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
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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.
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Account Limits: The number of withdrawal accounts you can link varies by payment method. Refer to the FAQ – Fiat Withdrawal for details.
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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
- Navigate to Assets → Withdraw → Fiat in the Bybit app.
- Select your desired fiat currency.
Step 2: Enter Withdrawal Details
- Choose currency and input amount.
- Select payment method.
- 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
- Double-check recipient information.
- Enter email and 2FA codes.
- 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