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    Introduction to P2P Trading
    bybit2024-08-21 13:27:03

    P2P Trading

    P2P on Bybit is an easy and secure peer-to-peer trading platform. It facilitates the buying and selling of two (2) 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.

     

     

     

     

    Key Advantages of Bybit P2P Trading

    Here are the key advantages of Bybit P2P Trading:

    • Zero fees: Bybit does not charge any fees for P2P Trading, lowering the barrier of entry and allowing traders to keep more of their crypto.

    • Multiple currencies and payment methods: Over 300 payment methods and more than 60 currencies are available on P2P trading to offer more flexibility to traders.

    • High security: Bybit employs rigorous KYC verification processes for both Buyers and Advertisers. All P2P Advertisers are selected based on strict criteria that you can consult here. Additionally, Bybit implements stringent asset management protocols to prevent fraud and ensure the safety of traders’ funds.

     

     

     

     

    P2P Block

    P2P Block is a decentralized method of buying and selling large amounts of cryptocurrency with fiat currencies directly between two parties. P2P Block is preferred for large P2P order execution due to the following reasons:

    • Faster and More Convenient: Trades are executed quickly and efficiently without the hassle of multiple orders or waiting for exchange matching.

    • Reduced Price Slippage: Negotiating a price directly minimizes the risk of slippage, ensuring the execution price stays close to the desired level.

     

     

     

     

    Key Advantages of Bybit P2P Block

    Here are the key advantages of Bybit P2P Block:

    • Zero fees: Bybit does not charge any fees for P2P Blocks, lowering the barrier of entry and allowing traders to keep more of their crypto.

    • High security: Bybit employs rigorous KYC/KYB verification processes for both Buyers and Advertisers. Additionally, Bybit implements strict asset management protocols to prevent fraud and ensure the safety of traders’ funds.

    • Competitive trading limits: Bybit's P2P Block platform offers a single minimum order limit of 10,000 USDT and a single maximum order limit of 200,000 USDT. The actual trading limits may vary depending on the specific settings of the Advertiser.

     

     

     

     

    Entry Requirements for Bybit P2P Trading 

    To trade on the P2P platform on Bybit, you must first meet the following requirements:

     

    Type of Trader

    Requirements

    Security Deposit (USDT)

    Trading Limit (USDT/Day)

    P2P Trading

    Individual (Taker)

     

    Please note that some advertisers may include additional requirements for their advertisement, in which case, the mention “Ineligible” will be shown instead of the Buy/Sell button.

    1,000

     

    (may not be required. For more information, please check this page

    -

    P2P Block

    Individual (Taker)

    1,000

    200,000

    Institutional (Taker)

    1,000

    200,000

     

     

     

     

    Differences Between Standard P2P Trading and P2P Block

     

    Standard P2P Trading

    P2P Block

    Eligibility 

    Individual: 

    Identity Verification Lv. 1

    Individual: 

    Identity Verification Lv. 2


    Institution: KYB

    Transaction Type 

    • Peer-to-peer

    • P2P HotSwap

    • Fiat-Crypto pairs:

      • Fiat: Refer to this article

      • Crypto: BTC, ETH, USDC, and USDT

    • Peer-to-peer

    • Fiat-Crypto pairs

    Security Deposit 

    May not be required 

     

    For more information, please check this page 

    Required 

    Advertiser Requirements 

    Refer to this article

    Refer to this article

    Order Limit

    50,000 USDT

     

    (More information here)

    200,000 USDT

    (Buyer)

     

    1,000,000 USDT

    (Individual Advertiser)

     

    2,000,000 USDT

    (Institutional Advertiser)

     

    (More information here)

    Ad Privileges

    • Quota: Independent of the trader’s total ad posting limit

    • Max.: 3 Block ads (buy or sell) + 3 standard P2P ads (buy or sell)

    No. of Cancellations Allowed 

    3 or 6 per day 

    (based on the order status)

    6 per day

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