Here’s a step-by-step guide to help you submit an on-chain withdrawal request efficiently and securely.
Key Notes Before Proceeding
- Authentication Requirements: Email and Google Authentication are mandatory for submitting withdrawal requests.
- Supported Coins: Only coins listed on the Funding Assets page with an active Withdrawal button are eligible.
- Processing Time: Withdrawals are immediate, but confirmation depends on blockchain network traffic.
- Tag/Memo Coins: For coins like XRP or EOS, ensure you enter the correct Tag/Memo to avoid delays.
Step-by-Step Withdrawal Guide
Step 1: Open the Bybit App
Launch the Bybit mobile app. You’ll land on the Home page by default.
Step 2: Navigate to Assets
Tap the Assets tab at the bottom of the screen.
Step 3: Initiate Withdrawal
Click the Withdraw button at the top of the Assets page.
Step 4: Select Your Coin
Choose the cryptocurrency you wish to withdraw. Alternatively:
- Go to Funding.
- Select the desired coin.
- Click Withdraw at the bottom of its page.
Step 5: Enter Withdrawal Details
a) Wallet Address:
- Manually enter a new address,
- Select from saved addresses, or
- Use the Address Book (📖) to add a new one.
b) Chain Type: Select the correct blockchain network (e.g., ERC-20, BEP-20).
c) Amount: Enter the withdrawal amount. The app displays:
- Available balance,
- Withdrawal fee,
- Final received amount.
👉 Need help choosing the right network?
Note: Assets must be in your Funding Account. If not, transfer them by:
- Clicking the + icon above the amount field.
- Selecting Transfer (🔄).
d) Click Confirm to proceed.
Step 6: Complete Verification
If the wallet address is unverified, enter:
- Email verification code,
- Google Authenticator code.
- Whitelisted addresses skip this step.
Success! Your withdrawal request is submitted.
FAQs
How long does a withdrawal take?
Processing is instant, but blockchain confirmations vary by network congestion.
What if I forget the Tag/Memo?
Missing Tag/Memo for coins like XRP may delay or lose funds. Always double-check!
Can I cancel a withdrawal?
No. Once submitted, withdrawals cannot be reversed. Verify details before confirming.