Navigating crypto withdrawals on trading platforms can be confusing, especially when security protocols, network fees, and verification levels come into play. This comprehensive guide breaks down everything you need to know about on-chain crypto withdrawals on digital asset platforms, focusing on withdrawal limits, processing times, security restrictions, and common troubleshooting steps.
Whether you're a new trader or an experienced investor, understanding these key aspects ensures smooth and secure fund movements. Below, we explore frequently asked questions with clear, actionable answers—optimized for both user experience and search visibility.
Understanding Withdrawal Limits
Withdrawal limits are determined by your account’s VIP level and KYC (Know Your Customer) verification status. These tiers help platforms manage risk while offering higher liquidity to trusted users.
- Non-Verified Accounts: Limited to ≤ 20,000 USDT daily and ≤ 100,000 USDT monthly.
- Standard KYC: Increases daily limit to up to 1 million USDT.
- Advanced KYC: Allows up to 2 million USDT per day.
- Business Verification: Supports up to 4 million USDT daily.
Higher VIP levels (from VIP 1 to Pro 6) progressively increase daily withdrawal capacity, with Pro 6 having no fixed cap. All limits are based on USDT equivalent value.
👉 Discover how verification boosts your trading power and withdrawal flexibility.
Note: Daily limits reset at 12 AM UTC. Monthly limits apply only to non-KYC users—verified accounts enjoy unlimited monthly withdrawals.
Can You Increase Your Withdrawal Limit?
Yes—your withdrawal capacity scales with both account verification and trading volume, which determines your VIP tier. Upgrading from standard to advanced or business KYC can significantly raise your limits. Additionally, consistent platform activity may automatically promote you to higher VIP levels.
For detailed steps on upgrading verification, refer to official support resources. Always ensure your documents are current and valid to avoid delays.
Why Can’t I See a Withdrawable Balance?
If your Unified Trading or Earn accounts show funds but nothing appears in your withdrawable balance, it’s because withdrawals can only be initiated from the Funding Account.
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To resolve this:
- Transfer funds from other sub-accounts to your Funding Account.
- Wait for confirmation.
- Initiate the withdrawal.
This structure enhances security and operational clarity across different financial functions within your portfolio.
When Are Withdrawals Processed?
Most on-chain crypto withdrawals are processed instantly, typically within 15 minutes. However, during periods of high blockchain congestion—such as during major market movements or NFT mints—processing times may extend due to network delays.
While the platform handles its part quickly, final confirmation depends on the underlying blockchain's speed and miner fees.
Why Is My Account Restricted from Withdrawing?
For security reasons, certain account actions trigger a 24-hour withdrawal freeze. These include:
- Resetting your password or fund password
- Changing your mobile number or email
- Disabling two-factor authentication (2FA) like Google Authenticator
- Modifying withdrawal address lock settings
- Transferring KYC identity between accounts
- Reactivating a dormant account
These measures protect against unauthorized access and potential asset loss.
Any action involving fund movement—including internal transfers and P2P trades—is classified as a withdrawal-related event.
Which Cryptocurrencies Can I Withdraw?
Supported tokens and chains are updated in real time. You can check the latest availability—including suspended services—on the platform’s Deposit/Withdraw Status page.
This tool shows:
- Active and paused networks
- Estimated confirmation times
- Minimum transfer amounts
- Current network congestion alerts
Staying informed helps avoid failed transactions and lost fees.
How Do I Get Notified When a Suspended Service Resumes?
If a token or chain is temporarily unavailable, use the Set Alert feature:
- Go to the Withdrawal page.
- Select the desired token and chain.
- Click Set Alert.
You’ll receive a notification once service resumes. Alternatively, visit the Deposit/Withdraw Status page and set alerts next to any "Suspended" entry.
What Are Minimum Withdrawal Amounts and Fees?
Each cryptocurrency has a minimum withdrawal threshold and network fee, visible when you select a coin and chain during the withdrawal process. These vary based on network conditions and token type.
For example:
- Small BTC transfers may require higher miner fees during peak usage.
- ERC-20 tokens depend on Ethereum gas prices.
Fees are dynamically adjusted to ensure fast confirmations.
The fee is deducted from your withdrawal amount by default—but you can change this setting in the withdrawal interface.
Are Fees Included in My Withdrawal Amount?
By default, yes—the network fee is subtracted from the amount you enter. However, there's an option to set “Withdrawal Amount Entered = Amount Received,” meaning you must manually add the fee to your total.
⚠️ If using the "All" button to withdraw full balance:
- With default settings: works seamlessly.
