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3. Free Bitcoin Wallet

How To Use Luno Bitcoin Exchange To Buy Bitcoin In South Africa

How to use Luno bitcoin exchange to buy bitcoin in South Africa How to use Luno bitcoin exchange to buy bitcoin in South Africa Luno is a well known bitcoin exchange in South Africa. In this basic guide will show you the how to begin using the exchange by registering, and then buying bitcoin. Steps we go through are (click a step to jump ahead): Place a buy order to buy bitcoin on the exchange To buy and sell bitcoin on Luno you need to register first, to do this you can use our promo code (BKFEF) which will reward you and us with R10 in free bitcoin if you spend R500. Follow this link to register today Once you click to go to www.luno.com , your screen will look like the picture below. Follow the steps to register and redeem the promo code. On the next screen you will be able to Sign up using your email address, and your password. Complete this step, then immediately check your email for the confirmation email that they send you. In your email, click the blue Confirm Email Address button. When you do this, you will be taken back to the Luno website. At the Luno website you will now be able to continue by pressing the Continue button. Congratulations! You are now registered on luno.com , and can now verify your identity and make a deposit to buy some bitcoin. As a new user on the exchange, you will be a Level 0 account, which means you have not yet verified your identity or basic personal details. Level 1 account means you are limited to a total of R15000 deposit and withdrawal. So it is important to verify your identity as soon as possible. A level 2 account is limited to R50 000 per deposit and withdraw per month, and the level 3 account has no limits. Verify your account by submitting your ID and proof of residence, and you will have an unlimited account. Make it eaContinue reading >>

If you have never posted or voted more than once on your profile, it will be immediately deleted. Otherwise, you will be scheduled for deletion. During that time, you can cancel the deletion request by visiting your profile and clicking the cancel link in the banner at the top. Otherwise, it will be deleted after 24 hours. For iOS users, go to More Settings Personal Data & Privacy scroll down to Delete profile and all data. If you delete your Wallet profile this way, IT CANNOT BE UNDONE. The deleted Wallet account will no longer be in our system. The best thing to do with a bitcoin purchase stuck in a pending state is to reach out to the exchange you boguht the bitcoin on and ask them why. Can you cancel a pending Bitcoin transaction? While you technically cannot cancel a pending bitcoin transaction, you can effectively replace it with a replace-by-fee transaction or Child-Pays-for. Delete wallet/account The Bitcoin.com wallet simply manages your private keys for you and does not correspond with a 'user account' in the typical sense of the word. If you do not want to use the wallet anymore, you should make sure all funds have been withdrawn, then uninstall the app.

How Do I Delete The Receiving Bitcoin Addresses In The Bitcoin Client?

How do i delete the receiving Bitcoin addresses in the Bitcoin client? From all i can tell, they just stay there after they are created. BTC: 1KX3MSyeHoubjvRMvkc4DXBXvEx9fr9cvV Strength In Numbers LTC: LaGawfU1ZJu33Lj6CX6NJ5WXWsfjPbLLLW In Cryptography We Trust NMC: N5EUwGbCNF1AYmZqNu9J7aYJVKxqbJoJG8 Cut Off One Node, Two More Will Take Its Place Automated Bitcoin Fork Extraction Tool WE DO TOUGH WALLETS: BCH BTG BCD SBTC UBTC B2X BCX BTF Electrum 2FA, Trezor, Ledger, SegWit, Bech32 Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Correct. You cannot delete receiving addresses. Doing so has no benefits, and would cause you to lose all coins you ever received with that address, as well as any coins you might receive at that address in the future, hence the software does not allow you to even try to do this. Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4 Quote from: Foxpup on June 14, 2013, 10:19:31 PM Correct. You cannot delete receiving addresses. Doing so has no benefits, and would cause you to lose all coins you ever received with that address, as well as any coins you might receive at that address in the future, hence the software does not allow you to even try to do this. I'm not sure why you would want to delete the addresses anyways. OP... what is your reason for wanting to remove them? Please click here to know why I have negative feedback. Tip address: 1nPfxnncZqWvVP4UHT6XLfNzfaik7akQS I'd still suggest not doing this though. At all. There is no reason I can think of for wanting to delete a receiving address. Quote from: Foxpup on June 14, 2013, 10:19:31 PM Correct. YContinue reading >>

