What's Hot

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Bybit announces the creation of its P2P platform
    Analysis

    Bybit announces the creation of its P2P platform

    AdminBy AdminJanuary 22, 2022No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On January 18, 2022, Bybit introduced P2P (peer-to-peer) transactions in its platform. The cryptocurrency exchange site wants to allow its users to trade easily and securely. Now, customers will be able to transact without hidden fees on the Bybit website.

    What is the Bybit P2P platform?

    Bybit is a crypto exchange site founded in March 2018 with the goal of providing a professional platform for users. Investors find an extremely fast execution engine with excellent customer service and support available in several languages.

    The company stands out for its innovative online trading services. Here you will find derivatives, mining products and good API support for retail and institutional clients worldwide.

    Transaction fees and fiat currencies supported on the P2P platform

    The Bybit P2P platform offers over 80 different payment methods and over 9 fiat options, including Australian dollar, Hong Kong dollar, Indian rupee, Malaysian ringgit, Philippine peso, Russian ruble, Taiwan dollar, Ukrainian hryvnia and synthetic dong.

    Bybit’s P2P offers the best way to buy and sell cryptos. Bybit users will now have more control over how cryptos are converted to fiat and vice versa in a single environment. After the buyer completes their order, the seller’s cryptocurrency is temporarily blocked until both parties confirm the successful completion of the transaction.

    There will be an ad posting feature which will allow users to customize their offers based on price, payment method and local currency.

    The peer-to-peer (P2P) functionality offered by Bybit allows users to make purchases and sales of cryptos. One of the particularities of this feature is that it allows you to make transactions without hidden fees.

    As for the fees, Bybit applies 0.025 commission fee on the amount paid when you make a deposit. Withdrawal fees are between 0.0005 and 1% of the amount withdrawn.

    Transaction fees on Bybit vary depending on whether you are a taker or a market maker.

    Fees applied for derivative products:

    Market makers: -0.025

    Market takers: 0.078%

    Fees charged for spot trading

    Market Makers: 0%

    Market takers: 0.1%

    Finally, the fees applied for cryptocurrency exchanges amount to 1%.

    Bybit P2P

    Before you start trading on Bybit, you must first complete a number of steps. You have to start by registering on the platform, verifying your account and depositing the funds. As soon as you make your first deposit, you can then start trading.

    Start trading by choosing your pair on which you will place your bet. You will then see a graph appear that will show you the price movement. Then enter the parameters. So you can choose the options like place order or stop loss Bybit.

    You can also opt for leveraged trading. This choice also requires you to follow certain steps.

    Choose your order type : this first step consists in choosing your type of order. The crypto exchange has three main order types namely: limit order, market order and entry order.

    Take Profit/Stop Loss : After the first step, click on the Take Profit/Stop Loss option which will open to you on a window.

    Check and confirm your order : this is to check the details of your order. Order information will be under the take profit/stop loss section.

    Track your order : This last step is to keep track of your open positions.

    Note, however, that you will only be able to access Bybit’s P2P platform from its website. The mobile application is still in the works but will certainly be available soon.

    The advent of the P2P platform on Bybit will certainly delight many users of the site. These will benefit from a number of advantages linked to P2P. The effect of this announcement will be felt through the transactions that customers will now be able to make on the platform.

    Erica Masson

    Passionate about stock market trading and crypto-currencies, I work on writing articles on the subject in order to share my experience and inform at the same time. Because I am convinced that crypto-currencies open up perspectives that everyone should experience.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022

    Cardano (ADA) Founder Offers Crypto Self-Certification

    June 25, 2022

    Axie Infinity: The company behind the game wants to compensate the victims of the hack

    June 25, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • First fundraiser for Doodles and new partnership
    • More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States
    • The bitcoin (BTC) invites itself in the programs of the University of Cincinnati
    • Cardano (ADA) Founder Offers Crypto Self-Certification
    • Axie Infinity: The company behind the game wants to compensate the victims of the hack

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy