P2P Trading via Fiat Balance lets traders pay and receive funds in the Bybit Funding Accounts of both buyers and sellers, so the entire transaction process will be more time efficient. Various fiat currencies are supported under the fiat balance payment methods for P2P trading. You will see the fiat balance payment option appear for each P2P advertisement where fiat balance payment is accepted :

Here’s a step-by-step guide to help you make your first P2P transaction with your fiat balance on Bybit. 

 

• As a Buyer
• As a Seller

On Desktop

As a Buyer

Step 1: Please click on Buy Crypto → P2P Trading on the top left corner of the navigation bar to reach the P2P trading page. 
 

Step 2: When on the Buy page, you can filter advertisers by selecting your desired criteria for Fiat Currencies or Payment Method — Fiat Balance, based on your transaction needs.

Notes:

— Under the Advertiser column, the displayed order quantity and percentage refer to:

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

— Under the Limits column, advertisers have listed the minimum and maximum transaction limits per order — in fiat terms — for each advertisement.

—Under the Payment Method column, you can see all supported payment methods for the advertiser you've selected.

Step 3: Choose your preferred advertiser, and click on Buy USDT. Please make sure that the advertiser you choose supports Fiat Balance payment.

Step 4: Enter the amount of fiat that you want to pay, or the number of coins you want to receive, and click Buy to proceed. 

Step 5: Click on Fiat Balance under Payment Method on the order page. Here’s a tip: If the fiat currency in your Funding Account is insufficient, you can click on Make Deposit on the Order page to deposit.

Notes:

— A Live Chat box is supported, allowing you to easily communicate with sellers in real time.

— If you have insufficient fiat currency in your Funding Account and fail to deposit in time, your order will be automatically canceled.

Step 6: Enter your Google Authenticator code or SMS code, then click on Confirm. The fiat currency you pay will be transferred to the seller immediately from your Funding Account.

Step 7: Seller coin release process is in progress.

Step 8: Once the coins you've purchased have been successfully released by the seller, you can click on Check Asset to view them along with your transaction history. You can also check your order status from the P2P order history. 

If you encounter any issues with your order, please send your inquiry via this form and specify your concerns.

To help you solve any problems more efficiently, please provide your UID, P2P order number and any applicable screenshot(s).

As a Seller

Step 1: Please click on Buy Crypto → P2P Trading on the top left corner of the navigation bar to enter the P2P Trading page. 

Step 2: On the Sell page, you can filter advertisers by selecting your desired criteria for Fiat Currencies or Payment Method — Fiat Balance, based on your transaction needs. 

Notes:

— Under the Advertiser column, the displayed order quantity and percentage refer to:

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

— Under the Limits column, advertisers have listed the minimum and maximum transaction limits per order — in fiat terms — for each advertisement.

— Under the Payment Method column, you can see all supported payment methods for the advertiser you've selected. 

Step 3: Choose your preferred advertiser, and click on Sell USDT. Please make sure that the advertiser you choose supports Fiat Balance payment.

Step 4: Enter the number of coins you want to sell or the amount of fiat currency you want to receive, and select a Fiat Balance payment method. Next, click on Sell to proceed. 

Step 5: During the pending process, the buyer will have 15 minutes to complete the payment.

— Live Chat box is supported, allowing you to easily communicate with buyers in real time.

Step 6: 

a. Order transaction is successful: 

• Once you’ve successfully received your payment from the buyer, your coins will be automatically released.

You’re all set!

b. Order transaction has failed:

• If the buyer did not complete the payment within 15 minutes, the order will automatically be canceled. The coins reserved on the P2P platform will also automatically be returned to your Spot Account.

If you encounter any issues with your order, please send your inquiry via this form and specify your concerns.

To help you solve any problems more efficiently, please provide your UID, P2P order number and any applicable screenshot(s).