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There are several reasons why you may want to delete your Bybit account. Perhaps you are no longer interested in cryptocurrency and want to close all your accounts linked to it. Or you are not happy with the high fees that Bybit charges and want to switch to another platform.
Either way, this guide will help you remove your Bybit account, including all associated data and transactions.
How do I permanently delete my Bybit account?
If you are sure you want to delete your Bybit account, you can follow the steps below. Please note that this action is irreversible and will permanently delete all data associated with your account, including transaction history, wallet balance and any associated bank accounts or credit cards. So, how to delete Bybit account? The actions are as follows:
- Visit the Bybit website and log into your account.
- Click on the ‘Settings’ link in the top navigation bar.
- Under “Account”, click “Close account”.
- Click on the “Close my Bybit account” button.
- Enter your password and click on “Confirm”.
What happens with yor funds when you delete your account?
When you delete your Bybit account, your funds are not immediately available. Instead, they are placed on hold for 30 days. After that, your funds are permanently inaccessible. This means that you will not be able to retrieve your funds after deleting your Bybit account, even if you create a new account with the same email address.
If you have outstanding orders or transfers at the time of deleting your Bybit account, they will be cancelled and the funds will be returned to your wallet. If you have connected bank accounts or credit cards, these will be disabled and you will no longer be able to use them to buy or sell cryptocurrencies on Bybit.
Is Bybit safe?
Bybit is one of the most popular cryptocurrency exchanges, and for good reason. It is easy to use, has an excellent reputation and takes security seriously. They have implemented many layers of security, including two-factor authentication, a ban on withdrawals from new accounts and many other measures.
Bybit also keeps most of its customers’ funds in cold storage, which means that they are not stored on servers and are therefore much less vulnerable to hacking. Overall, Bybit is a very secure exchange compared to competitors such as FTX or Binance.
Deleting Bybit account is an irreversible step, so make sure you are absolutely sure before you do it. Make sure you withdraw all funds or cancel any orders that were outstanding when you decided to delete your account. Once you delete your Bybit account, you will no longer be able to access those funds.