Bybit P2P: how to buy crypto from another user, step by step
Checked on against seven Bybit help pages. See the sources. Ahead is a Bybit affiliate: how we make money.
Short answer
On P2P you buy crypto from another Bybit user and pay them directly, with one of the payment methods their ad lists. You pick an ad, pay before the countdown ends, select Payment Completed, and the seller releases the coins to your Funding Account.1
Pay only from an account in your own verified name,1 in one transfer of the exact amount.5 Don’t cancel an order you’ve already paid for.1
On this page
What P2P is, and what Bybit does
Bybit describes P2P as a platform where two users trade directly at a price they agree on. It notes that it “does not provide buy and sell offers on the P2P page”.2
Identity verification, or business verification, is required to use it.2
“Bybit does not hold or escrow any fiat or crypto for users.”
Our reading of that sentence: your payment goes from your account to the seller’s, not through Bybit. What Bybit supplies is the order page, the rules and the appeal process.
Fees
It depends on your currency. Bybit’s fee page has tables for five currencies: NGN, AZN, RUB, GHS and TJS. It says currencies not listed “are not subject to any transaction fees”, and that a fee is only charged when an order completes.3
For the listed currencies, the rate depends on whether you posted the ad or answered one, on the advertiser’s level, and on your type of verification. Your payment provider may charge a fee of its own.3
The steps at a glance
- Open P2P Trading
- Filter coin and currency
- Pick an ad
- Enter the amount
- Pay the seller
- Select Payment Completed
How to buy, step by step
- Select Buy Crypto at the top left, then P2P Trading.1
- On the Buy page, filter by coin, amount, fiat currency and payment method.
- Choose an ad and select Buy USDT.
- Enter the amount you’ll pay, or the amount of coin you want, and select Buy.
- Complete any check the order asks for. Some need a liveness check, a photo ID or a short questionnaire.
- Pay the seller with the details on the order page before the countdown ends. Then select Payment Completed.
- Upload proof of payment, or confirm it, in the pop-up, and select Confirm Payment.
- The seller releases the coins. They arrive in your Funding Account.
Seven rules that protect a buyer
- Pay from your own account. “Your bank account name must be consistent with your registered name on Bybit.”1
- One transfer, exact amount. Bybit says a payment must be a single transaction of the exact order amount, and tells buyers to avoid split payments.5
- Keep crypto words out of the payment note. Bybit says not to write things like “BTC/USDT purchase” in the reference, because the transfer may fail.1
- Select Payment Completed after you pay. If you forget and the order is cancelled automatically, “the system will assume that you did not actually make the payment”.5
- Don’t cancel after paying. Not unless the seller has refunded you.1
- Stay in Bybit’s chat. “Use Bybit’s chat only — never use Telegram, WhatsApp, or other apps.”4
- Don’t pay an account in someone else’s name. If the seller’s payment account doesn’t match their verified Bybit name, Bybit says to tell them third-party payments are prohibited and cancel the order instead of paying.5
If something goes wrong
| Situation | What Bybit says |
|---|---|
| You paid and the seller hasn’t released the coins | After 10 minutes you can appeal with the Need Help button on the order1 |
| You paid, but the order was cancelled or timed out | Bybit guides you to place a new order with the same advertiser for the same amount if an ad is available, and to appeal if not6 |
| The order is already closed | An appeal must be submitted within five calendar days6 |
| You cancelled too many orders | Going over the cancellation limit blocks you from P2P for 24 hours2 |
| You changed your password or 2FA today | The 24-hour withdrawal restriction after a security change also applies to P2P7 |
An appeal needs proof. From a buyer, Bybit asks for a video recording of the transaction history page in your banking app, showing that you can log in, your name and account number, and the transaction with its amount, payee, date and time.6 On the Fast Track, Bybit says a judgment is made within 15 minutes.6
Bybit is plain about the limit: “there is no 100% guarantee that Customer Support can recover losses from incorrect actions”.5
After the coins arrive
They’re in your Funding Account.1 To trade them, move them to the Unified Trading Account: how to transfer.
Questions people ask
Is Bybit P2P safe?
Bybit sets the rules and runs the appeals, but you are paying another person directly, and Bybit says it can’t guarantee recovering losses caused by incorrect actions.5 Its rules are the protection: pay from your own account, stay in Bybit’s chat, and don’t cancel an order you’ve paid for.14
Does Bybit charge fees on P2P?
It depends on the currency. Bybit lists rates for NGN, AZN, RUB, GHS and TJS and says other currencies carry no transaction fee. Your payment provider may charge its own.3
How long does the seller have to release the coins?
Bybit’s guide gives no fixed deadline. It says that if the seller fails to release the coins after 10 minutes, you can submit an appeal with the Need Help button on the order.1
Can someone else pay for my Bybit P2P order?
No. The bank account name has to be consistent with your registered name on Bybit,1 and Bybit says third-party payments are prohibited.5
Where do the coins go after a P2P purchase?
To your Funding Account, unless you switched on Earn Investment for the purchase, in which case they go to your Earn Account.1
What we couldn’t confirm
- How long you get to pay. Bybit’s guide refers to a countdown on the order without giving its length.
- How many cancellations trigger the 24-hour block.
- The fee for a buyer in each listed currency. We couldn’t match every rate on Bybit’s fee page to buyers and sellers with confidence, so read the order details before you pay.
- What happens to the seller’s coins while an order is open. The pages we read don’t describe it.
- Which currencies and payment methods are offered where you live. The filters on the P2P page show them.
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Bybit pays us a commission from the trading fees it collects. It adds nothing to yours. Not for residents of the United States, Canada, the United Kingdom, the European Economic Area, Singapore, Hong Kong, mainland China, Malaysia, Türkiye or other restricted places: full list. Crypto contracts can lose your entire margin. Not financial advice.