Bybit, the world's third most visited crypto exchange, is proud to announce the launch of its new P2P HotSwap service. With P2P HotSwap, users can quickly and easily buy high-quality digital assets on the Bybit platform using over 500 offline payment methods, including bank cards and e-wallets.
Instead of matching buyers with sellers as per the usual peer-to-peer trading services, P2P HotSwap offers quotes from P2P advertisers and third-party liquidity providers to provide competitive quotes for targeted crypto asset conversions. This offers a new source of liquidity for fiat/crypto swaps.
The P2P HotSwap system recommends advertisers who meet specific criteria based on price, volume, and other factors to ensure efficient transactions and fair pricing. Bybit clients receive a holistic quotation, which seamlessly integrates the liquidity of the advertiser and third parties, giving users the best possible deal.
With P2P HotSwap, users no longer need to buy USDT first for exchange of crypto, instead they can quickly purchase cryptos directly through the new P2P HotSwap function. This simplifies the trading process and provides a more seamless experience, streamlining transactions. This unique feature further enhances the user experience and sets P2P HotSwap apart from traditional trading platforms.
"As the world's Crypto Ark, we are happy to offer this enhanced fiat on-ramp to our clients," said Ben Zhou, co-founder and CEO of Bybit. "Our new P2P HotSwap service streamlines the process of buying and selling trending coins and provides greater liquidity for fiat/crypto swaps."
"Our goal is always to create next-level products, which improve our user's experience," said Zhou. "With P2P HotSwap we are making it even simpler for our customers to access the crypto markets."
