How To Delete Bybit Account

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To delete a Bybit account, log in to your account, open the account settings, and select the account deletion option. Before submitting the request, make sure you have withdrawn any remaining assets and closed open positions. You will also need to complete the required security verification steps. Once the deletion is confirmed, access to the account cannot typically be restored.

Bybit is one of the world's largest cryptocurrency exchanges, offering access to spot trading, derivatives, staking, and other digital asset services. The platform supports hundreds of cryptocurrencies and serves users across numerous markets worldwide.

If you no longer plan to use Bybit, deleting your account is a relatively straightforward process. This guide explains how to close a Bybit account, what requirements must be met before submitting a deletion request, and what happens after the account is removed.

How to delete a Bybit account. Step-by-step instructions

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Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution. Bybit is regulated by the AFSA (Astana Financial Services Authority - Kazakhstan), holds a preliminary license from the VARA (Virtual Assets Regulatory Authority - Dubai) and secures MiCAR (Markets in Crypto-Assets Regulation) license from Austria’s Financial Market Authority (FMA).

Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors. The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.

To delete your Bybit account, you no longer need to contact customer support by email. The exchange now allows eligible users to submit an account deletion request directly through the platform.

Follow these steps:

Log in to your Bybit account.
Navigate to Account & Security settings.
Select the Delete Account option.

Delete Account

Review the information and ensure your account meets the deletion requirements.

Review the information

Complete the required security verification.

Security verification

Confirm the deletion request.

Before deleting your account, make sure that all funds have been withdrawn, open positions have been closed, and any pending transactions have been completed. If your account does not meet the eligibility requirements, Bybit may ask you to resolve outstanding issues before proceeding with the deletion request.

How to delete a Bybit account on a phone

The process is similar on the Bybit mobile app. After logging in, navigate to your account settings, select the account deletion option, complete the required security verification, and confirm your request.

Before proceeding, make sure that all assets have been withdrawn and that there are no open positions or pending transactions associated with the account.

How long does it take to delete a Bybit account?

Submitting an account deletion request typically takes only a few minutes. However, the account must meet Bybit's eligibility requirements before the request can be processed.

If there are unresolved issues, such as remaining assets, open positions, or pending transactions, you may need to address them before the account can be deleted.

Data retention after account deletion

Deleting a Bybit account removes access to the account and associated services. However, certain information may be retained for legal, regulatory, compliance, or record-keeping purposes, as required by applicable laws and regulations.

The exact retention period may vary depending on the type of information and the jurisdiction in which the account was opened.

Can I create a new Bybit account after deleting the old one?

In many cases, users can register a new Bybit account after deleting a previous one. However, eligibility may depend on factors such as account verification status, promotional restrictions, and the exchange's current policies.

Before opening a new account, it is advisable to review Bybit's latest terms and conditions to ensure compliance with its account registration requirements

Withdrawing funds before account deletion

Before deleting a Bybit account, users should withdraw any remaining assets. Account deletion requests may not be processed if there are funds, open positions, or pending transactions associated with the account.

Bybit supports several withdrawal methods, depending on the user's region and the assets held. Cryptocurrency can typically be transferred to an external wallet, while some users may also have access to fiat withdrawal options through supported payment providers.

To avoid delays, it is advisable to verify that all balances have been withdrawn and that no account activity remains before submitting an account deletion request.

Download your records before deleting your account

In my experience, traders often focus on withdrawing their funds before deleting an exchange account but overlook the importance of keeping a record of their activity. Before closing a Bybit account, it is worth downloading transaction history, trade reports, and any documents that may be needed for future tax reporting or account verification purposes.

It is also a good idea to review active API connections, open orders, and security settings before submitting a deletion request. Taking a few extra minutes to prepare can make the process smoother and help avoid unnecessary complications later.

Conclusion

Deleting a Bybit account is now a relatively simple process that can be completed directly through the platform. Before submitting a deletion request, users should withdraw any remaining assets, close open positions, and ensure there are no pending transactions associated with the account.

Since account deletion is generally permanent, it is also advisable to save important account records and review any connected services beforehand. Taking these steps can help ensure a smooth and secure account closure process.

FAQs

Can I temporarily deactivate my Bybit account instead of deleting it?

Yes. Bybit offers account deactivation options that may be suitable for users who want to stop using the platform without permanently deleting their account.

What happens to open positions when deleting a Bybit account?

Open positions and pending orders should be closed before submitting an account deletion request. Accounts that do not meet the deletion requirements may not be eligible for closure.

Can I recover a deleted Bybit account?

Account deletion is generally intended to be permanent. Users should review the latest Bybit policies before proceeding, as access to deleted accounts may not be restored.

Do I need to complete identity verification to delete my account?

Depending on your account status and security settings, Bybit may require additional verification steps before processing an account deletion request.

Team that worked on the article

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.

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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK.

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