Luno Status - Bank Deposits & Withdrawals In Malaysia

We're back! MYR deposits and withdrawals are fully functional in Malaysia. Please read through our blog post for further details Posted about 1 year ago. Mar 15, 2017 - 05:39 UTC Deposits are now active in Malaysia - please ensure that you follow the funding screen for the first few payments to ensure that your payments are automatically allocated. Withdrawals are still in the process of being activated. Further updates to follow. Posted about 1 year ago. Feb 24, 2017 - 11:41 UTC Were doing our second (and potentially final) testing round of account funding and account withdrawals in Malaysia. Kindly refrain from attempting to make Malaysian ringgit (MYR) deposits or withdrawals if you are not part of this closed group, it will slow the testing down. Posted about 1 year ago. Feb 23, 2017 - 08:57 UTC We are starting our first round of testing of account funding in Malaysia. Testing is limited to a small group of beta users who will receive email correspondence from us. Kindly refrain from attempting to make Malaysian ringgit (MYR) deposits or withdrawals if you are not part of this closed group, it will slow the testing down. We will post another update with the results of the tests. Posted about 1 year ago. Feb 14, 2017 - 09:30 UTC Despite non-stop campaigning and hard work by our team, our CIMB bank account will be closed. We remain in talks with various other banks and CIMB itself and hope to share the positive news of a new BitX bank account with you in the near future. Until we have a new bank account, we are sad to announce that as of today, 20 December 2016, our Malaysian customers are no longer able to make MYR deposits or withdrawals. The BitX BTC/MYR Exchange will remain active for the time being but will obviously have reduced liquidity. Your Bitcoin wallet wContinue reading >>

Luno Nigeria Account Frozen By Court - Investment - Nairaland

LUNO Nigeria Account Frozen By Court by pufframmy : 2:51pm On Apr 08, 2017 One of Most Secure Bitcoin Trading Platform in Nigeria LUNO Account have been Frozen By Court in Nigeria Due to One of User that Converted Money to Bitcoin which it was a scammed Funds, this means Luno will not be able to Credited Depositors or Paid User that Withdrawn to Naira.. as you know Nigeria Court this may takes Almost 1 month or more. i hope user with that lot of money in Luno will not Panic with this News State turned for more story and below Re: LUNO Nigeria Account Frozen By Court by naijafella (m): 2:51pm On Apr 08, 2017 My reference is for the ignoramus that still went to commit themselves in the unrealistic investment just like MMM and not to you. Except if you are one of them. My reference is for the ignoramus that still went to commit themselves in the unrealistic investment just like MMM and not to you. Except if you are one of them. Luno is not Ponzi scheme. They buy and sell Bitcoin and maintain Bitcoin wallet. So get your facts before you start insulting people. Re: LUNO Nigeria Account Frozen By Court by tutucious (f): 6:46pm On Apr 08, 2017 Luno or local bitcoin is not the only reliable exchanger we have oh! Get my contact from my profile, call or WhatsApp me and I'll help. Re: LUNO Nigeria Account Frozen By Court by martolux (m): 7:01pm On Apr 08, 2017 'As you may be aware, Luno has been unable to process NGN withdrawals since Friday, 31 March. The reason is that our bank account at Stanbic IBTC, which contains the vast majority of customer funds, has been frozen due to an unforeseen third party issue beyond our control (more details follow below). All customer funds are safe and accounted for in the account. Right now we are unable to make any payments out of the accountContinue reading >>

