Minimum withdrawal
The smallest amount the platform currently allows you to send in one withdrawal.
GUIDE · BITCOIN IN SIMPLE WORDS
How to withdraw bitcoin from Bybit EU to your own wallet
A practical beginner example — from withdrawing on Bybit EU to sending bitcoin to your own BlueWallet.
In Book 1, after Alex makes his first small bitcoin purchase, the next step is to move it to a wallet he controls himself. In the previous guide, we created a self-custody wallet with BlueWallet and found our own Bitcoin receiving address. Here, we continue from there and walk through an on-chain withdrawal from Bybit EU to your own wallet.
Bybit EU is used as one practical example. The interface, limits, fees, and verification steps may change over time.
What you will do
You will follow the full path from the Withdraw screen to sending BTC to your own BlueWallet.
- Open a BTC withdrawal on Bybit EU.
- Choose On-chain Withdrawal.
- Use your own Bitcoin receiving address from BlueWallet.
- Choose the Bitcoin network and enter the amount.
- Review the withdrawal fee and the amount you will receive.
- Complete the Travel Rule information for your personal wallet.
- Finish any required checks and wait for the bitcoin to appear in your wallet.
Before you start
You need BTC available on Bybit EU, your own Bitcoin receiving address from the previous guide, and access to your account security methods such as email and 2FA if requested.
Withdrawal fee
The platform fee for the on-chain withdrawal. It is not the same thing as the minimum withdrawal.
Open Withdraw and select BTC
Open Withdraw on Bybit EU and select BTC. To send bitcoin to your own BlueWallet, use On-chain Withdrawal rather than Internal Transfer.
Enter the address, network, and amount
Fill in the withdrawal details on the same screen.
- In Wallet Address, paste your own Bitcoin receiving address from BlueWallet — the one you found in the previous guide.
- Under Chain Type, choose BTC, the Bitcoin network.
- In Amount, enter the BTC amount you want to send.
- Check the minimum withdrawal, Transaction Fee, and Amount Received before pressing Confirm.
Important
The Bitcoin address shown in the screenshot is the test address used in our guide examples. Do not copy it. For your withdrawal, use the receiving address from your own BlueWallet.
Understand the amount and fee
In our example, Amount is 0.00028 BTC, Transaction Fee is 0.000068 BTC, and Amount Received is 0.00028 BTC. On this screen, the fee is charged in addition to the displayed withdrawal amount rather than being deducted from Amount Received.
Important
The values in the screenshot are only the example shown when this guide was created. The current minimum and withdrawal fee can change. Always use the values shown in your own account.
Review everything before Submit
After you press Confirm, Bybit EU shows a final review screen. Check the wallet address, Chain Type, Actual Amount Received, and Transaction Fee again before continuing.
If anything is wrong, press Back. “No verification needed for this address next time” is optional and relates to future withdrawals to the same address. You do not need to enable it for your first withdrawal.
Complete Travel Rule Verification
Bybit EU may show a Travel Rule Verification form. The first option may be set for another platform or crypto service provider. Because you are sending to your own BlueWallet, change it to Personal wallet and then choose My Wallet.
In Purpose of transaction, enter a short and accurate reason for the transfer. It is a free-text field and requires at least 4 characters.
EXAMPLE ONLYTransfer to my personal wallet
A simple example that clearly describes a transfer to your own wallet.
Check the Travel Rule details and continue
After entering the purpose, make sure the information is correct and tick the confirmation box. The screen should look similar to the example below.
If all the details are correct, press Submit to continue.
Important
Enter the real details for your own transfer. The example in this guide does not replace the information that must be accurate for your transaction.
Complete the security checks
Depending on your account, the address, and the checks applied by Bybit EU, you may be asked for extra steps such as an email verification code, 2FA, or wallet ownership verification. Follow only the instructions shown on the official Bybit EU website or app.
Wait for the bitcoin to appear in your wallet
After you submit the withdrawal, Bybit EU processes the request and the transaction is sent to the Bitcoin network. The timing is not always the same. You can check your withdrawal history and once a TXID is available, confirm that the transaction has been sent to the network.
What you achieved
You have now connected the first three practical steps of the journey: you bought bitcoin, created and secured your own self-custody wallet, and learned how to move BTC from Bybit EU to your own Bitcoin address.
Frequently asked questions
Can I use the address shown in the screenshot?
No. The address in the screenshots is the test address used in our examples. For your withdrawal, use your own Bitcoin receiving address from BlueWallet.
What is the difference between the minimum withdrawal and the withdrawal fee?
The minimum withdrawal is the smallest amount you are allowed to send. The withdrawal fee is the platform fee for the withdrawal. They are two different things.
Can I choose another network to pay a lower fee?
Not when you are sending BTC to a Bitcoin address in BlueWallet. For this process, choose BTC, the Bitcoin network.
What does Personal wallet mean in the Travel Rule form?
It means the destination is a personal wallet rather than another platform or crypto service provider. In our example, that is your own BlueWallet.
How long will it take to arrive?
There is no fixed time. It depends on platform processing and the Bitcoin network.
What is a TXID?
It is the transaction identifier on the Bitcoin network. Once available, it can be used to track the transaction.