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Binance

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South Africa

Cancellation service #1 in South Africa

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Termination letter drafted by a specialized lawyer
Sender
Binance Cancel Flexible Savings | Postclic
Binance
31 GORDON ROAD
7806 CAPE TOWN South Africa
support@binance.com
Cancellation of Binance contract
Dear Sir or Madam,

I hereby notify you of my decision to terminate the contract relating to the Binance service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.

Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.

This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.

In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.

I retain a complete copy of this notification as well as proof of sending.

to keep966649193710
Recipient
Binance
31 GORDON ROAD
7806 CAPE TOWN , South Africa
support@binance.com
REF/2025GRHS4

Important warning regarding service limitations

In the interest of transparency and prevention, it is essential to recall the inherent limitations of any dematerialized sending service, even when timestamped, tracked and certified. Guarantees relate to sending and technical proof, but never to the recipient's behavior, diligence or decisions.

Please note, Postclic cannot:

  • guarantee that the recipient receives, opens or becomes aware of your e-mail.
  • guarantee that the recipient processes, accepts or executes your request.
  • guarantee the accuracy or completeness of content written by the user.
  • guarantee the validity of an incorrect or outdated address.
  • prevent the recipient from contesting the legal scope of the mail.

Cancellation Binance: Easy Method

What is Binance

Overview

Binance is a global cryptocurrency exchange that lets users buy, sell and trade digital assets and use services such as spot trading, staking and savings products.

The platform operates in many countries, including a registered entity for South Africa, and uses transactional fees rather than subscription plans for core services.

Key characteristics

Binance provides wallet custody, trading engines, and fiat on/off-ramps that accept ZAR deposits and withdrawals for South African users.

Security features include two-factor authentication (2FA) and device/fingerprint protections, though user experiences on support and verification vary.

How to cancel Binance

Cancel in-app subscriptions (iOS)

  • Open iOS Settings → Apple ID → Subscriptions.
  • Select any Binance-related subscription and tap Cancel Subscription.
  • Note: This stops recurring billing only; your Binance account and funds stay active.
  • Source: Cancellation guide (iOS).

Cancel in-app subscriptions (Android) and web

  • Android: Open Google Play → Profile → Payments & subscriptions → Subscriptions → select Binance → Cancel Subscription.
  • Web/account: Log in to Binance → Profile → Settings → Account Status or Manage Subscription → follow prompts to cancel paid plans.
  • If you cannot find cancellation options on the site, contact Binance Support via live chat for assistance.
  • Source: Cancellation guide (Google Play & web).

What happens when you cancel

Access and account status

Cancelling an app-store subscription stops recurring charges but does not delete or close your Binance account.

Your trading account, balances and transaction history remain accessible until you withdraw funds and request account deactivation.

Renewals, data and obligations

Automatic renewals for subscriptions cease after cancellation; transaction fees and one-off charges are unaffected.

Binance retains account and transaction data per its policies; save any records you need before deactivation.

Will I get a refund?

General refund policy

There is no general 14-day cooling-off or automatic refund right that covers cryptocurrency trades on Binance in South Africa.

Refunds for completed trades or irreversible blockchain transfers are typically not available.

Exceptions and how to request

  • Exceptional refunds may be considered for duplicate deposits, technical errors, or unauthorised activity.
  • Such claims require prompt submission with supporting evidence (TXIDs, screenshots, timestamps).
  • Reference: regional cancellation/refund guidance and examples noted in public guides.
  • Source: Refund guidance (examples).

Binance plans and pricing

Pricing summary

Binance South Africa fees are transactional rather than subscription-based. Typical fees include spot trading fees, instant buy/sell fees, and ZAR deposit/withdrawal fees.

Always check your account fee schedule in the app or website for the most current rates.

Fee notes

Discounts may apply when paying trading fees with Binance Coin (BNB).

Credit card instant buys typically carry higher processing fees than EFT deposits.

