Bybit has announced that it will no longer support asset withdrawal and custody for French users starting January 2025 due to regulatory changes.
What Will Happen to Your Assets After Jan 8, 2025?
On January 8, 2025, users with assets worth 10 USDC or less will incur a 10 USDC fee, closing their accounts thereafter. Users with more than 10 USDC will have their assets transferred to Coinhouse.
How to Withdraw Your Assets After Jan 8th, 2025
Withdrawals will be unavailable from Jan 8 to Jan 16, 2025. Once transferred to Coinhouse, users can access their assets. Those without a Coinhouse account will need to register and complete ID verification.
Clarification on Fees and Conversion Rates
Assets will be converted to USDC without extra fees. No fees apply for transferring to Coinhouse, but unverified accounts may incur a custody fee.
French Bybit users must take note of these changes to avoid unexpected account closures and fees.
