Crypto exchange Bybit launches zero-fee model for P2P trading

  • Bybit, the third-largest cryptocurrency exchange globally, has introduced a zero-fee model for its peer-to-peer (P2P) trading system.
  • Bybit’s zero-fee approach extends to all fiat trading pairs on its P2P platform, encouraging traders to engage in fee-free transactions.
  • Bybit, founded in 2018, boasts over 570 payment options, supports over 60 local currencies, and prioritises safety with a 99.99% anti-fraud record, catering to its 20 million-strong community of cryptocurrency investors and traders.

The third-largest cryptocurrency exchange, Bybit, has formally launched a zero-fee model for its peer-to-peer (P2P) trading system, eliminating fees for both buyers and sellers.

OUR TAKE
Bybit offers a zero-fee strategy for all fiat trading pairs on its peer-to-peer platform. For traders, this move is a significant step forward, as it not only eliminates transaction costs but also empowers them to maximize their profits and engage more freely in the market. Moreover, the elimination of transaction costs enhances accessibility, making cryptocurrency trading more appealing and accessible to a broader range of individuals, potentially attracting more investors.

Sylvia Shen, BTW Reporter

Bybit introduces a zero-fee strategy

Bybit offers a zero-fee strategy that applies to all fiat trading pairs on the peer-to-peer (P2P) platform, attracting traders to participate in transactions without incurring any fees.

Peer-to-peer (P2P) services are decentralised platforms that allow two people to communicate with one other directly without third party.

Bybit makes sure that transaction costs do not impede traders’ financial goals, whether they are makers generating new opportunities or takers reacting to already-existing advertisements.

Also read: Hong Kong regulators warn against unlicenced Bybit exchange

Through continuous system fine-tuning, stringent risk control measures, and round-the-clock support, Bybit claims a 99.99% anti-fraud record on its platform.

Bybit offers access to over 570 payment options and supports more than 60 local currencies, simplifying cryptocurrency transactions across online and mobile platforms.

Also read: Nigerian SEC proposes hike in crypto exchange registration fees

About Bybit

Founded in 2018, Bybit is one of the top three cryptocurrency exchanges, with 20 million members. It provides a platform with a lightning-fast matching engine, round-the-clock customer assistance, and multilingual community support for cryptocurrency investors and traders.

Sylvia-Shen

Sylvia Shen

Sylvia Shen, an intern reporter at BTW media dedicated in Fintech and Blockchain. She graduated from University of California, Davis. Send tips to s.shen@btw.media.

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