Bybit Withdrawal Guide: Safely Transfer Crypto to Your Wallet

Bybit Withdrawal is a key feature of Bybit, a global cryptocurrency exchange that supports a wide range of digital assets. This functionality allows users to securely transfer their funds from the exchange to personal wallets or other platforms. Whether you’re managing your investments or moving assets for added security, Bybit makes the withdrawal process seamless and efficient.

Bybit Withdrawal Requirements and Pre-Check

Double-check the accuracy of the wallet address for the cryptocurrency you are withdrawing. Assets sent to an incorrect address cannot be recovered.

Ensure the withdrawal network matches the network supported by the cryptocurrency. Mismatched networks may result in asset loss.

Withdrawal fees vary depending on the cryptocurrency and network. Be aware that the final withdrawal amount is calculated after deducting the fees.

Withdrawal limits depend on your KYC verification level

Enable two-factor authentication (2FA) to enhance security before making a withdrawal. Withdrawals may fail if 2FA is not set up.

Enable Google 2FA for Bybit Withdrawal

① Navigate to Security: Tap on the “Security” option in the main account menu to access security settings.
② Enable Google 2FA Authentication: Toggle the “Google 2FA Authentication” option to enable two-factor authentication for your account.

③ Enter Email Verification Code: Input the 6-digit verification code sent to your registered email address into the provided boxes.
④ Copy the Setup Key: Copy the setup key displayed on the screen.

⑤ Open Google Authenticator: Open the Google Authenticator app after downloading it from the app store.
⑥ Enter Setup Key or Scan QR Code: Select “Enter a setup key” in the Google Authenticator app.

⑦ Enter Account Name: Type a name for the account (e.g., “Bybit (phone)”) to identify it in the Google Authenticator app.
⑧ Input Setup Key: Paste the setup key provided by Bybit into the “Key” field to establish the connection.
⑨ Save the Account: Tap the “Add” button to save the account in the Google Authenticator app.
⑩ Activate Google 2FA Authentication: After linking the account, you can confirm that the “Google 2FA Authentication” option is enabled in Bybit’s security settings.

Enable Google 2FA for Bybit Withdrawal

1) Generate Deposit Address on Binance

① Navigate to Assets: In the Binance app, tap the “Assets” tab at the bottom.
② Select Deposit: Tap on the “Deposit” icon to initiate a deposit process for a specific cryptocurrency.
③ Choose XRP: Please search for or select the cryptocurrency you wish to deposit.

④ Choose Network: Select the network you want to use for the deposit or withdrawal (e.g., XRP Ledger, BNB Smart Chain (BEP20), Ethereum (ERC20)).
⑤ Deposit Address: Copy the deposit address provided for the selected network. Make sure to enter it correctly on your withdrawal platform.
⑥ XRP Tag: Copy the XRP Tag (sometimes called Memo Tag). You must include this tag when withdrawing XRP to ensure it arrives in your account properly.

2) Bybit Withdrawal Request

⑦ Navigate to Assets: Tap the “Assets” tab at the bottom of the Bybit app.
⑧ Select Withdraw: Click on the “Withdraw” button to start the withdrawal process.
⑨ Choose XRP: Search for XRP in the list of cryptocurrencies and select it to proceed with the withdrawal.

⑩ Enter Withdrawal Address: Paste the withdrawal address.
⑪ Select Network: Choose the appropriate blockchain network from the dropdown menu.
⑫ Enter Tag/Memo (Optional): Some cryptocurrencies require a deposit/withdrawal tag. Paste the copied tag.
⑬ Enter Withdrawal Amount: Specify the withdrawal amount. Ensure it meets the minimum requirement displayed.
⑭ Initiate Withdrawal: Click on the “Withdraw” button to proceed with the transaction.
⑮ Confirm Security Verification: Complete the security verification process and confirm the withdrawal. You may choose to skip verification for this address in the future.

⑯ Email Verification Code: Request the verification code sent to your registered email address. Resend if needed.
⑰ Google Authenticator Code: Enter the code generated by the Google Authenticator app and paste it into the field.
⑱ Confirm Withdrawal Submission: After completing security verification, tap “OK” to confirm your withdrawal or “View withdrawal history” to check its status.

⑲ Withdrawal History: The “Asset History” page displays the details of your XRP withdrawal, including the transaction date, time, type, and amount withdrawn.

Withdrawal Precautions