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

by Jun 20, 2023DEX/CEX0 comments

As one of the leading cryptocurrency exchanges, Binance US offers its users a vast array of digital assets and trading pairs. However, there may come a time when you need to delete your Binance US account, either because you no longer want to trade cryptocurrencies or because you prefer to switch to another exchange. This comprehensive guide will walk you through the step-by-step process of deleting your Binance US account. We’ll also discuss some important considerations and alternatives to account deletion so you can make an informed decision.

Why Should I Delete Binance US Account?

There are several reasons why you might want to delete your Binance US account, some of which include the following:

  • No longer trading cryptocurrencies: If you’ve decided to stop trading cryptocurrencies altogether, closing your account to reduce your digital footprint and protect your personal information makes sense.
  • Switching to another exchange: If you’ve found a different exchange that better suits your needs, you may want to delete your Binance US account and move your assets to the new platform.
  • Security concerns: With the increasing number of cyberattacks and data breaches, some users may delete their accounts to better protect their personal information and digital assets.
  • Compliance with regulations: In some cases, regulatory changes or requirements might compel you to close your account on a specific platform.
  • Lawsuits: With the lawsuit against Binance.us and the legal difficulties with SEC some people may want to close their account and use another exchange. Read the full news here.
How to Delete Binance US Account

Things to Know Before Deleting Your Binance US Account

Before you proceed to delete your Binance US account, there are some things you need to know and consider. Here are some of them:

  • Deleting your Binance US account is irreversible: Once you delete your Binance US account, you will not be able to recover or access it again. You will also lose all your data, history, and balances associated with your account. Therefore, you should be sure that deleting your account is what you want and need.
  • You need to withdraw all your funds before deleting your account: Before you can delete your Binance US account, you must make sure you have withdrawn all your fiat (USD) and crypto balances from the platform. This includes any staked assets, savings products, or crypto boxes you may have. If you fail to do so, you will forfeit and lose these funds permanently. You can withdraw your funds to another wallet or bank account.
  • You need to cancel all your orders and transactions before deleting your account: Before you can delete your Binance US account, you need to make sure that you have canceled any open orders or pending transactions that you may have on the platform. This includes any deposits, withdrawals, pay requests, or chargebacks that may be in progress. If you fail to do so, you may encounter issues or losses of funds in the future.
  • You need to export all your records and reports before deleting your account: Before you delete your Binance US account, you may want to export all your records and reports from the platform for future reference or tax purposes. This includes any transaction history, trade history, order history, deposit history, withdrawal history, or tax reports you may have. You can export these records and reports from the platform in CSV format.
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What are the Requirements Before Deleting Your Account?

You need to meet some requirements before deleting your account: Before you can delete your Binance US account, you need to meet some requirements set by the platform for security and compliance reasons. These requirements are:

  • Your balance (crypto and USD combined) must be less than $1 equivalent
  • You must have no open orders or pending transactions on the platform
  • Your withdrawal and trade status must be set to open
  • You must request deletion from within the United States
How to Delete Binance US Account

What are Some Alternatives to Deleting your Binance US Account?

If you are unsure that deleting your Binance US account is the best option for you, you may want to consider some available alternatives on the platform. These alternatives are:

  • Disabling your account: This option allows you to temporarily deactivate it without deleting it permanently. You can disable your account by going to your security settings and selecting “Disable Account.” You can reactivate your account at any time by contacting customer support.
  • Freezing your account: This option allows you to lock your account in case of an emergency or a security breach. You can freeze your account by going to your security settings and selecting “Freeze Account.” You can unfreeze your account at any time by contacting customer support.

How to Delete Your Binance US Account

If you have decided that deleting your Binance US account is the right choice for you, and you have met all the requirements and precautions mentioned above, then you can follow these steps to delete your account:

  • Step 1: Log in to your Binance US account and go to your security settings. You can access your security settings by hovering over your email address in the top-right corner and selecting “Security” from the drop-down menu.
How to Delete Binance US Account
How to Delete Binance US Account
How to Delete Binance US Account
  • Step 2: Scroll to the “Delete Your Account” section and read the warning message carefully. You can also click “here” to review the terms and conditions of deleting your account. Then, click on “Delete Account” to continue.
See also  How to Avoid Liquidation in the Binance Future Market
How to Delete Binance US Account
  • Step 3: Enter your email address or phone number associated with your account and click on “Confirm to delete.” You will receive a verification code to your email or phone that you need to enter in the next step.
How to Delete Binance US Account
How to Delete Binance US Account
  • Step 4: Enter the verification code you received and click “Confirm to delete” again. You will see a confirmation message that your account has been deleted successfully.
How to Delete Binance US Account

Congratulations, you have deleted your Binance US account!

Conclusion

Binance US is a reputable and reliable cryptocurrency exchange that offers a variety of features and services for its users. However, you may have reasons to delete your Binance US account, such as dissatisfaction, security, or preference. If you want to delete your Binance US account, you must follow some steps and precautions we have explained in this article.

We hope this article has helped you understand how to delete your Binance US account in a step-by-step guide. We also hope you have made an informed decision that suits your needs and goals. If you have any questions or feedback, feel free to comment below.

Happy trading!

FAQ

What are the consequences of deleting my Binance US account?

Deleting your Binance US account is irreversible, and you cannot recover or access it again. You will also lose all your data, history, and balances associated with your account. Therefore, you should be sure that deleting your account is what you want and need.

How can I withdraw all my funds before deleting my account?

Before you can delete your Binance US account, you must ensure you have withdrawn all your fiat (USD) and crypto balances from the platform. This includes any staked assets, savings products, or crypto boxes you may have. You can withdraw your funds to another wallet or bank account. You can learn how to withdraw your crypto assets here and explore options and instructions for withdrawing USD balances here.

See also  Best Crypto Exchanges Without KYC: A Guide for 2024
How can I cancel all my orders and transactions before deleting my account?

Before you can delete your Binance US account, you need to make sure that you have canceled any open orders or pending transactions that you may have on the platform. This includes any deposits, withdrawals, pay requests, or chargebacks that may be in progress. You can cancel these orders and transactions by going to the respective sections on the platform and following the instructions.

Before deleting my account, how can I export all my records and reports?

Before you delete your Binance US account, you may want to export all your records and reports from the platform for future reference or tax purposes. This includes any transaction history, trade history, order history, deposit history, withdrawal history, or tax reports you may have. You can export these records and reports from the platform in CSV format by going to the respective sections and following the instructions.

How can I verify that my Binance US account has been deleted successfully?

After you delete your Binance US account, you will see a confirmation message that your account has been deleted successfully. You can also try logging in to your account again and see if it works. If it doesn’t work, your account has been deleted successfully.

Can I restore my deleted Binance US account or create a new one?

You cannot restore your deleted Binance US account or create a new one. Once you delete your Binance US account, you cannot recover or access it again. You will also lose all your data, history, and balances associated with your account. Therefore, you should be sure that deleting your account is what you want and need.

Can I use the mobile app to delete my Binance US account?

You cannot delete your Binance US account using the mobile app. You can only delete your Binance US account using the website. To do so, follow the steps explained in this article.

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