Bybit P2P · USDT/PHP 🇵🇭
The live Bybit P2P USDT/Philippine Peso market across 32 payment methods. Cheapest BUY: ₱61.49 · highest SELL: ₱61.50 · spread 0.02%.
Payment methods · Bybit USDT/PHP
| # | Payment method | Buy price | Sell price | Buy ads | Sell ads | Activity 24h |
|---|---|---|---|---|---|---|
| 1 | Gcash | ₱61.79 | ₱61.48 | 73 | 97 | 4.3K |
| 2 | Paymaya | ₱61.70 | ₱61.45 | 40 | 76 | 2.0K |
| 3 | Bank Transfer | ₱61.49 | ₱61.45 | 42 | 61 | 2.4K |
| 4 | GoTyme Bank | ₱61.55 | ₱61.45 | 35 | 50 | 2.0K |
| 5 | Coins.ph | ₱61.49 | ₱61.40 | 30 | 15 | 1.1K |
| 6 | Bank of the philippine Islands (BPI) | ₱61.70 | ₱61.45 | 19 | 20 | 1.1K |
| 7 | CIMB | ₱61.71 | ₱61.34 | 13 | 24 | 557 |
| 8 | UnionBank of the Philippines | ₱61.79 | ₱61.50 | 9 | 26 | 299 |
| 9 | SEA Bank | ₱61.74 | ₱61.34 | 10 | 13 | 503 |
| 10 | PNB | ₱62.61 | ₱61.28 | 8 | 7 | 159 |
| 11 | BDO | ₱62.81 | ₱61.28 | 4 | 10 | 163 |
| 12 | Banco De Oro (BDO) | ₱62.05 | ₱61.44 | 3 | 10 | 194 |
| 13 | Komo Bank | ₱62.61 | ₱61.18 | 5 | 8 | 264 |
| 14 | Metropolitan Bank of the Philippines | ₱62.61 | ₱60.70 | 6 | 7 | 42 |
| 15 | Security Bank | ₱62.61 | ₱61.28 | 5 | 6 | 223 |
| 16 | Rizal Commercial Banking Corporation | ₱62.61 | ₱61.28 | 3 | 6 | 61 |
| 17 | Unknown #707 | ₱61.49 | ₱61.32 | 5 | 2 | 353 |
| 18 | LandBank of the Philippines | ₱61.99 | ₱60.70 | 1 | 6 | 12 |
| 19 | China Bank | — | ₱61.28 | 1 | 5 | 164 |
| 20 | Maybank | ₱64.27 | ₱60.48 | 1 | 4 | 55 |
| 21 | ShopeePay-SEA | — | ₱55.00 | 1 | 2 | 3 |
| 22 | Cash Deposit to Bank | ₱66.99 | — | 2 | 1 | 33 |
| 23 | NetBank | ₱62.95 | ₱59.02 | 2 | 1 | 171 |
| 24 | Unknown #709 | — | ₱60.88 | 1 | 2 | 3 |
| 25 | Western Union | ₱68.00 | ₱57.00 | 1 | 1 | 55 |
| 26 | ING | — | ₱57.00 | 1 | 1 | 4 |
| 27 | Revolut | — | ₱57.00 | — | 2 | 2 |
| 28 | Union Bank | ₱61.80 | ₱61.30 | 1 | 1 | 293 |
| 29 | Unknown #695 | — | ₱61.30 | 1 | 1 | 9 |
| 30 | Unknown #708 | ₱62.89 | — | 1 | 1 | 52 |
| 31 | True Money | — | ₱57.09 | — | 1 | 1 |
| 32 | BBVA | — | ₱57.00 | — | 1 | 1 |
About Bybit USDT/PHP P2P trading
Bybit's USDT/PHP market is the live peer-to-peer book for Philippines-based users buying and selling Tether directly via local rails. The current cheapest BUY is ₱61.49 and the highest SELL is ₱61.50, a 0.02% spread across 792 active ads. USDT/PHP typically trades ~2% over the official forex rate — PHP/USDT trades 1-3% above PHP/USD interbank; premium reflects merchant spread + remittance-corridor demand from OFW remittances..
