Summary
This article provides step-by-step instructions for withdrawing Euro balances from your Bitvavo account to your linked bank account. It explains the process for both the Bitvavo app and website, details the timeline for withdrawals to Dutch and non-Dutch bank accounts, and highlights potential delays during national holidays. It also confirms that there are no fees for withdrawing euros.
Note that withdrawals are only possible to linked bank accounts, and digital currency must be sold first to withdraw Euros. If you need help selling digital currency, detailed instructions can be found here
Click on the tabs for instructions for the app or website.
Instructions for the Bitvavo App
- Log in to your Bitvavo app.
- Tap the middle blue button and select Withdrawal.
- If you have multiple bank accounts linked, choose the bank account you wish to withdraw to.
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Enter the amount to withdraw and select Continue.
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Verify the amount and the bank account. If you have Two-Factor Authentication (2FA) enabled, enter your Two-Factor code. Click on Confirm and withdraw.
Processing Time: Withdrawals take one business day for Dutch bank accounts and two business days for non-Dutch bank accounts.
Instructions for the Bitvavo Website
- Log in to your Bitvavo account.
- Click on the Withdraw button.
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Enter the amount to withdraw and select Continue.
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If you have multiple bank accounts linked, choose the bank account you wish to withdraw to.
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Verify the amount and the bank account. If you have 2FA enabled, enter your Two-Factor code.
- Click on Confirm and withdraw.
Processing Time: Withdrawals take one business day for Dutch bank accounts and two business days for non-Dutch bank accounts.
Withdrawals during national holidays
When you request a withdrawal, Bitvavo sends the order directly to our bank. However, during weekends and holidays, banks do not process transactions, causing delays. Major holidays that may affect processing times include:
- Easter (dates vary each year)
- Pentecost (dates vary each year)
- Christmas (25 and 26 December)
For example, if you withdraw on Thursday and there’s a national holiday on Friday and/or Monday, the processing may not start until Tuesday. The funds might only reach your bank account by the following Wednesday. We apologize for any inconvenience and ask for your patience during these periods. Please contact us if your withdrawal has not arrived by Thursday.
What are the costs for withdrawing euros to a bank account?
Bitvavo does not charge any fee for withdrawing euros to a bank account.
Can I withdraw euros to my credit card or PayPal account?
No, it is not possible to withdraw euros to your credit card or your PayPal account. You can only withdraw euros to a bank account.
Do I need to enable 2FA to withdraw euro to my bank account?
No, it is not necessary to enable Two-Factor Authentication (2FA) to withdraw euro to your bank account. You can withdraw euro to your linked bank account at any time, even if 2FA is not enabled on your Bitvavo account.
What happens if I withdraw funds to a closed bank account?
If you’ve made a withdrawal to a bank account that has been closed, the bank won’t be able to process the transaction. In that case, the funds will be returned to Bitvavo automatically.
Since this is not a regular refund, it won’t be automatically credited to your Bitvavo account. Our Finance team will need to process this manually. This can take up to 10 business days. Once completed, the amount will appear in your balance again.