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Deleting Your Binance Account: A Step-by-Step Guide
As one of the largest and most popular cryptocurrency exchanges in the world, Binance offers a range of services and features to its users. However, there may come a time when you no longer wish to use the platform and want to delete your account. Regardless of the reasons behind your decision, deleting your account is a simple and straightforward process. This article will guide you through the steps required to securely and smoothly close your Binance account.
Why You Might Want to Delete Your Binance Account
Before we dive into the steps, let’s explore some common reasons why users might want to delete their Binance account:
- Security Concerns: If you’re no longer confident in the platform’s security or if your account has been compromised, it may be time to delete your account.
- Inactive Account: If you’re not actively trading or holding cryptocurrencies, it may not make sense to keep the account open.
- Changing to a Different Platform: You may have found a different platform that better suits your needs.
- Personal Reasons: You may have shifted your financial strategy or priorities, or you may be looking to maintain better control over your personal data.
Important Considerations Before Deleting Your Account
Before deleting your account, make sure you’ve addressed the following:
- Transfer all your funds, including fiat currencies and cryptocurrencies, to another bank account or wallet. Once your account is deleted, you won’t be able to access your funds again.
- Close any active orders to prevent further transactions once your account is deleted.
- Download your transaction history for accounting and storage purposes, as you won’t have access to this information once your account is deleted.
- Note that closing your Binance account is a permanent and irreversible action. Once your account is deleted, all linked information will be permanently erased.
However, email, phone number, KYC information, and transactional data will be retained for six years post-account deletion for compliance purposes. In the event of a chargeback, your account may be reinstated.
Follow the steps below to delete your Binance account on the website or mobile app.
Steps to Delete Your Binance Account on the Website
Step 1: Log in to Your Binance Account
Go to the Binance website and log in with your login credentials.
Make sure to disable two-factor authentication (2FA) as it may disrupt the deletion process.
Step 2: Go to Account Settings
Upon logging in, select your profile icon located at the top right corner of the homepage.
Choose “Security” from the dropdown menu.
Step 3: Initiate Account Deletion
Scroll down to the “Delete Your Account” section.
Click on “Delete Account”. You’ll usually find this option at the bottom of the page.
Step 4: Select the Reason for Deletion
You’ll be prompted to select a reason for the account deletion. Choose the appropriate reason from the dropdown menu.
Confirm your selection.
Step 5: Confirm the Deletion
Binance will send a confirmation email to the email address associated with your account registration.
Access the email and click the given link to verify the deletion of your account.
Step 6: Final Confirmation
Upon verification via the email link, you’ll be directed to Binance.
Complete any additional security checks as needed.
Double-check your choice before finalizing it.
Steps to Delete Your Binance Account on the Mobile App
To delete your Binance account using the mobile app, follow these steps:
Step 1: Launch the Binance Mobile App
Access the Binance app on your smartphone.
Log in with your login credentials. Once 2FA is enabled, you must complete the authentication process.
Step 2: Go to Account Settings
Tap the profile icon located in the upper left corner of the application.
Choose the “Security” option from the menu.
Step 3: Begin the Process of Deleting Your Account
Continue scrolling until you reach the Account Activity section.
Tap on “Delete Account” under “Manage Account”.
Step 4: Choose the Reason for Deleting the Account
You’ll be asked to choose a reason for deleting your account. Select the correct explanation from the options provided.
Verify your selection.
Step 5: Confirm the Deletion
Binance will send a verification email to the email address associated with your account registration.
Access the email and select the link given to verify the deletion of your account.
Step 6: Terms and Conditions
Carefully read the terms and conditions and tap “Accept & Continue”.
Step 7: Final Verification
Once you click on the email link to confirm, you’ll be directed to Binance.
Complete any additional security checks as needed.
Verify your choice once more before finalizing it.
What Happens After Deletion?
Once you’ve deleted your Binance account:
- Your account along with all connected information will be permanently deleted.
- You will no longer be notified or receive emails from Binance.
- If you want to access Binance services in the future, you must create a new account.
Troubleshooting and Support
If you encounter any issues while deleting your account, keep the following in mind:
- Contact Binance Support for help with any inquiries. They can assist you with any issues you may encounter.
- Verify if there are any transactions that have not been completed yet, as these may hinder the deletion of the account.
Conclusion
Closing your Binance account is a major decision that should be made thoughtfully. Ensure that you have saved all necessary information and removed all your funds before starting the process. The steps provided in this guide will securely and smoothly enable you to delete your Binance account.