KEY ISSUES

In this article, we will answer all these questions and provide complete instructions on how to buy
and sell cryptocurrency using cards and p2p trading.

What is P2P trading? How to buy cryptocurrency using
P2P trading on the ByBit exchange?

P2P or person to person trading means the process of buying or selling of cryptocurrency directly,
without the involvement of third parties and intermediaries. In our case, without the direct
participation of the exchange. But at the same time, the exchange controls the security of transfers
and acts as a platform on which the exchange between bidders actually takes place.

For greater clarity, consider a simple example: There are 2 bidders. One wants to buy 100 USDT
(crypto dollar), the other at this time wants to sell 100 USDT and get 100 USD on his bank card. The
first participant submits an application for purchase and transfers money from his bank card to
another person's bank card. If a person has received funds in his bank account, he confirms this
transfer and the exchange automatically transfers 100 USDT to the buyer's account on the
exchange. Additionally, I would like to note that on average, a P2P transaction takes 2-5 minutes.
And also the fact that the exchange fully controls the security of funds transfer.

For greater clarity, consider a simple example: There are 2 bidders. One wants to buy 100 USDT
(crypto dollar), the other at this time wants to sell 100 USDT and get 100 USD on his bank card. The
first participant submits an application for purchase and transfers money from his bank card to
another person's bank card. If a person has received funds in his bank account, he confirms this
transfer and the exchange automatically transfers 100 USDT to the buyer's account on the
exchange. Additionally, I would like to note that on average, a P2P transaction takes 2-5 minutes.
And also the fact that the exchange fully controls the security of funds transfer.

Next, we move on to step-by-step instructions on how to buy and sell cryptocurrency using P2P
trading on the ByBit exchange

1. In order to buy cryptocurrency, click on the Buy Crypto button on the main page of the exchange.

2. Next, below we choose P2P trading.

3. On the next page you will find a list of sellers. In this list, you choose the best option for you: b

After selecting the seller, click on the button - Buy.

4. In the next field, enter the required purchase amount in your currency. Below you can see how
much it will be in the equivalent of USDT. Having set the amount, click Buy.

5. On the next page, click Pay Now.

6. The next page will contain the seller's details and the bank card number to which you need to
transfer funds. After you have transferred the required amount, click on the confirmation button.

7. Confirm your transaction again.

8. After confirmation, you get to the waiting page. The page has a confirmation timer from the
seller. Confirmation usually takes 1 minute. In case of problems or lack of confirmation, you can file
an appeal by clicking on the button - Submit appeal. The exchange will then review your
application and send you the seller's funds.

9. If the seller confirms the transfer, the transaction confirmation page opens. After that, your
account will already be credited USDT for which you can actually buy any cryptocurrency on the
exchange.

1. To sell cryptocurrency and get money on a bank card, click on the Buy Crypto button on the main
page of the exchange

2. Next, below we choose P2P trading.

3. Then go to the Sell page.

This page lists the buyers to whom you can sell your cryptocurrency.

We choose the seller according to the necessary parameters, for example: the bank to which you
better get a transfer, the limit, the transfer rate in your currency (in our case it is UAH, 1 USDT = 31.8
UAH). After selecting the buyer, click the Sell button.

4. Next, you should see a window stating that you need to enter your card details. Bank card to,
which you will receive a money transfer from the buyer.

5. Enter the card number and add it to the list of your cards. You can link multiple bank cards from
different banks.

6. Then we return to the list of buyers and select the buyer. Having selected a buyer, you will be
taken to the next page. On this page, you enter the amount of USDT you want to sell and click the
Sell button.

7. Then you will be taken to the payment pending and confirmation page. If your buyer has sent
you funds on your bank card, confirm the transaction.

8. That's all, you have successfully sold your cryptocurrency and received money on a bank card.

In our opinion, the best and easiest way to buy and sell cryptocurrency is P2P trading. A nice bonus
of this method is that there are no commissions. But, there is also another way, it is buying directly
from the exchange. You can also read the instructions for this method below.

Instructions on how to buy cryptocurrency with a bank
card on the ByBit exchange!

1. To buy cryptocurrency and get money on a bank card, click on the Buy Crypto button on the
main page of the exchange.

2. Next, click on Express

3. The next step is to choose the currency we are buying for (in our case UAH) and choose the
cryptocurrency we want to buy. Enter the required amount you want to buy and click Buy.

4. The next step is to choose the service that will actually carry out this financial transaction. When
choosing a service, pay attention to the commission.

5. We confirm the transaction again. That’s it, you have bought cryptocurrency.

Watch these YouTube videos and you will learn how to use the exchange
from A to Z

In order to start trading, you need to deposit money to your account and choose profitable coins to
buy and sell. For many, this step can be especially exciting and worrying at first, so we suggest you
watch a video in which you will: