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Peer-to-peer (or P2P) trading is a form of trade in which buyers and sellers directly exchange their crypto coins and fiat assets.
Key Takeaways:
Bybit P2P allows direct crypto-to-fiat and fiat-to-crypto P2P trades between users, with zero transaction fees and strict KYC verification for security.
Bybit P2P supports over 300 cryptocurrencies, 70 fiat currencies and 600 payment methods, in addition to a P2P Block feature for large trades (10,000–200,000 USDT).
Bybit P2P employs multiple security features, such as an escrow system, appeals, reporting and security deposits.