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November 29, 2018, 03:39:13 PM |
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I know everyone on the forum recommends LocalBitcoins. But the premium over the existing prie on LocalBitcoins is quite high for me. I analyzed the prices on all the major P2P exchanges and calculated which one offered at the least premium.
1) LocalBitcoins: 1 BTC has a premium of close to ~Rs. 25,000 per Bitcoin at the current prices i.e. $350/BTC
2) Loop (Koinex): 1 ETH had a premium of about $15-20 when ETH was at ~150 levels.
3) WazirX: 1 TUSD has about Rs 5-6 premium. So on $150 you are paying about Rs 750 more which is ~$10-12.
So to put it in perspective, I prefer WazirX when my main motive is price reduction. I can get the cheapest Bitcoins and Ethers at WazirX but if you are concerned about security it is better to go with LocalBitcoins.
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