SINGAPORE - Media OutReach - 18 January 2022 -
Bybit, one of the world's fastest growing cryptocurrency exchanges has taken
trading to the next level by enabling peer-to-peer (P2P) transactions to help
easier on- and off-ramp access. Starting Jan. 18, 2022, Bybit users can buy and
sell Tether (USDT) with other users, easily and securely, at no platform or
hidden fees on the Bybit website, with the app version to be launched soon.
The P2P platform
offers more than 80 different payment methods and more than nine fiat options
(Australian dollar, Hong Kong dollar, Indian rupee, Malaysian ringgit,
Philippine peso, Russian ruble, New Taiwan dollar, Ukrainian hryvnia and
Vietnamese dong) with more in the pipeline.
What to Expect From Bybit's P2P
provides the best way to buy and sell crypto while giving Bybit users more
control over crypto to fiat conversions and vice versa, in a safe and secure
environment. Once a buyer completes their order, the seller's cryptocurrency
will be placed in a temporary deposit until both parties confirm that the
transaction is successful. There will also be an ad posting feature to allow
whitelisted users to personalize their offers according to preferred price,
payment method and local currency.
"We at Bybit
are excited to introduce P2P to address niche pain points in financial
inclusion. For the underbanked and retail investors everywhere, this fiat
currency payment solution provides them with seamless access to invest in
cryptocurrencies, freeing investors from the burdens of intransparent fees,
layers of intermediaries, delays and high barriers to entry. Bybit is in the
business of financial innovation and creating new gateways to financial
freedom," said Ben Zhou, Co-Founder and CEO of Bybit.