how to withdraw from bybit to australian bank account

Bybit users can withdraw funds to their Australian bank accounts by logging into their account, navigating to "Assets" > "Withdraw," selecting "Bank Transfer," providing bank details, and initiating the withdrawal request.

Nov 04, 2024 at 12:25 pm

How to Withdraw from Bybit to an Australian Bank Account

Step 1: Set Up an Australian Bank Account

Ensure you have an active Australian bank account that supports international wire transfers.

Step 2: Log into Bybit

Visit the Bybit website and log into your account.
Navigate to the "Assets" section and click on "Withdraw."

Step 3: Select Currency and Destination

Choose the cryptocurrency you wish to withdraw (e.g., AUD, BTC, USDT).
Enter the amount you want to withdraw.
Select "Bank Transfer" as your withdrawal method.

Step 4: Enter Bank Account Details

Provide the following information about your Australian bank account:
- Account holder name
- SWIFT/BIC code
- Bank account number
- Bank name and address

Step 5: Verify Withdrawal Details

Carefully review all withdrawal details to ensure accuracy.
Input your Bybit account password for confirmation.

Step 6: Submit Withdrawal Request

Click on "Withdraw" to initiate the withdrawal process.
Bybit will process the withdrawal within 24-48 hours, depending on the cryptocurrency.

Step 7: Monitor Withdrawal Status

Track the status of your withdrawal in the "Withdrawal History" section of your Bybit account.
You will receive an email notification once the funds have been transferred to your bank account.

Additional Information:

Bybit charges a withdrawal fee of 0.5%, with a minimum fee of 0.0005 BTC.
The withdrawal process may take longer during peak times or due to system maintenance.
Always double-check your bank account details before submitting a withdrawal request to avoid errors.
Consider the exchange rate and transaction fees to minimize any potential losses.

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