Here’s a step-by-step guide to help you — as a seller — start your first P2P transaction on Bybit.

Important Notes:

— P2P transactions will only be processed via the Funding account so please ensure that your funds are in your Funding account before starting a transaction.

— P2P on Bybit offers zero transaction fees for both buyers and sellers.

— In order to provide a safer trading environment, our system comprehensively evaluates every transaction to determine its risk level. Should the transaction be deemed risky, a 24 hours withdrawal restriction will be imposed on the relevant account(s).

— Your bank account name must be consistent with your registered name on Bybit. Otherwise, your account might be suspended and the buyer has a right to refuse to purchase the coin with you.

Step 1: Please click on More → P2P on the home page. 

To sell coins with P2P Block, tap on the P2P Trading heading on top and select Block Trade.

Step 2: On the Sell page, you can filter for your preferred buyer advertisers by filling in the Coin Type, Amount, Fiat Currencies, Payment Methods and more, fields based on your transaction needs. You’ll also need to add your preferred payment method if you have not done so. 

Note:

In each advertiser cardboard,

1. The numbers displaying order quantity and percentage on the right-hand side refer to:

• Number of orders made in 30 days

• Completion rate in 30 days

2. The Price refers to the reference price that counterparties are offering. 

3. The Quantity and Limits display the available balance for this advertisement as well as the minimum and maximum transaction limits per order, in fiat terms.

4. The last row of the cardboard displays the Payment Method. You can see all supported payment methods for the advertisement you've selected. 

Step 3: Choose your preferred advertisement, and click on Sell.

Step 4: Enter the amount of crypto you want to sell, or the amount of fiat currency you want to receive, and click Sell to proceed.

Step 5: You will be redirected to the order page, where you will see a countdown timer during which the buyer needs to complete the payment. 

Notes:

— By clicking on Contact Buyer, you will be redirected to the Order Chat Box which allows you to easily communicate with buyers in real time.

Step 6: 

a. Once you’ve successfully received your payment from the buyer, click on Release Now to release your coins. You will be asked to confirm receipt of the payment from the buyer. Once clicked on Release Now, enter your 2FA verification code or Fund Password as a verification step.

Please make sure you've received the funds from the buyer before ticking the confirmation box and releasing your coins. If you have not received the funds, please select “I have not received the payment in my available balance” and click “OK.”

If you have not yet set up the Google Authenticator verification or the Fund password on your account, please refer to the following articles for detailed guides on:

• How to Bind Your Account’s 2FA via Google Authenticator 

• How to Set Up Your Fund Password

b. Order transaction has failed:

1) If the buyer fails to complete the payment within the timeframe, the order will automatically be canceled. The coins reserved on the P2P platform will also automatically be returned to your Funding Account.

2) If you’re notified that the payment is completed, but have yet to receive the payment after 10 minutes, you can communicate with the buyer in the Order Chat Box before clicking on Order Dispute? to proceed with the appeal. Find out more about the P2P appeal process in this article.

If you are no longer able to submit an appeal request as your order was completed or canceled more than 5 calendar days ago, please send your inquiry via this form and specify your concerns. To help you solve any problems more efficiently, please provide your UID, P2P order number and any applicable screenshot(s).