Bitcoin Forum

Trying to buy some BTC via NEFT/RTGS. Dont want to use LBC or PF.

P2P should be proper P2P. :)

Are there anyone will to sell here? Pls PM.

Thanks

How much you want to buy and any particular reason for not using LBC and PF?

im sort of new in this line, if you dont mid can you tell me what is LBC and PF ?

LBC - Localbitcoins.com

PF - Paxful

Both of these are reputed p2p bitcoin trading platforms, so if ou want to buy or sell your bitcoin then just register there and sell to someone who is listed top in the prices in your country.

zebpay is a better option for buying btc using NEFT/RTGS through banks in india

This is quite an old thread, did you check the date? I would think that the person who was looking to buy might have done it already by now. But I am curious, why do you think Zebpay is better option? Do they offer better prices? Do they allow buying without KYC? Is the trading fee less? I haven't traded there, so I really want to find out as to why do you think it is better than the other exchanges?

It is reliable. That's the only reason I prefer zebpay

Better use reputed P2P exchanges to avoid getting scammed... This doesn't make sense as to why you would want to avoid them...

Even if you are buying on reputed P2P there are chances to get scammed not in terms of the amount you receive but you could be used for money laundering by the scammers and its quite common in LBC so it is more important to choose the trusted trade for market price than buying or selling to someone who doesn't have any feedback yet.

I actually meant the same thing, I don't consider LBC reputed... Too many scams... Also always be vigilant... 😅

LBC is reputed for sure but not everyone trading on it are legit ones and some kind of scams can have no help from anyone which is charge back after months and money laundering activities.Apart from wazirx LBC is more preferred by Indians to bitcoins into fiat kind of trades due to better trading volumes.

That's the reason I recommend zebpay. With you will be at least sure no illegitimate money is traded

In the past accounts got frozen by banks just because RBI restrictions and still some banks doing is even though supreme court cancelled that restrictions so some members are not comfortable while trading on exchanges.

Is Zebpay P2P as well or they sell/buy from their own accounts? I checked out their prices and they certainly offer better price from LBC and other similar exchanges. But as I said, I haven't used them so I don't know if there are other hidden charges. Is KYC compulsory or can I buy smaller amounts without going through the hassle? By smaller I mean less than 10,000 INR.

No it is not p2p, its an exchange!

KYC is mandatory to trade on Zebpay and there is no deposit and withdrawal fee but they charge upto 0.25% as trading fee which is really fair amount but their trading volume is lot lesser than wazirx so I advice you to go for wazirx if you are going for an exchange's fiat transaction.

Understood. Didn't Zebpay halt their services before the supreme court decision? Also as for WaxirX, I was under the impression that WazirX is P2P and there you can't sell BTC directly. You first have to convert it USDT and then sell that for Fiat? Wouldn't that mean more trading fee?

Zebpay and wazirx stopped their service due to RBI restrictions, in recent days only they resumed their trading platform and it is now owned by binance which is the most reputed crypto trading platform at the moment.Normally I trade on LBC so I am not sure he trading procedure on wazirx but probably it could be like that way as you mentioned.