your account will be deleted, and any other devices that you have connected to the account will also be deleted from the system. Deleting your Binance account from the web browser is not so different from the mobile version. It should be as quick as the 1st process, and, once again, you don’t have to be an experienced trader to do it. 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.

CoinCodex tracks 37,000+ cryptocurrencies on 200+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. There are 3 different options on the “Deletion Reason” screen shown in the picture below. After clicking what is nft in crypto the one that suits you among these options, press the “Continue” button at the bottom. 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. Reactivating your Snapchat account is a straightforward process that can be done within a few minutes.

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. I don’t know the whole reasoning behind this, and hopefully, it will be addressed as they are receiving some pressure from the FCA. Although I like the Binance exchange and use it to buy crypto, I find this a little concerning. I believe customers have the right to delete and remove their personal information.

Eliminating your Binance’s crypto account is certainly not rocket science. Once you close your Binance account, the company will stop collecting or storing your information. After you click on “Profile,” you will reach a menu with plenty of sections and options. You should first look for “Account,” which will be in the left part of the screen. The last option in the security menu will be “Manage Account.” Click on that.

Binance will provide the same prompt as disabling your account, reminding you that all pending withdrawals and open orders for the account will be cancelled. If you decide to disable your account, Binance will prompt you with several reminders. According to the exchange, disabling your account will result in all pending withdrawals being canceled. Therefore, make sure you have erp software development services custom erp solutions fully withdrawn your funds and completed the transactions prior to starting the process of disabling or deleting your account. 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.

Permanently deleting your Binance account requires careful precautions both before and after to ensure your identity and money remain protected. Once confirmed, Binance will schedule all personal data for removal within 5-7 business days. Once finished, verify 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. Do it hastily and you risk losing access to your transaction history and remaining funds. But follow the right procedures and you can make a clean break without issue.

Whether to take a break from crypto trading, change to a different exchange or quit the process altogether, Binance makes it easy for users to make their account inactive. Are you considering stepping back from cryptocurrency trading and wondering how to delete your Binance account? Look no further; this beginner’s guide will walk how to buy ftx you through closing and deleting your Binance account, ensuring a seamless and secure experience. Varying user interest and volatile crypto trends have propelled customers to explore alternative cryptocurrency exchanges.