AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Looking to withdraw some of the profit you've earned from trading on Bybit EU? There are two ways to approach this, depending upon whether you're making an on-chain transfer to another exchange or wallet, or an internal transfer.
Key Takeaways:
Bybit EU offers two withdrawal methods: On-chain withdrawals for external transfers, and internal transfers for moving funds within the ecosystem without blockchain fees.
Most withdrawals are processed immediately, with on-chain transfers taking up to 15 minutes under normal network conditions; however, high congestion may cause delays.
Withdrawal limits are determined by your KYC verification level, and reset daily at 00:00 UTC. VIP users automatically receive enhanced limits.
There are two main ways to move your cryptocurrency on Bybit EU:
On-chain withdrawals send your crypto to external wallets or other exchanges by broadcasting the transaction to the blockchain network. This method requires network confirmations and incurs blockchain fees, but provides you with full control over your funds in external wallets.
Internal transfers move funds between different Bybit EU accounts or to other Bybit EU users within the platform itself. Since these transfers aren’t broadcast to a blockchain network, they process faster, don't require network confirmations and typically don't incur fees.
Step 1: Open the Bybit EU App and tap on Assets at the bottom right of the screen.
Step 2: Select Funding Account from the account list. If your funds are in the Unified Trading Account, you'll need to transfer them to your Funding Account first before withdrawing.
Step 3: Tap on the Withdraw option.
Step 4: While on the On-Chain tab, select the coin you wish to withdraw by typing its ticker in the search box and tapping on it.
Step 5: Choose the network address from your Address Book, which lists all of your previously added blockchain addresses. If you haven't added an address yet, you'll need to add it first.
Step 6: Specify the network you wish to use, and enter the desired withdrawal amount (or choose Max for a complete withdrawal). After providing the details, tap on Withdraw.
Step 7: Enter the verification codes sent to your email/phone, as well as from Google Authenticator (if enabled). Your withdrawal will be initiated after the correct codes have been submitted.
Step 1: Complete Steps 1 through 4 from the on-chain withdrawal process above.
Step 2: After selecting your coin, tap on the Internal Transfer tab.
Step 3: Select a previously registered user address from your Address Book, or enter the recipient's email address, phone number or UID.
Step 4: Enter the amount you wish to transfer (or choose Max for a full transfer), then tap on Withdraw.
Step 5: Complete the verification process with email and Google Authenticator codes if the recipient isn't in your Address Book. Your transfer will be processed immediately.
Step 1: Go to Bybit EU's homepage, hover over the Assets tab in the top-right corner and click on Withdraw.
Step 2: Confirm your withdrawal security settings by clicking on Set Up Now if you have not already done so.
Step 3: Select your preferred coin to withdraw, add a wallet address from the Address Book, select your destination network in Chain Type, specify the amount you wish to withdraw (or select All for a full withdrawal) and then click on Confirm.
Step 4: If you're withdrawing to an address not in your Address Book, enter the verification codes sent to your email/phone and from Google Authenticator.
Step 5: Review the withdrawal details in the final screen, then click on Submit.
Step 1: Complete Steps 1 and 2 from the on-chain withdrawal process above.
Step 2: In the withdrawal screen (next to Withdraw to), select Internal Transfer.
Step 3: Under Recipient Account, select your preferred coin, then enter the destination email, phone or UID, and specify the withdrawal amount.
Step 4: If withdrawing to an address not in your Address Book, enter the verification codes sent to your email/phone and from Google Authenticator.
Step 5: Review the withdrawal details in the final screen, then click on Submit.
You can track your withdrawal activities through your account history. On the App, tap on Assets, then Funding Account, and look for the History icon. On the web platform, navigate to Assets and access the transaction history section.
Your history displays transactions from the past 90 days, including cryptocurrency type, amount, destination address, fees, date and time, and current status. For on-chain withdrawals, you'll also find the TXID, which allows you to track transactions on the blockchain.
Bybit EU supports immediate withdrawal processing. Internal transfers are instant, since they don't require blockchain confirmations. On-chain withdrawals typically take up to 15 minutes under normal conditions, but may take longer during network congestion.
Yes. Withdrawal limits reset daily at 00:00 UTC. Limits are based on your level and VIP status, expressed in USD equivalent value. VIP users receive enhanced limits that are automatically set, based on their verification level.
Internal transfers within Bybit EU typically have no fees. On-chain withdrawals incur network fees determined by the blockchain network, not Bybit EU. The exact fee is displayed before confirmation.
Yes. Bybit EU maintains minimum thresholds that vary by cryptocurrency. These minimums are set above network fees to ensure meaningful transaction amounts. Current minimums are displayed before initiating withdrawals.
Verified users can adjust withdrawal limits within their KYC level maximums. You'll need to have Google Authenticator enabled on your account as a security requirement.
To modify your limits, navigate to your account settings and locate the Manage Crypto Withdrawal Limits section. Here, you can adjust both daily and monthly withdrawal limits according to your needs. Alternatively, you can click on Manage Limit from the Withdraw window. Please note that changes to withdrawal limits only affect new withdrawal requests, and have no impact on any withdrawals already in progress.
Withdrawal restrictions are temporarily imposed on your account for security reasons, and typically last 24 hours. If you encounter withdrawal restrictions, wait for the 24-hour period to expire, or contact customer support if you believe the restriction was applied in error.
Note that the following circumstances could trigger withdrawal restrictions for 24 hours:
Changing or resetting your account password
Changing of registered mobile number or email address
Activating or disabling the New Address Withdrawal Lock function on your account
Disabling or resetting Google Authenticator
Changing or disabling your Fund Password
Transferring your KYC Identity to another account
Self-reactivating your account
Removing your Passkeys
Withdrawing and transferring crypto on Bybit EU is straightforward once you understand the available options. Whether using on-chain withdrawals or internal transfers within the Bybit ecosystem, the platform provides secure and efficient methods to access your funds.
Always verify recipient addresses carefully, understand associated fees and ensure your account meets verification requirements for your desired withdrawal amounts. By following proper procedures and maintaining reasonable security practices, you can confidently manage your cryptocurrency withdrawals on Bybit EU.
#LearnWithBybit