Bitcoins Stolen From Luno Wallet. - Page 8

Please post details of the beneficiary here. What bank? Is it a good idea to post bank details here. Is it a good idea to post bank details here. Is it a good idea to post bank details here. That's the beneficiary details, right? Not your account details? If so, there's nothing wrong with posting those details. Just want to see the beneficiary account details. At least I know it's Absa. Will check on my end. OK, there is a beneficiary called Luno Pty Ltd on ABSA, so the company name is correct: However, what's suspicious is that when you want to do a deposit via the Luno site and pick ABSA bank, you are given their FNB details: As you can see, the company was registered in South Africa in 2013, so it's possible they have been doing other business since then - not sure. It's quite possible the bank approved beneficiary on ABSA is not their client transaction account and is not monitored for deposits. Did you go through the deposit process on the web first? Did you enter an amount into the deposit box on the web before being taken to the banking details page? If you did, you weren't paying attention it seems since they give the above FNB details. If you haven't what exactly were you going to use as a reference for the deposit? You need to email their support department / open a ticket on the site. Last edited by manicminer; 04-11-2017 at 09:51 PM. Is it possible for another company to register themselves as a bank listed beneficiary with a similar name (hypothetically Luno Holdings or Luno Inc.) and con users into thinking that they are depositing funds to the real Luno? I think I have been conned this way. I waited several days for the funds to appear only checking the payment notification long after. The account number does not correspond to the one that Luno listed onContinue reading >>

Luno (formerly Bitx) Bitcoin Exchange And Wallet Reviewed

Luno (formerly BitX) Bitcoin Exchange and Wallet Reviewed Last updated on January 2nd, 2018 at 12:00 am Luno (formerlyBitX) has a pretty small marketcap according to CoinMarketCap.com , with trading often below a half million dollars. Still, Lunoenjoys a generally high industry reputation, and has generally received favorable reviews . Unlike many other exchanges, Luno focuses only on bitcoin, so theres not a ton of flexibility with this platform. Still, the Luno exchange and wallet are both great options for bitcoin. Luno claims to be the worlds most trusted, secure and reliable exchange. Whether the company can back such lofty claims up, however, remains an entirely different matter. Luno has been around since 2013, so the company has some history behind it, but so far Luno has failed to secure any serious market dominance. That shouldnt scare you away from the exchange, however. The exchange has also receive funding from the Digital Currency Group, run by industry thought-leader Barry Silbert. Luno is also funded by Naspers, which is one of the older still active venture capital and technology investment firms. Naspers sunk $4 million into Luno, which is a pretty large sum for a single VC company, so they must have liked what they saw. Luno also offers a bitcoin smart wallet for Android mobile devices. The wallet has been downloaded between 100K to 500K times, making it a quite popular app. Further, it has locked down a score of 4.4 from reviewers , making it one of the most well regarded bitcoin wallet apps for Android. This wallet is free and there are zero fees from transactions, making it a great low cost option. Luno does not charge fees to send, store, or receive bitcoins. However, if you buy or sell bitcoins, you will have to pay a fee. The fees are a bit morContinue reading >>

Luno Reviews Read Customer Service Reviews Of Www.luno.com

To our knowledge, this company collects reviews by asking its customers to share their experiences on Trustpilot. Read more This company has claimed its Trustpilot profile, but to our knowledge, doesn't actively invite its customers to write reviews on Trustpilot. Read more This company hasn't claimed its Trustpilot profile and to our knowledge, doesn't actively invite its customers to write reviews on Trustpilot. Read more Roll over stars, then click to rate. Tap stars to rate 1 star: Bad unacceptable experience, unreasonable and rude conduct. 2 stars: Poor an inadequate experience with a lot of friction. 3 stars: Average acceptable experience but with some friction. 4 stars: Great decent treatment and very little friction. 5 stars: Excellent no reservations, I would recommend this company to anyone. Really good experience, easy and fast. Truly recommended! Only the latest review will count in the company's TrustScore Fast, and really great. Safe place for your btc and eth. Only the latest review will count in the company's TrustScore I am very happy to mention here, that LUNO is such a wonderful and resourceful wallet I found, where I dealt with the professional and practical team. Being as a non-European person, I thought KYC will be a difficult process. But to my surprise due to their clear understanding and support, I did it in a couple of days, with help of back up team who are highly trained. At other similar Wallet, it was a nightmare for me where I am still struggling. So LUNO helped me to enter the International community of Cryptocurrency, which is an essential need for everyone. I am thankful to LUNO for opening the gates of this technology for me. I will recommend all those who are struggling to get access to BITCOIN Technology and Revolutionary Economy SyContinue reading >>

