Founded in 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, reaching millions of users in a short time. However, if you no longer want to use Bybit or simply don’t need an account anymore, you might want to close it.
This article will provide a comprehensive step-by-step guide on securely deleting your Bybit account.
What you need to do before closing a Bybit account
Before deleting your account on the Bybit exchange, you should ensure that you do not have any balance left on the platform or have any pending open transactions. If you have a balance on the Bybit exchange, you should transfer this balance to your hardware wallet like Ledger or software wallet like Metamask.
If you continue using another exchange other than Bybit, we recommend Binance. It is known as one of the best cryptocurrency exchanges, giving importance to user security and supporting many coins in the spot/futures.
Before closing your account on the Bybit exchange, contact customer support and create a support ticket for your pending transactions. Do not leave any unresolved issues behind you, as you will cut off all ties with the exchange.
Open orders may not be filled when trading on exchanges, and these incomplete orders may not appear in your balance. Make sure your open orders are also closed.
How to delete a Bybit account?
You will learn how to close your Bybit account in the steps below. Once you close your account, you cannot reaccess your Bybit account; it will be closed permanently. So make sure your account balance is zero and you don’t have any pending support tickets / open transactions.
Step 1: Log in to your Bybit account
Login to your Bybit account with a desktop browser of your choice or use the iOS or Android application.
Step 2: Go to Account and Security Page from Your Profile
Go to your profile tab, indicated by the white arrow in the image below, and click ‘’Account & Security’’.
Step 3: Scroll down and click “Deactivate an Account”
Scroll down to the end of the page and click on the tab ”Deactivate an Account”, indicated by the arrow in the image below.
Step 4: Click the “Deactivate This Account” tab
When you click “Deactivate an Account,” the page in the picture below will open. There are three options under the heading ”Account has been disabled due to:”. You will tick ”I no longer wish to continue using this account on Bybit” from these options. Or you can give your feedback by selecting the “Other” option.
Step 4: Confirm Deactivate Your Account
When you click on the “Deactivate This Account” option, the confirmation tab shown in the picture below will open. By clicking the “Confirm” button, you will have permanently closed your Bybit account. If you want to reactivate your Bybit account, you must send an e-mail to Bybit customer service.
The bottom line: Make sure to withdraw your funds before closing the account
You can easily delete your Bybit account with the steps in this detailed guide we have prepared for you. Remember to clear any pending transactions, withdraw your funds, and cancel open orders before initiating the account deletion. Also, make sure that you do not have a pending transaction in Bybit customer service. In this way, you can safely close your Bybit account.
If you don’t want to store your crypto on an exchange due to security concerns, then using a cryptocurrency hardware wallet will be the best solution. Check our comparison of Ledger Nano X vs. S Plus to see which cold storage solution might be best for you.
Source: https://coincodex.com/article/27904/delete-bybit-account/