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    How to Withdraw Fiat Currencies on Bybit
    bybit2024-10-27 18:58:13
    On the AppOn the Website

    Bybit supports the withdrawal of different fiat currencies via various payment methods. Before proceeding to make a fiat withdrawal, please make sure to take note of the following: 

     

    1. Some currencies and/or payment methods listed in this article may not be available to certain users due to regulatory issues or may be undergoing maintenance. To check the latest available currencies and payment methods for your account, please refer to the Fiat Withdrawal page.

     

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    1. For certain payment methods, the fiat withdrawal function will only be available once you have made a first fiat deposit to your account. You can find more details for each payment method in the Remarks column below.

    2. Please note that the number of withdrawal accounts that can be added for each fiat currency varies according to the payment method. You can find more details in this FAQ

     

     

    Please find below the list of currently supported fiat currencies for withdrawal as well as their respective payment methods: 

     

    Supported Fiat Currencies

    Available Payment Methods

    Remarks

    BRL

    • PIX

    EUR

    • SEPA

    • Zen.com

    • iDEAL

    SEPA service is only supported for users in certain EU countries. You might see an ‘IP Restricted' message if your country is not supported by the service.


    To withdraw with SEPA or Zen.com, you will need to make a first fiat deposit via the respective payment method to add your bank account for deposit and withdrawal on your Bybit account.


    iDEAL is only available to users located in the Netherlands using Bybit Powered by SATOS.


    As it's possible that you'll be assigned to different suppliers, you might need to fill out a new set of Virtual Account information. However, there's no need to make a new deposit with a different supplier.

    ARS

    • Bank Transfer

    To withdraw via Bank Transfer, you will need to manually link the recipient account with your CUIT/CUIL and CBU/CVU details. These details must match the information provided in your Identity Verification / Business Verification. Please ensure that your account is linked under the same name to avoid binding failures.


    For certain circumstances, you might be requested to upload the proof of your CUIT/CUIL during the binding process.


    Once approved, you can proceed with withdrawals using the same recipient account. 

    GBP

    • Zen.com

    • FPS (Faster Payments Service)

    To withdraw with FPS/Zen.com, you will need to make a first fiat deposit via the respective payment method to add your bank account for deposit and withdrawal on your Bybit account.

    TRY

    • Bank Transfer

    Bank Transfer is only available to Turkish users. For the first withdrawal, you will need to fill in some information.

    PLN

    • Zen.com 

    To withdraw with Zen.com, you will need to make a first fiat deposit via the respective payment method to add your bank account for deposit and withdrawal on your Bybit account.

    MXN

    • Bank Transfer

    To withdraw via Bank Transfer, you will need to make a first fiat deposit via the respective payment method to add your bank account for deposit and withdrawal on your Bybit account.

    USD

    • SWIFT

    SWIFT withdrawals are exclusively available to users who have a VIP 3 level or higher, have been registered for more than 6 months, and do not fall under the forbidden list.


    To withdraw with SWIFT, you will need to manually bind the recipient account you've previously deposited to. Once approved, you can proceed with withdrawals using the same recipient account. Please bind your account with the same name to avoid binding failures.

    IDR

    • Local Bank Transfer

    To withdraw with Local Bank Transfer, you will need to make a first fiat deposit to add your bank account for deposit and withdrawal on your Bybit account. You are allowed to link up to three withdrawal accounts, which must be the first three accounts you created for deposit purposes.

     

     

     

     

     

    Here is a step-by-step guide to withdrawing fiat currencies from Bybit.

     

     

     

     

    Step 1: Tap on Assets → Withdrawal → Fiat in the Bybit App and select the Fiat currency you would like to withdraw.

     

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    Step 2: Please follow the steps below to place an order:

    1. Select the fiat currency 

    2. Enter the withdrawal amount

    3. Select your payment method

    4. Tap on Continue

     

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    Note:

    • Fiat withdrawal fees and processing time for each payment method can be viewed on this page.

    • Identity Verification and a first fiat deposit are required for fiat withdrawal. If you haven’t done so, please complete the Identity Verification Lv. 1 by following this guide and make a first fiat deposit to add your bank account for both deposit and withdrawal. You can also increase your fiat withdrawal limits by completing Identity Verification Lv. 2. For more information, please visit this article.

    • Accounts verified with Business KYC only support fiat withdrawal in BRL and ARS. Identity verification and a first fiat deposit are required before making a first fiat withdrawal. For more information about Business KYC, please refer to this guide.
    • Please ensure that you have sufficient balance in your Funding Account before making the withdrawal.

     





    Step 3: If you have previously deposited fiat currencies to your account, Bybit will automatically link this account for withdrawal. 

     

    If not, certain payment methods will need you to make a first deposit using the same payment account and method to enable withdrawals to this account. Please carefully verify your information and check the Terms and Conditions before tapping on Continue to proceed.

     

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    Notes:

    — Please make sure that the name on your withdrawal account matches the name that you've provided for Identity Verification / Business Verification on Bybit. Otherwise, the withdrawal may not be processed successfully.

    — For certain payment methods, withdrawals can only be made to an account from which you’ve previously deposited funds. For new accounts, you can only proceed to make a withdrawal with that account after a successful deposit has been made. Please make sure to check the requirements for each payment method before making a fiat withdrawal.

    —  Certain payment methods enforce a restriction on the number of accounts that can be linked to your Bybit account for both deposits and withdrawals. You can find the Maximum Account(s) per Currency and Payment Method here. Please note that for the PIX payment methods, all PIX keys must be associated with the same CPF/CNPJ.

    — Upon submitting your withdrawal request, the requested amount will be temporarily placed on hold. In the event of a failed request, the designated amount will be returned to your Funding Account.

     

     

     

     

     

    Step 4: After the receiving account has been set up, please confirm that all of your information is correct, and then tap on Continue.

     

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    Step 5: Enter your email address and Google Two-Factor verification code, then tap on Confirm. Make sure to tap on Get Code to receive an email verification code. If you encounter any issues while completing the email verification, please refer to this troubleshooting guide.

     

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    Step 6: Your withdrawal request is being processed. You will receive a push notification and email as soon as your withdrawal request has been processed successfully. 

     

    Notes: 

    • Please note that a successful withdrawal does not represent the funds arriving in your account. The actual fund's arrival time will depend on the bank or service provider’s processing time. 

    • It is not uncommon for your withdrawals to be pending for longer than the estimated processing time. This is usually an issue with the service provider and additional time is required to investigate the issue with the relevant parties. It is expected to take 7 to 14 working days.

    • Bybit Powered by SATOS-verified users will experience a 24-hour restriction on fiat withdrawals following their initial fiat deposit. You can find more information on the FAQ — Bybit x SATOS Partnership.

     

     

    To view your withdrawal history, please tap on Orders in the upper right corner for more details.

     

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