Bybit P2P Review: Supported Coins, Payment Methods, Fees
Bybit is a cutting-edge platform enabling users to seamlessly trade cryptocurrencies with one another, devoid of transaction fees for both buyers and sellers. With over 350 payment methods, the platform supports debit cards, credit cards, and even in-person cash transactions.
Nonetheless, traders should be aware that they might incur transaction fees from the payment provider, depending on their chosen payment method.
What you'll learn 👉
While the exact list of supported coins on Bybit P2P remains unspecified in available sources, Bybit is a renowned cryptocurrency exchange platform that accommodates numerous cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, and Bitcoin Cash (BCH).
Consequently, it can be reasonably assumed that these cryptocurrencies, among others, are also facilitated on the P2P platform.
Supported fiat currencies & payment methods
In addition to providing support for over 40 fiat currencies like USD, EUR, GBP, and AUD, Bybit P2P boasts compatibility with more than 400 payment methods. These include, but are not limited to, bank transfers, PayPal, gift cards, and cash deposits.
Fees on Bybit P2P
Bybit P2P users enjoy the absence of trading fees for P2P transactions.
However, it is important to reiterate that traders may still be subject to transaction fees from the payment provider, depending on the selected payment method.
Can US residents use ByBit P2P?
Bybit has restricted its services in some jurisdictions, including the United States, North Korea, Iran, Cuba, and Syria due to regulatory issues or sanctions imposed by the US government or other international organizations.
Additionally, some countries like China have their own restrictions on cryptocurrency trading, making it difficult for exchanges like Bybit to operate within them legally.
However, users from restricted countries can still access Bybit through a VPN, but this may violate Bybit’s terms of service and lead to account suspension or termination if discovered by the platform’s staff.
- Zero transaction fees
- Support for an impressive array of over 350 payment methods
- User-friendly platform
- A secure environment for users to exchange their assets at optimal, mutually agreed-upon prices
- Potential transaction fees from the payment provider, contingent on the chosen payment method
- Ambiguity surrounding the specific coins supported on the platform
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