how to withdraw money from bybit to bank account

To withdraw funds from Bybit to a bank account, first verify your identity through KYC before selecting the Faster Payments option and entering beneficiary details.

Oct 30, 2024 at 10:39 am

How to Withdraw Money from Bybit to Bank Account

1. Verify Your Identity

Go to the Bybit website and log in to your account.
Click on "My Assets" and then "Withdraw."
You will be prompted to verify your identity through Know Your Customer (KYC) procedures.
This involves providing personal information, proof of identity, and proof of residence.

2. Select Withdrawal Option

Once your identity is verified, you can choose how you want to withdraw your funds.
Bybit supports bank transfers (Faster Payments) and crypto withdrawals.

3. Enter Withdrawal Information

For bank transfers, select "Faster Payments" and enter the following information:
- Bank account number
- Bank swift code
- Intermediary bank
- Beneficiary name
For crypto withdrawals, select the cryptocurrency you wish to withdraw and enter the wallet address.

4. Confirm Withdrawal

Enter the amount you wish to withdraw and click on "Confirm."
You will be sent a verification code to your email or phone number.
Enter the code and click on "Submit."

5. Processing Time

Bank transfers typically take 1-3 business days to process.
Crypto withdrawals are processed within minutes.

6. Fees

Bybit charges a withdrawal fee for both bank transfers and crypto withdrawals.
The fees vary depending on the withdrawal method and the amount being withdrawn.

Tips:

Ensure that you have sufficient funds in your Bybit account to cover the withdrawal amount plus any fees.
Provide accurate and up-to-date information during the withdrawal process.
Check with your bank for any additional fees or restrictions that may apply to international transfers.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SOS

$0.3624

253.25%

Trade Now
GOHOME

$318.5225

83.26%

Trade Now
RED

$0.7226

40.77%

Trade Now
DOGINME

$0.0...09947

31.92%

Trade Now
FARTCOIN

$0.3302

30.71%

Trade Now
NPC

$0.0089

29.00%

Trade Now

Latest Crypto News

Bitcoin (BTC) and Other Major Cryptocurrencies Surge on Donald Trump's Crypto Reserve Proposal
2025-03-15 21:10:54
Ethereum (ETH) Faces a Challenging Period Amidst a Broader Market Uptick
2025-03-15 21:05:55
Coinbase Files for Natural Gas (NGS) Futures and Cardano ( $ADA ) Futures
2025-03-15 21:05:55
Bitcoin (BTC) needs to close the week above $81,000 to avoid further downside: Analyst
2025-03-15 21:05:55
Spotting the next major crypto surge has always been the key to life-changing returns
2025-03-15 21:05:55
Qubetics ($TICS) Emerges as a Potential Game-Changer, Its Presale is Live Now
2025-03-15 21:05:55

Related knowledge

How do domestic users trade OTC on OKX?

Mar 15,2025 at 05:21am

Key Points:OKX's OTC (Over-the-Counter) trading service facilitates peer-to-peer cryptocurrency transactions, bypassing traditional exchanges.Domestic users face challenges due to regulatory restrictions in various countries. OKX's OTC service might not be fully accessible or legal depending on your specific location.The process involves finding a selle...

How do domestic users view transaction history on OKX?

Mar 15,2025 at 06:51am

Key Points:OKX provides a detailed transaction history accessible through its website and mobile app.Accessing the history requires logging into your verified OKX account.The transaction history displays various details, including timestamps, asset pairs, amounts, and fees.Users can filter and search their transaction history for specific trades.Downloa...

How do domestic users withdraw cash on OKX?

Mar 15,2025 at 04:26pm

Key Points:OKX doesn't directly support fiat withdrawals for all regions. Users must utilize third-party services or P2P trading to convert cryptocurrency to fiat currency.The specific methods available depend on the user's location and the chosen cryptocurrency.Understanding KYC/AML regulations is crucial for successful withdrawals.Security best practi...

How do I bind a bank card to my account of OKX?

Mar 15,2025 at 11:50am

Key Points:OKX doesn't directly support bank card binding for fiat currency deposits.Deposits are made through third-party payment providers integrated with OKX.The process varies depending on your region and chosen payment method.Security is paramount; always use reputable payment providers and verify transactions.Understanding fees and processing time...

How do I participate in the bonus activities of OKX?

Mar 15,2025 at 05:05am

Key Points:Understanding OKX Bonus Activity Types: OKX offers various bonus programs, including trading bonuses, referral bonuses, and airdrops. Each has specific participation requirements.Locating Active Promotions: Bonus campaigns are usually advertised prominently on the OKX website and app. Look for banners, pop-ups, and announcements in the news s...

How do Singapore users complete the KYC verification of OKX?

Mar 15,2025 at 09:45am

Key Points:OKX's KYC verification process for Singapore users involves several steps, including identity verification and address verification.Users need to prepare valid identification documents and proof of address.The process aims to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.Failure to provide accurate informati...