How to Withdraw Money From Bybit: Fast, Secure, and Error-Free

So, you’ve played the long game, and your crypto has finally hit your target price. Before you lose the momentum, now’s the golden time to lock in your gains, and that’s where understanding how to withdraw money from Bybit will come in handy.

Whether you’re planning to withdraw to your bank account, a crypto wallet like Ledger Flex, or another exchange like Binance, the process is smooth and straightforward.

However, each method comes with its own set of rules, and running into errors could cause you to miss the window to secure your returns. Worry not, I’ll break down all the details, including Bybit withdrawal time, fees, and limits, so you can exit the market like a winner.

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How to Withdraw Money From Bybit

Let’s start with the quickest and easiest routes: using Bybit’s dedicated withdrawal terminal and One-Click Buy. Both give the flexibility to transfer to your bank account, digital payment wallet, or specific fintech services.

📚 Read More: In-Depth Bybit Review

How to Withdraw Money From Bybit’s Fiat Withdrawal

Bybit’s main fiat withdrawal terminal is tucked away in one of the menus, so many traders might overlook it or don’t even realize it exists. To quickly find it, here’s a step-by-step guide that you can follow on PC:

Never share your code with anyone, or you’ll risk compromising your account and funds. If the email doesn’t pop up in your inbox, check your spam or junk folder.

Table: Overview of supported currencies, payment methods, and fee details for Bybit’s fiat withdrawal

Please note that the Bybit withdrawal time for SEPA and FPS transactions takes longer, typically 1 to 3 working days. If you transfer on Friday or the weekend, your funds may not arrive until the middle of next week.

This method covers how to withdraw money from Bybit to your bank account, shopping cards like Zen, and even e-wallets like Pix Key. However, there are more methods to explore, whether you’re aiming for broader payment gateway support or specific trading needs.

📚 Related: What Is Bybit? Its Features and More

How to Withdraw Money From Bybit’s One-Click Buy

Another hassle-free path to withdraw your funds is through Bybit’s One-Click Buy, which is located in one menu as the fiat withdrawal terminal. As you can probably guess, the steps will not look that much different.

Pay extra attention to the Bybit minimum withdrawal amount for USDT and other assets. That way, you won't be surprised with any sudden charges.

How to Withdraw Crypto From Bybit

There are other methods I haven’t covered yet, particularly for those who prefer transferring crypto instead of fiat. Let’s go over how you can withdraw to another exchange or wallet, so you can continue your trading adventure smoothly.

How to Withdraw Crypto From Bybit to Another Wallet

If you’re spooked by the constant headlines of crypto hacking incidents, you might wonder how to withdraw from Bybit to your cold or hot wallet.

Truthfully, your holdings are better protected against cybersecurity when they’re safely offline.^[1] The strongest suits in the market probably go to Ledger Flex or Stax - both featuring a signature touchscreen that allows for clear transaction signing to defend you from fraud.

	LEDGER FLEX	LEDGER STAX
Overall Score	9.8	9.6
Wallet Type	Hardware	Hardware
Best For	Extra Secure Crypto Storing & Managing	Safely Storing Your Digital Assets
Latest Coupons	Get deal All Ledger Flex Coupons	Get deal All Ledger Stax Coupons
Verdict	Ledger Flex is a secure and user-friendly wallet with support for thousands of coins and tokens.	A high-end cryptocurrency wallet with some next-gen features and integrations.
	Visit site Read review	Visit site Read review

Table: Comparison of the best cold wallets

As usual, I’m going to use my PC again, but this time, I will transfer funds to my Ledger Flex device. Follow the steps below:

Get started by downloading Google Authenticator on the Play Store or App Store. Afterward, scan the QR code to retrieve the key phrase. Enter the 6-digit code and click [Confirm]. Mind that the code refreshes every 30 seconds.

There you have it - how to withdraw crypto from Bybit to a wallet. In case your funds are not sufficient to cover both the withdrawal and transaction fees, head to [One-Click Buy] to top up your balance.

How to Withdraw Crypto From Bybit to Another Exchange

Traders are drawn to Bybit due to its low maker/taker fees, competitively set at 0.1%. But if you’re a high-volume trader exploring arbitrage opportunities, you might come across exclusive or better deals on other trading platforms. That way, you can save up on every fraction of your margin.

If you relate to that specific scenario, I’ll demonstrate how to withdraw money from Bybit to another exchange. I’ll stick with the most popular one today, based on data (as of writing), which is Binance.

Likewise, the go-to route is on-chain withdrawal, which I’ve shown in the previous section. I won't repeat the same steps and will only focus on the specific configurations you need to know.

With that in mind, the tutorial will take place after you’ve navigated to the [Withdraw] under your profile, selected an asset, and configured the chain type. All that’s left is entering your Binance wallet’s address, but you’ll need to first figure out where to find it.

If it’s your first time transferring between exchanges, locating your wallet address can be quite tricky. Hopefully, though, this tutorial clears the air. Once you’ve nailed the nitty-gritty, seamlessly replicate how to withdraw from Bybit to other platforms like Kraken and KuCoin.

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How to Withdraw Crypto From Bybit’s Spot Trading

Practically, you can also withdraw by selling or cashing out crypto or fiat via the spot market. Traders often opt for this method, as it’s usually more affordable than instant withdrawals or other options.

Here’s how to get started:

• Market Order. Sell directly at the current market price.
• Limit Order. Specify the exact price to sell.
• Take Profit/Stop Loss Order. Take profit closes your position when it reaches the pre-determined range, while stop loss cushions your assets from further losses.
• Conditional Order. Input trigger prices to execute your trades. Choose between a conditional market or a conditional limit order.

