Q) Why did I not receive my withdrawal after submitting a withdrawal request?
A: For account asset security purposes, all withdrawal requests are subjected 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).
Q) Are there any withdrawal limits on the Bybit platform?
A: Yes, there are. Please refer to the table below for more details. This limit will be reset daily at 0000 UTC
|Individual account limit||Total platform limit|
|BTC||500 BTC||3,000 BTC|
|ETH||10,000 ETH||40,000 ETH|
|EOS||1,000,000 EOS||10,000,000 EOS|
|XRP||2,000,000 XRP||100,000,000 XRP|
|USDT||1,000,000 USDT||8,000,000 USDT|
For any special request, please reach out to our live chat support
Q) Is there a minimum amount for withdrawal?
A: Yes, there is. Please refer to the table below for more details. Please note that Bybit pays a standard miner fee. Hence, it is fixed for any withdrawal amount.
|USDT||10 USDT||10 USDT|
Q) When does Bybit process withdrawal requests?
A: Bybit processes and review all withdrawal requests at 3 fixed time intervals at 0800, 1600 and 0000 UTC.
Q) Why does Bybit not support immediate withdrawals? Instead, why must all withdrawals go through a manual reviewing process?
A: 100% of our clients' assets are stored in Bybit's multi-signature cold wallet. A multi-signature cold wallet is an offline cold 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 )
Q) Why are Bybit withdrawal fees relatively higher compared to other platforms?
A: Bybit charged a fixed fee for all withdrawals and dynamically adjust the batch transfer miner fee to a higher level to ensure the faster confirmation speeds of withdrawals on the blockchain.
Q) Can traders fix their own withdrawal fees on Bybit?
A: At the moment, no. However, Bybit is considering enabling this option for traders to determine their own withdrawal fees in the future.
Q) What do the various statuses inside Withdrawal History symbolizes?
a) Pending Email Confirmation = Traders need to login to the inbox of their registered email address to confirm the withdrawal confirmation email.
b) Pending Review = Traders have successfully submitted their withdrawal request and are pending a withdrawal review at 0000, 0800 and 1600 UTC.
c) Pending Transfer = The withdrawal request has been successfully reviewed and pending submission onto the blockchain.
d) Successfully Transferred = The withdrawal of assets is successful and complete.
e) Confirmation Email Expired = The withdrawal confirmation email sent to your inbox has expired. If traders would like to continue to withdraw their assets, please resubmit a new withdrawal request.
f) Rejected = The withdrawal request has been rejected due to varying reasons.
g) Canceled = The withdrawal request has been canceled by the user.
Q) Does Bybit support withdrawals to a segwit BTC wallet address?
A: No, Bybit does not support withdrawals to segwit BTC wallet addresses starting with "bc1", also known as bech32 addresses. Instead, Bybit only supports BTC withdrawals to wallet addresses starting with "1" or "3".
Q) Does Bybit support withdrawals to a Smart Contract ETH wallet address?
A: No, Bybit does not support ETH withdrawals via Smart Contracts method. Instead, Bybit only supports ETH withdrawals via Direct Transfer method.
Q) I tried to transfer ETH from my spot wallet to Bybit wallet address and it states that Bybit ETH wallet address is not EIP55 ready. What can I do?
A: Convert your account's Bybit ETH wallet address to become EIP55 ready. To do so, copy your ETH wallet address into Etherscan, perform a search and the corresponding EIP55-ready wallet address will appear on the top left corner (red box)
Q) Does Bybit support XRP/EOS withdrawals to a wallet address without a tag/memo?
Yes, Bybit does support XRP or EOS withdrawals to a wallet address without tag/memo. However, please be aware that it is the traders' sole responsibility to check with their destination wallet address provider on the need to indicate a tag/memo when transferring XRP or EOS out of Bybit.
Bybit will not be responsible for any missing XRP or EOS due to withdrawal without indicating any tag/memo.
Q) Does Bybit support USDT withdrawal via Omni blockchain?
A: No, Bybit does not support USDT withdrawals via Omni. Instead, Bybit only supports ERC20 USDT withdrawals via ETH blockchain.
Q) Why is my account restricted from performing a withdrawal?
A: For account and asset security purposes, please be informed that the following actions will lead to withdrawal restrictions for 24 hours.
1. Change or reset of account password
2. Removing of Google Authenticator 2FA by the user
3. Change of registered mobile number