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What does it mean? This appears when deleting a Binance account. What does merging accounts mean and for what is it for?

https://i.ibb.co/sJPw6Pp2/bin-merge.png (https://bitcointalk.org/gF7TP7b3)






P.S: The previous question about virtual addresses has been resolved.

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Yes, they are. Like you can change your normal email in binance, so you can chose a different one after you've chosen the binance virtual one.
However, i know a case where it didn't work, and that person contacted their support. Few messages back and forth, and it got solved

I'm not sure why anyone want to use a virtual email provided by a centralized exchange company like binance. They want your financial data, now they want your email data too?

Use Proton.me (https://proton.me). Much more secure and you can have multiple emails in their paid plans, which are pretty affordable.

This can be possible for you to change your virtual email to any other email address you want, but i want to advise a strong warning to us, that we must be able to remain vigilant in other not to create a compromise form the email address we have been using before on the same binance main account we had with them, because sometimes this can be used to track on multi accounting on them, and i don't really know if their policies allows for that, though the virtual email here is entirely different, but should not create a linkage.

topic is updated, question is updated
previous question about "binance virtual emails" is an obsolete
the new question is about "binance account merging"

That option is primarily for those who have multiple accounts with the exchange and might want to get one deleted. Instead of deleting it, the exchange offers you an option to merge both together, which they will bring both your trading and deposit history from both and merge it together, completely wiping one of your accounts off and leaving everything to one.

But if you only have one account and want to delete it, then the best thing for you to do is to use the first option; you have no business with the second option..

Yes, if he has no more than one account, he should select the first option for the reason of the account deletion. But the second one, I think Binance just want to know if the person is still having another account with them and not because of merging the accounts together.

You should have created a new thread for the new question. That way, someone following the thread i the future would not get confused by the first replies when reading through the thread otherwise if you had more than one account on Binance, details of both accounts would be merged onto on account. This is better than deleting one of your two accounts because part of your Binance activity will be deleted too.

Merging them ensures that you have all your Binance activity in one place or one account.

I haven't explored to delete my account and this is the first time I've seen that Binance is giving this option to users who had probably made two or three accounts in one name or with their partners.

I thought that they don't allow this such and I am thinking in what instance a user could make two accounts in one kyc.

Anyway, OP are you just exploring it or you're trying to delete your account or have it merged with your other?

AFAIK Binance doesn't allow multiple accounts since KYC is tied to just one person. In that sense, it's generous of them to offer an account-merging feature rather than simply banning or suspending the extra accounts outright

It's basically in the check box, to merge multiple accounts, since it's not allowed just like KYC is tied for one person only.

OP, the earliest responses are now out of context, off-topic, because you completely changed the opening post. The discussion is now incoherent. Visitors of this thread won't understand what they're talking about. Next time, you can (1) edit the opening post with an additional question while not removing the original post or, (2) if related, you can reply to a response while raising another question, or better yet (3) open another thread for another topic.

Anyway, the option is more or less self-explanatory. If you have multiple accounts or sub-accounts, it's for you to combine them. Merge is to combine. Multiple accounts means, for some reasons, you are maintaining more than one account, sub-accounts to be specific because multiple accounts aren't allowed in Binance. If you only want to delete your account and you don't have any sub-account, then disregard that option.

Has anyone tested this in practice?

1) Which account will disappear as a result of the merger? There is not specifically stated

2) What will happen to the balances? The merger will mean the disappearance of one of the accounts.

3) Will the KYC on main binance acc fly off during this merging procedure?

Oshosondy, do you mean that if binance finally discovers that the person has multiple accounts through this means, they will instead choose the part of punishment instead of merging the accounts?
Meanwhile, why do exchanges have rules against multi-accounting as if they are casinos?
Do people also cheat exchanges, if yes, in what ways?

Very possible but I am not sure. I just know that anyone that wants to delete account has no money there anymore. No good reason to merge it.

Exchanges give the privilege to go for subaccounts instead. Most exchanges will even give you new addresses for each subaccounts. Bybit has been the only exchange that I know that give no new addresses.

On MEXC, you can go for opening another account with email if you want. I have four accounts on MEXC.

1) A binance user cannot have multiple verified accounts. KYC is only possible for one passport.  If a user with passed verification tries to create another account and pass verification again, the verification will be rejected.

