Yes, we do see offers on Binance P2P which accepts the transaction in eRupee. In fact, I just made my first eRupee transaction.
I made a P2P transaction on Binance and encashed some money into the eRupee wallet.
After that, I redeemed the amount which then got credited directly to my bank account.
Can you tell us a bit about the details of this process and how much in total you had to pay ("Waste") in fees? What about taxation and all that horrible stuff?
I thought Binance was blocked by our ISPs at present. Did you use a VPN to access it?
If it is good enough, then we can proceed with selling some of our crypto stashes during this bull run.
I was using binance app in my phone. It is still accessible without any VPN.
You cannot install it from playstore anymore but if you already have it installed then you can continue using it.
On Binance, I just matched a P2P order for a certain price and that was it. There were no additional charges.
The amount they showed was the same that got credited in my eRupee wallet and then I redeemed it in bank account.
There were no such charges in getting it in the bank. Now it all depends on what you show in your ITR while filling taxes.
