Several underlying issues may prompt you to look for ways to delete your LBank account. You’re in the right place if that’s what you want, as this article teaches you how to do so and suggests the best alternatives if you want to keep trading cryptocurrencies.
What to Do Before You Delete LBank Account
The rush of parting ways with the LBank exchange may cause you to forget that doing this is irreversible. Hence, you must prepare the account properly before you hit the delete button. Below are vital things to do before you delete your LBank account:
- Close all active trades: The first step to take once you decide to part ways with LBank is to close all trades you currently have open. This way, you’ll get to secure your funds and avoid unnecessary losses.
- Withdraw Funds: After closing all pending trades, you should move all your assets to an external wallet or bank. Go to Assets, click withdraw, and enter the wallet address or bank details.
- Back up/Export data: Before you delete LBank accounts, it is also essential to download your data on the platform. Backed-up data can help with security, tax references, and more in the future.
How to Delete LBank Account
After you’ve ensured that all these pre-deletion stages are properly met, you can then go ahead and drop LBank like a hot potato. Below are the steps to take to delete your LBank account:
- Login to the account you want to cut ties with using its credentials.
- Click on the Profile Icon on the top right corner of your desktop or the top left corner of your mobile app.
- Click on “Security” from the list of options that pop up. Scroll down to locate and click on the “Close account” option.
- LBank will prompt a message option to either freeze or permanently delete your account. Choose Delete Account to proceed.
- You will need to complete a set of verification prompts to assure LBank that you are indeed the owner of the account that’s about to be deleted.
You’ll get a no-reply email from LBank in your inbox within a few minutes of confirming you want to delete your account. Once you find this mail in your inbox, know the account deletion was successful. Also, keep in mind that LBank will not let you use the credentials from the deleted account again on the platform.
Why Delete LBank Account?
Despite LBank being a user-friendly platform, your relationship with the exchange may be on the rocks. To mention a few, some of the reasons why you may consider deleting your LBank account include the following:
- Moving to a platform with a better user-friendly interface and features.
- You may feel your account has been compromised or is at risk of severe security concerns.
- The transaction or withdrawal fees may be too high compared to other platforms.
- Consistently poor customer support experiences.
- Changes in local regulations or compliance requirements may make using the platform challenging.
- Inactive account.
Best Alternatives After You Delete LBank Account
Bitunix
Bitunix is a viable alternative to LBank, with a user-friendly design, affordable fees, and a wide range of over 300 cryptocurrencies. It offers spot and futures trading, providing flexibility for various trading methods with no KYC. Furthermore, the trading platform launched by Arron Lee in 2022 has strong security measures and 24-hour customer service, making it a dependable option for traders looking for a new platform.
Blofin
Blofin is a safe and versatile cryptocurrency exchange suitable for both new and experienced traders. It covers over 385 trade pairs and provides high-leverage futures trading up to 150 times. A noteworthy feature is its no-KYC option, which allows withdrawals of up to $20,000 daily without requiring identification verification. This feature, among many others, makes it a convenient option for traders leaving LBank.
Bottom Line
Deleting your Lbank account is a bold step, regardless of your reasons. Hence, properly prepare by doing all we’ve discussed in this article to ace a smooth deletion. Also, check out the other alternative platforms to continue your trading journey.
