The P2P on Bybit platform doesn’t support automatic payment, so users need to manually transfer fiat currency from their respective online banking or payment application to the advertisers once the order is confirmed.

On Desktop

Step 1: Please click on Buy Crypto → P2P Trading on the top left corner of the navigation bar to enter the P2P trading page. If you want to buy USDT then choose your preferred advertisement, and click on Buy USDT. 
 

Step 2: Enter the amount of fiat you want to pay, or the number of coins you want to receive, and click on Buy to proceed. 
 

You’ll be redirected to the order page, where you’ll have 15 minutes to transfer your fiat to the seller's bank account. Please verify that all of your order details are correct before proceeding. 

Step 3: On the order page, check the payment method provided by the advertiser and choose your preferred method to make payment. You will need to go to your online banking or third-party payment application to transfer the fiat currency to the advertiser, in accordance with the account information provided by the advertiser.
 

Notes:

— The name on your bank account must be consistent with your registered name on Bybit. Otherwise, the advertiser may cancel the order and issue a refund.

— Make sure not to write sensitive words on your reference ID (if any) such as “BTC/USDT purchase” when transferring fiat to your advertiser, otherwise the transfer may fail. 

— P2P on Bybit offers zero transaction fees for both buyer and seller. However, traders may need to pay transaction fees to the payment provider based on the payment method selected. 
 

Let’s take Volet.com (formerly Advcash) as an example. The payment steps are as follows:

1. Enter the following information:

• Choose wallet
• Amount of transfer
• Specify recipient’s wallet or email

2. Double-check your payment confirmation and complete your transfer.

Step 4: Return to your Bybit P2P order page and click on Payment Completed once you've completed the payment. Wait patiently for the advertiser to process the coin transfer. Once the coins you've purchased have been successfully released by the seller to your Funding Account, you can click on View My Asset to verify them, along with your transaction history. 
 

Tips: Failed to Make a Payment in Time

If the fiat currency you transfer is not paid on time, it could be due to several reasons. Here are some tips for your reference:

• Please make sure that the details for the advertiser’s receiving account are correct.
• Please confirm whether the payment method you’re using supports real-time transfers. Otherwise, it will take some time to complete the payment.
• You can contact your bank or third-party payment platform to find out why the deposit was unsuccessful.