Bybit P2P — FAQ

What is P2P on Bybit?

P2P on Bybit is an easy and secure peer-to-peer trading platform. It facilitates the buying and selling of two users' holdings at an optimal, agreed-upon price between them. Please note that Bybit does not provide the buy and sell offers on the P2P page.

Is P2P on Bybit secure?

Once a buy order is submitted, the amount of coin specified will be reserved on the P2P platform. This means that if the seller doesn’t release the coin within 10 minutes after receiving the payment, our customer support has the right to release the coin from the reserved funds to the buyer after verification.

If you’re a seller, please make sure you’ve received the funds from the buyer before releasing your coin.

How can I get in touch if there’s any problem with my P2P order?

If you encounter any issues with your order, you can log in to your Bybit Account and click on the support icon in the bottom right corner to contact Bybit LiveChat support — or drop an email to support@bybit.com.

To help you solve any problems more efficiently, please provide your UID, P2P order number and any applicable screenshot(s).

Which coins can I trade on the P2P Platform?

Currently, only USDT is supported.

How much are transaction fees on the P2P Platform?

P2P on Bybit offers zero transaction fees for either buyer or seller. However, traders may need to pay transaction fees to the payment provider based on the payment method selected. 

What payment methods are supported for P2P trade?

P2P on Bybit supports more than 80 payment methods, including debit cards, credit cards, in-person cash payments and more.

To view all supported payment methods, please head to P2P User Center --> Payment Method.

To learn more about payment methods, please refer to How to Add New Payment Methods for P2P Trading.

Can I trade without KYC?

It depends on the amount of your trade. Once the accumulated transaction amount exceeds the limit, identity verification is required.

Please refer to the following table for details:

Does not include advertisers. Advertisers require KYC verification.

How do I submit my KYC?

Simply proceed with the following steps:

1. Click on Account & Security in the upper right-hand corner of the page.

2. Click on Verify Now in the Identity Verification column under Account Information.

3. Click on Verify Now under Level 1 Basic Verification.

Or you can click here to complete the verification. 

To learn more about KYC verification information, please refer to the Individual KYC FAQ.

Can I trade with users in other countries or regions?

Yes. You can trade with any advertiser as long as you can successfully conduct your transfer in the fiat currency requested by the advertiser.

What’s the minimum amount to trade per P2P order?

For the minimum amount required, please refer to the following table:

Please note that the actual tradable amount depends on the range limit set by the advertiser.

How will I be notified of a new order?

You’ll receive the order information by SMS and email if you've enabled them. To set up, please head to Account & Security --> Two-Factor Authentication to select the authentication you wish to enable.

Can I use someone else's payment account for P2P trading?

No. We only accept a payment account with the same name as your identity verification．

How to view a P2P completed order
You can check your order history here.
Or, you can click Assets --> Funding Account in the upper right corner of the page to view the assets you’ve purchased under Available Balance.

If you want to start derivatives or ByFi trading, please click on Transfer to transfer assets from your Funding Account to your Derivatives Account or ByFi Account.

How to transfer assets from Spot Account to Funding Account?

To learn more about how to transfer assets on Bybit, please visit here.

Is P2P available on the Bybit website and App?

Yes. P2P trading are available on the PC trading site and the Bybit app. 

How do I change my nickname?

Your nickname cannot be changed once it has been set.

For Posting Ads

What is the cost of a floatation price ad?

The cost of floating price ads is adjusted according to market fluctuations, and is updated every three (3) seconds.

What is the cost of a fixed-price ad?

The cost of a fixed-price ad doesn’t change with the market price.

Are there any fees charged for posting an ad?

Currently, there are no fees charged to advertisers for posting ads. 

Are there any restrictions on setting the price range of an ad?

Yes. Please refer to the following table for details:

What are the minimum and maximum amounts of USDT that can be traded per ad?

Here’s an overview of the minimum and maximum amount limits:

How to become a P2P merchant?

You can become a P2P merchant and post an ad if the following conditions are met:

1. Link your mobile number

2. Link your email address

3. Make sure your funding wallet balance >100 USDT

4. Complete KYC verification

5. No. of P2P Orders

a. Number of Buy Orders Within 30 Day(s) ≥ 5
b. Number of Counterparties ≥ 3