Can or should you close and reopen binance account?

[pornluver]

Is it possible to reopen binance account after you close it?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

[1714647626]

1714647626

[batang_bitcoin]

Is it possible to reopen binance account after you close it?

What do you mean by being closed? It was banned or logged out or you deactivated or what type of close?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

Just don't think of evading your taxes. It seems that there have been a lot of threads that are asking the forum members about how to avoid paying taxes from their crypto profits.

[Dunamisx]

Is it possible to reopen binance account after you close it?

No, you cannot close an account once opened, even if you try to, the information's you have already supplied to the centralized exchange are on their system server, such cannot be erased, if they are forced by the government to release any of those users information's, you're not safe, the better way to be safe is in avoiding their use and consider a decentralized one or a non custodial storage.

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

You can in such case log out after a session of your activity on it, or possibly hide your binance app on apps that can perform such function.

You can move this discussion to exchanges.

[Oshosondy]

Is it possible to reopen binance account after you close it?

Yes. But know that information you shared before is not deleted for many years on the exchange even if you delete your account.

No, you cannot close an account once opened

I have deleted my Binance account before and reopened another one. Although that was in 2021.

[Findingnemo]

Is it possible to reopen binance account after you close it?

You can delete your Binance account but once you delete it, its not possible to open an account with your ID again, which is clearly mentioned in their FAQs page.

You can delete your Binance account on the Binance website or app. Please note that account deletion is irreversible. Once your account is deleted, you won’t be able to access it or view any transaction history or data.

How to Delete My Binance Account?

Do you think that evading taxes is that easy? 

[mahaveer96]

Yeah, reopening a closed Binance account could be an option, but dodging tax responsibilities it's another thing. It's best to handle taxes straight up rather than trying to sidestep them.

[kentrolla]

There is no way to evade tax as Binance is the centralized exchanges and all the info would be saved and even if you close and reopen account then KYC will play a role wherein they can still have your old transaction details and this will put you into unwanted run in with law. It's really difficult when government starts taxing we cannot avoid it for an extended period of time.

[leonair]

Is it possible to reopen binance account after you close it?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

I have experience to create account again using the same email after deleting Binance account permanently but I have done it long time ago but I don't know if this facility is active now.  After permanently deleting the account, if you create the account again with the same email, all the previous deposits, withdrawals, trading transactions of the account will be deleted. And the deposit wallets also get changed

[Upgrade00]

If you are in a country where all income is taxes, you will be required to submit information on all funds you receive when filling your tax report. Whether or not Binance requires it, or you trade P2P through a friend, you should keep a record of the transactions for when you're filing your tax.

[avikz]

Is it possible to reopen binance account after you close it?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

Once a transaction is recorded in any centralised exchange, it is provided to the tax authorities. It's really doesn't matter whether you close the account or not. In any financial year, the information goes to the tax authority done through all accounts.

Also it's not about forcing. Whenever you open an account with any centralised exchange, you provide your KYC data to them. That is a bare minimum requirement. So there is no way to prevent the information sharing.

[Franctoshi]

Is it possible to reopen binance account after you close it?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

This doesn't change the fact that your data will no longer be with them, even if you have deactivated or deleted your account with Binance. Somehow your details are still with them Because I think I have had a situation where I registered an account on a particular platform and I deleted it, but later tried to register with the same details again and the system said the details were already registered meaning, the details, or the account is not permanently deleted.

[electronicash]

close or not, if the authorities request access to all accounts from your countries, the authorities will get those info because binance complies with the laws.

remember that the transactions are on the blockchain, iff they are to audit the blockchain and your transactions are there, then they also need to uncover who owns those account lol there is no point closing and opening if its even possible.

[hugeblack]

Is it possible to reopen binance account after you close it?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

I have had an account with Binance since 2018 and stopped using it after Binance requested identity verification. Several months ago, I logged into that account and was still able to review my past records, so unless your account is banned, I assume you can access that data.
Note that Binance keeps a copy of all data and they may have shared it with third parties at some point.

[Darker45]

It seems you're asking the same question over and over again. You've opened a similar thread more than a month ago. You didn't even care to respond to the replies. A month prior to that, you also opened a more or less similar thread.

Have you not found a satisfying answer to this question yet? If so, you could have just bumped your existing thread rather than open a new discussion of an already-discussed topic.

Anyway, after all the answers given, I guess the only way for you to find out is to try it yourself.

[Apocollapse]

@OP even you can create a new account, it doesn't mean Binance didn't store the data from your old accounts.

Probably you need to wait until Binance bankrupt and closed, so your tax authority might not able to find your history and you can use your fake story.

It seems you're asking the same question over and over again. You've opened a similar thread more than a month ago. You didn't even care to respond to the replies. A month prior to that, you also opened a more or less similar thread.

It seems he's so desperate and only want hear the answer to solve his issue, but unfortunately there's no solution and he need to face it, what he can is play hide and seek until the tax authority force him.

[tabas]

Closing and reopening binance account will prevent him from doing so.

But how? Tell us the magic that you guys have found by doing this? It is not recommended to this trick and all you have to do is to comply with taxation that's being ruled in your country. Here is the scenario, you might have closed your account and requested Binance for it. There goes Binance, granting you with that. And you come back for the second time around as it's already deleted. You have created a new account and you pass onto their KYC process again, isn't that too hassle to do? Now, the problem might get on you when their system notices you that you've been on and off and why is that. I think there will be some additional questions that you'll need to answer on them when they ask you why you're like this which might cause you more trouble to face.

[hugeblack]

It seems you're asking the same question over and over again. You've opened a similar thread more than a month ago. You didn't even care to respond to the replies. A month prior to that, you also opened a more or less similar thread.

Added to my ignore list.
Such behavior is expected from a newbie account, not a hero.

This user has created more than 304 topics compared to 960 Posts.

[logfiles]

It seems you're asking the same question over and over again. You've opened a similar thread more than a month ago. You didn't even care to respond to the replies. A month prior to that, you also opened a more or less similar thread.

Have you not found a satisfying answer to this question yet? If so, you could have just bumped your existing thread rather than open a new discussion of an already-discussed topic.

Thank you!

I remembered a similar question, and now it makes sense.

In fact this is the third topic he has created regarding the closing and reopening accounts, the first was on 25th January 2024 - https://bitcointalk.org/index.php?topic=5482910.msg63555827#msg63555827
I am not sure why he is so focused on evading taxes.

Anyway, after all the answers given, I guess the only way for you to find out is to try it yourself.

If he did not read responses in the other threads, then it's quite clear he might not read the responses here too.

[EarnOnVictor]

Is it possible to reopen binance account after you close it?

The reason I ask is people may be forced to reveal their whole transactions to tax authority. Closing and reopening binance account will prevent him from doing so.

I remember vividly that I answered a question like this year, I don't know why it is now common for tax reasons. People should pay their taxes. One thing that keeps ringing in my head is whether the people who want to close and reopen accounts think Binance or any other centralised exchanges they want to do this with are foolish. First, just because you closed your account doesn't mean they do not have your log files and transaction history. If you reopen the account, maybe it will not show immediately/automatically (I've not experienced it before, but I am sure that the Binance system will detect it).

But when it warrants questioning and the investigation is on, there is no way this will not be unveiled. This is unless you are opening the account with a different name and identity. If not, do not just cause issues for yourself. Mind you, as I write, do you think the incidence is not happening already where the exchange would know that people are doing such for that purpose? This is a tax evasion reason that both Binance and your country's government would frown at. Meaning it is illegal, so why try to do illegal things? You should learn from those caught in the past and are severely punished. If you earn, please pay truthfully to your country, that's my advice.