How To Withdraw Money From ByBit to Your Bank
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In this video, we’ll guide you through the steps to withdraw money from Bybit to your bank account. Whether you're cashing out profits or accessing funds for other needs, we'll show you the two main ways to do this. • Steps to Withdraw Money from Bybit to Your Bank Account: • Open the Bybit App: • Launch the Bybit app on your mobile device. • Log in with your account credentials if not already signed in. • Method 1: Transferring via an External Wallet • Go to Assets: Tap on the Assets tab at the bottom of the screen. • Set Up Your Wallet: If not already done, add your funding wallet by verifying your email and completing the setup. • Choose Asset and Network: • Select the cryptocurrency you want to withdraw. • Choose the appropriate network (On-chain or Internal). • Enter Wallet Address: Copy your external wallet address and paste it into Bybit's withdrawal section. • Transfer to External Wallet: • Confirm the withdrawal details. • Once the funds reach your external wallet, sell the crypto on another platform (e.g., Binance or Coinbase). • Link your bank account on that platform and withdraw the equivalent fiat currency directly to your bank. • Method 2: Using P2P (Peer-to-Peer) Sales • Go to Spot Trading: Tap on the Spot tab at the bottom of the screen. • Sell Your Crypto: • Choose the cryptocurrency you wish to sell (e.g., Bitcoin or Ethereum). • Switch the order type to Market for an instant sale. • Enter the quantity of the cryptocurrency you want to sell and tap on Sell. • Provide Banking Details: • During the P2P sale process, share your bank details securely with the buyer. • The buyer will transfer the equivalent fiat amount directly to your bank account. • Confirmation and Verification: • Always double-check transaction details before confirming. • If using P2P, verify the payment receipt before releasing the crypto to the buyer. • Ensure your Bybit account is fully verified to avoid withdrawal restrictions. • Use secure platforms and trusted buyers for P2P transactions. • Keep track of transaction fees for both on-chain transfers and P2P trades. • Thank you for watching! If this guide was helpful, don't forget to like, subscribe, and leave a comment with your feedback or questions. See you in our next video! • #Bybit #CryptoWithdrawal #P2PTrading #CryptoToBank #CryptoGuide #CryptoToFiat #WithdrawCrypto #BybitTips • --------------------------------------------------------------------- • • DISCLAIMER: This Channel BitVision is not the official supporter of the content that is shown, does not advocate for any illegal content, and only serves educational purposes. Any websites or logos that appear on videos or thumbnails are not the property of this channel. The information is based on individual research, and no financial advice is intended to be given. This channel's material does not aim to deceive its audience.
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