can i withdraw from bybit to bank account

Bybit's withdrawal process involves verifying identity, selecting a withdrawal method, entering withdrawal details, initiating the withdrawal, undergoing bank verification, and receiving withdrawn funds within 3-5 business days.

Oct 24, 2024 at 11:10 pm

How to Withdraw from Bybit to Bank Account

Step 1: Verify Your Identity

Complete Bybit's Know-Your-Customer (KYC) verification process.
Submit your personal information, including name, address, and ID documents.

Step 2: Choose a Withdrawal Method

Bybit supports international wire transfers (SEPA, SWIFT, and ACH).
Select the withdrawal method that is convenient for you.

Step 3: Enter Withdrawal Details

In Bybit's "Withdrawals" page, select the desired cryptocurrency and enter the withdrawal amount.
Provide the bank account information, including:
- Bank name
- Account number
- Bank code (SWIFT/BIC Code)
Enter the payment reference (optional).

Step 4: Initiate Withdrawal

Click "Withdraw" and confirm the transaction.
You will receive an email verifying the withdrawal request.

Step 5: Bank Verification

Allow 24-48 hours for Bybit to process your withdrawal request.
Your bank may also require additional verification, such as phone calls or email confirmations.

Step 6: Funds Arrival

The withdrawn funds will typically arrive in your bank account within 3-5 business days.
The processing time may vary depending on the withdrawal method and bank regulations.

Additional Notes:

Ensure that you provide accurate bank account details to avoid delays or errors.
Check the transaction status regularly and contact Bybit's support if you encounter any issues.
Bybit charges network fees for withdrawals, which may vary depending on the cryptocurrency and withdrawal method.

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