Bybit is one of the fastest-growing cryptocurrency trading platforms in the world, with a strong reputation for derivatives trading, a user-friendly interface, and a growing set of features for both beginners and pro traders. Launched in 2018, Bybit has rapidly evolved from a derivatives-only exchange into a full-featured platform offering spot trading, copy trading, P2P crypto exchange, earning tools, and even crypto loans.
Whether you’re a seasoned trader or just entering the world of crypto, this article provides a complete overview of Bybit—including features, how to register, how to use P2P, fees, pros, cons, and more.
🔍 What is Bybit?
Bybit is a Singapore-based cryptocurrency exchange originally focused on perpetual futures contracts. Over time, it expanded into spot trading, P2P trading, staking, crypto loans, launchpads, and copy trading.
It’s known for:
- High-speed trading with 100K TPS engine
- 99.99% system uptime
- Deep liquidity in futures markets
- Global support and availability (except U.S., China, some regions)
🧩 Key Features of Bybit
🔸 1. Spot & Futures Trading
- Spot market for BTC, ETH, SOL, XRP, and more
- Perpetual contracts with up to 100x leverage
- Strong liquidity and real-time risk engine
🔸 2. Copy Trading
- Automatically copy trades from pro traders
- Simple to start and manage
- Ideal for passive earning
🔸 3. Bybit Earn
- Offers staking, fixed savings, dual asset mining
- Great for long-term HODLers to earn passive income
🔸 4. Launchpad & Launchpool
- Get early access to token launches
- Stake BIT tokens to join new project sales
🔸 5. Crypto Loans
- Borrow crypto using existing holdings
- Flexible repayment options
🔸 6. NFT Marketplace
- Trade, mint, and collect NFTs in a dedicated section
🔸 7. P2P Trading (NEW & Growing)
Buy and sell crypto directly with other users using local currency. Bybit P2P supports several fiat currencies, offers zero trading fees, and is fully escrow-protected.
🤝 Bybit P2P Trading: What You Need to Know
✅ What is P2P on Bybit?
P2P (Peer-to-Peer) trading allows users to buy and sell crypto directly with other users using their preferred local payment methods—like bank transfer, bKash, UPI, GCash, JazzCash, Paytm, and more—without involving an intermediary.
Bybit acts as a secure escrow, holding the crypto until the buyer confirms payment, reducing the risk of fraud.
🔧 How to Use P2P Trading on Bybit
To Buy Crypto:
- Go to Bybit P2P or tap “P2P” in the mobile app.
- Select the currency (e.g., USDT) and your local payment method.
- Choose a trusted seller based on rating, limits, and rates.
- Click Buy, enter the amount, and transfer the money as instructed.
- Click Payment Completed and wait for crypto to be released.
To Sell Crypto:
- Transfer crypto to your P2P wallet.
- Browse the Buy Ads, choose a buyer, and click Sell.
- Wait for the buyer’s payment, confirm receipt, and release the crypto.
🛡️ Is P2P Safe on Bybit?
Yes. Bybit P2P includes:
- Escrow protection to hold funds during the trade
- Dispute resolution system for buyer/seller disagreements
- KYC verification for all participants
- Trusted trader system with user ratings and completion rates
🌍 Supported Fiat Currencies & Methods
Bybit P2P supports:
- USD, INR, BDT, PHP, NGN, MYR, THB, and more
- Payment methods: Bank Transfer, bKash, Paytm, GCash, UPI, Easypaisa, JazzCash, Revolut, and others
✔️ Zero fees on P2P trades
✔️ Available 24/7 worldwide (except in restricted regions)
📝 How to Register on Bybit
- Visit: https://www.bybit.com
- Sign Up: Use email or mobile
- Verify Identity: KYC required for full access and P2P use
- Enable 2FA: For added security
- Fund Account: Via crypto deposit, P2P, or third-party fiat provider
- Guide of How to Register an Account?
💵 Bybit Fees (2025)
| Transaction Type | Fee |
|---|---|
| Spot Maker | 0.10% |
| Spot Taker | 0.10% |
| Derivatives Maker | 0.01% |
| Derivatives Taker | 0.06% |
| P2P Trading | 0% |
| Withdrawal Fee | Dynamic (e.g., ~0.0005 BTC) |
📱 Bybit Mobile App
The Bybit app is available on iOS and Android, offering:
- Real-time spot and futures trading
- P2P trading with instant payment
- Copy trading tools
- Earn, loans, and staking features
- Price alerts and portfolio tracking
✅ Pros of Bybit
| Advantage | Description |
|---|---|
| 🌐 Beginner-Friendly | Easy UI with pro-level depth |
| ⚡ Fast Trading Engine | 100,000 TPS and high uptime |
| 💰 Low Fees | Competitive across all services |
| 🛍️ P2P Marketplace | Zero-fee, local fiat support |
| 📈 Copy Trading | Passive strategy for new users |
| 🛡️ Safe & Transparent | KYC, escrow, and 2FA security |
❌ Cons of Bybit
| Disadvantage | Description |
|---|---|
| 🚫 Restricted in U.S. | Not available for U.S. users |
| 💳 Limited Native Fiat Support | Relies on P2P and 3rd-party providers |
| ⚠️ Leverage Risks | 100x margin is not beginner-friendly |
🧠 Who Should Use Bybit?
✅ Best For:
- Active traders (spot and futures)
- Passive investors (copy trade, earn)
- Merchants or users who prefer P2P for local payments
- Those outside the U.S. or other restricted zones
❌ Not Ideal For:
- U.S. residents
- Users needing direct bank withdrawals
- Absolute beginners with no trading experience
🛡️ Is Bybit Safe?
Yes. Bybit offers:
- Multi-layer security, including cold wallet storage
- KYC compliance, 2FA, anti-phishing protection
- Escrow protection in P2P trades
- A transparent operational record with no major hacks to date
💬 Final Verdict: Is Bybit Worth It?
Bybit has evolved into one of the most complete, trader-focused platforms in crypto. From advanced futures trading and spot markets to P2P exchanges, staking, and copy trading—Bybit offers powerful tools without overwhelming the user.
Whether you’re a crypto veteran or a new trader exploring P2P buying options in your local currency, Bybit delivers reliability, low fees, and excellent speed.
📩 Ready to Get Started?
👉 Sign up here: www.bybit.com
🛍️ Use referral code “WYA74ZW” to claim sign-up bonuses (if available).
📲 Need help setting up or trading P2P? Drop your question in the comments.