Bybit is introducing a new withdrawal method that allows users to instantly transfer assets between Bybit accounts without withdrawal fees. For transfers to external platforms or wallets, you'll need to use standard on-chain withdrawals. Follow this comprehensive guide to learn how to withdraw crypto via internal address transfer on Bybit.
Step-by-Step Guide to Internal Address Withdrawals
Step 1: Access the Withdrawal Interface
- Open the Bybit mobile app
- Tap Assets in the bottom-right corner
- Select Withdraw from your asset management page
Important Note:
Withdrawals can only be processed from your Funding or Spot accounts. If your assets are in other accounts:
- Tap Transfer first
- Move funds to your Funding/Spot account before proceeding
Step 2: Select Your Cryptocurrency
Choose the specific coin/token you wish to withdraw from the available options.
Step 3: Configure Withdrawal Parameters
Complete these required fields:
- Withdrawal Method: Select "Internal Address Transfer"
- Currency: Confirm your selected cryptocurrency
Recipient Account: Enter the recipient's:
- Email address
- UID
- Mobile number
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Pro Tips:
- Internal transfers require completed KYC verification
- Save frequent recipients to your address book by clicking Add
- Double-check all recipient details before proceeding
- Amount: Enter your withdrawal amount or click All for full balance
- Review all information carefully before submission
Step 4: Complete Security Verification
If your account has unverified contact methods:
Email Verification:
- Click "Get Code" and complete the slider CAPTCHA
- Retrieve the 6-digit code from your registered email
- Enter the code within 5 minutes (check spam folder if missing)
Google Authenticator:
- Enter the current 6-digit code from your authenticator app
Step 5: Confirm Withdrawal
Click Confirm to finalize your withdrawal request. Your funds will transfer instantly!
Tracking Your Transactions
To view your transfer history:
- Go to the Withdrawal page
- Tap the history icon (top-right corner)
- Select Internal Address Transfer - Withdrawal tab
Recipients can check deposits under Internal Address Transfer - Deposit records.
FAQ: Internal Address Transfers
Q: Are there any fees for internal transfers?
A: No - Bybit charges zero fees for internal account transfers.
Q: What's the maximum amount I can transfer internally?
A: Your available account balance determines the maximum, with no additional limits for verified accounts.
Q: How long do internal transfers take?
A: Transfers between Bybit accounts complete instantly after confirmation.
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Q: Can I cancel an internal transfer after submission?
A: No - internal transfers process immediately and cannot be reversed.
Q: Which cryptocurrencies support internal transfers?
A: Most major coins and tokens on Bybit support this feature, except for certain newly listed assets.
Security Best Practices
- Always verify recipient details before transferring
- Enable all available security features (2FA, withdrawal whitelist)
- Never share your verification codes with anyone
- Regularly update your account password and security settings
For enhanced security management, consider:
- Setting withdrawal limits
- Using address whitelisting
- Enabling anti-phishing codes