Comprehensive Guide to Using Bybit P2P: Secure Crypto Trading Made Easy

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Peer-to-peer (P2P) cryptocurrency trading has emerged as a powerful gateway for users to enter and exit the digital asset market with ease. Bybit P2P, in particular, offers a seamless, low-cost method for exchanging crypto and fiat currencies directly with other users. But many ask: Is Bybit P2P safe? The answer is yes—when used wisely. While the platform simplifies transactions, users must remain vigilant, as P2P trading inherently involves interaction with third parties who may not always act in good faith.

This guide walks you through everything you need to know about Bybit P2P, from buying and selling crypto to becoming an advertiser—all while prioritizing security, efficiency, and user control.

What Is Bybit P2P?

Bybit P2P is a decentralized trading feature within the Bybit exchange that enables users to trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) directly for fiat currencies—and vice versa. Unlike traditional spot trading, where orders are matched automatically via an order book, P2P trading connects individual buyers and sellers who negotiate terms directly.

The exchange does not handle funds during the transaction but acts as a mediator in disputes, enhancing trust and safety. One of the standout benefits? Zero transaction fees on P2P trades.

With support for over 60 fiat currencies and 500+ payment methods, including bank transfers, mobile money, and digital wallets, Bybit P2P caters to a global audience—especially in regions where direct crypto-to-fiat access is limited.

Key interface elements include:

These tools help users make informed decisions and promote a secure trading environment.

👉 Discover how easy it is to start your first P2P trade today.

How to Use Bybit P2P to Buy Crypto

Getting started with buying crypto via Bybit P2P is intuitive and fast. Follow these steps:

  1. Log in to your Bybit account.
  2. Navigate to Buy Crypto > P2P Trading (0 fees).
  3. Ensure the "Buy" tab is selected.
  4. Choose your desired cryptocurrency (e.g., USDT).
  5. Select your preferred fiat currency and payment method (e.g., bank transfer, M-Pesa).
  6. Browse available offers, sorted by price from lowest to highest.

When selecting an advertiser, focus on three critical factors:

Example: Buying USDT with Kenyan Shillings (KES)

Let’s say you want to buy USDT worth 20,000 KES. Among the advertisers, “E4.ke” stands out:

Click “Buy USDT”, enter 20,000 in the “I will pay” field, and confirm the amount of USDT you’ll receive. After clicking “Buy”, you’ll see the seller’s verified legal name and payment instructions.

Complete the transfer using the provided details (e.g., mobile money number), then click “Payment Completed”. Once the seller confirms receipt, Bybit releases the USDT to your funding account.

Always verify that payment details match the advertiser’s displayed identity. Never send funds to third parties.

How to Use Bybit P2P to Sell Crypto

Selling crypto through Bybit P2P follows a similar flow but reverses the roles.

  1. Go to Buy Crypto > P2P Trading.
  2. Switch to the "Sell" tab.
  3. Select the cryptocurrency you wish to sell (e.g., BTC).
  4. Choose your fiat currency and payment method.

Example: Selling 0.6 BTC for KES

Find a reputable buyer like “Chira,” who:

Click “Sell BTC”, input 0.6 BTC in the “I will sell” field, and select your registered payment method (e.g., bank account). Confirm the KES amount you’ll receive and click “Sell”.

You’ll now see the buyer’s verified name and instructions. Wait for them to send the fiat funds before releasing your BTC. Only release crypto after confirming receipt in your account.

To ensure smooth transactions, set up your payment methods in advance.

How to Add a Payment Method

  1. Click P2P User Center (top-right corner).
  2. Under Payment Method, click Add Now.
  3. Fill in your details (bank name, account number, mobile wallet ID, etc.).
  4. Submit and verify.

Having multiple verified methods increases your visibility and credibility as a trader.

👉 Secure your first P2P transaction with confidence—start now.

How to Become an Advertiser on Bybit P2P

Becoming an advertiser allows you to post buy or sell offers and earn from spreads or volume. Here’s how:

  1. Complete KYC verification on Bybit.
  2. Go to Buy Crypto > P2P Trading.
  3. Click Ads > Post Ads (top-right).

In the ad creation window:

After reviewing all settings, agree to the terms and click Post Ads.

Your ad will appear in the marketplace, and users can initiate trades with you. As an advertiser, maintaining high response times and fulfillment rates boosts your reputation and attracts more traders.

Frequently Asked Questions (FAQ)

Is Bybit P2P safe?

Yes, when used responsibly. Bybit provides an escrow system that holds crypto during trades and mediates disputes if issues arise. Always trade with high-reputation advertisers (90%+ success rate) and confirm identity details before sending funds.

Are there fees for using Bybit P2P?

No. Bybit currently offers zero transaction fees on all P2P trades, making it one of the most cost-effective ways to convert between crypto and fiat.

Can I use third-party accounts for payments?

No. Bybit strictly prohibits third-party payments. The name on the payment method must match the name registered on the advertiser’s Bybit account to prevent fraud and ensure accountability.

Which cryptocurrencies are supported on Bybit P2P?

Bybit supports four major cryptos: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). Availability may vary by region and fiat pair.

How do I resolve a dispute on Bybit P2P?

If a buyer or seller fails to complete their part of the trade, click “Appeal” within the trade chat. Bybit’s support team will review evidence (payment proof, screenshots) and release funds accordingly.

Can I trade without KYC?

No. To use Bybit P2P—whether buying, selling, or advertising—you must complete identity verification (KYC). This enhances platform security and compliance.

Final Thoughts

Bybit P2P is a robust, user-friendly solution for converting between digital assets and local currencies. Whether you're looking to buy ETH, sell BTC, or liquidate USDT for fiat, the platform offers flexibility, speed, and security—all without charging fees.

Success hinges on due diligence: choosing reliable traders, verifying identities, and following best practices. With growing global adoption of crypto payments, mastering tools like Bybit P2P empowers individuals to take full control of their financial transactions.

👉 Join millions worldwide already trading securely—take the next step now.

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