How to start in 4 steps
Open our Bybit link before you sign up
Sign up with email or phone; invitation code 13270 must be in the code field before you tap Sign Up
Verify your identity (KYC) and turn on 2FA; check the Rewards Hub for new-user tasks
Make your first deposit (crypto, card/One-Click Buy or P2P), then a small first trade
Independent guide, not affiliated with Bybit. Affiliate link: we may earn a share of fees.
Step 1: sell the coin
Sell inside the app or wallet where you hold it: the pump.fun app (1.70% on the bonding curve: 1.25% curve fee + 0.45% Platform Fee, 0.40% with a code), Axiom, GMGN or Phantom (0.85% swap fee). Sell to USDC if you want to lock the value, or SOL if your exchange prefers it. Sell in parts if liquidity is thin, and check price impact first (how to sell memecoins).
Step 2: get it to your bank
| Route | How | Who it suits |
|---|---|---|
| Exchange | Send USDC/SOL to your exchange deposit address, sell, withdraw to bank | Everyone where an exchange serves your country |
| Phantom Cash (US) | Swap to Cash, then Cash → Withdraw → Bank | US users except New York |
| Crypto card | Spend stablecoins directly with a card | Spending rather than saving |
Details:
withdraw from Phantom to a bank / crypto cards
Exchange checklist
- Open an exchange account and finish KYC before you need it (our Bybit link uses code 13270; Bitget: 3CP9WYZM).
- Pick the exact token and network on the deposit page.
- Send a small test amount, then the rest.
- Sell for your currency and withdraw to your bank.
Keep records
In many countries each sale or swap is a taxable event. Export your history or note dates and amounts; see memecoin taxes basics.
Related
Sources
Updated 2026-10-12. How we test
How to cash out a memecoin
- Sell the coin for USDC or SOL where you hold it.
- Send a small test amount to your exchange deposit address on the right network.
- Send the rest, sell for your currency.
- Withdraw to your bank and save the records.
Frequently asked questions
How do I cash out memecoins to my bank?
Sell the coin for USDC or SOL, send it to an exchange that serves your country, sell for your currency and withdraw. US users can also use Phantom Cash to bank.
What is the cheapest way to cash out?
Fewer steps cost less: sell to a stablecoin once, send on a cheap network and withdraw from an exchange with low fees in your currency.
Do I pay tax when I cash out memecoins?
Often yes; selling or swapping is usually taxable. Rules depend on your country.
Signed up but haven't deposited yet?
Exchange welcome rewards and referral benefits only start once the account is funded and you trade. Finish identity verification first, then deposit (crypto on the right network, card/One-Click Buy or P2P) and make one small trade. New-user tasks usually have deadlines counted from registration, so check the rewards page in the app early.
Independent guide, not affiliated with Bybit. Affiliate link: we may earn a share of fees.