Binds on equip?

Once you personalize something, its bound to you forever. You can't get rid of it.

You can, however, potentially retrieve the enchant itself by burning the item.

Although then it falls on to whether the enchant itself is personalized.

But we're not talking about destroying the item are we?

This is talking about the item itself for the most part.

I just wanted to make it clear that this does not necessarily apply to the enchant as well.