How to withdraw money from Bybit to bank account

How to withdraw money from Bybit to a bank account is simple and you can withdraw in local currency or crypto. Understand that withdrawing from Bybit without completing KYC is hardly possible. Register on ByBit Now.

All these require maximum carefulness so that nothing goes wrong and you don’t lose your funds.

Read this article carefully to withdraw your money from Bybit without hassle. See also how to deposit money on Bitget exchange without loss.

How to withdraw money from Bybit to a local bank

1. Open the Bybit app on your device
2. Click on “Assets” button to the bottom right of the app
3. Choose funding or spot trading account, if your assets are not here, you can transfer them immediately because you cannot withdraw assets outside the fund/spots account
4. Tap on “withdraw” on the page
5. Specify where you want the withdrawal to go; account information
6. Provide account recipient information and click on submit
7. Confirm the success of the transaction and click on submit again
8. Need help or instant updates? Join Finbutton now on Twitter | Facebook | Telegram | WhatsApp

This action becomes easier when you have already deposited in your Bybit account. So that, all your transactions will be sent to the account you provided during your payment method setting.

Understand also that, this of withdrawing from Bybit is the same for withdrawing crypto, money and other assets, just follow specific instructions to get it right.

Furthermore, while withdrawing your assets, carefulness is paramount as any little mistake could result in loss.

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Bybit minimum withdrawal amount

Bybit has such a friendly user interface that accommodates even newbie traders. You can withdraw your profits without waiting for it to accumulate more.

Bybit’s minimum withdrawal amount is $10, so, you may not be able to completely process your withdrawal if you do not have up to that amount of a token.

What you should know about Bybit withdrawal

Sometimes you may encounter hurdles while you try to withdraw your assets from Bybit but don’t panic, most of those things are normal and will be fixed over time.

To start with, if your withdrawal says “processing” for a long time, it means that there is the possibility that the Blockchain network is not stable. In this case, all you have to do is patiently wait for the connection to go through, don’t try cancelling, just be patient.

Additionally, Bybit charges a withdrawal fee for every transaction but the amount depends on the token you are withdrawing from, it varies.

Withdrawing from Bybit without KYC

Some sources will tell you that you can withdraw your assets from Bybit without completing KYC but don’t be fooled.

If you try to withdraw from Bybit and it says “On hold” it simply means that you are transaction without KYC. In some cases too, it could be as a result of suspicious activity.

In such cases, make sure you have passed KYC then try again. Bybit KYC is very paramount if you want to make effective use of the platform.

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