Becoming a P2P Advertiser on Bybit: Everything You Need to Know

Buying and selling cryptocurrencies for fiat money are key activities within the crypto industry. Crypto-to-fiat (and vice versa) trading operations support two vital processes that link the worlds of crypto and traditional finance — on-ramping and off-ramping. While there are several primary ways of buying and selling crypto for fiat, peer-to-peer (P2P) markets are desirable to traders thanks to their flexibility and the absence of intermediary parties. Transacting with a fellow trader to buy or sell crypto can be a mutually beneficial deal for both parties, especially if the trading platform doesn’t take its cut in transaction fees.

Unfortunately, many P2P crypto markets suffer from two key drawbacks. One is the presence of transaction fees, imposed by the platform that acts as a matchmaking medium for the transaction. Such fees defeat one of the main purposes of P2P trading — namely, eliminating intermediaries with financial interest. The second problem relates to the numerous scams and disputes during transaction execution in these trades.

Among the best solutions to avoid these problems is Bybit’s P2P trading platform. With zero transaction fees and a secure escrow system that protects both parties during a P2P crypto transaction, the platform may be an ideal choice for your crypto sell or buy operations. You can also register as an Advertiser on the platform to truly maximize the profitability and efficiency of your crypto-to-fiat or fiat-to-crypto activities. In this article, we’ll take an in-depth look into Bybit P2P Advertising and the numerous benefits that traders can derive from using this program, which is free to join for users of the Bybit P2P trading platform.

Key Takeaways:

• Bybit’s P2P trading platform allows traders to become Advertisers in order to place their cryptocurrency buy and sell ads.

• The ads significantly boost the visibility and reach of your crypto trading offers, creating access to a global audience of more than half a million users.

• Placing the ads is totally free, although there are requirements to be met in terms of recent trading activity.

What Is Bybit P2P Advertising? 

Bybit’s P2P trading platform helps cryptocurrency sellers and buyers conduct their P2P transactions with zero fees, a secure escrow system, access to a global audience of more than half a million users and the choice of more than 70 national fiat currencies, 300 cryptocurrencies and 600 payment methods. Run by one of the world’s leading cryptocurrency exchanges, Bybit P2P serves as one of the best mediums for crypto off-ramping and on-ramping.

Unlike smaller P2P platforms, Bybit P2P offers a sweeping range of fiat currencies. Among the more than 60 national currencies on offer are the U.S. dollar (USD), euro (EUR), British pound (GBP), Swiss franc (CHF), Singapore dollar (SGD), Brazilian real (BRL), United Arab Emirates dirham (AED) and many more.

True to the ethos of P2P trading, the platform charges no transaction fees for any buy or sell operations. Traders also benefit from an escrow system that lets both parties transact in complete security.

The two key parties on the platform are takers and makers. Takers place buy or sell orders through the existing ads on the platform, while makers are the ones placing the ads via the platform’s P2P Advertising program. 

Makers can post ads to increase the visibility of their crypto offers, thereby reaching more prospective buyers more quickly and optimizing the profitability and efficiency of their crypto trading. There are no fees involved for posting the ads or joining the Advertiser program. You do need to meet specific requirements, though, as we’ll detail further on.

As an Advertiser, you can also benefit from the unique P2P advertising shared asset function, which lets you place multiple ads for the same funds offered for sale. For example, if your account holds 500 USDT, you can place different ads for this amount, each tailored to different potential buyer segments.

Types of P2P Advertisers on Bybit 

There are three types of Advertisers on the Bybit P2P platform: General, Verified and Block. General Advertisers can publish their sell ads on the platform to attract potential buyers. Depending upon their last 30-day trading volumes, they’re classified into either the Beginner, Regular or Veteran subtype.

General Advertisers who successfully undergo additional verification and meet certain trading activity requirements can earn the Verified Advertiser status. These users enjoy higher ad visibility rankings and more generous transaction limits.

Block Advertisers wish to trade cryptocurrency at higher volumes, and enjoy the most generous transaction limits. To become a Block Advertiser, traders will need to undergo a complete individual or institutional verification, depending upon the account variety held on Bybit.

Bybit P2P Advertiser Requirements

To qualify as a General Advertiser, Bybit P2P users need to have been registered on the platform for at least 30 days. Their past 30-day trading volumes (on a rolling basis) determine their General Advertiser subtype. Beginner General Advertisers are those with a trading volume of less than 2,000 in USDT equivalent over the past 30 days. They also have no minimum requirement in terms of the number of counterparties transacted with during that period. 

