Pacifier Posted November 12, 2021 Report Share Posted November 12, 2021 1 hour ago, blitzkreiig said: So apps like CoinSwitch Kuber and Coin DCX not worth exploring. From my limited research, Coinswitch seems to have hidden charges during buying and selling and reviewed negatively. Have to check Coin DCX. But if anyone using these apps in the forum, would like to hear some thoughts as well Quote Link to comment Share on other sites More sharing options...
TheGothamChampion Posted November 13, 2021 Report Share Posted November 13, 2021 21 hours ago, KunjanPSD said: But that option isn't secure/reliable? What if the seller backs out after payment? I've used p2p transaction a number of times. Suppose if you place a buy order, the amount of crypto you want to purchase will be blocked in seller's account. Even if the seller backs out after receiving the money, you can raise a claim and upload screenshots of transaction. Your crypto will be automatically released. 1 Quote Link to comment Share on other sites More sharing options...
gecko89 Posted November 13, 2021 Report Share Posted November 13, 2021 3 hours ago, TheGothamChampion said: I've used p2p transaction a number of times. Suppose if you place a buy order, the amount of crypto you want to purchase will be blocked in seller's account. Even if the seller backs out after receiving the money, you can raise a claim and upload screenshots of transaction. Your crypto will be automatically released. Good to hear. Where was this? Binance or WazirX or any other exchange? Quote Link to comment Share on other sites More sharing options...
TheGothamChampion Posted November 13, 2021 Report Share Posted November 13, 2021 2 hours ago, gecko89 said: Good to hear. Where was this? Binance or WazirX or any other exchange? Binance. P2p matches are hard to find in Wazirx because of comparatively low volumes. Quote Link to comment Share on other sites More sharing options...
gecko89 Posted November 13, 2021 Report Share Posted November 13, 2021 3 minutes ago, TheGothamChampion said: Binance. P2p matches are hard to find in Wazirx because of comparatively low volumes. Also, if I may ask, How'd you make the payment? UPI? Netbanking? Quote Link to comment Share on other sites More sharing options...
TheGothamChampion Posted November 13, 2021 Report Share Posted November 13, 2021 3 hours ago, gecko89 said: Also, if I may ask, How'd you make the payment? UPI? Netbanking? Sellers can list any of the payment options like upi, paytm, or imps. You need to make payment to any of these payment methods to purchase crypto. Quote Link to comment Share on other sites More sharing options...
gecko89 Posted November 13, 2021 Report Share Posted November 13, 2021 Just now, TheGothamChampion said: Sellers can list any of the payment options like upi, paytm, or imps. You need to make payment to any of these payment methods to purchase crypto. Oh yes, I've noticed that. I mean what did you choose? Your preferred method of payment. Quote Link to comment Share on other sites More sharing options...
KnackChap Posted November 13, 2021 Report Share Posted November 13, 2021 Crypto users be careful, lots of news floating around that GOI is in the final phase of making new rules and implementing it. Quote Link to comment Share on other sites More sharing options...
TheGothamChampion Posted November 13, 2021 Report Share Posted November 13, 2021 26 minutes ago, gecko89 said: Oh yes, I've noticed that. I mean what did you choose? Your preferred method of payment. I mostly use gpay. Even I sold 1000 BUSD via UPI last week. 1 Quote Link to comment Share on other sites More sharing options...
Bhpian Bali Posted November 14, 2021 Report Share Posted November 14, 2021 7 hours ago, KnackChap said: Crypto users be careful, lots of news floating around that GOI is in the final phase of making new rules and implementing it. Kisi bhi din 8 November ke 8 Baj sakte hai. 1 Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted November 14, 2021 Report Share Posted November 14, 2021 Why i have a feeling that market will crash because of india Made 45k with loopring 1 week back. Cashed out. If game stop deal is real then it will go much higher, kept few of LRC. Quote Link to comment Share on other sites More sharing options...
S4MUR4I Posted November 14, 2021 Report Share Posted November 14, 2021 Buy high sell low....that is the way btw, got on the crypto train a little late but it's worth it.....been holding since then. Quote Link to comment Share on other sites More sharing options...
Cash Posted November 14, 2021 Report Share Posted November 14, 2021 18 hours ago, KnackChap said: Crypto users be careful, lots of news floating around that GOI is in the final phase of making new rules and implementing it. Banning? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted November 14, 2021 Report Share Posted November 14, 2021 35 minutes ago, Cash said: Banning? Yes but there is always a way out , nothing to worry DISC - Zero investment. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted November 14, 2021 Report Share Posted November 14, 2021 53 minutes ago, Cash said: Banning? I don't think they are looking to ban. Even after China's ban, things kept on rolling. They'll most probably bring some framework around it to tax it. Quote Link to comment Share on other sites More sharing options...
KnackChap Posted November 14, 2021 Report Share Posted November 14, 2021 1 hour ago, Cash said: Banning? No idea. All sorts of news floating around. Some saying it'll be taxed at 50%, banned etc etc Quote Link to comment Share on other sites More sharing options...
eddy4823 Posted November 15, 2021 Author Report Share Posted November 15, 2021 Cashing out via Coinsbee or Coingate seems like a good way to evade taxes. Quote Link to comment Share on other sites More sharing options...
Pacifier Posted November 17, 2021 Report Share Posted November 17, 2021 On 11/13/2021 at 2:00 PM, TheGothamChampion said: I've used p2p transaction a number of times. Suppose if you place a buy order, the amount of crypto you want to purchase will be blocked in seller's account. Even if the seller backs out after receiving the money, you can raise a claim and upload screenshots of transaction. Your crypto will be automatically released. Hey , can you tell the ideal way to purchase BTC in P2P? should we get USDT First and then purchase BTC using that or buy directly BTC if a seller is accepting INR ? I tried my hand with 10k in p2p on binance by directly getting BTC. After its in my wallet, the received BTC amount in funding wallet is showing as equivalent to ~9000 INR . Is this correct? If I purchase USDT and then BTC, are the charges similar? Quote Link to comment Share on other sites More sharing options...
TheGothamChampion Posted November 17, 2021 Report Share Posted November 17, 2021 (edited) 2 hours ago, Pacifier said: Hey , can you tell the ideal way to purchase BTC in P2P? should we get USDT First and then purchase BTC using that or buy directly BTC if a seller is accepting INR ? I tried my hand with 10k in p2p on binance by directly getting BTC. After its in my wallet, the received BTC amount in funding wallet is showing as equivalent to ~9000 INR . Is this correct? If I purchase USDT and then BTC, are the charges similar? Crypto is sold at premium in India. If price of usdt is 74 then it'll available for 78-79 Inr in p2p portal. What I do is I buy extra quantity of BUSD and whenever there's a dip in BTC and ETH, the price of BUSD rises up. I then sell the extra quantity purchased which brings down the cost of BUSD. Buying BTC directly is a better option because you need exchange fees as well in case you purchase BTC via BUSD or USDT. Edited November 17, 2021 by TheGothamChampion 2 Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted November 19, 2021 Report Share Posted November 19, 2021 Metaverse coins sand, mana, enjin Quote Link to comment Share on other sites More sharing options...
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