Cash in Person Transaction Rules

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2025-03-22 11:57:39

Bybit P2P allows users to conduct transactions securely through a variety of payment methods, including Cash In Person. This article outlines the rules and best practices for Cash-in-Person transactions ("Cash-in-Person Transaction Rules") to ensure smooth and secure trading. Users shall abide by the Cash-in-Person Transaction Rules to minimize risks and to ensure the safety of all parties involved. Failure to comply may result in disputes or financial losses, for which Bybit will not be held responsible.

Disclaimer: Bybit is not liable for losses resulting from non-compliance with the Cash-in-Person Transaction Rules. Additionally, Bybit does not assume responsibility for any personal safety risks or other security issues arising from the exposure of personal information. Always exercise caution and verify all details before proceeding with the transaction.

Cash In-Person Transaction

A "Cash in Person transaction" in P2P Trading refers to a face-to-face cash transaction between a buyer and a seller.

By engaging in Cash in Person transactions on the Bybit platform, users implicitly acknowledge and accept the Cash-in-Person Transaction Rules, as a result of which the users acknowledge and accept all associated risks and responsibilities. Bybit acts solely as an intermediary for trade matching and is not involved in any offline cash transactions between parties, either directly or indirectly. Furthermore, Bybit is not liable for any risks or financial losses that may arise from any Cash-in-Person transaction. If a dispute arises in the meantime, the P2P Specialist will handle the appeal in accordance with the established transaction rules and the chat history of both parties.

Important Note:

Both the buyer and seller are required to preserve and provide evidence of the cash payment made during the transaction.

▶ Buyer's evidence

▶ Seller's evidence

No appeals can be filed once an order has been marked as completed.

Reminders for Buyers:

Risk Awareness: You are fully aware of the risks involved in cash-in-person transactions.
Seller Selection: When selecting a seller on P2P Trading, please review the seller's P2P user profile and consider all relevant data before placing an order, such as trading volume and completion rate.
Price Agreement: The order price is subject to the price at the time when the ad was placed. Neither party is allowed to alter the price. Bybit is not liable for any disputes regarding price adjustments resulting from private negotiations between the buyer and seller.
Communication Channels: To protect personal information, only use the order's chat window for communication. If both parties choose to use other communication tools, they assume full responsibility for any security risks involved.
Meet at a Safe Public Location: Always meet in a secure public location with security cameras or law enforcement nearby. Avoid secluded or unsafe areas, and ensure the meeting location is agreed upon by both parties in advance. Do not meet with individuals who refuse to provide proper identification.
Prepare Exact Cash: Bring the exact cash amount as per the order and verify the authenticity of the banknotes to avoid disputes.
Cash Handling: Do not allow any third party to take your cash under any circumstances. Cash verification must be done in the presence of both parties involved in the transaction.
Verify Seller Identity: Before handing over the cash, verify the seller's identity using a government-issued ID or other valid identification. Ensure the seller is the rightful holder of the Bybit account you are trading with.
Transaction Details: Double-check the transaction details, such as the amount to be paid and the coins to be received, before proceeding.
Coin Freeze: The coins of the order will be frozen once the order is created and will only be released after the seller confirms receipt of payment.
Payment Confirmation: Avoid clicking "Paid" until you have completed the cash payment, as doing so may interfere with the normal functioning of your account.
Proof of Payment: Keep the proof of the cash payment, i.e. a photo in which both parties are holding their respective identity documents, the cash involved in the transaction, and the order details page clearly displaying the order ID, transaction amount, and coin amount.

Example:

Confirm the Order in Person: Once the cash is handed over, ensure the seller has completed the order and released the coin to you before leaving the meeting location.
Appeals: No appeals can be filed once an order has been marked as completed.

Reminders for Sellers:

Risk Awareness: You are fully aware of the risks involved in cash-in-person transactions.
Price Agreement: The order price is subject to the price at the time when the ad was placed. Neither party is allowed to alter the price. Bybit is not liable for any disputes regarding price adjustments resulting from private negotiations between the buyer and seller.
Communication Channels: To protect personal information, only use the order's chat window for communication. If both parties choose to use other communication tools, they assume full responsibility for any security risks involved.
Meet at a Safe Public Location: Always meet in a secure public location with security cameras or law enforcement nearby. Avoid secluded or unsafe areas, and ensure the meeting location is agreed upon by both parties in advance. Do not meet with individuals who refuse to provide proper identification.
Verify Buyer Identity: Verify the buyer's identity using a government-issued ID or other valid identification. Ensure the buyer is the rightful holder of the Bybit account you are trading with.
Transaction Details: Double-check the transaction details, such as the amount to be received and the coins to be released, before proceeding.
Coin Freeze: The coins of the order will be frozen once the order is created and will only be released after the seller confirms receipt of payment. Do not release the coins before receiving the cash payment.
Validate Cash: Carefully check the cash for authenticity and ensure the amount of the cash is accurate before releasing the coins. Ensure the cash is counted in the presence of the buyer.
Proof of Payment: Keep the proof of the receipt of the cash payment, i.e. a photo in which both parties are holding their respective identity documents, the cash involved in the transaction, and the order details page clearly displaying the order ID, transaction amount, and coin amount.

Example:

Release Coins: Please transfer the coin to the buyer within 10 minutes of receiving the payment confirmation. The buyer will be able to appeal the order if the payment has not been received after 10 minutes, and customer support will send the coins to the buyer according to the legitimate proof provided by the buyer. Only mark the order as "Completed" on the Bybit platform after verifying the cash payment. Do not release the coins before confirming receipt of cash.
Appeals: No appeals can be filed once an order has been marked as completed.

Tips for Secure Transactions

Bring a Companion: If possible, consider bringing a reliable companion to the meeting for additional security.
Emergency Preparedness: Ensure your phone is charged and have access to emergency contacts in case of unforeseen circumstances.

Bybit reserves the right to amend these rules as necessary to ensure a secure trading environment.

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