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Not everyone likes the trend of cryptocurrencies becoming more regulated. Due to this, some people decide to delete Binance account and move to decentralized exchanges like dYdX as they want to trade tokens anonymously without exposing their identity. But it is important to remove the profile completely so there is no personal information left at all on servers. In this article, we will tell how to solve this task within a few simple steps and what consequences such an action can lead to.
What happens once Binance account gets deleted?
Nowadays it is not possible to use Binance without going through an identity verification process. It is necessary even if trading through its DApp that was available for everyone including unverified users for several years. So deleting Binance account means losing access to all features of the most popular cryptocurrency exchange in the world.
You won’t be able to trade all pairs listed on the platform, use staking opportunities, take a part in initial coin offerings, etc. In addition, such an approach will lead to losing all tokens that are left in the wallet. With that being said, deleting Binance account is a serious step. Before doing this it is important to weigh the pros and cons as well as take some action such as withdrawing funds and so on.
How to delete Binance account in a few steps?
Here we will explain the easiest solution to this issue. You don’t have to do anything special to delete Binance account. Moreover, it is possible to do it through either the official website or mobile app. So here is a step-by-step instruction on how it works:
- Open the mobile Binance application or website.
- Log in with the account you want to delete.
- Proceed to the security settings tab and look there for the security page.
- Find disable account feature.
- Confirm your intentions.
- Enter your contact information to prove to be the real owner of the profile.
- Click on the “Confim to delete” button.
This is it. You have just deleted Binance account. It is no longer available for placing orders or using other features of the exchange while all data that belongs to it is deleted from servers. There is no more need to worry about privacy and confidentiality. But was that need at all?
Creating anonymous Binance account after deleting an old one
One of the most popular reasons to delete Binance account is the wish to trade cryptocurrencies anonymously. But the thing is that there is no need to stop working with the platform that has the most trading volume and features because of this. You can use it without exposing personal data thanks to virtual phone numbers that allow private signing up on various websites and apps including Binance.
The thing about such a feature is that it allows bypassing location restrictions. You can create Binance account with the US phone number while located in India or any other country in the world hiding this way your real location. Read below to learn how to take a virtual phone number in a few minutes:
1. Sign up for sms-man.com account and verify entered email address.
2. Use a suitable payment method to add funds to the platform.
3. Open the homepage of SMS-Man and choose country dialing code for the virtual phone number.
4. On the same page find the services list and select Binance.
5. Press the “Buy” button to receive the virtual number.
You are halfway there. Now just use received virtual phone number to create Binance account as it was a real phone number. Once the verification message is sent, hit the “Get SMS” button at SMS-Man to reveal the code for account creation. So it is not really necessary to delete Binance account if it is all about confidentiality. You can achieve it with virtual phone numbers and keep using the most popular cryptocurrency exchange in the world!