Bybit, a leading cryptocurrency exchange ranked among Coingecko’s top-five, has unveiled an exciting upgrade to its peer-to-peer (P2P) trading service. The platform now allows users to buy cryptocurrencies directly on-chain using Bybit’s Web3 Wallet, expanding the range of options available to crypto enthusiasts around the world.
The latest enhancement empowers users to purchase Tether (USDT) with over 62 fiat currencies. The acquired USDT is deposited directly into users’ Web3 Wallets, utilizing the Ethereum and Binance Smart Chain (BNB) blockchains. Bybit plans to incorporate more cryptocurrencies into this feature in the near future, expanding the possibilities for traders and investors.
A standout feature of Bybit’s P2P functionality is its intelligent matching system. This system takes into account various factors such as the user’s country/region, preferred payment method, desired coins, and compatible providers to display the most favorable offers. This ensures a seamless and personalized experience for each user, making trading easier and more accessible.
Bybit’s Commitment to Seamless Crypto Trading
Bybit’s commitment to becoming the world’s Crypto Ark drives its mission to connect buyers and sellers of cryptocurrencies seamlessly. With the new P2P enhancement, the platform provides a secure and efficient escrow system for every trade, promoting trust and integrity within the community.
Ben Zhou, co-founder, and CEO of Bybit, expressed his enthusiasm for the innovative Web3 Wallet integration: “At Bybit, we continuously strive to democratize access to financial services using decentralized blockchain technology. To break down the difficulty barrier, we have invented Bybit’s Web3 Wallet, which allows users to interact with decentralized finance apps while keeping their assets and keys and kept safe by Bybit. By connecting this service with our P2P system we are again throwing open the doors for anyone to come and take advantage of the next-level opportunities offered by the blockchain revolution.”
Known for its competitive rates, low fees, and reliable conversion rates, Bybit’s new P2P functionality is set to provide users with even more advantageous pricing and greater freedom in selecting payment options. The exchange’s user-friendly approach aims to attract both seasoned traders and newcomers to the crypto space, further solidifying Bybit’s position in the market.
Established in 2018, Bybit has grown into a reputable platform offering crypto traders an ultra-fast matching engine, top-notch customer service, and a supportive multilingual community. Additionally, the exchange takes pride in its partnerships with prestigious entities like Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, and several prominent esports teams, including NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.
Bybit’s latest P2P enhancement is expected to attract significant attention from the crypto community, providing a seamless and secure way for users to access cryptocurrencies directly on-chain while enjoying the platform’s reliable services and features.
