This article provides a fast and straightforward guide to deleting your Bybit account whenever you want to and proffers the best alternatives to the Bybit exchange.
What to Do Before You Delete Bybit Account
Before deleting your Bybit account, you must take a few precautions to prevent fund loss and ensure its complete deletion. Below are the top things to do before you go through the steps of deleting your Bybit account:
- Withdraw Funds: You must withdraw all assets in your spot, derivatives, or futures account on Bybit, as account deletion is permanent and irreversible. To withdraw your crypto on Bybit, tap Asset, select the crypto, and then Withdraw. Input the recipient’s address and confirm the withdrawal.
- Remove Debit/Credit Cards: For security reasons, you can remove all debit/credit cards linked with the Bybit account. Navigate to the Payment Method page and “Remove Card” to confirm.
- Backup Data: You can also back up important dates, such as your transaction history, login, and KYC credentials, in case you want to open a new account or keep track of your activities in the near future.
Step-by-step Guide to Delete Bybit Account.
Once you have concluded that you no longer need your Bybit account and must delete it, follow the steps below to get it done:
- Log in to your Bybit account; if you have multiple accounts, select and enter login details for the exact one you want to delete.
- Click the Profile section (represented by a portrait), which is usually located in the top left corner of your mobile device or the top right corner of the desktop view.
- On your Profile page, click the Account icon to open the list of account settings. Select Account Info and scroll down to Account Activities.
- Next, click Deactivate an Account and wait for the prompt to proceed.
- Next, read all available instructions and check the box attached to the note that reads I have read and understood the above section to confirm account deletion.
Within 1-3 minutes, Bybit will send a confirmation email, and the account and all subaccounts under it will be permanently restricted. Also, all credentials used to create the account will not be accepted by Bybit to create another account on the exchange.
Why Delete a Bybit Account
There are many reasons why users opt for permanent account deactivation, ranging from changes in personal taste, security breaches, search for cheaper options, and many more. Here are some common reasons why users may choose to delete their Bybit accounts:
- Switching to a better platform.
- Security concerns and feat of breach.
- Inactivity for long periods.
- Unfavorable fees.
- Country or regional restrictions.
Best Alternatives After You Delete Bybit Account
BloFin
Established in 2019, BloFin is an emerging cryptocurrency trading platform that prioritizes secure, safe, and efficient trading. The platform boasts of housing over 2 million users and about 400 different crypto tokens. BloFin offers advanced trading and risk-management tools and a user-friendly interface, making it ideal for both beginners and professional crypto traders.
Bitget
Bitget is a popular crypto exchange, providing over 8 million users access to up to 900 crypto assets for spot and futures trading. The exchange was created in 2018 by Sandra Lou, and it has a native token known as BGB. Bitget is known for its robust features, including P2P, asset conversion, and copy trading features, which allow users to replicate the trades of pro traders.
Conclusion
If you are facing one or more of the above-stated challenges of Bybit accounts, follow the steps to delete your account and rid yourself of the worries! Also, you can open a new account on the best alternatives, BloFin and Bitget, to continue trading with your initial credentials.
