In simple steps, this post explains how to delete your BitMEX account anytime and recommends the best alternatives to BitMEX if you want to continue trading cryptocurrencies.
What to do Before You Delete BitMex Account
Before you delete your BitMEX account, getting a few things out of the way is essential to reduce the risk of losing funds from this action. The following precautionary steps will ensure your account deletion process is smooth, hassle-free, and safe:
- Close all Pending Trades: In the BitMEX trading section, confirm if there are any open or pending trading positions before deleting your account. Cancel all open trades before deleting your BitMEX account to avoid potential losses.
- Withdraw Funds: Another important step is to withdraw all crypto and fiat assets in the account before deletion. Ensure your asset balance reads $0.00 before confirming the account deletion.
- Export data: This is also a valuable step, allowing you to back up/export transaction history, balance history, and other information for future reference.
Remember that deleting your BitMEX account is an irreversible action, and you will lose access to the account forever. Hence, prepare the account for deletion by considering the above-stated precautions.
Step-by-step Guide to Delete BitMEX Account
To delete your BitMEX account within a few minutes, follow the step-by-step guide below:
- If you have the BitMEX app downloaded on your device, log in to your account with your correct login details.
- Locate the navigation menu and scroll downwards, then click the More option at the bottom.
- Select Account and scroll down to the bottom of the page.
- Tap on Delete Account Permanently to send a deletion request. You must complete the verification prompts to confirm that you’re the one who wants to delete the account.
- If you do not have the BitMEX app, you can reach out to BitMEX Support on the official website and ask them to close your account.
Once your account deletion request is received and being processed, you’ll receive an email from BitMEX. You’ll also get a confirmation email from BitMEX when the process is completed.
Why Delete BitMEX Account?
BitMEX is one of the oldest crypto exchanges, with over 5 million users and top-class trading services. However, for several reasons, users may opt to part ways with the exchange. Here are some common reasons why people delete their BitMEX account.
- Migrating to a platform with better features or incentives.
- Privacy concerns, i.e., dissatisfaction with BitMEX security or fear of account breach.
- Unfavorable transaction fees and/or hidden charges.
- Regional restrictions and other legal issues.
- Abstaining from crypto trading completely.
Best Alternatives After You Delete BitMEX Account
Bitget
Established in 2018, Bitget is a prominent cryptocurrency exchange with state-of-the-art trading tools and an interface that is enticing to both beginner and professional traders. Bitget has advanced tools for spot, derivatives, p2p, and futures trading on the app or website. The platform also supports a wide range of trading assets, giving users access to newer and unpopular coins.
Blofin
With over 2 million users, Blofin is an emerging crypto exchange platform with bountiful incentives, especially for new members. The platform is committed to incorporating more people into the crypto community, providing them access to hundreds of trading pairs and even more crypto assets. Notably, Blofin does not mandate KYC verification before users can gain access to most, if not all, of its features. So, it is a great option for users looking to get into crypto without the stress that comes with the Know Your Customer procedure.
Bottom Line
With the steps highlighted above, you can delete your BitMEX account in the blink of an eye. Simply prepare your account by taking the stated precautionary measures, then delete it on the app or website. Also, you can select from the best alternatives to BitMEX if you still want to continue trading cryptocurrencies.