A Review Of London Based Cryptocurrency Exchange, Luno

A Review of London based Cryptocurrency Exchange, Luno A Review of London based Cryptocurrency Exchange, Luno London-based Bitcoin exchange, Luno, is becoming competition for Coinbase and branching out to countries not supported by the US exchange by Cameron Bowen Thursday, 29 Mar 2018, 09:29 BST Formerly known as Bitx, Luno is both a London-based Bitcoin exchange and wallet provider. Since 2013, when it made its first bold steps in the world of cryptocurrency, it has expanded to more than 42 countries, especially after rebranding from Bitx to Luno. Luno experienced exponential growth last year and now not only provides services that are similar to that of Coinbase but has also managed to make their Bitcoin exchange services and wallet available in countries not supported by the popular American exchange. Below are some of the biggest allures of the up and coming player of this exciting game. Luno users can buy bitcoins with fiat trading pairs of their choice by simply linking their online exchange account to their bank account. The cryptocurrency exchange has worked hard to make the process as fast and convenient as possible. For that reason, we see deposits show up in Luno users exchange account in a day or two (max) while fiat withdrawals hit users bank accounts in under 48 hours. At the moment, Luno users can trade mainly Bitcoin, Bitcoin Cash, and Ethereum. However, it also offers trading pairs to customers that not many other exchanges do (i.e. from Bitcoin to fiat money like Indonesian Rupiah, Nigerian Naira, Malaysian Ringgit, and South African Rand), and is beginning to accept traders and deposits in Euros from countries in the European Union. Another plus is the fact that you can buy or sell bitcoin using a variety of methods, including EFT, Interbank GIRO/IBContinue reading >>

Luno Malaysia

Can someone please shed light on Luno Malaysia's reputation among Malaysian bitcoin traders? I'd like to hear out your reviews, thoughts, and experience dealing with Luno Malaysia before using it to trade large amount of money. If Luno Malaysia is the official offshoot of Luno then I think they are pretty solid. One criteria for exchange is transparency, and Luno befits that. Many exchanges operate by stealth, for example Yobit is one. So you don't know who is behind and if it will disappear. Luno International has a proper team and it's listed online. Another thing I like about Luno is that it takes a concerted effort to service users in Indonesia, Malaysia and Singapore. So despite not being Kraken or Coinbase it is catering to a targeted audience, which is good. Lastly, I haven't used Luno before lol. I started with Kraken (and others) and was stucked with them since. Not a bad thing ;) Anyways, if you trade and move your coins out of exchange once you are done, there is no big major risk, even on opaque exchanges such as Yobit. Your bigger concern might be the exchange rate and the withdrawal fees, to get the best rate. Luno being in Malaysia might have factored that. This post has been edited by simplylegendary: Aug 9 2017, 10:58 AM QUOTE(simplylegendary @ Aug 9 2017, 10:57 AM) If Luno Malaysia is the official offshoot of Luno then I think they are pretty solid. One criteria for exchange is transparency, and Luno befits that. Many exchanges operate by stealth, for example Yobit is one. So you don't know who is behind and if it will disappear. Luno International has a proper team and it's listed online. Another thing I like about Luno is that it takes a concerted effort to service users in Indonesia, Malaysia and Singapore. So despite not being Kraken or Coinbase iContinue reading >>

Luno Review 2018 - The 1 Thing You Have To Know About.

