ByBit is a leading cryptocurrency exchange that offers seamless withdrawal options for both fiat and crypto assets. This guide covers everything you need to know about withdrawing funds from ByBit, including step-by-step instructions, withdrawal methods, troubleshooting tips, and FAQs.
ByBit Withdrawal Methods
ByBit supports multiple withdrawal options:
- Crypto withdrawals to external wallets
- Fiat withdrawals to bank accounts
- Internal transfers between ByBit accounts
Each method has its own requirements and processing times.
How to Withdraw Crypto from ByBit
Follow these steps to withdraw cryptocurrency from your ByBit account:
- Log in to your ByBit account.
- Navigate to Assets > Funding Account or Spot Account.
- Select the cryptocurrency you want to withdraw (e.g., BTC, ETH).
- Click Withdraw and enter the recipient’s wallet address.
- Input the withdrawal amount and confirm the transaction.
- Complete email/2FA verification for security.
👉 Check ByBit’s latest withdrawal fees
Processing Time: Most crypto withdrawals are completed within 30 minutes, but delays may occur due to network congestion.
How to Withdraw Fiat from ByBit
To withdraw fiat (USD, EUR, etc.) to your bank account:
- Go to Assets > Withdraw > Fiat Withdrawal.
- Select your linked bank account or add a new one.
- Enter the withdrawal amount and confirm.
- Verify via email/2FA.
Note: Fiat withdrawals may take 1–3 business days depending on your bank.
ByBit Internal Transfers
Internal transfers allow instant, fee-free transfers between ByBit accounts:
- Navigate to Assets > Withdraw > Internal Transfer.
- Enter the recipient’s UID, email, or phone number.
- Select the cryptocurrency and amount.
- Confirm the transfer.
Limitations: Recipients must complete KYC verification.
Withdrawal Limits and Fees
| Withdrawal Type | Minimum Amount | Fee |
|------------------|----------------|-----|
| Bitcoin (BTC) | 0.0003 BTC | Variable |
| Ethereum (ETH) | 0.01 ETH | Variable |
| Fiat (USD/EUR) | $10 | Bank-dependent |
👉 Compare ByBit’s withdrawal options
Troubleshooting Common Withdrawal Issues
- Invalid Address: Ensure the wallet address matches the correct network (e.g., ERC-20 for ETH).
- Insufficient Funds: Check your available balance (excluding locked funds).
- KYC Hold: Unverified accounts face a 20,000 USD daily limit.
- Network Congestion: Delays may occur during peak times.
FAQs
1. What is the minimum BTC withdrawal on ByBit?
The minimum Bitcoin withdrawal is 0.0003 BTC.
2. Does ByBit charge withdrawal fees?
Yes, fees vary by cryptocurrency and network. Check ByBit’s fee schedule before withdrawing.
3. Why is my withdrawal on hold?
Withdrawals may be held for security reviews, especially without KYC verification. Contact support for assistance.
4. How long do fiat withdrawals take?
Bank transfers typically process within 1–3 business days.
5. Can I cancel a withdrawal?
No, withdrawals cannot be canceled once submitted. Double-check details before confirming.
Final Tips
- Always verify wallet addresses before withdrawing.
- Start with a small test transaction for new recipients.
- Complete KYC for higher withdrawal limits.
ByBit offers a user-friendly withdrawal process, but staying informed ensures smooth transactions.