Across this market, 32 payment rails are currently quoted. Gcash, Paymaya, Bank Transfer carry the most ad volume; the table above ranks every active rail by total 24h activity. Deepest RUB liquidity post-sanctions; consistently aggressive pricing on majors due to high merchant competition.
Regulator in Philippines: BSP (Bangko Sentral ng Pilipinas) regulates VASPs under Circular 1108 (2021). SEC registers token issuers. Both legal and active framework; Philippines is a top-tier crypto-friendly jurisdiction.. Tax: BIR (Bureau of Internal Revenue) treats crypto gains as ordinary income under TRAIN Law: 0-35% personal slabs. To trade, open Bybit P2P, filter by your preferred rail, and pick a merchant with completion rate ≥98% and order count ≥1,000. Don't include "crypto" or "USDT" in payment notes.
Philippine Peso P2P context
Typical USDT/PHP premium: ~2%. PHP/USDT trades 1-3% above PHP/USD interbank; premium reflects merchant spread + remittance-corridor demand from OFW remittances.
Tax in the Philippines: BIR (Bureau of Internal Revenue) treats crypto gains as ordinary income under TRAIN Law: 0-35% personal slabs. 12% VAT may apply on certain transaction fees.
Regulator: BSP (Bangko Sentral ng Pilipinas) regulates VASPs under Circular 1108 (2021). SEC registers token issuers. Both legal and active framework; Philippines is a top-tier crypto-friendly jurisdiction.
What Bybit brings to the PHP market
Deepest RUB liquidity post-sanctions; consistently aggressive pricing on majors due to high merchant competition. 0% maker + taker fees in most markets. Strong UPI/IMPS coverage for INR.
Fees + KYC: 0% trading fees for both makers and takers across most P2P markets. KYC required above small daily limits (typically $1k/day unverified). FIU-IND registered in India.
Frequently asked questions
What is the live Bybit P2P USDT/PHP rate?+
As of the most recent Bybit sync, the cheapest BUY price is ₱61.49 and the highest SELL price is ₱61.50 across 32 active payment methods. The full per-payment-method breakdown is in the table above.
What payment methods does Bybit support for PHP?+
Bybit currently supports 32 active payment methods for USDT/PHP: Gcash, Paymaya, Bank Transfer, GoTyme Bank, Coins.ph, Bank of the philippine Islands (BPI), plus 26 more. Different rails have slightly different prices because they carry different settlement risk and time costs.
Is USDT/PHP P2P trading legal in the Philippines?+
Yes. BSP (Bangko Sentral ng Pilipinas) regulates Virtual Asset Service Providers under Circular 1108 (2021); SEC handles token-issuer registration. The Philippines is a top-tier crypto-friendly jurisdiction with an active regulatory framework.
Why are GCash and Maya the dominant rails?+
GCash has ~80M users (~70% of Philippine adults) and Maya has another ~50M; together they dominate retail digital payments. P2P merchants overwhelmingly support both because the Philippine bank-account population is much smaller than the e-wallet population.
Why is Bybit P2P so popular for USDT/RUB?+
When Binance and OKX restricted Russian users following EU sanctions in 2022-23, Bybit kept full RUB P2P access. The result: Russian merchants migrated en masse, Russian retail volume followed, and Bybit became the deepest USDT/RUB book by 2024.
How are Bybit P2P spreads typically priced?+
Bybit merchants tend to undercut Binance by 0.1-0.4% on overlapping markets — they're competing for the marginal trader who price-shops across platforms. The cheapest USDT BUY price in our cross-exchange comparison is often a Bybit ad.
How does OpenRate get this Bybit PHP data?+
For Bybit we crawl their public P2P API every 60 seconds and write merchant-level ad data to our Postgres. The aggregate per-payment-method numbers above are reconciled against p2p.army's TOP1 snapshot every 30 minutes.