Advertisers with a 30-day trading volume of at least 2,000 USDT and at least five counterparties qualify for the Regular General Advertiser designation. Those with a 30-day trading volume of at least 10,000 USDT and at least five counterparties can become Veteran General Advertisers. All General Advertisers also need to meet additional requirements in terms of the number of completed orders, order completion rate and basic identity verification. The table below outlines the requirements for all three varieties of General Advertisers.

Verified Advertisers need to meet further identity verification requirements beyond the basic level used for General Advertisers. They also need to have completed at least 60 orders in the past 30 days, have at least 100 total completed orders, maintain a favorable rating of at least 95%, achieve an average payment time of under 15 minutes and keep at least 500 USDT in their account at the time of application.

Block Advertisers also need to meet comprehensive individual or business verification requirements beyond those for Verified Advertisers. The verification requirements for Block Advertisers are summarized in the table below.

Bybit P2P Advertiser Benefits

All Advertiser types, including General Advertisers, benefit from having their ads reach thousands of Bybit P2P users. General Advertisers enjoy ad limits commensurate with their level — 1,000, 20,000 or 50,000 USDT per ad for Beginner, Regular and Veteran, respectively. The amount limits per ad for BTC and ETH also vary according to the level.

Becoming a Verified Advertiser allows you to access additional benefits, such as a special logo confirming your verified status, higher ranking in the ad display algorithm, access to exclusive promotions and priority customer service.

Block Advertisers’ benefits include: 

• a higher limit per ad (200,000 USDT vs. 50,000 USDT for Verified Advertisers and Veteran General Advertisers, respectively) 

• the highest ranking in the ad display algorithm 

• six buy ads and six sell ads running at the same time (the respective numbers for Verified Advertisers and Veteran General Advertisers are three buy and three sell ads) 

• access to pre-verified and margin-backed traders.

How to Post a P2P Advertisement on Bybit

You can post a P2P ad either from a desktop or via the Bybit mobile app as follows:

Desktop

Step 1: To post a P2P ad from a desktop environment, navigate to Buy Crypto from the main menu on Bybit’s website and select the P2P Trading option. 

Step 2: Select Ads and click on the Post Ad button from the drop-down menu.

Step 3: Click on either P2P Trading or P2P Block.

Step 4: Fill in the details of your ad, such as the type of ad, your preferred asset, minimum and maximum amounts per order, and price. You can choose either a fixed price — which remains unchanged, regardless of market developments — or a floating price — which varies based on ongoing market fluctuations. The floating price is calculated by taking into account the premium and the reference price to keep it in line with changing market dynamics.

Mobile

Step 1: If you use the Bybit mobile app, tap on More and then select P2P Trading. 

Step 2: Tap the three horizontal dots icon in the upper-right corner to go to My Ads. 

Step 3: From there, tap on Post Now and choose either P2P Trading or P2P Block. 

Step 4: Fill in the details of your ad. After completing your ad’s details, review and publish it.

If you apply to become a Verified Advertiser or Block Advertiser, note that you’ll need to provide a 1,000 USDT security deposit. This amount remains frozen in your account while you maintain your Verified or Block Advertiser status.

Tips for Successful P2P Advertising on Bybit

As a P2P Advertiser, you can maximize your success and profitability on the platform by following a few strategies. Naturally, one of the keys to success is to offer competitive prices. This not only attracts more willing buyers, but may also help you in the ad positioning rankings, since the top five Verified Advertisers with the best prices are regularly selected to be shown to buyers as special recommendations.

Maintaining a high order completion rate is another key strategy for successful advertising: it helps build your reputation and acts as a factor in determining the ad visibility rankings.

Being flexible in terms of your order — for example, offering a variety of payment methods — is also critical. Bybit’s P2P Trading attracts a global audience of more than half a million users, so when you offer more payment methods, you’re more likely to find willing buyers from different localities.

Being responsive and prompt in answering potential buyer inquiries is also highly recommended. A further way to optimize your ad performance is to become a Verified Advertiser, which helps you both build trust and achieve a higher position in the ad ranking algorithm. If you routinely plan to trade at significant levels, such as tens or hundreds of thousands of USDT equivalent per order, you may also consider becoming a Block Advertiser, which helps you achieve the highest priority in ad rankings.

Conclusion

P2P crypto trading on Bybit is an excellent way to buy or sell crypto without any transaction fees while enjoying the protections provided by a leading crypto exchange platform. The platform’s secure escrow system, zero fees on P2P orders, global audience of more than half a million users, close to 600 payment methods and choice of around 60 fiat currencies and 300 cryptocurrencies make it an ideal environment for cryptocurrency buyers and sellers. 

Furthermore, when you become an Advertiser on the platform you significantly boost your trading outcomes, exponentially increase the visibility and reach of your ads, qualify for generous order limits and build trust as a Verified Advertiser.

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