How to Withdraw From Bybit to a Nigerian Bank Account

Updated

Short answer: Withdraw your crypto from Bybit to your KWIQ deposit address on the matching network, then swap it to naira in KWIQ (free for crypto-to-naira) and withdraw to your Nigerian bank. No P2P buyer involved.

Bybit lets you trade, but to get naira in a Nigerian bank account you either sell on P2P (to a stranger) or move your crypto to a platform that pays naira. Here's the second, simpler route with KWIQ.

Step 1: Copy your KWIQ deposit address

  1. Install KWIQ and sign up.
  2. Open the wallet for the coin you're moving, for example USDT.
  3. Copy the deposit address and note its network.

Step 2: Withdraw from Bybit

  1. In Bybit, open Assets and choose Withdraw (menu names can change between app versions).
  2. Pick the coin and paste your KWIQ address.
  3. Choose the same network your KWIQ app showed.
  4. Check the fee and amount, then confirm with Bybit's security checks.

Tip: if Bybit asks you to add the address to an address book or whitelist first, do that, then withdraw.

Step 3: Sell for naira and withdraw

When the deposit arrives, swap it to naira in KWIQ and withdraw to any Nigerian bank account.

See what you'll get: USDT to naira rate today · all crypto to naira rates.

Why not P2P?

P2P can work, but you're relying on a stranger to pay correctly, and fake alerts, reversed transfers and third-party payments do happen. Selling to KWIQ means one counterparty, a rate you see up front, and no waiting for a buyer.

Using another exchange? See Binance to Nigerian bank or Trust Wallet to Nigerian bank.

Frequently asked questions

Can I cash out from Bybit to my Nigerian bank without P2P?

Yes. Withdraw your crypto from Bybit to your KWIQ wallet, swap it to naira and withdraw to your bank. You deal with KWIQ directly instead of a P2P buyer.

Which network should I choose on Bybit?

The same network your KWIQ deposit screen shows for the address you copied. Choosing a different network can lose your funds.

How long does it take?

Bybit withdrawals usually reach the destination in minutes, depending on the network and Bybit's checks. Once the deposit shows in KWIQ, you can sell and withdraw straight away.

What does it cost?

Bybit charges a network fee for the withdrawal. Swapping crypto to naira on KWIQ is free.

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