How To Sell USDT On Bybit P2P In Nigeria

Introduction.

Cryptocurrency has become a big part of how people in Nigeria manage their money, make investments, and even save for the future.

Among the many digital currencies out there, USDT (Tether) is one of the most popular because it’s stable and pegged to the US dollar.

But for many people, figuring out how to turn their USDT into cash can feel tricky, especially if you’re new to crypto.

That’s where Bybit’s P2P (peer-to-peer) platform comes in. It’s a simple, secure, and fast way to sell your USDT directly to other users while avoiding high transaction fees or complicated processes.

If you’ve been wondering how to go about it, I’ll walk you through the steps in a way that’s easy to follow. By the end of this, you’ll feel confident selling USDT on Bybit P2P in Nigeria.

Why Use Bybit P2P?

Before diving into the steps, let me quickly explain why Bybit P2P is a great option:

No Hidden Fees: Selling on Bybit P2P doesn’t cost you extra. The platform is free to use.
Fast Transactions: You can sell USDT and receive Naira directly into your bank account quickly.
Security: Bybit holds the buyer’s funds in escrow during the transaction, so you’re protected until everything is confirmed.
Local Currency Support: You’re paid in Naira, which makes it super convenient for day-to-day use.

How Do I Sell USDT on Bybit P2P in Nigeria?

Here’s a simple guide to get started:

1. Create a Bybit Account

If you don’t already have a Bybit account, head over to Bybit’s website or download the app. Register using your email and set up 2-factor authentication (2FA) for extra security.

2. Verify Your Identity

To use the P2P feature, you’ll need to complete KYC (Know Your Customer) verification. This involves uploading a valid ID and a selfie. It’s a one-time process and usually takes less than 24 hours.

3. Navigate to the P2P Section

4. Select ‘Sell USDT’

In the P2P section, choose Sell USDT. Here, you’ll see a list of buyers offering to purchase USDT.

5. Filter Buyers

Use filters to find a buyer that fits your preferences. You can filter by:

Payment Method: Choose a buyer who pays via your preferred method, such as a direct bank transfer.
Price: Select a buyer offering the best rate.

6. Initiate the Trade

Click Sell USDT next to your chosen buyer. Enter the amount of USDT you want to sell and confirm the transaction.

7. Transfer USDT to Escrow

Bybit will ask you to transfer the USDT to an escrow account. This step ensures that the buyer cannot cancel the transaction without completing payment.

8. Wait for Payment

Once the buyer confirms the trade, they will send the payment to your bank account. Check your bank app to verify the payment.

9. Release USDT

After confirming you’ve received the payment, click Release USDT. The USDT will be sent to the buyer, and the transaction is complete.

Tips for Safe Trading

Double-Check Payment Details: Always make sure the buyer’s payment matches the agreed amount before releasing USDT.
Avoid External Chats: Keep all communication within the Bybit platform to avoid scams.
Respond Quickly: If you delay releasing USDT after receiving payment, the buyer might report the issue, which could complicate things.

FAQs

How long does it take to sell USDT on Bybit P2P?

Most transactions are completed within a few minutes. However, it depends on how fast the buyer sends the payment.

Are there any fees for selling USDT on Bybit P2P?

Bybit doesn’t charge fees for P2P trading, but your bank might charge a small fee for receiving the payment.

What should I do if the buyer doesn’t send the payment?

Don’t worry. Bybit’s escrow system ensures the USDT stays safe until the payment is confirmed. You can raise a dispute if needed.

Can I sell other cryptocurrencies on Bybit P2P?

Yes, Bybit P2P supports other coins like Bitcoin and Ethereum.

Conclusion

Selling USDT on Bybit P2P in Nigeria is straightforward, secure, and fast. With just a few clicks, you can convert your digital assets into cash, making it easy to use your funds for daily needs or other investments. Now that you know the process, why not give it a try?

What’s your biggest concern when it comes to trading cryptocurrency? Let me know in the comments!