- With custom fee settings: may fail unless fee is pre-added.
Always double-check before confirming.
Is There a Fee for Internal Transfers?
No. Internal transfers between users on the same platform are free of charge. This includes sending crypto directly to another user’s wallet using their UID.
This method is faster than on-chain withdrawals and avoids blockchain fees entirely.
How Do I Check Withdrawal Status and TXID?
All transaction records are available under:
Funding Account History → Withdraw
Here, you’ll find:
- Current status (e.g., Under Review, Sent, Completed)
- Transaction Hash (TXID)
- Network used
- Fee details
- Confirmation count
Clicking on a specific entry reveals the TXID, which is essential for tracking on explorers like Etherscan or Blockchain.com.
My Withdrawal Shows "Complete" But Funds Haven’t Arrived
If the TXID confirms success but the recipient wallet doesn’t show funds:
- Contact the wallet provider or exchange support.
- Provide the TXID for investigation.
In rare cases, assets may be refunded due to invalid addresses or smart contract issues. If so:
- Submit a support case with transaction details.
- Await response via email from customer service.
Why Do I See a Risk Warning During Withdrawal?
The system flags certain addresses as high-risk, such as those linked to scams, mixers, or unverified contracts. In such cases:
✅ Consider using a different, trusted address
❌ Proceeding may result in rejection or temporary account restriction
Additional verification may be required before allowing the transfer.
Why Are Withdrawal Fees Higher Than Other Platforms?
Bybit uses a fixed base fee plus dynamic miner fees adjusted for network speed. This ensures faster blockchain confirmations, especially during congestion—prioritizing reliability over cost savings.
While fees may appear higher, they reflect real-time network demands rather than subsidized rates.
Can Users Set Custom Withdrawal Fees?
Currently, no—traders cannot manually adjust fees. However, the platform is exploring options to allow user-defined fees in the future for greater control.
What Do Withdrawal Statuses Mean?
Understanding each stage improves transparency:
- Under Review: Awaiting platform approval
- Withdrawal In Progress: Approved, preparing for broadcast
- Sent: Transaction submitted to blockchain
- Completed: Confirmed by network
- Canceled: User-initiated cancellation (only possible pre-review)
- Rejected: Failed due to policy or risk issues
Does the Platform Support Smart Contract ETH Addresses?
No. ETH withdrawals must go to externally owned accounts (EOAs) via direct transfer—not smart contracts. Sending ETH to contract addresses without proper interface may result in permanent loss.
Can I Withdraw BTC to a SegWit Address?
Yes. The platform fully supports Bech32 (bc1) and other segwit-compatible BTC addresses for faster, cheaper transactions.
What About Tokens Requiring Memo/Tag?
Some tokens (e.g., XRP, SOL) require a memo or tag for correct crediting. While withdrawals without one may go through, destination wallets might not credit the funds.
❗ You are solely responsible for including memos. The platform will not recover lost assets due to missing tags.
My ETH Address Isn’t EIP55 Ready—What Should I Do?
EIP55 adds checksum validation to Ethereum addresses. To fix:
- Paste your Bybit ETH address into Etherscan.
- The correct EIP55-formatted address appears at the top left.
- Use that version for future transfers.
This prevents accidental typos and improves security.
Why Do I Get “Invalid Code” for My 2FA?
This usually stems from incorrect device time settings—common after time zone changes. To fix:
- Sync your Google Authenticator clock.
- Re-link if necessary via security settings.
Refer to official troubleshooting guides for step-by-step help.
How Do I Cancel a Withdrawal?
Only requests in "Under Review" status can be canceled. Once processing begins ("Sent"), cancellation is impossible—the blockchain transaction cannot be reversed.
Use caution when confirming large transfers.
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Frequently Asked Questions
Q: How often do withdrawal limits reset?
A: Daily limits reset at 12 AM UTC; monthly limits reset on the first day of each month—but only for non-KYC users.
Q: Can I withdraw directly from my Earn account?
A: No. You must first transfer funds to your Funding Account before initiating any withdrawal.
Q: What happens if I send crypto to a suspended network?
A: The transaction will be blocked at submission, preventing loss of funds.
Q: Are internal transfers instant?
A: Yes—they usually complete within seconds and are free of network fees.
Q: How do I avoid losing funds due to missing memos?
A: Always confirm with your receiving wallet whether a memo/tag is required before sending.
Q: Is it safe to ignore risk warnings during withdrawal?
A: Not recommended. High-risk addresses could lead to irreversible losses or account restrictions.
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