how to withdraw money from bybit to revolut

To withdraw funds from Bybit to Revolut, link your Revolut account, initiate a withdrawal specifying the amount and address, verify the transaction with an SMS code, and monitor the progress in "Assets" > "Fiat Assets".

Nov 02, 2024 at 07:58 pm

How to Withdraw Money from Bybit to Revolut

1. Link Your Revolut Account to Bybit

• Log in to your Bybit account.
• Navigate to "Assets" > "Spot Account".
• Click "Withdraw".
• Select "Fiat".
• Choose "USD" as the currency.
• Click "Add New Address".

• Enter your Revolut account details:

  • Account name
  • IBAN or account number
  • BIC or SWIFT code
• Click "Confirm".

2. Initiate a Withdrawal

• Enter the amount you want to withdraw.
• Select the Revolut address you created.
• Confirm the withdrawal details and click "Withdraw".
• You will receive an SMS verification code to your phone. Enter it to complete the withdrawal.

3. Monitor the Withdrawal

• The withdrawal status will be displayed as "Processing".
• You can track the progress in "Assets" > "Fiat Assets" > [Currency] > "Deposit & Withdrawal Record".
• Once processed, the funds will typically arrive in your Revolut account within 1-2 business days.

4. Transaction Fees

• Bybit charges a flat withdrawal fee of $2 for USD withdrawals to Revolut.
• Revolut may charge additional fees for receiving international transfers.

5. Minimum Withdrawal Amount

• The minimum withdrawal amount from Bybit to Revolut is $10.

Tips:

• Verify your Revolut account before withdrawing funds.
• Use the same currency (e.g., USD) in both Bybit and Revolut to avoid conversion fees.
• Withdraw larger amounts in fewer transactions to reduce fees.