Bybit, one of the fastest growing exchanges in the world, is taking trading to the next level with the addition of peer-to-peer (P2P) transactions making it easy to buy and exchange cryptocurrencies. From January 2022 Bybit users can buy and sell Tether (USDT) to other users in a secure and convenient environment, and without platform fees or any hidden fees. P2P transactions are available on the Bybit desktop version, and the Bybit mobile app will support them soon.
On the P2P platform, more than 80 different payment methods and more than nine fiat currencies (Australian dollar, Hong Kong dollar, Indian rupee, Malaysian ringgit, Philippine peso, Russian ruble, New Taiwan dollar, Ukrainian hryvnia and Vietnamese dong). By the way, even more currencies are already in the process of being added.
What to expect from Bybit P2P
Bybit P2P is a place to buy and sell cryptocurrencies securely, giving Bybit users more control over converting crypto to fiat and vice versa. As soon as the buyer submits his order, the seller’s cryptocurrency is sent to a transit account, where it will be stored until both parties confirm the successful completion of the transaction. Also, the platform has a function for placing ads for accredited users who can set the desired price, payment method and currency.
“Bybit is pleased to introduce a P2P platform designed to correct the niche shortcomings of financial services. With this solution, both unbanked users and individual traders will be able to access cryptocurrency investments. Our platform will save investors from hidden fees, unnecessary intermediaries, delays and a high entry threshold. Bybit is committed to financial innovation and paves the way for financial freedom.” commented Bybit co-founder and CEO Ben Zhou.
Bybit platform was founded in March 18 of the year and is one of the fastest growing cryptocurrency exchanges in the world. Bybit is trusted by over five million users. This is a professional trading platform with ultra-fast trading algorithms and 24/7 support. Bybit provides a derivatives and spot trading platform, staking and DeFi mining services, and an API interface.
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