How to Withdraw Fiat Currency on Bybit Platform

Bybit supports multiple fiat currency withdrawals and offers various payment methods. Before initiating a fiat withdrawal, consider the following key points:

Key Considerations Before Withdrawing Fiat

  1. Regional Availability: Due to regulatory restrictions or system maintenance, certain currencies or payment methods may not be available to all users. Check the Fiat Withdrawal page for real-time updates.

  2. Account Limits: The number of withdrawal accounts you can link varies by payment method. Refer to the FAQ – Fiat Withdrawal for details.

  3. Initial Deposit Requirement: Some payment methods require users to complete a fiat deposit before enabling withdrawals. See the Notes column in the table below for specifics.

Supported Fiat Currencies & Payment Methods

Fiat Currency Payment Method Notes
Brazilian Real (BRL) PIX
Euro (EUR) SEPA, Zen.com SEPA is limited to select EU countries. Zen.com requires initial deposit.
Argentine Peso (ARS) Bank Transfer Requires manual account linking with CUIT/CUIL details.
British Pound (GBP) FPS, Zen.com Initial deposit needed for Zen.com.
Turkish Lira (TRY) Bank Transfer Turkey-only; requires info submission for first withdrawal.
Polish Złoty (PLN) Zen.com Initial deposit required.
Mexican Peso (MXN) Bank Transfer First deposit needed to link accounts.
US Dollar (USD) SWIFT Only for VIP 3+ users with 6-month account age.
Vietnamese Dong (VND) Bank Transfer Requires eKYC completion; allows up to 3 linked accounts.
Indonesian Rupiah (IDR) Local Bank Transfer First deposit required; max 3 withdrawal accounts.
Hungarian Forint (HUF) Zen.com Initial deposit needed.
Czech Koruna (CZK) Zen.com First deposit required.
Swiss Franc (CHF) Zen.com Initial deposit mandatory.

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Step-by-Step Withdrawal Guide

Step 1: Initiate Withdrawal

  1. Navigate to Assets → Withdraw → Fiat in the Bybit app.
  2. Select your desired fiat currency.

Step 2: Enter Withdrawal Details

  1. Choose currency and input amount.
  2. Select payment method.
  3. Click Continue.

Important Notes:
– View processing fees/times for each method on this page.
– Complete KYC verification and initial deposit before withdrawal.
– Corporate accounts only support BRL/ARS withdrawals after Business KYC.

Step 3: Account Verification

  • Previously used deposit accounts are auto-linked.
  • For new methods, complete a deposit first to enable withdrawals.
  • Verify all details before proceeding.

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Step 4-6: Confirm & Authenticate

  1. Double-check recipient information.
  2. Enter email and 2FA codes.
  3. Monitor email for confirmation (check spam folder if needed).

Step 7: Track Your Withdrawal

  • Processing typically takes 7-14 business days.
  • View status via Orders tab.

FAQs

1. Why is my payment method unavailable?

Some options are region-locked. Always check the Fiat Withdrawal page for updates.

2. How long do withdrawals take?

Standard processing is 1-3 days, but bank delays may extend this to 14 days.

3. Can I cancel a withdrawal?

No, once submitted, withdrawals cannot be canceled. Funds will return if the transaction fails.

4. Why was my withdrawal rejected?

Common reasons include:
– Name mismatch between Bybit and bank account
– Incomplete KYC
– Insufficient funds

5. Are there withdrawal limits?