how to withdraw from bybit to bank

To withdraw funds from Bybit to your bank account, you must first convert your crypto assets into fiat currency, select the fiat currency you want, and enter your bank details, which must match the name on your Bybit account.

Oct 30, 2024 at 04:37 am

How to Withdraw Funds from Bybit to Your Bank Account

Step 1: Prepare Your Bank Account

• Ensure that your bank account is linked to a verifiable phone number or email address.

Step 2: Convert Crypto to Fiat

• Go to the "Spot" trading page and select the crypto asset you wish to withdraw.
• Sell the crypto and convert it to the fiat currency you prefer, such as USD, EUR, or GBP.

Step 3: Initiate the Withdrawal

• Click on the "Wallet" icon in the top right corner.
• From the "Spot" tab, click on "Withdraw."
• Select "Fiat" and choose the fiat currency you converted your crypto to.

Step 4: Enter Bank Information

• Input your bank account number, IBAN (International Bank Account Number), or SWIFT/BIC (Bank Identifier Code).
• Ensure that the name on the bank account matches the name on your Bybit account.

Step 5: Verify Withdrawal

• Bybit may require you to verify your withdrawal through email, SMS, or Google Authentication.
• Follow the instructions to complete the verification process.

Step 6: Monitor Withdrawal Status

• Track the status of your withdrawal from the "Withdrawal Records" page in the "Wallet" section.
• Processing times may vary depending on your bank and the amount being withdrawn.

Tips:

• Minimum withdrawal amounts vary depending on the fiat currency. Check Bybit's website for specific limits.
• Withdrawal fees also apply and vary based on the fiat currency and withdrawal method.
• Withdrawals to non-supported currencies or banks may not be accepted.
• Bybit reserves the right to review and hold withdrawals for security purposes.