Moving SOL from the exchange to your wallet
Withdraw SOL to your own wallet on the right network, test with a small amount first, and check that it arrived.
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Your SOL now sits on the exchange and your wallet is empty. A withdrawal moves it across. You will repeat this action for years, so it is worth learning the careful way once.
Before you start
- Open your wallet and copy your Solana address. Phantom also has addresses for other networks, so make sure it is the Solana one.
- Copy it fresh from the wallet app every time. Do not copy addresses from your transaction history. That is how address poisoning catches people (more below).
- Make sure 2FA is on at the exchange. On Bybit, changing your password, phone number or email, or resetting your 2FA, locks withdrawals for 24 hours, so make those changes a day before, not on the day.
Withdrawing SOL on Bybit
The website route from Bybit's help center, last updated in April 2026.
- Step 1: Click Assets, then Withdraw.
- Step 2: Choose SOL as the coin and paste your wallet address.
- Step 3: Choose the chain: Solana. The withdrawal fee for that network appears as soon as you pick it.
- Step 4: Type the amount. The minimum for SOL on that network is shown right there.
- Step 5: Click Confirm, enter the code Bybit emails you and your Google Authenticator code, then click Submit. Addresses you have verified in Bybit's whitelist can skip the codes.
- Step 6: Bybit says a withdrawal can take up to 30 minutes or an hour to process, and longer when the network is busy. It is often much faster.
Pick the right network
Many coins exist on several networks, so the exchange asks which one to use. For SOL going to a Solana wallet, always choose Solana. Sending on the wrong network can mean the coins never show up, or a slow and uncertain recovery. Bybit refuses an address that does not match the chosen chain, which helps, but read the screen anyway.
Sending SOL to your own wallet does not need a memo or a tag. Those are used for some other coins and for some exchange deposits.
Test first, then send the rest
The small test
You have 0.963 SOL on Bybit from the last lesson. For the math we assume a withdrawal fee of 0.01 SOL. Your screen shows the real fee, and it changes from time to time.
- Step 1: Send a small test first, for example 0.1 SOL, as long as it is above the minimum the screen shows. Bybit takes the fee out of the amount by default, so about 0.09 SOL arrives.
- Step 2: Open your wallet and wait until it appears. Check that it landed in the account you meant.
- Step 3: Now send the rest: 0.863 SOL. After the fee, about 0.853 SOL arrives.
- Step 4: In total about 0.943 SOL reached your wallet, and you paid two fees of 0.01 SOL. The extra $1 or so for the test is cheap insurance against a typo on the full amount.
Check it on the blockchain
Every withdrawal gets a transaction ID, also called a TXID or a signature. On Bybit you find it under Funding Account History, then Withdraw. Paste it into a block explorer such as Solscan and you will see the transfer, the amount, the time and both addresses, the same view anyone in the world has. If the explorer shows your address as the receiver, the SOL is yours.
Check what you learned
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This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.