How to Withdraw Fiat Currencies on Bybit

With the growing adoption of digital asset platforms, understanding how to efficiently and securely move funds between your exchange account and traditional banking systems is essential. Bybit, a leading cryptocurrency exchange, offers users the ability to withdraw various fiat currencies using multiple trusted payment methods. This guide walks you through everything you need to know about withdrawing fiat on Bybit, including supported currencies, verification requirements, step-by-step instructions, and important tips for a smooth transaction.

Whether you're cashing out profits or transferring funds for personal use, mastering the Bybit fiat withdrawal process ensures faster access to your money while minimizing errors or delays.

👉 Learn how to securely manage your digital assets and fiat withdrawals today.

Supported Fiat Currencies and Payment Methods

Bybit supports a diverse range of fiat currencies for withdrawal, each linked to region-specific payment options. Availability may vary based on regulatory compliance, user location, or ongoing maintenance. Always check the Fiat Withdrawal page for real-time updates.

Below is an overview of currently supported currencies and their associated withdrawal methods:

BRL (Brazilian Real)

• Payment Method: PIX
• No additional remarks; ensure your PIX key is correctly registered.

EUR (Euro)

• Payment Methods: SEPA, Zen.com
• SEPA is only available for users in select EU countries. An "IP Restricted" message may appear if your region isn’t supported.
• First deposit via SEPA or Zen.com required to link bank accounts.
• Virtual account details may need re-entry due to supplier changes—no new deposit needed.

ARS (Argentine Peso)

• Payment Method: Bank Transfer
• Requires manual linking with CUIT/CUIL and CBU/CVU information matching your Identity Verification.
• Proof of CUIT/CUIL may be requested during setup.

GBP (British Pound)

• Payment Methods: Zen.com, FPS (Faster Payments Service)
• A prior fiat deposit via the same method is required to enable withdrawals.

TRY (Turkish Lira)

• Payment Method: Bank Transfer
• Exclusive to Turkish residents. First withdrawal requires initial setup information.

PLN (Polish Złoty), HUF (Hungarian Forint), CZK (Czech Koruna), CHF (Swiss Franc)

• Payment Method: Zen.com (for all)
• All require a first fiat deposit via Zen.com to activate withdrawal functionality.

MXN (Mexican Peso)

• Payment Method: Bank Transfer
• Requires initial fiat deposit using the same method and account.

USD (US Dollar)

• Payment Method: SWIFT

• Only available to users who meet all of the following criteria:

  • VIP 3 or higher
  • Account registered for over 6 months
  • Not on the restricted issuing countries list
• Recipient account must be manually bound and match the name used in verification.

IDR (Indonesian Rupiah)

• Payment Method: Local Bank Transfer
• Requires first fiat deposit to link bank account.
• Up to three withdrawal accounts allowed—must be the first three used for deposits.

VND (Vietnamese Dong)

• Payment Method: Bank Transfer
• eKYC completion required per Vietnamese regulations, matching Identity Verification data.
• Up to three recipient accounts can be linked; subject to a review process taking up to 48 hours.

Step-by-Step Guide to Withdrawing Fiat from Bybit

Follow these clear steps to successfully complete your fiat currency withdrawal on Bybit:

Step 1: Navigate to Withdrawal Section

Open the Bybit app and go to Assets → Withdrawal → Fiat. Select the fiat currency you wish to withdraw.

Step 2: Enter Withdrawal Details

Fill in the following:

• Choose your fiat currency
• Input the withdrawal amount
• Select your preferred payment method
• Tap Continue

🔔 Important Notes Before Proceeding:

• Identity Verification (Level 1 minimum) is mandatory.
• A first fiat deposit is required for most payment methods.
• Complete Level 2 verification to increase withdrawal limits.
• Ensure sufficient balance in your Funding Account.

👉 Discover secure ways to transfer fiat and crypto across global platforms.

Step 3: Set Up or Confirm Recipient Account

If you've previously deposited via a specific account, it will be automatically linked for withdrawal.

For new accounts:

• Some methods require a successful first deposit before enabling withdrawals.
• Ensure the account name matches your verified identity exactly.
• Certain methods limit the number of linkable accounts—review guidelines carefully.
• For PIX, all keys must belong to the same CPF/CNPJ.

Once submitted, the withdrawal amount is held temporarily. If the request fails, funds are returned to your Funding Account.

Step 4: Review and Confirm Information

Double-check all entered details—including bank name, account number, and beneficiary name—for accuracy. Then tap Continue.

Step 5: Complete Two-Factor Authentication

Enter:

• Your email address
• Google 2FA code
• Email verification code (tap Get Code if not received)

Need help? Refer to Bybit’s troubleshooting guide for email verification issues.

Step 6: Wait for Processing

After confirmation, your request is processed. You’ll receive push and email notifications upon success.

⏳ Processing Time & Fund Arrival

• Successful processing ≠ immediate bank credit.
• Actual arrival depends on the bank or service provider.
• Delays beyond estimated times are common—typically resolved within 7–14 working days.
• SATOS-verified users face a 24-hour withdrawal hold after their first fiat deposit.

To track progress, tap Orders in the top-right corner to view your withdrawal history.

Frequently Asked Questions (FAQ)

Q: Do I need KYC verification to withdraw fiat on Bybit?
A: Yes. At minimum, Individual KYC Level 1 is required. Completing Level 2 increases your withdrawal limits and enhances account security.

Q: Why can’t I see my preferred payment method?
A: Availability depends on your country, regulatory status, or system maintenance. Check the Fiat Withdrawal page for updated options in your region.

Q: Can I withdraw to a different bank account than I deposited from?
A: For most methods, withdrawals are restricted to accounts used for prior deposits. Always verify name consistency and method-specific rules before initiating a transfer.

Q: How long does a fiat withdrawal take?
A: While processing on Bybit typically completes within hours, actual fund arrival varies—SEPA may take 1–3 business days; SWIFT can take up to 5–7 days; local transfers depend on regional banking systems.

Q: Are there fees for withdrawing fiat?
A: Fees vary by currency and payment method. You can view exact charges during the withdrawal process before confirming.

Q: What should I do if my withdrawal is stuck or failed?
A: If your withdrawal remains pending beyond 14 working days or fails repeatedly, contact Bybit Support with your order ID and transaction details for investigation.

Final Tips for Smooth Fiat Withdrawals

To avoid common pitfalls:

• Always match names across verification and bank accounts.
• Use only verified and previously used deposit accounts where required.
• Keep track of account linkage limits per currency.
• Monitor email and app notifications for status updates.

👉 Maximize your control over digital and fiat assets with advanced withdrawal tools.

By understanding the fiat withdrawal process on Bybit, you empower yourself with financial flexibility and operational confidence. Whether you're based in Europe, Latin America, Southeast Asia, or beyond, proper preparation ensures fast, secure transfers every time.

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