Binance, Exchanges

Does Binance Delete Account?

Binance is a cryptocurrency exchange that was founded in 2017. Since its launch, Binance has grown to become one of the largest exchanges in the world.

Binance offers a wide variety of cryptocurrencies to trade, including manyaltcoins. Binance also has its own native token, Binance Coin (BNB), which can be used to pay for fees on the exchange or used to trade other cryptocurrencies.

One thing that sets Binance apart from other exchanges is its strict KYC (know your customer) and AML (anti-money laundering) policies. Binance requires all users to verify their identity before they are able to trade on the platform.

NOTE: WARNING: Binance does not have an official policy of deleting user accounts. If a user account becomes inactive for an extended period of time, Binance reserves the right to deactivate it. User accounts that are deactivated by Binance can no longer be accessed and any funds associated with the account may be lost. If a user would like to close their account, they must contact customer support directly and request that the account be closed.

This makes it more difficult for criminals to use the platform to launder money.

Despite its strict policies, there have been a few instances of users having their accounts hacked on Binance. In most cases, these hacks have been due to user error, such as using a weak password or falling for a phishing scam.

Binance has also been hacked in the past, but the exchange has always compensated users for any losses incurred.

So, does Binance delete account? No, Binance does not delete accounts. However, if an account is hacked or if a user breaks the terms of service, then the account may be suspended or banned.

Previous ArticleNext Article