Bybit is introducing a new withdrawal method that allows users to instantly transfer assets to other Bybit accounts without network fees. For transfers to external exchanges or wallets, you'll need to use standard chain withdrawals.
Step-by-Step Guide to Internal Address Withdrawals
Step 1: Access the Withdrawal Interface
- Open the Bybit App and tap Assets at the bottom-right
- Select Withdraw from your asset dashboard
👉 Note: Withdrawals only process from your Funding or Spot Account. Transfer assets from other accounts first if needed.
Step 2: Select Your Cryptocurrency
Choose the token you wish to withdraw from the available options.
Step 3: Configure Transfer Details
Complete these fields:
- Method: Internal Address Transfer
- Currency: Your selected token
Recipient: Enter the recipient's:
- UID
- Mobile number
👉 Pro Tip: Save frequent recipients in your address book for faster future transactions.
- Amount: Enter quantity or tap Max for full balance
- Double-check all details before submission
Step 4: Complete Security Verification
If unverified, complete:
Email Code:
- Solve the slider CAPTCHA
- Enter the 6-digit code sent to your registered email
(Check spam folder if delayed)
Google Authenticator:
- Input the 6-digit GA code
👉 Troubleshoot verification issues
Step 5: Confirm Transfer
Tap Submit to complete your withdrawal request.
Tracking Your Transaction
- Sender: View under Withdrawal History → Internal Transfers
- Recipient: Check Deposit Records → Internal Transfers
FAQ
Q: Are there fees for internal transfers?
A: No. Bybit waives all fees for internal address transactions.
Q: What's the processing time?
A: Transfers complete instantly when both accounts are verified.
Q: Can I cancel a submitted request?
A: Internal transfers execute immediately and cannot be reversed.
Q: Is KYC required?
A: Yes. Both sender and recipient accounts must complete identity verification.
Q: What tokens support this feature?
A: All major cryptocurrencies listed on Bybit's platform.
For further assistance, visit Bybit's Help Center.
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