how much is bybit withdrawal fee

Bybit's withdrawal fees vary by cryptocurrency and withdrawal method, ranging from free for off-chain withdrawals to 0.002 BNB for on-chain withdrawals.

Oct 25, 2024 at 02:00 pm

Bybit Withdrawal Fees

1. Overview

Bybit is a reputable cryptocurrency exchange that supports trading in a wide range of digital assets. Like all exchanges, Bybit charges fees for withdrawals. These fees vary depending on the specific cryptocurrency being withdrawn and the withdrawal method chosen.

2. Withdrawal Fees by Cryptocurrency

The following table lists the withdrawal fees for each cryptocurrency supported by Bybit:

Cryptocurrency	Withdrawal Fee
Bitcoin (BTC)	0.0005 BTC
Ethereum (ETH)	0.0004 ETH
Tether (USDT)	3 USDT (ERC-20) / 0.3 USDT (BEP-20)
Binance Coin (BNB)	0.002 BNB
Litecoin (LTC)	0.001 LTC
XRP	0.25 XRP
SOL	0.01 SOL
ADA	0.2 ADA
DOGE	2 DOGE
SHIB	0.01 SHIB

3. Withdrawal Fees by Method

Bybit offers two withdrawal methods:

• On-chain withdrawal: This method involves sending the funds directly from Bybit to an external wallet using the blockchain network. The withdrawal fee for on-chain withdrawals is listed in the table above.
• Off-chain withdrawal: This method involves withdrawing the funds to another Bybit account. Off-chain withdrawals are free of charge.

4. Minimum Withdrawal Amounts

Bybit has set minimum withdrawal amounts for all cryptocurrencies. These amounts vary depending on the specific asset. For example, the minimum withdrawal amount for BTC is 0.001 BTC, while the minimum withdrawal amount for USDT is 10 USDT.

5. Withdrawal Limits

Bybit also imposes withdrawal limits on accounts based on their verification level. Verified users have higher withdrawal limits than unverified users.

Conclusion

Bybit's withdrawal fees are generally competitive compared to other cryptocurrency exchanges. Users should always check the specific withdrawal fee for the cryptocurrency they intend to withdraw before initiating a transaction. By following the steps outlined above, users can ensure that they understand the withdrawal process and fees associated with it on Bybit.