bybit how to withdraw fiat

Bybit allows users to conveniently withdraw their digital asset profits in fiat currency, with processing times varying based on the chosen withdrawal method and banking protocols.

Oct 25, 2024 at 03:11 am

How to Withdraw Fiat from Bybit

Bybit is a popular cryptocurrency exchange that allows users to buy, sell, and trade digital assets. The platform also supports fiat currency withdrawals, so you can easily cash out your crypto profits.

Here's a step-by-step guide on how to withdraw fiat from Bybit:

1. Sign in to Your Bybit Account

Visit the Bybit website and sign in to your account.

2. Go to the Withdraw Page

Hover over the "Assets" tab and click on "Withdraw".

3. Select Fiat

In the "Currency" dropdown menu, select the fiat currency you want to withdraw (e.g., USD, EUR, GBP).

4. Enter the Withdrawal Amount

Enter the amount of fiat currency you want to withdraw in the "Amount" field.

5. Select a Withdrawal Method

In the "Network" dropdown menu, select the withdrawal method you want to use (e.g., Wire Transfer, Visa/Mastercard, PayPal).

6. Enter Your Withdrawal Address

Depending on the withdrawal method you selected, you will need to provide your bank account details, credit/debit card number, or PayPal email address.

7. Verify and Confirm

Carefully review the withdrawal details and click on the "Submit" button. You may be required to enter a verification code sent to your email or mobile phone.

8. Track Your Withdrawal

Once your withdrawal is processed, you can track its status in the "My Withdrawals" section of your Bybit account.

Processing Times

Fiat withdrawals from Bybit typically take 1-3 business days to process. However, the exact processing time may vary depending on the withdrawal method you selected and your bank's processing time.

Fees

Bybit charges a small fee for fiat withdrawals. The fee varies depending on the withdrawal method and the amount you are withdrawing. You can view the current fees in the "Withdraw" section of your Bybit account.

Additional Notes

• You must complete the Bybit KYC (Know Your Customer) verification process before you can withdraw fiat currency.
• The minimum withdrawal amount for fiat is 50 USDT equivalent.
• Daily withdrawal limits apply, and they may vary depending on your account level and verification status.
• Bybit supports fiat withdrawals to over 150 countries.