I have been using Luno consistently since 2016 and there is a lot to be said about the company (good and bad). In this review, I will try to give you the full rundown so you can evaluate for yourself if Luno is Trustworthy. Luno (formally known as Bitx) is a Bitcoin exchange/wallet Provider. They started as Bitx in 2013 in Singapore and have since then expanded to over 42 countries. On Jan 11, 2017, they changed their brand name to Luno (meaning Moon), this must have been a well-thought rebranding because they grew exponentially in 2017. Luno provides Bitcoin services that are similar to thats of Coinbase , However, they were able to make their Bitcoin wallet and exchange services available in countries where Coinbase exchange services are not supported. Luno allows users to buy and sell Bitcoin through bank Transfer, SEPA transfer, Interbank GIRO/IBFT and EFT. Before you can buy Bitcoin on Luno, you need to deposit money into your Luno wallet. You dont need to buy an entire Bitcoin. You can buy a smaller amount, from as little as $1. Luno also provides a platform for a user to trade bitcoin. Luno Review 2018 Cryptocurrencies Supported on Luno. Countries where Luno offers its services in 43 countries which include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Indonesia, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Nigeria, Norway, Poland, Portugal, Romania, San Marino, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, United Kingdom. When you open a Luno account, you will need to verify your account to be able to make use of the wallet. To do so, you will need to supply your fuContinue reading >>

Terms Of Use Luno

Thank you for choosing Luno. The following Terms and Conditions and the Privacy Policy (together, the Terms) apply to any person that registers for and/or opens a Luno Account through Luno.com or any associated mobile applications, website, or APIs (together, the Luno Site). The Terms constitute a legally binding agreement between you and Luno Pte. Ltd., which is a company incorporated under the laws of Singapore. For further information on Luno Pte. Ltd., and its operating subsidiaries, please see the Company Information page on the Luno website. For the purposes of these Terms, any reference to we us our Luno and/or any similar term shall be construed as reference to Luno Pte. Ltd. By registering for and opening a Luno Account, you unconditionally accept these Terms and agree to be bound by and act in accordance with them. You also accept and agree that you are solely responsible for understanding and complying with all laws, rules, regulations and requirements of the jurisdiction in which you live that may be applicable to your use of the Luno Site and/or your Luno Account, including but not limited to, those related to export or import activity, taxes or foreign currency transactions. Please read these Terms carefully before using the Luno Site because they affect your legal rights and obligations. Luno may amend the Terms from time to time. You should visit the Luno website regularly to check when the Terms were last updated (as displayed at the top of this document) and to review the current Terms. We will do our best to notify you of any amendments to the Terms that we consider likely to materially affect your rights and obligations. Any such notice will be posted on the Luno Site, or sent by email to the address associated with your Luno Account (see ElectronicContinue reading >>

How To Withdraw Your Bitcoin Direct Into Your Nigerian Local Bank Account Without Going Through Exchangers Dillionworld

Information Marketing, Freelance Opportunities, Finance, Financial Empowerment, Jobs, Employment, Politics, etc.www.dillionworld.biz How To Withdraw Your Bitcoin Direct Into Your Nigerian Local Bank Account Without Going Through Exchangers I'm pleased to teach this to many people that find it difficult to withdraw their hard earn bitcoin to their local bank account directly without going through any exchanger like instant gold, naira4dollar, etc. Related article: How I Make Money Daily On LUNO Platform Let me keep it simple, I find LUNO(formally BitX) bitcoin wallet as my favorite wallet for my withdrawal because it is safe and is directly connected to my Nigerian bank. Also all bitcoin is shown in naira equivalence instead of the normal USD others have. Simply send all your bitcoin from other wallets to LUNO and press a button to withdraw to your bank, withdrawal request is process within 6hous. Also you can deposit money from the same bank or any bank account using your ATM card to LUNO wallet instantly on there website. When registering on LUNO, ensure that you use your real name as it appears on the bank account you with to link to LUNO. To withdraw Bitcoin into you bank account, go to the home screen, click on 'More' under you BTC balance. You will see options. Click on 'Instant Sell'. Enter the amount you want to sell in Naira or in BTC, confirm the amount and proceed. Related Post: Step by step guide on how to deposit/withdraw money from Luno and how to buy/sell Bitcoin and Ethereum The money will instantly be in your Naira- NGN wallet on LUNO. Go to menu, click on wallets to see your NGN wallet. On the NGN wallet, click on ' Withdraw ' to transfer the money into your local bank account. Enter amount you wish to withdraw and proceed. Also to fund you account, onContinue reading >>

