This article will guide you through the steps to delete your Binance account should the need ever arise.
What to do Before You Delete Binance Account
Since Binance account deletion is permanent and irreversible, it is advisable to make a few preparations beforehand.
- Clear and cancel all pending/active orders on the Binance trading section to avoid complications. Withdraw your funds to a secure wallet or another exchange, as deleting your Binance account erases all assets within the platform.
- Disconnect any linked wallets, cards, APIs, and other third-party integrations.
- Ensure you also back up vital activities, such as login and transaction histories, etc., on Binance in case you’ll be needing them in the future for security, proof, or other reasons.
These precautions ensure that you never lose digital funds or data and prevent you from potential cyber-attacks via your credentials.
Step-by-step Guide to Delete Binance Account
Follow the steps below to delete your account on the Binance app or website permanently:
- Enter your details to access your Binance account on the app or website.
- Tap on your Profile, and your profile dashboard will load up.
- Check the tab on the left-hand side, click on the Account option, and select Security from the list of sub-options to open your account security settings.
- Scroll down to the Account Management section. Here, you can choose to either disable your account (temporary and reversible) or delete your account permanently. In this case, we’ll choose the latter.
- Click Delete Account and read the displayed information before tapping the Confirm button.
To ensure that it’s you who wants to delete the account, Binance will display a set of 2FA verification prompts before initiating account deletion. Complete these verifications and confirm to proceed. Binance will process your request and notify you via email once the deletion is complete.
Why Delete Binance Account
Although Binance is arguably the best crypto exchange on the planet, users may decide to delete their accounts due to peculiar reasons. Here are some of the common reasons why you may consider to delete Binance account:
- Switching platforms – to a more localized or user-friendly exchange.
- Regional or country restrictions.
- Frustration with Binance transaction fees.
- Transitioning to decentralized finance (DeFi) solutions.
- Privacy concerns due to mandatory KYC.
- Fear of account breach or other security reasons.
Best Alternatives After You Delete Binance Account
Bybit
Bybit is a popular cryptocurrency exchange known for its advanced trading features, robust user base, and also wide integration of third-party platforms. It features tools like copy trading, spot and derivatives trading, and perpetual contracts. Since its inception in 2018, Bybit now supports over 100 countries worldwide, having 30+ million users. Bybit implements strong security measures for user safety, such as 2FA and cold storage for funds. It also grants users access to an endless list of crypto traders in the peer-to-peer market for buying and selling crypto at reasonable prices, which makes it a perfect alternative to Binance.
Bitunix
Bitunix, founded by Arron Lee in 2022, is an emerging cryptocurrency trading platform, that provides a secure and versatile trading environment for the newer crypto community. Bitunix offers low fees for crypto transactions, and robust Security featuring multi-factor authentication, among other interesting perks. In addition, its user-friendly interface is ideal for beginner and professional traders alike. Bitunix already houses over 1 million users, and thanks to the constant upgrades in its features, the exchange is looking like the next best thing.
Final Thoughts
Deleting a Binance account is a significant step and must be done with all caution and proper preparation. Withdraw all important assets on your account and perform all necessary preparations, as highlighted in this post, before hitting that delete button on Binance. Once you’re certain you want to remove all eliminate with Binance, you can achieve that via the simple steps above. Check out Bybit or Bitunix if you still want to remain in the crypto space after deleting your Binance account.
