how to do p2p on bybit

To engage in P2P trading on Bybit, log in, choose a cryptocurrency, define trade parameters, browse available orders, place an order, transfer funds, and confirm the trade using the platform's secure escrow service.

Oct 25, 2024 at 09:41 pm

How to do P2P on Bybit

1. Log in to your Bybit account

Go to P2P https://www.bybit.com/app/en-US/trade/p2p in the top navigation menu to trade cryptocurrencies with other users.

2. Select the cryptocurrency you want to trade:

Click on the drop-down menu under "Trade" and select the cryptocurrency you want to buy or sell.

3. Set the parameters of your trade:

Choose between “Buy” or “Sell” , input the desired amount and currency. Select a payment method, and enter the amount and currency you wish to trade.

4. Find an order to match your trade:

The order book will show a list of available orders from other users. You can filter the orders by price, payment method, and other criteria.

5. Place your order:

Once you find an order that you want to match, click on the "Buy" or "Sell" button. You will be prompted to confirm the details of your order.

6. Complete the trade:

Once you have placed your order, you will need to complete the trade by transferring the cryptocurrency or fiat currency to the other user. Bybit provides a secure escrow service to protect both parties during the trade.

7. Confirm the trade:

Once the trade is complete, you will need to confirm the trade by clicking on the "Confirm" button. This will release the escrowed funds to the other party.

Tips for trading P2P on Bybit:

• Use a reputable exchange: Bybit is a reputable and secure cryptocurrency exchange.
• Verify your account: Verifying your account will help to protect your funds and prevent fraud.
• Be aware of the risks: P2P trading involves some risks. Be sure to understand the risks before you start trading.
• Do your research: Before you place an order, be sure to do your research and understand the market.
  Always be careful when trading P2P. By following these tips, you can help to reduce your risk and have a successful trading experience.