Binance is the world’s biggest cryptocurrency exchange, with customers all across the world. For many, it is the first choice due to it’s large transaction volume in both the spot and derivatives market.
Even so, you might want to explore what other crypto exchanges have to offer and thus, you won’t necessarily need your Binance account anymore.
This article will provide you with a simple step-by-step guide, helping you to securely delete your Binance account.
Key takeaways:
- Ensure that you have zero balance, as well as no pending transactions on your Binance account before closing it. You might want to consider transferring your cryptocurrency to a hardware or software waller to ensure long-term safety
- The process involves five steps; accessing your profile, going to “Security”, then “Manage account”, selecting the “Delete Account” option and lastly, selecting the reason for deletion
- Once an account is deleted it is permanently closed. Any associated services with the account will also be terminated
What should you do before closing your Binance account
Make sure you have no balance left on the platform before deleting your account on the Binance exchange. It is also recommended to cancel any pending transactions and to make sure your open orders are closed. Consider contacting support if you have any unresolved issues.
Since Binance is a SEPA-supported cryptocurrency exchange, you have the option to withdraw your money to your bank account at any time. Alternatively, you can choose to transfer your balance to a software wallet like Metamask or a hardware wallet like Ledger.
If you choose to trade on a different cryptocurrency exchange other than Binance, our recommendation is KuCoin. It is one of the best crypto exchanges, allowing you to trade many major cryptocurrencies as well as newly listed altcoins.
How to delete a Binance account?
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.
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.
Step 1: Login to your Binance account
On your mobile phone, open the Binance app and login to your account.
Step 2: Navigate to “Security” on your profile page
After you’ve successfully logged into your account, click on your profile icon in the upper right corner. Afterwards, click “Security” from the list of available options. There is an arrow in the picture below for clarity.
Step 3: Scroll down and click “Manage Account”
Once you are in the “Security” options, scroll to the very bottom to find “Manage Account”, as indicated by the arrow in the image below.
Step 4: Select the “Delete Account” option
In the “Manage Account” tab, there will be two options. Click on the “Delete Account” option. Once again we will note that deleting your Binance account is a permanent action and cannot be reversed, so make sure to finish your remaining transactions and empty your account balance.
Step 5: Select the reason for deleting your account
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.
Afterwards, you will be provided with the latest information regarding the deletion of your Binance account. Please note that Binance may still request more detailed information or even ask you to send an e-mail to customer service.
The bottom line: Withdraw your funds before deleting the account
By following this step-by-step guide, you should easily be able to delete your Binance account. As mentioned above, this process is irreversible. However, you can still open a new Binance account at any time if you choose to do so.
Additionally, if you’re not sure about deleting your account, you can also choose to temporarily disable your account by clicking the “Dissable Account” option in the “Manage Account” menu.
If you decide you don’t want to store your cryptocurrencies on an exchange, you can always choose to use a cryptocurrency wallet. Check out our list of the 12 best crypto hardware wallets to decide which storage solution best suits your needs.
