100% of our clients' assets are stored in Bybit's multi-signature cold wallet. A multi-signature cold wallet is an offline wallet and requires at least 2 out of 3 authorizations before the releasing of any funds, ensuring maximum asset security. As such, all our clients are required to submit a manual withdrawal request and subject it to a stringent withdrawal request processing happening at 3 designated timings ( 0000, 0800 and 1600 UTC )
After the successful processing of your withdrawal request, traders can expect to receive their coins within 2 hours ( Subjected to the blockchain's mining capabilities and transaction workloads).
For more information regarding the various statuses shown inside your Withdrawal History, please kindly visit https://help.bybit.com/hc/en-us/articles/900000065183