• One-Cancels-the-Other Order (OCO). Place two orders simultaneously. If one is successfully triggered, the other one will be directly cancelled for risk mitigation.
• Trailing Stop. Lock in profits by automatically following the market when it moves in your favor. No more selling early on small price drops.
• Time-Weighted Average Type (TWAP). Spread your orders over a period of time to snatch an average price that meets ideal market conditions.
• Scaled Order. Execute big orders without instigating violent market volatility.

For this example, I’ll go with the simplest one - market order. Mind that your order type determines the settings you’ll adjust for selling your crypto.

Generally, spot trading is the top avenue for anyone HODLing huge market-cap assets, like BTC, ETH, or SOL. The steps outlined above are also relevant if you use margin trading to increase your position with borrowed funds or switch to futures trading to access leverage.

📚 Read More: The Full Binance Review

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How to Withdraw From the Bybit App

I’ve explained how to withdraw money from Bybit using your PC or web browser. However, not all traders prefer that setup. Mobile trading has taken precedence over the years, notably due to the easy usage of app features.^[2]

Fortunately, Bybit also has an app for iOS and Android phones or tablets. With a stellar rating of 4.7/5, the mobile program does not compromise on exchange functionality, allowing users to trade in an environment that’s equally secure and private.

How to Withdraw Crypto Money Bybit App’s Withdrawal Terminal

If online trading is more of your style, let me guide you through how to withdraw from the Bybit app:

Alright! You’re now set to withdraw from the Bybit app.

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How to Withdraw Money From Bybit App’s P2P

P2P trading also provides a seamless method for anyone exploring how to withdraw money from Bybit to a bank account, Apple Pay, and more.

Plus, global users can benefit from an expanded roster of fiat currencies. These include XOF for African users, DOP for those in the Dominican Republic, or SAR for traders in the United Arab Emirates (UAE).

As you’ll see, the walkthrough will be pretty intuitive:

Let’s not forget there’s a waiting game involved here. Once the counterparty has successfully made payment, the tokens from the sale can be found in the Funding Account.

Bybit Withdrawal Limits and Fees

While it’s been confirmed that Bybit does not require KYC for withdrawals, there are certain limits and fees you must understand. Generally, the higher your VIP level (based on your trading volume), the more perks you can benefit from.

However, noteworthy differences set the standards for general fiat and on-chain withdrawals apart. Let me give you a primer on the former:

Table: Bybit withdrawal limits based on VIP and PRO levels

By contrast, for on-chain Bybit minimum withdrawals, USDT is pegged as the baseline instead of USD, since the procedure involves crypto instead of fiat. The formulas are pretty simple:

• Non-KYC users, regardless of the VIP level, are restricted to a withdrawal limit of 20k USDT/day and 100k USDT/month.
• Passing the standard identity verification will increase your limit to 1M USDT/month.
• Advanced identity verification will raise the bar to 2M USDT/month.
• VIP accounts with Level 1 identity verification can withdraw from 8M to 30M per day.

Active traders can also manage their withdrawal limits by accessing the [Security] section under their profile. At the bottom, you’ll see [Settings] next to Manage Crypto Withdrawal Limits - click on that. Afterward, configure your daily or monthly withdrawal limit. There’s even a toggle to disable the limit.

Moving on, as I’ve touched on Bybit fiat withdrawal fees in the earlier section, I’ll instead give a lowdown on how the system works for on-chain withdrawals. Essentially, the rates you pay are tangent to the asset or chain you select.

Also known as gas fees, the amount varies based on network congestion, transaction complexity, and processing speed. As of my testing right now, ETH withdrawals via the Ethereum mainnet will incur 0.0015 ETH.

Finally, specific withdrawal services are off the table for certain countries. The list is quite extensive, so I suggest visiting Bybit for more info.

📚 Related: Is Bybit Safe?

More Ways to Withdraw Money From Bybit

I know I’ve presented many approaches to withdrawing your funds. That said, every trader has unique needs, and knowing which method will fulfill your goals puts you ahead. Let’s break down the alternative ways I have not yet covered:

• Internal Transfers. If you’re feeling generous, internal transfers let you send assets to fellow users within the exchange, whether it’s your buddy, cousin, or crypto-conscious grandma. Simply enter their email, phone number, or user identification (UID), and you’re good to go.
• Bybit Card. Withdraw your crypto to the Bybit Card to redeem up to 100% rebates on Netflix, Spotify, ChatGPT, and more.
• Bybit Convert. Swap crypto to fiat in an instant with zero fees. The workarounds function much like spot trading, as you can place market or limit orders. Nevertheless, the simplified interface takes off the pressure for anyone who finds the order book intimidating.

Out of all the options I’ve gone through, match them with your end goal. Some aim for speed, others look for simplicity. Smart choices today can save you time and fees tomorrow.

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Conclusions

How to withdraw money from Bybit shouldn’t be a stressful ordeal, as the steps are quite easy to follow. That said, with multiple withdrawal options at your fingertips, consider how those assets will work for you next.

Users needing quick cash will usually resort to the classic fiat withdrawal. On the other hand, traders looking to reinvest their gains tend to favor cross-exchange transfers.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Suratkar, S., Shirole, M., Bhirud, S.: 'Cryptocurrency Wallet: A Review';

2. Malhotra, S.: 'Study of Features of Mobile Trading Apps : A Silver Lining of Pandemic'.