bybit how to withdraw to bank account

To withdraw funds to a bank account from Bybit, start by verifying your identity through KYC and enabling the Fiat Withdrawal Service.

Nov 11, 2024 at 03:34 pm

How to Withdraw Funds from Bybit to a Bank Account

1. Verify Your Identity
Before withdrawing funds, you must verify your identity on Bybit. This includes completing the Know Your Customer (KYC) process and providing proof of residence and identification. To do this:

• Log in to your Bybit account.
• Click on your profile avatar in the top right corner.
• Select "Verification."
• Complete the KYC verification process by submitting the required documents.

2. Enable Fiat Withdrawal Service

• On the "Verification" page, click on the "Fiats" tab.
• Enable the "Fiat Withdrawal Service" by clicking on the toggle switch.

3. Add a Bank Account

• Click on "Bank Card/Account."
• Select "Add Bank Account."
• Enter your bank account details and click on "Add."
• Verify your bank account by following the instructions provided.

4. Initiate a Withdrawal

• Log in to your Bybit account.
• Click on "Assets" in the top menu.
• Select "Fiat" from the left sidebar.
• Click on "Withdrawal" at the bottom of the page.
• Enter the amount you want to withdraw.
• Select the verified bank account where you want to receive the funds.
• Click on "Submit" and confirm the withdrawal.

5. Withdrawal Processing

• Withdrawals are processed manually by Bybit.
• The processing time typically takes 1-2 business days.
• Once the withdrawal is processed, you will receive the funds in your bank account within 2-5 business days.

6. Withdrawal Fees

• Bybit charges a withdrawal fee of 0.5% for bank account withdrawals.
• The minimum withdrawal amount is the equivalent of 50 USDT.
• The maximum withdrawal amount per day is the equivalent of 50,000 USDT.

Tips:

• Ensure that you have sufficient USDT or other supported fiat currencies in your Bybit account.
• Double-check your bank account details before submitting the withdrawal request.
• Allow ample time for the withdrawal processing.
• Contact Bybit customer support if you encounter any issues during the withdrawal process.