How To Withdraw From ByBit? A Step-By-Step Guide

Bybit withdrawal options

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Bybit is legit and allows users to withdraw money. Bybit allows users to withdraw money to their bank accounts as cryptocurrencies and as internal transfers. You can simply withdraw your money to your wallets, bank, and other platforms via internal transfer. The withdrawal only takes 30 minutes; however, it may take longer.

How to withdraw funds from Bybit to your bank account

Step 1. Start by visiting the Bybit home page. There, you'll find an "Assets" button located in the top right-hand corner. Clicking on this will unveil a dropdown menu showcasing your digital assets. Select your Funding or Spot Account from this menu – this is the section where your digital funds overview is displayed.

Select account

Step 2. Direct attention to the specific currency column from which you aim to withdraw. Under this column, there's an option labeled "Withdraw." Click on it. An essential note: Withdrawals are exclusively conducted through the Funding or Spot Account. If your assets lie in a different account, click "Transfer" to move them to the correct location.

Initiate withdrawal

Step 3. Click on Fiat Withdrawal in the upper right corner.

Choose fiat withdrawal

Step 4. Input amount and select withdrawal method. If you have previously deposited fiat currencies to your account, Bybit will automatically link this account for withdrawals. If not, you will be able to add one account manually.

Fill-in withdrawal details

Step 5. Enter your email and Google Two-Factor verification codes, then click on Confirm. Ensure you have clicked on Send Verification Code to receive an email verification code. You will receive a push notification and email as soon as your withdrawal is complete.

Confirm withdrawal with 2FA codes

How to withdraw crypto from Bybit?

Step 1. Begin by visiting the Bybit homepage. At the top right corner, you'll notice the "Assets" option. Once you click on it, a dropdown menu will showcase your digital balances. From there, navigate your way to either the Funding or Spot Account. These accounts store your cryptocurrency assets, and their balances will be prominently displayed for easy access.

How to withdraw crypto from Bybit

Step 2. Your next move is to identify the specific cryptocurrency you wish to withdraw. Beneath each cryptocurrency column, there's a "Withdraw" option. Make sure you're selecting the correct cryptocurrency and account. Remember to transfer the funds to the appropriate Spot or Funding Account first if the desired funds are in a different account.

How to withdraw crypto from Bybit

Step 3. A form will now appear, prompting you to specify withdrawal details. This is where you'll choose the coin type, input the recipient's account details, and specify the withdrawal amount. Accuracy is paramount here.

How to withdraw crypto from Bybit

Step 4. Upon completing all necessary details, click "Submit". You'll be directed to a verification page. If you have yet to verify your email or mobile number, you must complete both the email and Google Authenticator verification processes.

Step 5. You'll be prompted to finalize your withdrawal after successful verification. Click on "Submit" one more time. Congratulations! Your crypto withdrawal request is now underway, and your assets will soon arrive at the specified destination. Safe trading and secure transfers are at the heart of Bybit's user experience.

How to withdraw crypto from Bybit

How to Withdraw money from Bybit without KYC

For users who still need to complete KYC procedures, there's a daily withdrawal cap of 20,000 USD. Here's how to withdraw without KYC:

Step 1. Start by heading to the Bybit homepage. Here, click on the "Assets" section and navigate to either the Funding or Spot Account, depending on where your funds are located.

Step 2. Once inside, scan through to find the currency column corresponding to the digital asset you intend to withdraw. Directly under this column, you'll find the "Withdraw" option. Click on it.

Step 3. Upon selecting the withdrawal option, a form will appear. Fill in the requisite details about your withdrawal, but be extra cautious not to exceed the daily limit of 20,000 USDT, especially if you haven’t completed the KYC verification.

Step 4. After ensuring all details are accurate, click the "Submit" button.

Step 5. A confirmation prompt will appear. Validate your withdrawal once more by selecting "Submit." A word of caution: Bybit holds the right to request KYC verification at any point during the withdrawal process, so it's wise always to have your documents ready for any eventuality. Safe and mindful trading is the key.

What is Bybit withdrawal time?

Once you've initiated a withdrawal request from ByBit, patience is key. ByBit prides itself on supporting instant withdrawals. Typically, the withdrawal takes 30 minutes to an hour to process. This timeline depends on the current network traffic and the blockchain's efficiency. On rare occasions, if the network is particularly congested, the waiting period might extend. Always plan your withdrawals, keeping a slight buffer time to account for these variances.