How to buy and sell crypto with the Bybit App

Bybit is a leading global cryptocurrency exchange that’s well-known for its user-friendly interface, advanced trading tools and large number of listed assets. Founded in 2018, Bybit caters to both novice and experienced traders, offering services such as Spot, Derivatives and P2P trading. Its mobile app is designed to further enhance accessibility, allowing traders to manage their portfolios and execute trades while on the move. In this article, we’ll provide a brief summary of how to use the Bybit App to buy your favorite coins or tokens.

Key Takeaways:

• Bybit offers a user-friendly app that provides seamless access to Spot, Derivatives and P2P trading for traders at all levels of experience.

• With features like One-Click Buy and Fiat Deposit, Bybit makes it easy to purchase cryptocurrencies using various payment methods.

• Bybit's secure P2P trading platform supports over 600 payment methods and 370 currencies, offering a flexible and fee-free way to trade crypto.

Getting started with Bybit

Download and registration

Download the Bybit app from the Apple App Store or Google Play Store. Open the app, tap Sign Up and enter your email address or phone number. Set a password, and agree to the terms to create your account.

You can also follow our sign-up guide here.

Complete KYC verification

Bybit requires users to complete the KYC process before they can buy or sell cryptocurrencies. Individual identity verification is divided into three levels: Standard, Advanced and Pro. The differences in benefits and withdrawal limits between these three levels can be found in the section entitled Benefits of different Verification (KYC) levels. KYC involves two to four steps, depending upon the level: 

• Proof-of-Identity (Standard)

• Identity Assessment (Standard)

• Proof of Address (Advanced)

• Enhanced Due Diligence (Pro)

Follow the detailed step-by-step guide here in order to complete the process.

Buying/selling crypto on Bybit

Bybit P2P

Bybit’s P2P platform lets users trade crypto directly with others, with local payment methods. 

The benefits of P2P include the following:

• Zero transaction fees: Bybit doesn’t charge any fees for P2P trading, thus lowering the barrier of entry and allowing traders to keep more of their crypto.

• Multiple currencies and payment methods: Bybit P2P trading supports over 600 payment methods and more than 370 currencies, making P2P trading flexible and easy to use.

• Security: Both buyers and advertisers on the platform need to complete KYC verification. All P2P advertisers are selected based on strict criteria, which increases security. 

To start P2P trading on Bybit, follow our step-by-step guide below.

Step 1: On the Home tab, tap on More followed by P2P Trading. 

To buy coins with P2P Block, tap on the P2P Trading drop-down at the top of the page and select Block Trade.

Step 2: On the Buy page, you can filter advertisers based on different criteria, such as Coin Type, Amount, Fiat Currencies, Payment Methods and more. 

Please note that in each advertisement, you’ll see the following:

a) The numbers displaying order quantity and percentage on the right-hand side, which refer to the following parameters:

• Number of orders made in the past 30 days
• Completion rate in the past 30 days

b) Price refers to the reference price that counterparties are offering. 

c) Quantity and Limits display the available balance for this advertisement, as well as the minimum and maximum transaction limits per order in fiat terms.

d) The last row of the advertisement displays the Payment Method. You can view all supported payment methods for the advertisement you've selected. 

e) Verification Required refers to the Verified Advertiser (VA) and Block Advertiser (BA) requesting takers to provide certain proofs before proceeding with orders. The proof might be a liveness check, photo ID, proof of payment, bank statement or additional identity verification.

Step 3: Choose the advertisement that matches your needs, and tap on its corresponding Buy button. 

Step 4: Input the amount of fiat you want to pay or the amount of coins you would like to receive, and tap on Buy to proceed.

Please note that some orders will require verification if you exceed a certain amount. This requirement will be mentioned under the Requires Verification segment.

Step 5a: For orders that require verification:

You’ll be redirected to a page on which a countdown timer is in place for you to complete verification. Simply tap on Verify Now and provide the required proof.

Once the order has been approved by the merchant, you’ll see the order page with a countdown timer for transferring the money to the seller’s bank account. 

