2024-08-21 13:27:03P2P 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:
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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.
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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.
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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:
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Faster and More Convenient: Trades are executed quickly and efficiently without the hassle of multiple orders or waiting for exchange matching.
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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:
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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.
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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.
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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 |
|
|
|
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 |
|
|
|
No. of Cancellations Allowed |
3 or 6 per day (based on the order status) |
6 per day |
Yes
No