Luno Bitcoin Exchange Review

Home Exchange Luno Bitcoin Exchange Review Formerly known as BitX, Luno is one of the oldest Bitcoin exchanges in the World. The UK-based company was established in 2013 at a time when most people hadnt heard of the digital currency and those who had were mostly not interested. With time, Luno has built a reputation for being one of the most reliable, safe and affordable Bitcoin exchanges in the World. Ironically, their market share remains relatively small and trading rarely exceeds half a million dollars. This could be because, for the longest time, Luno was only dealing with bitcoins, leaving out other currencies which might have brought it a bigger number of clients. As such, when the company changed their name from BitX to Luno, there was speculation that they were planning to introduce supporting services for other digital currencies in a bid to improve their market share. Whether that is true or not remains to be seen. Update (November 9, 2017): Luno now also offers service for Ethereum,allowing their customers to buy, sell and store ETH. Luno supports a number of platforms which are all integrated to enable seamless cross-platform interaction. First, there is the web platform, accessed through the main web page and which requires no downloads whatsoever. For mobile users, the Luno mobile app is available at Google PlayStore and is tailored to make trading as safe, smooth and efficient as possible in mobile devices. WebSocket and API platforms are also supported and provide alternative ways to access the exchange system. Luno has some of the lowest rates in the industry. Basically, traders incur zero charges when sending or receiving BTC using their email addresses or phone numbers. When sending or receiving BTC through your Bitcoin address, a transaction fee ofContinue reading >>

How Do I Transfer Bitcoins From Another Account To My Xapo Vault? Xapo Support

How do I transfer bitcoins from another account to my Xapo Vault? Have you made a Xapo account yet? If not, you can do that by going to this link . You can send bitcoin directly to your Vault address, but we do not recommend this, as it will create a publicly identifiable transaction in the blockchain. Instead, create your Xapo account, verify your identification, and use your new Xapo Wallet to transfer the funds internally.You can look up your Xapo Wallet address by clicking 'Wallet' from the top of the page, selecting the wallet, and clicking the 'My Address' button. Use this address to receive bitcoins from an outside source. When the funds are in your Xapo Wallet, click 'Transfer' where you can transfer the funds to your Vault.Continue reading >>

Luno Exchange Bank Account Frozen By Malaysian Tax Officials

Luno Exchange Bank Account Frozen by Malaysian Tax Officials Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the countrys tax officials. Also read: Federal Reserve Chair: Fed Doesnt Really Play Any Regulatory Role in Bitcoin Luno Emphasizes the Company is Working Closely With the IRB to Limit the Parameters of the Broad Request This week the exchange and wallet provider Luno (formerly Bitx) announced it is having issues with the Malaysian tax authorities. Created in 2013, the London-based business Luno has been providing bitcoin and ethereum to countries such as Nigeria, South Africa, Malaysia, Indonesia, the UK, and 35 other European regions. Malaysias Inland Revenue Board (IRB) froze the firms Malaysian bank account on January 13, an account that was held under its local business name Bitx Malaysia. Luno explains to the Edge Markets financial publication that the IRB is investigating a case that involves tax discrepancies. As part of this, IRB has requested that we provide them with information on all our Malaysian customers: identification, deposits/withdrawals, and transactions, Luno details. We are working closely with the IRB to limit the parameters of this broad request. Luno Asks Malaysian Customers to Follow Tax Requirements, and the Firm Is Supportive of the Central Banks Regulatory Measures In the meantime, Malaysia based Luno customers can still trade bitcoin and ethereum using the national tender the MYR. All your funds local and digital currencies remain safe with Luno and all other services remain unaffected, the company emphContinue reading >>

