bybit daily withdrawal limit

Bybit enforces daily withdrawal limits based on user verification tier, with Tier 1 (unverified) limited to 2 BTC, Tier 2 (verified basic) to 50 BTC, and Tier 3 (verified plus) to 100 BTC.

Nov 04, 2024 at 10:32 am

Bybit Daily Withdrawal Limit: A Comprehensive Guide

1. Understanding Bybit's Withdrawal Limits

Bybit, a reputable cryptocurrency exchange, enforces daily withdrawal limits to protect users' funds and ensure compliance with regulatory standards. These limits vary depending on the withdrawal method and the user's verification level.

2. Tier-Based Withdrawal Limits

Bybit categorizes users into three tiers based on their account verification status:

• Tier 1 (Unverified):

  • Daily withdrawal limit: 2 BTC

• Tier 2 (Verified Basic):

  • Daily withdrawal limit: 50 BTC

• Tier 3 (Verified Plus):

  • Daily withdrawal limit: 100 BTC

3. Withdrawal Methods and Limits

Bybit offers various withdrawal methods, each with its corresponding daily limit:

• Spot Wallet to External Wallet:

  • Cryptocurrency: Tier-dependent limit
  • Fiat currency (via bank transfer or third-party providers): Tier-dependent limit

• P2P Wallet to External Wallet:

  • Tier-dependent limit

4. Increasing Withdrawal Limits

To increase the daily withdrawal limit, users must enhance their account verification level by completing the following steps:

1. Log into Bybit and click on "Profile" in the top right corner.
2. Select "Account and Security."
3. Click on "Verification" and follow the instructions to complete the basic or plus verification process.

5. Exceeding Withdrawal Limits

If a user attempts to withdraw an amount exceeding the daily limit, the withdrawal will be rejected. To withdraw the remaining funds, the user must wait until the next day when the limit resets.

6. Important Considerations

• Withdrawal limits may temporarily change during periods of high market volatility or system upgrades.
• Bybit reserves the right to review and adjust withdrawal limits at its discretion for security purposes.
• Users are advised to plan their withdrawals carefully to avoid any delays or inconveniences.