Plan Price 期間 Features
Spot Trading Fee 0.1% per trade (0.075% if paid with BNB) Per trade Discount if using Binance Coin (BNB) to pay fees
Instant Buy/Sell Fee 0.5% Per transaction For instant buy/sell operations
ZAR Deposit Fee (EFT) R0 Per deposit No fee via EFT
ZAR Withdrawal Fee R7.50 Per withdrawal Flat fee for fiat withdrawal in ZAR
Credit Card Buy Processing Fee 3% Per transaction Only when buying instantly via credit card

Your consumer rights in South Africa

Legal context

South African consumer law does not provide a statutory 14-day cooling-off period specifically for crypto trading platforms.

Refund eligibility is therefore primarily governed by Binance’s internal policies and the platform’s user agreements.

Practical rights and actions

  • Keep full records of transactions (TXIDs), deposits, withdrawals and communications with support.
  • Submit disputes promptly and include evidence to increase chances of exceptional refunds.
  • Consider seeking independent legal or financial advice if large sums are affected.

Customer experiences

Positive feedback

Some South African users report Binance is easy for beginners, fast for exchanges/transfers and offers solid security options like 2FA.

Reviewer ratings highlight ease of use and perceived value for money on marketplace review sites.

Negative feedback

Documentation checklist

Essential transaction records

  • Transaction IDs (TXIDs) for deposits and withdrawals.
  • Screenshots of transactions, balances and error messages.
  • Dates, times and amounts for all relevant activity.

Communications and identity proof

  • Copies of messages with Binance Support (chat transcripts, ticket numbers).
  • Identity verification documents used on the account (IDs, selfies) and submission timestamps.
  • Bank statements showing ZAR transfers where applicable.

Common mistakes

Assuming subscription cancellation closes the account

Many users cancel app-store subscriptions but assume their Binance account is deleted; this is incorrect.

Always withdraw funds and request account deactivation separately to fully stop platform access.

Missing or late evidence for refunds

Waiting too long to report duplicate deposits or errors reduces chances of a successful refund request.

Always collect TXIDs, timestamps and screenshots immediately and contact support without delay.

Comparative recap

Quick comparison

The table below summarises cancellation, refunds and price characteristics for Binance in South Africa.

Use this to decide next steps and what to prepare before cancelling or deactivating an account.

Aspect Binance (South Africa) Notes 期間
Cancellation of subscription Cancel via Apple/Google or account Settings Stops billing only; account remains active Immediate
Account closure Requires withdrawal of funds + formal deactivation May need support assistance for unresolved issues Varies
Refunds No automatic 14-day refunds for trades Only exceptional cases (duplicates, errors, unauthorised) Case-by-case
Fees Transactional fees (trades, deposits, withdrawals) Spot trading 0.1% typical; ZAR EFT deposits often free Per transaction

After cancelling

Practical next steps

  • Withdraw all ZAR and crypto funds to your bank or a personal wallet before deactivation.
  • Request formal account deactivation via Binance settings or support if you want the account removed.

Helpful links and where to get help

Address

Registered office

Binance RSA registered address: 31 GORDON ROAD, HOUT BAY, CAPE TOWN, WESTERN CAPE, 7806.

Notes about contacting

When contacting support or citing the address, include your account identifiers and ticket numbers to speed processing.

Keep copies of all correspondence and transaction evidence when pursuing disputes or refunds.

FAQ

To cancel your Binance flexible savings subscription, open your account settings on the Binance app or website, navigate to the subscription management section, and follow the prompts to cancel. Ensure you keep proof of your cancellation request.

When you cancel your Binance subscription, it stops recurring charges but does not delete your account. Your trading account, balances, and transaction history will remain accessible until you withdraw your funds and request account deactivation.

Generally, Binance does not offer automatic refunds for trades or services. Refunds may only be considered in exceptional cases, such as technical errors or unauthorized transactions, and require prompt submission of evidence.

If your Binance withdrawal is still processing, you cannot cancel it directly. However, you can contact Binance Support via live chat for assistance with your request. Always keep a record of your communication.

There are no specific cancellation fees for Binance services, but be aware of any transactional fees that may apply to trades or withdrawals. Always check the fee schedule in your account for the most current rates.