29.03.24, 15:22
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Buying and selling USDT on Bybit: step-by-step instructions
We provide you with a detailed guide on how to purchase and sell USDT on the Bybit exchange using the P2P service, which is similar to other cryptocurrencies.
The registration process is standard:
The KYC verification section is located in the main account menu: “Account and Security” -> "Identity verification" -> "KYC Verification". The exchange will also highlight a reminder about the need to verify your identity at the top of the platform.
To use P2P, it is enough to increase your status to level Lv.1.
When using P2P, you buy or sell cryptocurrency from other participants, and the exchange acts as a guarantor by blocking the amount of cryptocurrency from the seller until the transaction is completed.
Select a counterparty, check out the available volumes, costs and number of transactions carried out. You can also read reviews.
Click the "Buy USDT" button and make a payment using the details provided.
After transferring funds from the card, save the receipt or take a screenshot of the receipt. Confirm in the open order that the payment has been made.
The cryptocurrency purchase should be completed within a few minutes.
After completing one trade, you can easily buy and sell cryptocurrency automatically.
Registration and verification
To fully use the P2P service, buy and sell cryptocurrency for rubles with withdrawal to a card, you must go through the verification process after registration.The registration process is standard:
- Go to the link bybit.com.
- Fill out the form with your email and password.
- Confirm your email with the code from the letter.
The KYC verification section is located in the main account menu: “Account and Security” -> "Identity verification" -> "KYC Verification". The exchange will also highlight a reminder about the need to verify your identity at the top of the platform.
To use P2P, it is enough to increase your status to level Lv.1.
Buying cryptocurrency (USDT)
Go to the "Buy" tab and select P2P trading.When using P2P, you buy or sell cryptocurrency from other participants, and the exchange acts as a guarantor by blocking the amount of cryptocurrency from the seller until the transaction is completed.
Select a counterparty, check out the available volumes, costs and number of transactions carried out. You can also read reviews.
Click the "Buy USDT" button and make a payment using the details provided.
After transferring funds from the card, save the receipt or take a screenshot of the receipt. Confirm in the open order that the payment has been made.
The cryptocurrency purchase should be completed within a few minutes.
Sale of cryptocurrency
Selling cryptocurrency via P2P on Bybit is similar to the buying process. Simply select the "Sell" tab, enter the quantity, select a buyer and open an order. After receiving payment, confirm it to unlock the sent cryptocurrency.After completing one trade, you can easily buy and sell cryptocurrency automatically.
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