Binance is one of the fastest growing exchanges in the cryptocurrency market. And if this keeps up, it will be one of the biggest crypto exchanges based on trading volume. Additionally, many newly coins/tokens that just had an ICO would have a higher tendency to be listed on Binance compared to other big exchanges. Regardless, you may still wish to close your Binance account. And,
there are several legitimate reasons to do it.

Make Bitcoin Account

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Founded by a team of fintech and crypto experts, it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed, attracting enthusiasts and professional traders alike.

This cryptocurrency exchange was created by a former key member of OKCoin. While the company mostly focuses on the Chinese market, everybody is welcome. That said, they do not accept fiat money deposits, which means that you can’t withdraw any fiat money. The amount of coins available for trading is relatively high and still growing. But, there are other exchanges that offer more exotic ones. The major issue we have with Binance is that it hasn’t been around long enough to pass the test of time.

Here, we will look at how you can close your Binance account, in the event that you find it is in your best interest.

Table of Contents

Binance Advantages and Disadvantages

Advantages

• Basic and Advanced exchange views
• Support for close to 100 cryptocurrencies
• Multi-language support
• Offers the Binance in-house BNB token for reduced trading fees
• High liquidity
• Capable of processing 1.4 million transactions per second
• Backed by an established team with a proven track record in crypto and finance
• Low fees on transactions and withdrawals
• Bounty and reward programs for the community

Disadvantages

• Some users have reported difficulty with the Android version of the mobile app.
• Some users have reported delays when withdrawing certain coins from Binance.
• Unclear how recent regulatory actions by the Chinese government may impact the exchange, which is based in China.
• Since it’s a new platform, it’s hard to assess its long-term viability.
• Currently only Chinese phone numbers are supported for SMS two-factor authentication.
• Binance does collect and store some user data, such as logging IP addresses.

Why to close Binance account?

• Not interested in cryptocurrency anymore

One of the major reasons to delete Binance account, is the trend of cryptocurrency has moved drastically low over the past few months. So investment in digital currency is not safe anymore. Which is why some people are deleting their accounts.

• Not satisfied with the exchange platform

Another reason is that users are facing withdraw problems so they are removing their account from the website and looking for other options, other exchanges. Or you may consider that user interface being a bit complicated and not friendly to use.

• Annoyed by newsletters

This does not sound like a real reason, to tell the truth. If you are deleting your account just because of their newsletters or mail, you can either mark the mail as spam (by clicking on spam button given at top of your mail button) or unsubscribe the mail (by clicking unsubscribe link given at the bottom of the mail).

Or you can have a bunch of other reasons and just want to quickly and easily delete your account and forget about Binance exchange.

Check My Bitcoin

How to Close Binance Account?

Free Bitcoin Wallet

Currently the website does not allow or provide any function to delete your account from website but there is a trick through which you can disable your account. Note that user deletion is irreversible!

Follow these steps to disable your account:

1. Login to your Binance account from other computer.
2. Now a login notification has been sent to your e-mail in which it is stated that you have login to your account using other IP Address.
3. On that notification search and click on link Disable Your Account.

Conclusions

It might be a difficult task to find your best exchange. Despite the fact that Binance is one of the biggest and most popular platforms, some of its users may not be satisfied and looking for other options around. And if you are not going to use Binance anymore, why to keep the account. The ‘Close Binance Account’ workflow is not intuitive and somehow tricky, but you can still use it.