How To Delete Binance Account
Binance is one of the biggest cryptocurrency exchange platforms out there, but that doesn’t mean that it’s perfect.
Cryptocurrency trends are volatile and changing, which is why some users might prefer to delete their Binance account once and for all.
Maybe you don’t like the user interface, or perhaps you want to try another effective exchange platform to manage your money.
It doesn’t matter what your motives are - in this blog post, we will give you all the precise information you need about:
- How to delete Binance account;
- Important things to know before you delete Binance account;
- Reasons to delete Binance account and step-by-step guidance during the process.
Things You Must Know Before You Delete Your Binance Account Permanently
Binance is one of the best options for managing and purchasing digital currency while having control of your crypto assets and more funds.
Nonetheless, this isn’t the only exchange out there. There are multiple options to choose from, which is why you might want to delete Binance account.
In any case, sometimes, direct account closure might feel like a hasty decision.
A hardware wallet will allow you to forget about malware affecting your storage system, which is great for security reasons.
1. Binance is a Secure Exchange Platform
It is not a secret for anyone that Binance is one of the best exchange platforms in the market.
This Hong-Kong based exchange is on the cryptocurrency wallet’s team, which means that managing crypto is more secure than ever before.
Binance is fast and it has a proprietary platform technology which makes it the number one choice for many crypto holders out there.
It has multiple device support, so you can visit the Binance website from almost any platform, plus users can perform device management at their will.
The platform runs on the Fusion System - you can learn more about it by clicking here. It just seems to be the best bet in the crypto world, but nothing is perfect.
2. You Must Move Your Funds Before Submitting a Delete Account Application
You can’t just delete Binance account and that’s it. Before you delete your Binance account, some requirements must be fulfilled.
For instance, you can’t have more than 0.001 BTC on your Binance account.
You could Withdraw from Binance to Bank using fiat currency, or move your funds to another exchange if you please.
3. Some Users Might Get Locked Out of Their Account
Due to some updates in Binance Terms of Use, if you live in a sanctioned country, you will lose access to Binance account.
The Chinese government and other countries have imposed crypto restrictions recently, and since Binance prioritizes security above everything else, then the deleting account option might be a right fit for you.
On top of that, the relatively low liquidity of the company also acts as a significant barrier for newcomers to this world.
Pro Tip: If you want to delete Binance account but don’t want to withdraw your money, you can always move your assets to another exchange.
For instance, it’s really easy to Transfer from Binance to Coinbase, so give it a try before you delete your Binance account.
Delete Account vs. Disable Account: The Differences
Whenever you try to delete your Binance account, you will encounter two options: disable account or delete account.
At this point, it’s fundamental to understand the main differences between these two alternatives, so you don’t end up messing with your Binance account.
- If you decide to temporarily disable your account, you can activate it back in at least two hours;
- On the other hand, deleting your Binance account is a permanent and irreversible process that can’t be undone.
Keep in mind that the “delete this account” option won’t appear if you still have funds in your Binance account (specifically, more than 0.001 BTC).
In case you permanently disable your Binance account, there’s no coming back from it.
Don’t Treat Suspicious Activity Lightly
Binance takes account security seriously. If they detect suspicious activity on your Binance account, that might lead to a temporary disable.
Completing Binance Verification Process is fundamental to ensure your account activity is safe from hackers. Note that certain documents are needed to properly complete this process.
Besides, login from a different IP address might also trigger an undesired security warning. Thus, suspicious account activity should never be treated lightly in Binance eyes.
Should You Delete or Disable Your Binance Account?
Before you close Binance account permanently, you should also consider the disable option instead of the delete option.
Imagine this: you don’t want to use the Binance exchange anymore even if it is one of the most popular cryptocurrency exchanges out there - there are other fish in the ocean!
In this case, your full reasoning leads you to search for another exchange and permanently delete your log activity on Binance services.
Now, picture this: you want to continue trading in the future, but you think that disabling your account is just another security option to have a safe back in the future.