You can proceed to make payment in fiat. Please ensure that you’re transferring the correct amount to the correct account via the correct methods. After you’ve done so, tap on the Pay Now button to notify the seller.

If you wish to cancel the payment without completing verification, or the proof is rejected by the merchant, the cancellation will not affect your completion rate. However, there is a daily cancellation limit, and exceeding this limit will result in a 24-hour restriction on your ability to conduct P2P Trading. During this time, you’ll have to wait for the restriction to be lifted.

Step 5b: For orders that do not require verification:

You’ll be redirected to the order page with a countdown timer for transferring the money to the seller’s bank account. You can proceed to make payment in fiat. Please ensure that you’re transferring the correct amount to the correct account via the correct methods. After you’ve done so, tap on the Pay Now button to notify the seller.

Notes:

• You can communicate with the seller in real time by tapping on Contact Seller.

• Your order will automatically be cancelled if you fail to transfer the funds to the seller within the given time, or if your account has insufficient funds.

• If you’re paying via fiat balance, but the fiat currency in your Funding Account is insufficient, you can tap on Make Deposit on the Order page to deposit more funds.

• Make sure not to include sensitive words on your reference ID (if any), such as “BTC/USDT purchase” when transferring funds. Otherwise, the transaction may fail.

Tips for what to do when the transaction is unsuccessful:

• Make sure that the seller’s receiving account details are correct.

• Confirm whether the payment method you’re using supports real-time transfers. Otherwise, it may take some time to complete the payment.

• Contact your bank or third-party payment platform to find out why the deposit was unsuccessful.

Step 6a: You might be required to submit the payment receipt or enter the transfer amount in the pop-up window before completing the transaction. Verify the details, and tap on Confirm.

Please note that you'll only be able to tap on the Confirm button after you’ve submitted the payment proof or entered the exact amount you’re required to pay.

Step 6b: If you’re not required to submit any proof, you can simply tap on Payment Completed after you’ve completed the payment.

Step 7: Once the coins you’ve purchased are released by the seller, you’ll be able to view them in your Funding Account under the Assets tab.

If you’ve activated Savings Subscription upon P2P purchase, the coins will be directly credited to your Earn Account.

To view your order history, navigate back to the advertiser list and tap on the Order History icon in the upper-right corner.

In the event that the seller fails to release the coins after 10 minutes, you may submit an appeal by clicking on the Order Dispute? Button. Our customer support team will assist you in the Order Chat Box. During this period, please do not cancel the order, unless you’ve received a refund from your seller. 

Bybit One-Click Buy

This feature simplifies the buying process and allows Bybit users to seamlessly buy their chosen crypto asset. Users can buy crypto using a variety of payment options, including P2P trading, bank card payment, third-party payment or fiat balances.

Here’s how you can get started.

Step 1: On the Home tab, tap on More followed by Buy Crypto.

Step 2: Place an order by inputting your preferred fiat currency, the coin you would like to receive and the purchase amount. Then, tap on Next, select your preferred Payment Method and tap on Buy With Fiat.

Step 3: Choose the deposit account and verify your payment details before confirming your order. 

Please note that you may be required to create or link your virtual account for the initial deposit. For more information, click here.

Step 4: Once you’ve successfully added/chosen your payment method, tap on Confirm to proceed.

Step 5:Enter your security code to confirm the transaction. Then, tap on Pay.

Please note that some payment methods specify set requirements in order for the transaction to be completed successfully. Please refer here for more information. 

Step 6: You’ll receive a notification on your deposit status. If it’s successful, the assets will be credited to your selected account within 48–72 hours (depending upon the payment method). If not, the notification will explain why the transaction was unsuccessful, in which case you may try again later.

If you’ve made the payment but haven’t received the asset in your Bybit account after three working days, please submit your request here with the Order ID and payment receipt. 

To track your deposit, you can tap on the Order History icon on the One-Click Buy order page.