2) A binance user can have multiple accounts without KYC. There is no any punishment for merging such accounts, since the very possibility of merging accounts implies their presence in the plural.

3) If binance reveals that a one person has several verified accounts (probably verified by different people) from which active trading and withdrawals are conducted, then such accounts will be punished.

Dont scare a readers. Such multi-accounters can be punished only in one case, given above, in point 3). (highlighted by brown color)

I repeat my question. If anyone knows, please reply:
Has anyone tested this in practice?

1) Which account will disappear as a result of the merger? There is not specifically stated

2) What will happen to the balances? The merger will mean the disappearance of one of the accounts.

3) Will the KYC on main binance acc fly off during this merging procedure?

I don't think you're right in interpreting that Binance allows multiple accounts. In the first place, the KYC process was made mandatory for Binance to identify users and to make sure they only have one main account each. If you managed to open two main accounts, the only reason I see why it's allowed is that Binance doesn't know who owns the other. Once the other account undergoes KYC, that's the time it's rejected because it isn't allowed. 


Please note that I haven't tried this. But I was able to open my old abandoned account to try deleting it. I arrived at where you're confused at. Choosing either the "no longer want to use this account" or the merge option doesn't matter. It both allows you to delete the account with the warning that you should download your account statements and transaction history.

I guess this is all just for Binance's recording purposes. The merge option signifying you're deleting it because it was already merged with another account.

Is the "Combine Accounts" feature still available from your end? If it is, I think you should do that first before deleting your other account.

1. The account you're currently using will remain.
2. Surely, the balances will be combined in one account as well as your trading and transaction histories.
3. Since you can't pass KYC on two different accounts, you'll be requesting the merge from your KYCed account. The other account will be merged on that account.

Who told you that I need an answer to this question? Everyone knows such obvious things

Is this your assumption? Or is it a statement?

Well, it's obvious. Why do you repeat the same things?

I already said it in the post above.

If you tried to merge an account with another, it means that you had two accounts, the one to which the other account is merged and the one that is merging to the other account. It turns out that you had two binance accounts. And you say that it is impossible to own several accounts, so you are an example of how it is possible to own several binance accounts

Don't write here anymore, you're only causing confusion.

This is interesting and it has satisfied my curiosity that there is no much danger of cheating the exchange with multiple accounts unlike as it is with casinos.
So the exchanges that prohibit multiple accounting are being unnecessarily strict.
If I may ask, why do you own up to 4 accounts in the same exchange? Any special benefits?

Exchanges do also offer some kind of bonus, you know? And them allowing only one user to one account could also be a result of that bonus, or it could be to follow regulatory compliance.

If you are a trader, you might need more than one account for different trading purposes so that you can stay on track checking your trading activity. Some people have accounts dedicated only to spot trading, others to futures trading, and other forms of trading activities.

Okay, I have been using exchanges for years and I haven't benefited from any bonuses, airdrops or whatever. Maybe it is me that skips those ads and treats all of them with suspicion.

This is interesting. Many beautiful things are passing me in this industry. I am just a hodler, I haven't even tried futures before.

If binance discover that you are running more than one account, as this is a violation of the conditions of use, it may lead to Account Freezes, Permanent Bans, and the loss of access to deposits with these accounts.

As for what will happen in the case of Merge, the activity of one of the accounts (which has not completed KYC) will be deactivated and allow the use of the other account, so then withdraw any deposits before taking the step.

Then why was the account merging feature invented if using multiple binance accounts is prohibited? The function of merging accounts implies that there are two accounts: the first account to which the second account is merging and the second account which is merging to the first account

Do you even understand what nonsense you are talking? Withdrawals from a Binance account that has not passed KYC are not available by default

In the past, KYC was not mandatory and withdrawals could be made up to a limit of 2BTC or around $20k for level 0 users^[1]. This allowed someone to have more than one account without detection, even though the rules prohibited it. Besides HB's opinion which I think is reasonable (streamline user statistics into personal basis), the account merging feature may have been intended for users who created more than one account at the time and had unwithdrawn balances due to verification policies. We don't know what "trap" Binance planned with this.

1. https://bitcointalk.org/index.php?topic=2776379.msg29162162#msg29162162