Bybit introduces instant Onchain deposits to Web3 Wallets for P2P Trading

Bybit, recognized as one of the top-five cryptocurrency exchanges by Coingecko, has unveiled a new feature allowing users to seamlessly acquire cryptocurrencies on-chain through its peer-to-peer (P2P) trading platform.

This enhancement empowers users to purchase USDT using over 62 fiat currencies, with the acquired cryptocurrencies being delivered directly to Ethereum and BNB blockchains. The process involves receiving USDT into the secure Bybit Wallet, with plans to expand the range of supported cryptocurrencies in the future. Bybit has implemented an intelligent system that highlights the most favorable offers based on factors such as location, preferred payment method, desired coins, and compatible providers.

By facilitating the connection between crypto buyers and sellers, Bybit demonstrates its commitment to becoming a global Crypto Ark. The P2P functionality of Bybit Web3 ensures secure peer-to-peer transactions, incorporating an escrow system that guarantees the smooth and trustworthy execution of each trade.

Ben Zhou, the co-founder and CEO of Bybit, emphasized the company’s dedication to democratizing financial access through decentralized blockchain technology. He introduced Bybit’s innovative Web3 Wallet, which not only enables users to engage with decentralized finance applications but also safeguards their assets and keys. Integrating this service with the P2P system further extends opportunities within the blockchain revolution.

Renowned for its competitive rates, minimal fees, and consistent conversion rates, Bybit now adds a fresh dimension to its offerings. Users can anticipate advantageous pricing and the flexibility to select from an extensive array of payment alternatives.