Pvp is when players kill each other. It gives good experience and the killer gets the other players funds. Players may loot each other. Killed players only lose the funds in their inventory, not bank. Funds saved in the bank are safe.

Currently, the game still doesn't have many players. The pvp won't shine at it's best until higher amounts of players interact online.

For now, you may try attacking other players when you see them. They have a chance to retaliate, so be sure to have a good weapon, mahic essence, and full health. They may also run to a different area. If you attack a player that has low health, you may have a chance to get a kill. Just like in runescape, players always have a chance to hit or get hit. This way, even a moob may get a pvp kill.