Before moving towards how to delete Binance account we will talk about some facts. Binance is a very popular online cryptocurrency exchange. It is one of the largest exchanges in the world and has been growing rapidly since last year.
With such a large exchange, it’s not surprising that there may be some people who want to delete their Binance account for whatever reason. Fortunately, it’s very easy to do.
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So, How to delete Binance Account?
Well, you can’t actually deactivate it yourself. You have to go to the security settings of the site and request that your account be terminated for good.
Now, there are some caveats to this process, so read on below if you want to know what they are.
Steps for How to delete Binance account?
- To terminate your Binance account, all you have to do is go to the security page of the website.
- On this page, under ‘Account’, there should be a section called ‘I want to permanently disable my account’. Click on it and enter either your email or phone number associated with the account.
- Next, click on the ‘Submit’ button at the bottom of the form. This will send a verification code to your email or phone number which you need to type back in before continuing further.
- Once done, click on ‘Confirm’ under ‘disable account’ and you will be taken to a different page.
- On this page, type in the reason why you want to delete your Binance account and click on ‘Confirm’ when finished. The final step is to click on the ‘Submit’ button at the bottom of the form.
- Once again, a code will be sent to your email or phone number which you need to enter into a box before clicking on ‘Confirm’ again. After that, your Binance account will be terminated forever and it can never be used again.
Here are some precautions you should take before deleting your Binance account:
- First off, make sure there are no funds or cryptocurrency left in your account. If it has less than 0.001 BTC, the form will be accepted by Binance and you can delete your account. If there are funds, Binance will ask that you withdraw them before they’ll delete your account for good.
- Keep in mind that once you have deleted your account, you will not be able to access it again.
- You won’t be able to withdraw any remaining funds after deleting the account so please make sure this is no longer an option before continuing further with this process.
What if I accidentally clicked on ‘Delete my Account? Can I reverse this decision?
- Unfortunately, there is no way to do so because deleting your Binance account is permanent. So, if you accidentally clicked on ‘Delete my Account’, the only way to access these funds now is through your backup phrase.
- This can be found in your ‘Accounts Page’ where it says ‘Backup Phrase’ under which there should be a button called ‘Show’.
- Make sure you keep this hidden somewhere safe because if you lose it, nobody will be able to access your funds ever again.
That said, remember that deleting your Binance account doesn’t come with any cost so don’t worry about losing money whenever you want to delete this account.
Frequently Asked Questions (FAQs)
If I delete my Binance account can I make a new one?
Yes, you can make a new account and login into it whenever you like. However, if the old one has any remaining funds in it, they will be transferred to your new profile.
This means you should make sure to withdraw all the funds before deleting your account for good.
How long does it take to delete the Binance account?
It takes a maximum of 45 minutes for your Binance account to be completely deleted. This may vary depending on how busy the site is at that moment.
If you suspect any suspicious activity in your account, the best thing to do is disable it for 2 hours. This will let you investigate and find out what’s going on without compromising your funds. Deleting your Binance account is permanent and irreversible.