Bybit Fiat Deposit

Fiat Deposit allows users to transfer fiat currency to their Bybit Funding Account. They can then use that balance to buy crypto at any time, reducing the hassle of payment processing. As of March 2025, Bybit supports over 20 fiat currencies from around the world. You can see if your currency is supported by checking the Fiat Deposit page before making the fiat deposit. 

Step 1: On the Home tab, tap on More, followed by Fiat Deposit.

Step 2: Input your preferred fiat currency, the deposit amount and your payment method, and verify the details. Then, tap on Continue.

Notes:

• The fiat deposit fees and processing time for each payment method are visible when selecting the payment method.

• If you’re unsure of the required information and process for a specific payment method, please check the Deposit Instructions (under the selected payment method) to learn more details.

• You need to complete Identity Verification before you can deposit with fiat currency. Please follow this guide to complete the Standard Identity Verification (if you haven't already done so) before continuing with your fiat deposit. 

• Accounts verified with Business KYC only support fiat deposits in BRL and ARS. For more information, please refer to this guide.

Step 3: Some payment methods require you to link your Bybit account to your service provider’s account. Verify the information before tapping on Confirm to proceed.

Please note that each payment method has different deposit processes. You can find more details here.

Step 4a: Online payment methods

Follow your bank or service provider’s instructions to transfer assets in accordance with the information Bybit has provided. Please ensure all details are correct and consistent, and be mindful of the deposit limit. Please be patient while your bank or service provider processes your order.

Step 4b: Offline payment methods

A pop-up notice window will appear, and you’ll need to verify it before tapping on Confirm to continue. Head to your deposit channel to transfer funds using the payment details shown on the page. Please ensure that you deposit using an account registered under your identity information. Otherwise, the transaction will fail. The ensuing refund process may take 7–14 working days, assuming all required information has been provided upon request.

Step 5: To view your order, tap on the Check Assets button, or head to the Fiat Deposit page and tap on the Order History icon in the upper-right corner of the page. 

Notes:

• Deposits are usually credited to your Funding Account within three working days. Real-time orders may undergo further investigation by our Risk Control team. If you have not received your deposit on Bybit after three working days, please fill out an Appeal Form to initiate the asset recovery process.

• The screenshots presented above are for illustrative purposes only, and were taken from various currencies and payment methods pages. As such, your fiat deposit pages may vary slightly to include the necessary fields for the selected currency and payment methods.

Buying/Selling crypto via Bybit Spot

Bybit’s Spot market is a reliable and secure way to swap cryptocurrencies. It supports a wide variety of coins and tokens. To get started with Bybit’s Spot market, users first need to deposit their crypto into their Bybit account, and to place their buy or sell trade on the app by using the Spot market section. 

Step 1: Tap on the Trade tab at the bottom of the screen and select Spot. Then, choose your preferred Spot trading pair by tapping on the three horizontal lines in the upper-left corner of the page and using the search function. 

Please note that a Spot trading pair with 10x indicated beside it means that the pair is supported in Spot Margin Trading.

Step 2: Choose either the Buy or Sell tab, depending upon your intention. Then, enter your order value or quantity. If you place an order through other order types, such as Limit Order or Conditional Order, you’ll need to enter your order price or trigger price.

For market buy and sell orders, the default is to place an order by value (market buy) and by quantity (market sell). You can tap on Order by Value or Order by Qty to switch your order placement preferences. 

Step 3: A confirmation window will pop up in which you can verify your order details. Then, tap on either Buy or Sell.

To view your current unfilled or untriggered orders, tap on the Orders tab. Tap on Modify under your order parameters to edit details such as your order price, trigger price or order quantity.

To cancel your Spot order, simply navigate to the All Orders tab and tap on Cancel. 

Conclusion

Bybit is one of the biggest crypto exchanges on the planet, and it continues as the preferred trading choice for millions of users globally. The Bybit app provides users the convenience of mobile trading, while still delivering a safe and secure trading environment. Use the following link to download the Bybit app and begin your mobile trading journey.

#LearnWithBybit