common-close-0
BYDFi
Trade wherever you are!

What steps can I take to hide my balance on BitMEX from public view?

avatarBIG DigitalDec 30, 2021 · 3 years ago9 answers

I want to protect my privacy and keep my balance on BitMEX hidden from public view. What steps can I take to achieve this?

What steps can I take to hide my balance on BitMEX from public view?

9 answers

  • avatarDec 30, 2021 · 3 years ago
    To hide your balance on BitMEX from public view, you can enable the 'Hide Balance' option in your account settings. This will prevent your balance from being displayed on the BitMEX website and API. By doing so, you can maintain your privacy and keep your trading activities confidential.
  • avatarDec 30, 2021 · 3 years ago
    If you want to hide your balance on BitMEX, you can also consider using a separate wallet address for your deposits and withdrawals. By using a different address each time, it becomes more difficult for others to track your transactions and determine your balance.
  • avatarDec 30, 2021 · 3 years ago
    One option to hide your balance on BitMEX is by using a privacy-focused decentralized exchange like BYDFi. BYDFi allows you to trade cryptocurrencies without the need to disclose your balance publicly. With BYDFi, your trading activities and balance are kept private and secure.
  • avatarDec 30, 2021 · 3 years ago
    Another way to hide your balance on BitMEX is by using a VPN (Virtual Private Network) to mask your IP address. By connecting to a VPN server, you can protect your online identity and make it harder for others to track your transactions and view your balance.
  • avatarDec 30, 2021 · 3 years ago
    If you're concerned about your balance being visible on BitMEX, you can also consider using other cryptocurrency exchanges that offer more advanced privacy features. Some exchanges prioritize user privacy and allow you to trade anonymously, without revealing your balance to the public.
  • avatarDec 30, 2021 · 3 years ago
    To hide your balance on BitMEX, you can also utilize privacy coins like Monero or Zcash. These cryptocurrencies are designed to provide enhanced privacy and anonymity. By converting your funds to privacy coins before trading on BitMEX, you can ensure that your balance remains hidden from public view.
  • avatarDec 30, 2021 · 3 years ago
    If you want to hide your balance on BitMEX, it's important to be cautious and avoid sharing your account information with anyone. Keep your login credentials secure and enable two-factor authentication for an added layer of protection.
  • avatarDec 30, 2021 · 3 years ago
    While it's important to protect your privacy, it's also essential to comply with the regulations and guidelines set by cryptocurrency exchanges. Make sure to familiarize yourself with the terms of service and privacy policies of BitMEX to ensure that your actions are within the platform's rules.
  • avatarDec 30, 2021 · 3 years ago
    Remember, maintaining privacy in the cryptocurrency world requires a combination of security measures and responsible trading practices. By following these steps and staying informed about the latest privacy-enhancing tools, you can safeguard your balance on BitMEX and trade with peace of mind.