How to Set Up VelosBot on Bybit

VelosBot keeps your Bybit P2P ads at the front of the list automatically. You control everything from the phone app. This guide shows you every setting in simple steps. The whole setup takes about 5 minutes.

Before you start, do the two things in the videos above: install the Windows bot and the Android app, and create a Bybit API key with only the Ads (Fiat Trading) permission turned on. With that key, your funds cannot be touched even if the key leaks.

When you open the app, you paste your license and choose Bybit. Now you see the Home screen. On Bybit it has five things you can open: Settings & Filters, Buy Bots, Sell Bots, Payment Methods, and Blocked Merchants. On Bybit you can use four coins: USDT, USDC, BTC, and ETH. (BNB is Binance only.)

Setting 1 — Settings & Filters

Tap ⚙ Settings & Filters. These settings work for your whole account. This is the "Market" part:

• Fiat (PLN, PKR, EUR…) — the money you trade in. Type the code, for example PLN. It is saved in capital letters.
• Search every (sec) · how fast we react — how often the bot checks the market, in seconds. A smaller number means the bot reacts faster. Default: 20 seconds (you can set 5 to 300).
• Min gap between price updates (sec) — the shortest time the bot waits before it changes the same ad's price again. This keeps you safe under Bybit's speed limit. Default: 35 seconds (you can set 30 to 600).
• DRY-RUN (search only, do NOT update real ads) — a test mode. When it is on, the bot only looks and writes notes, but it does not change your real ads. It is off by default, so the bot prices for real. Turn it on only when you want to test.

The "Compete With" part decides which sellers and buyers the bot treats as your competition:

• Verified Merchants — on by default
• Pro Merchants — on by default
• Regular Users — off by default

Tap Save when you finish. On Bybit, Payment Methods and Blocked Merchants are not on this screen — they have their own screens (see below).

Setting 2 — Buy Bots

Tap 📈 Buy Bots. You will see one card for each coin: USDT, USDC, BTC, ETH. Each card shows how many ads you have set up. If a coin says "Locked — contact provider to unlock", it is not turned on for your license yet.

Tap a coin (for example USDT BUY) to open its settings.

Price Mode — how your price is decided

• Fixed price — your price is a set money amount (for example, 4.05 PLN for 1 USDC). Best for stablecoins (USDT, USDC).
• Floating % — your price is a percentage of the live market price (for example, 95% means 5% below the market). Best for BTC and ETH.
• Price Step (called Step % in floating mode) — how much you beat the best competitor by. Default: 0.01. In floating mode this is in percent, for example 0.1 = 0.1%.
• Sibling Spread (called Sibling Spread % in floating mode) — the smallest gap kept between your own two ads, so they never sit at the same price. Default: 0.05 (fixed) or 0.6 (floating). Set it to 0 to turn it off.

Ad #1 and Ad #2 — you can run up to two ads per coin

For each ad, fill in these boxes:

• Ad ID — your Bybit ad number. Leave it empty if you do not use this slot.
• Max Price — the highest price you will ever pay. The bot will never go above this. (In floating mode it is called Max % — you will not go above this % of the market price.)
• Default Price — the price to use when the bot finds no competitors.
• Min Limit — only compete with ads whose minimum order is at least this amount (in your money). 0 means off.
• Max Limit — only compete with ads whose minimum order is at most this amount (in your money). 0 means off.
• Minimum Quantity — skip competitors who offer less crypto than this. 0 means do not filter.

Tap Save.

Setting 3 — Sell Bots

Tap 📉 Sell Bots. This works the same way as Buy Bots — the same coins and the same boxes — but for your selling ads. There is only one difference:

• Instead of Max Price, you see Min Price — the lowest price you will ever sell at. The bot will never go below this. (In floating mode it is Min % — you will not go below this % of the market price.)

Everything else — Price Mode, Price Step, Sibling Spread, Default Price, Min Limit, Max Limit, Minimum Quantity, and the two ad slots — is the same as Buy Bots.

Extra screen — Payment Methods

Tap 💳 Payment Methods on the Home screen.

1. Tap the currency row at the top. A search box opens. You can search from 79 currencies. Pick your currency (for example, Poland — PLN).
2. Now you see a list of payment methods for that currency. Use the search box to find one by name or number.
3. Tick every payment method you accept.
4. Tap Save. Your ticks stay saved even if you switch to another currency.

Extra screen — Blocked Merchants

Tap 🚫 Blocked Merchants on the Home screen.

• Type one merchant per line.
• You can use the Bybit account ID (numbers — this is best, because it does not change when the person changes their name) or the nickname (not case-sensitive). You can mix both.
• Tap Save. The bot will always ignore these merchants.

That is it — you are done

Save your screens and start the bot from your Windows PC. VelosBot will now watch the market and keep your ads in front, 24 hours a day. It only changes the price of your ads — it never touches your balance, your limits, or your payment methods.

Simple rule to remember: you set the limits (Max Price / Min Price and Default Price) and how hard to push (Price Step). The bot does the rest and re-prices for you.

Setup takes about 5 minutes and the bot is 100% free. If you would still like us to set it up for you, we offer a done-for-you setup for $100 — just contact us and send a screenshot of your payment to confirm.

Ready to start? Download VelosBot for Windows and Android, or see the Bybit bot page for more.