Peer-to-Peer (P2P) trading on Bybit allows users to buy and sell cryptocurrencies like USDT and BTC directly with other traders using local payment methods. This guide will walk you through the process of securely trading P2P on Bybit and avoiding scams.

What is Bybit P2P Trading?

Bybit P2P is a marketplace where users can exchange crypto assets with one another using their preferred fiat currencies. Unlike traditional exchanges, P2P trading does not involve an intermediary, making it a cost-effective way to buy and sell crypto.

Advantages of P2P Trading on Bybit:

• Zero Trading Fees: Buy and sell crypto without additional fees.
• Multiple Payment Options: Support for bank transfers, e-wallets, and more.
• Escrow Protection: Ensures safe transactions by holding funds until both parties confirm payment.
• 24/7 Trading: Trade anytime with global users.

How to Buy Crypto on Bybit P2P

Step 1: Log in to Your Bybit Account

Visit Bybit’s official website and log in to your account. If you don’t have an account, sign up and complete identity verification (KYC) to access P2P trading.

Step 2: Navigate to the P2P Market

• Click on “Buy Crypto” in the top menu.
• Select “P2P Trading” from the dropdown.

Step 3: Choose a Seller

• Select the cryptocurrency you want to buy (e.g., USDT, BTC).
• Choose your preferred fiat currency.
• Review available sellers, considering:
  • Price per unit
  • Payment methods
  • Seller’s reputation and number of completed trades

Step 4: Make a Purchase

• Click “Buy” on your chosen offer.
• Enter the amount of crypto you want to purchase.
• Follow the seller’s payment instructions and complete the payment within the given time frame.
• Click “Mark as Paid” once payment is completed.

Step 5: Receive Your Crypto

• The seller will verify the payment and release the crypto to your Bybit wallet.
• If there’s an issue, you can raise a dispute, and Bybit’s support team will mediate.

How to Sell Crypto on Bybit P2P

Step 1: Go to the P2P Trading Page

• Click on “Sell” and choose the cryptocurrency you want to sell.

Step 2: Select a Buyer

• Review buyer details, including payment method and trade history.
• Choose a buyer with a strong reputation and verified payment method.

Step 3: Confirm the Sale

• Enter the amount you want to sell and confirm the transaction.
• Wait for the buyer to send payment to your chosen payment method.

Step 4: Release Crypto

• Once payment is received, verify the amount.
• Click “Release Crypto” to complete the transaction.
• Never release crypto before confirming payment in your bank or wallet.

Safety Tips for P2P Trading on Bybit

✅ Always Check Seller/Buyer Ratings:

• Choose traders with high completion rates and positive reviews.

✅ Use Trusted Payment Methods:

• Avoid third-party transfers and only use your own verified accounts.

✅ Beware of Scammers:

• Do not release crypto before confirming payment.
• Be cautious of buyers who ask for refunds after marking the payment as complete.

✅ Raise a Dispute If Necessary:

• If you face issues, use Bybit’s dispute resolution feature for assistance.

Start Trading P2P on Bybit Today!

P2P trading is a convenient way to buy and sell crypto with local currency. Follow the steps above to securely trade on Bybit and maximize your profits.

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