How to check the status of a Bybit withdrawal?

Accessing the Bybit Dashboard

1. Log in to your Bybit account using your registered email and password. Two-factor authentication must be enabled for added security, so ensure your authenticator app or SMS verification is ready.

2. Once logged in, navigate to the top-right corner of the screen where your profile icon is located and click on 'Assets.'
3. From the dropdown menu, select 'Wallet' to enter the main wallet interface. This section provides a complete overview of your deposit and withdrawal history.
4. Make sure you are on the correct account type—Spot, Unified, or Contract—as withdrawal records may vary across different wallets.
5. The dashboard will display real-time data including available balances, locked funds, and recent transactions.

Navigating the Withdrawal History Section

1. Inside the Wallet section, locate and click on the 'Withdraw' tab positioned at the top of the page.

2. Below the withdrawal form, there is a subsection labeled 'Withdrawal History.' Click on it to view all past and pending withdrawal requests.
3. Each entry includes key details such as cryptocurrency type, amount sent, network used, transaction ID (TxID), status, and timestamp.
4. Use the filters to sort by date range, coin, or status (e.g., Processing, Completed, Failed) to quickly find a specific transaction.
5. If the status shows “Processing,” it means the request has been submitted and is under review or awaiting blockchain confirmation.

Understanding Withdrawal Statuses

1. “Pending” indicates the withdrawal request is waiting for internal verification, which usually takes a few minutes during normal system load.

2. “Processing” means the system has approved the request and is preparing to broadcast the transaction on the blockchain.
3. “Completed” confirms that the transaction has been successfully sent and recorded on the blockchain. You can verify this using the TxID on a blockchain explorer.
4. “Failed” or “Rejected” suggests an issue occurred—common causes include incorrect wallet address, network congestion, or failed 2FA validation.
5. In cases of failure, funds are typically returned to your Bybit wallet within 24 hours, though this may vary depending on the asset and network.

Verifying Transactions on the Blockchain

1. Locate the transaction in your withdrawal history and copy the provided TxID (Transaction ID).

2. Open a blockchain explorer compatible with the network used—such as Etherscan for Ethereum, BscScan for BSC, or Blockchair for Bitcoin.
3. Paste the TxID into the search bar of the explorer and press enter to retrieve full transaction details.
4. Check confirmations, sender and recipient addresses, amount, and any associated fees to confirm successful transfer.
5. If the TxID appears on-chain but the receiving wallet hasn’t credited the funds, contact the wallet provider or service you're sending to.

Frequently Asked Questions

How long does a Bybit withdrawal typically take?Withdrawal processing time varies by cryptocurrency and network conditions. Most withdrawals are processed within 10 to 30 minutes. However, during periods of high network congestion or for manual reviews, it may take several hours.

What should I do if my withdrawal status remains “Pending” for over an hour?If a withdrawal stays in “Pending” status for more than 60 minutes, check your email for any verification requests from Bybit. Also, ensure your 2FA method is functioning properly. If no action is prompted, contact Bybit support with your withdrawal ID.

Can I cancel a withdrawal after submission?Bybit allows cancellation only if the status is still “Pending.” Once it changes to “Processing” or “Completed,” the transaction cannot be stopped. To attempt cancellation, go to Withdrawal History and click the “Cancel” option next to the relevant request.

Why is my withdrawal stuck on “Processing” without a TxID?A lack of TxID during “Processing” means the transaction hasn't been broadcasted yet. This may occur due to security checks, especially for large amounts. Allow additional time or reach out to customer support if no update occurs within a few hours.