Topic: Can I open binance account after I closed it? (Read 121 times)

If there are some shits you have been hiding from the authorities, better stop before things get messy because they will eventually discover. I also do discourage people from tax evasion and related cases. Be a law abiding citizen and pay your tax. Do not make government to reaffirm that bitcoin is just for hiding transactions and avoiding taxes.

Secondly, Binance is highly centralized and will not hesitate to release every information of yours available to them, from when you were born till today to the government.

I'm sorry this may be coming late but I feel it's still good to advise you after reading what many had written as given advice, but I am not satisfied by them.

First, regarding the closure and reopening of your Binance account, I think that Binance itself and no one else can advise you rightly. Just tell them the intention but you should not let it look suspicious. That takes me to the next concern, don't you think it would be suspicious for you to close an account today and maybe the next day reopened it? What if the tax law in your country continues to change, will you keep on closing and reopening the account?

Well, if this is your plan, I advise you to abort it before it puts you into trouble. It will surely be suspicious and I fear for your account because when they actually flag it and seize your money thereby demanding answers to your actions, will you now say it's because of tax fraud? You should rethink it. By the way, it's tax, do not evade it if I should be sincere with you. Who knows what could happen in the future, you should obey and abide by the law of the land. Tax payment is the benefits of your country and you are supporting the government and the citizens by paying it. Also, Binance might have closed your account but the details are still with them and will always have and provide them when the authorities require them. Not to mention that some accounts will continue where you closed them and link the user's details and transaction history together, which will make your plan useless.

Say that you're now interrogated by Binance on why you want to reopen your account. You have to be honest with them why you have asked them to close it before and now why there's a sudden change of your mind. You have to tell them that it's for tax purposes or if you have some other better explanation within that for which you think is acceptable, explain it well to them. There are backlogs and logs from each user once there's a trigger of your reopening so, that's why there will be the interview and compliance that you have to be honest with them.

It's a nice way to skip the tax, but unfortunately, this won't work. Otherwise, everyone will do the same to skip the tax. A deleted account doesn't mean your data will be deleted from their server. Once you try to create another account with your personal details, they will detect you, and it will be considered as your account reactivated. I don't know how Binance will react to that, but a week ago I did the same on a platform. I created an account successfully after deleting it and verifying it as well. But when I try to withdraw, they ask me to contact support. So they verify me and ask the reason why I deleted my old account. So I explain something, and they warn me not to do the same in the future. I believe Binance will do the same, so just be careful. They aren't stupid, and it's not easy to convince them with a false explanation. 

There are several policies in Binance's rules, account deactivation and account deletion.

[1]. If you deactivate your Binance account, you must carry out the procedure below, to open your Binance account again.
How to Reactivate Your Binance.US Account.

[2]. The above does not apply to deleting your Binance account, if you delete it it is permanent, meaning you have to create a new account, your Binance account cannot be restored.
One more thing, If you want to create a new account which is limited per SSN, don't create an account with a deleted email and main telephone number/account, you have to use a new one.

Closing and reopening an account will not prevent tax authorities from accessing and investigating past transactions, as they may have ways to track this information, especially on a centralized exchange like Binance, so t5hey may still have access to your records through other means. Cryptocurrency transactions are recorded on the blockchain, which can potentially be traced.

Also, their User Agreement states they may refuse service to anyone for any reason.  https://www.binance.com/en/terms

Binance Tax Center: https://www.binance.com/en/support/faq/how-to-generate-tax-reports-via-binance-tax-2917b91ede2643a69a5fd61b851cb69a

Oh what a nice idea, I 'll just close my bank account and claim I haven't earned a penny in the last 10 years!


Closing one is indeed irreversible but they will let you open a new one if you have asked yourself to close the current one and they had no issue with anything about it. They will label it dormant, you have 14 days to get all your cryptos back and according to their ToS once that dormant account is frozen you could theoretically register a new one. But opening one just one month after you closed the previous will trigger a lot of red flags for sure.

From where you got that info? I am asking because I don't think that's how things work.

After all, your tax authority just has to ask Binance to give them your trading/transaction history and they gonna give it without any hesitation.

If I'm not mistaken, closing of accounts on Binance is irreversible. So you probably can't just close and open and close and open an account as you deem convenient.

If your intention is to hide from tax authorities, then Binance is definitely not your best platform. Not only is Binance centralized and compliant to governments and their agencies, it is also keeping a set of your personal information. A mere request could mean information about you and your account, which you intend to hide, end up on your tax authority's table.

Further, just as others have pointed out, Binance retains your personal data. You agreed to this upon signing up. The minimum retention time is 5 years. So, in reality, it could keep it beyond that.

Yes, you can open the account after deleting it or asking to delete your data, but Binance does not delete anything, it is all recorded and may be exchanged with the authorities. Binance policy prevents you from creating more than one personal account. if you delete your account or are banned and create a new account, they will track your personal data, which they often have or have with third-party entities such as the tax authority. Then they can easily obtain a complete file of all your previous transactions and all The deposit addresses associated with your account.

Whatever you are trying to do, your new account will be linked to your previous accounts. For privacy, you must either use no KYC service or P2P DEXs.

If you close your account. It does not mean that Binance will immediately delete all the information relating to your account. They will probably retain the data regarding your account, for years. Check their privacy policy to confirm. So if Government requests for Citizen data from the exchange. They will hand over the data even from the closed account. So closing and then reopening the account won't make any difference if they Government can still identify your past activity.

But how? If tax authorities request someone's information, binance would likely comply.

In addtion, there's typically a data rentention policy even after we close our accounts. I got you a snippet from their privacy policy in this case:


By definition:


I don't see this being any different if you're a .US user, in fact, chances are, it's gonna be stricter.

I think you are asking about the Binance US account, and it is possible to reactive the account through informing them through the chat. Also you need to provide them the required documents and your account will be reopened.

Also, in this case you can read their policy here. How to Reactivate Your Binance.US Account. I could not find the official links related to binance account other than the US but i hope the same terms will be applied on a Non-US binance account.


I don't think that you can enable / disable the account again and again. They may help you once or twice, but binance will find it suspicions behavior if you often ask to activate and then deactivate your account.

Is there binance policy against that?

The reason is I do not want to be forced to reveal my binance accounts to tax authority.

Basically the rules of tax for crypto currency have changed in my country. And it keeps changing. So even if I comply I don't want uncertainty.

Closing and reopening would prevent tax authority from forcing me to disclose past transactions.