Here, disabling your account on the site seems like the smartest decision - you can always go back to your previous account! To summarize:
- Delete Binance account only if you are sure that you want to forget about Binance once and for all;
- Disable Binance if you are not quite sure if you want to go back to the platform at some point or another.
How to Disable Your Binance Account
In order to disable your Binance account, the steps to follow are quite simply:
- Log in to Binance and go to the Security Tab;
- Here, select “Disable Account” and follow all the steps on the screen;
- The platform will inform you that your API keys, account logins and orders will be deleted;
- Submit your decision and there you go - you have just disabled Binance.
If you want to sell or buy cryptocurrency on this Binance account again in the future, the only way to re-open it would be to contact Binance support and tell them to restore your profile.
How to Delete a Binance Account
Now, let’s delete your Binance account right away. If you are 100% sure that you want to delete this account, then complete the following steps.
Else, remember that you can always disable it and go back to it in two hours before you finally confirm to delete it.
Step 1: Go to Binance App or Website and Use Your Login Details
Use your login password to go to your account on the Binance website by tapping or clicking on the menu icon.
You can also use the app - the procedure is basically the same on both platforms.
In the top navigation bar, you will see your profile icon. This profile icon will appear at the top of the screen too, whether you use the app or the website.
Tap your profile icon and then proceed to delete this account.
Step 2: Tap on “Security Settings”
The dropdown menu will show you different options, such as API management, Task Center, Security Settings and so on.
Here, you must select the Security Page in order to continue with the process.
Step 3: Scroll Down in the Security Page
Once you are here, you need to scroll down and find the **“Account Activity”**option as shown in the following image:
It should be at the very bottom of the navigation bar. As you can see there, this option is primarily meant to solve login activity or login notification issues, but you are now going to delete your account instead.
Step 4: Click or Tap on “Disable Account”
Once you tap on “disable account,” the following screen will appear on the navigation bar screen:
If the “Delete this Account” option doesn’t show up, you might have more than 0.001 BTC in your account.
Hence, you can’t proceed to delete it until you withdraw or send them somewhere else.
Step 5: Confirm to Delete or Disable Account: It’s Your Call
Do you want to delete your Binance account permanently, or do you just need to temporarily disable it?
It’s your choice. You know the consequences of these actions, so once you’ve made up your mind, you can proceed to do what you think is best.
Step 6: Enter Your Contact Information
Tapping on “Delete Account” will lead you to the following screen:
Here, it’s necessary to type in your email address or your phone number. Make sure to enter the correct information - otherwise, the account won’t be properly deleted.
Step 7: Tap on “Confirm to Delete”
At this point, you just need to tap on “Confirm to Delete,” and that’s it:
The platform will take a review time to properly check the deletion application.
Why Can’t I Delete My Binance Account?
It can happen that your account’s deletion application doesn’t go through Binance policies.
This has happened to other users in the past - they are not allowed to delete Binance account forever and instead need to disable the account.
This happens due to certain regulations in the countries you live in. For instance, Binance UK users often have more problems with a deletion request than American users.
Sending a message to Binance Support is key here, so don’t sleep on it.
Binance Will Audit Your Deleted Account
You have successfully learned how to delete your Binance account in no time! Now, all you need to do is to wait to receive an answer from Binance.
Alternatively, you can also go to Binance Help Center so you get more detailed information in case you need it.
There are other crypto exchanges out there - choose the best one and start all over again!
How To Delete Binance Account FAQ
Can I Have 2 Binance Accounts?
You can indeed use a sub-account if you want. Nonetheless, this feature is only available for business accounts and users who have verified their accounts completely in the past. You can learn more about this feature by going to Binance FAQs.
Is Binance Safe to Use?
Yes, it is. Binance is one of the safest crypto exchanges out there. Your money and your transactions are secured thanks to the platform’s technology.
In any case, you can also delete your account whenever you want if you feel that your personal information is not adequately managed.
This article is part of our How To Use Binance: The Ultimate Guide where you can learn everything about Binance and its features.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.