Peer-to-peer (P2P) crypto trading simplifies entering the crypto space and converting digital assets into fiat currencies like USD. Bybit P2P offers a secure platform for direct crypto-fiat trades between users, with mediation support for disputes. This guide covers how to use Bybit P2P effectively while minimizing risks.
What is Bybit P2P?
Bybit P2P is a feature on the Bybit exchange enabling users to trade crypto for fiat (or vice versa) directly with others. Unlike traditional trading, Bybit acts as a facilitator, not a custodian, but provides dispute resolution.
Key Features:
- Supports 60+ fiat currencies and 500+ payment methods.
- Zero transaction fees.
- Supports BTC, ETH, USDT, and USD (local equivalents).
- Intuitive interface with filters for price, payment method, and advertiser reputation.
👉 Explore Bybit P2P trading
How to Buy Crypto via Bybit P2P
- Navigate to Buy Crypto > P2P Trading (0 fees) on Bybit.
- Select "Buy", choose your cryptocurrency (e.g., USDT), and preferred payment method.
Filter advertisers by:
- Success rate (aim for >90%).
- Competitive exchange rate.
- Transaction limits (ensure they match your needs).
Example: Buying USDT with KES:
- Select an advertiser offering 127.99 KES/USDT with a 99% success rate.
- Enter the fiat amount (e.g., 20,000 KES) and confirm the USDT received.
- Send payment via the advertiser’s instructions (e.g., mobile money/bank transfer).
- Mark "Payment Completed"; the crypto is released upon confirmation.
How to Sell Crypto via Bybit P2P
- Switch to "Sell" on the P2P page.
- Choose your crypto (e.g., BTC), input the amount (e.g., 0.6 BTC), and select a payment method.
Pick an advertiser with:
- High success rate (e.g., 100%).
- Fair pricing and sufficient liquidity.
Example: Selling BTC for KES:
- After transferring BTC, wait for the advertiser’s fiat payment before releasing coins.
- Ensure payer details match the advertiser’s verified name.
Becoming a Bybit P2P Advertiser
- Verify your Bybit account.
- Go to P2P User Center > Ads > Post Ads.
Set:
- Buy/Sell preference.
- Crypto/fiat pair.
- Pricing, transaction limits, and payment methods.
- Agree to terms and publish your ad.
FAQs
Is Bybit P2P safe?
Yes. Trade only with advertisers boasting >90% success rates and leverage Bybit’s dispute resolution.
What fees apply?
Bybit charges zero fees for P2P trades.
Which cryptos are supported?
BTC, ETH, USDT, and USD equivalents.
👉 Start trading on Bybit P2P
Final Tips
- Always verify advertiser credentials.
- Use trusted payment methods linked to your name.
- Monitor transaction timers to avoid auto-cancellation.
Bybit P2P simplifies crypto onboarding with security and flexibility. Ready to start? Sign up for Bybit today.