Any P2P trading platforms that are active?

[vennali]

I used to trade a lot on Localbitcoins and was always my go to place to sell BTC(as the premiums were fairly high). They've shut shop for a while now. Any other platforms that have a decent Indian userbase for p2p transactions? I was using paxful for a while, it's okay. Didn't like the experience much.

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[Bitcoin Smith]

I have been using paxful since LBC shut their operation and I feel this is the p2p platforms which contains high liquidity for INR than any other p2p platforms (not including exchange's p2p).

Another one you can try is Noones, which is nothing but a platform created by paxful's cofounder and the actions are very much similar to paxful but different color patter which is kind of irritating to my eyes. And big difference in the fee, in LBC and paxful platform will charge 1% as fee but in Noones 0.5% was the fee when I tried.

[ameerhamza24]

There is okx Exchange you can Always Try and The best one is binance.

Okx hasLesser limit on ads though. You can have preferences...

[Bureau]

Do not use Indian merchants on any of the P2P platforms mentioned by others. If you buy or sell using INR then the chance of your bank account getting frozen is very high. Till today bank accounts are getting frozen when anyone is using Binance P2P and you cannot unfreeze the account easily. It is a lot of hassle for now and most Indians are avoiding P2P transactions on Binance or other CEX.

[kentrolla]

Do not use Indian merchants on any of the P2P platforms mentioned by others. If you buy or sell using INR then the chance of your bank account getting frozen is very high. Till today bank accounts are getting frozen when anyone is using Binance P2P and you cannot unfreeze the account easily. It is a lot of hassle for now and most Indians are avoiding P2P transactions on Binance or other CEX.

Yes it's really annoying situation over there as i have seh accounts getting freezes even for minor transactions and I think it's going to become even worse, it's time we need to find an alternative and not try doing it the illegal way because we cannot keep escaping from the laws designed by this good for nothing government as it's killing livelihood of its own citizens who voted it to power.

Bitget is not banned I have installed it but didn't try P2P there. Any idea on it?

[pakhitheboss]

There is really nothing as a P2P platform for India. If you use anyone of the banned CEX you would get your account freeze. If you use localmonero then their is nil guarantee that you won't encounter a merchant of Indian origin who's is going to scam you. It is better to avoid a P2P exchange as soone and not lesser you would encounter your Bank account getting frozen. Stay away from P2P or try your luck.

BTW, onramp being a big fee swallowing platform does well with conversion of INR to buy coin or sell  pin to buy INR. You would still need to pass KYC if you are Indian.or an NRI having a valid OIC card. If not then you can't do anything for now. As the government crackdown on fake or useless OIC card has been big. This has gone to an extent that many NRI's have lost thier properties in India.

[Bitcoin Smith]

Do not use Indian merchants on any of the P2P platforms mentioned by others. If you buy or sell using INR then the chance of your bank account getting frozen is very high. Till today bank accounts are getting frozen when anyone is using Binance P2P and you cannot unfreeze the account easily. It is a lot of hassle for now and most Indians are avoiding P2P transactions on Binance or other CEX.

Let's to be clear, bank accounts who uses p2p is getting frozen is not because they traded crypto but because they recieved funds from a hacked bank account and someone used to make unauthorised transaction from the bank account and you sold your BTC after getting the payment but later when the actual owner of bank account raise complaint about this to Cyber cell then the account will be frozen until further due.

I have been using p2p platforms all the time but my account never faced such issue because I choose the right traders who are actually buying and selling as day trading not a newly registered account offering 30-40% higher rate than actual market rate.

[pakhitheboss]

Do not use Indian merchants on any of the P2P platforms mentioned by others. If you buy or sell using INR then the chance of your bank account getting frozen is very high. Till today bank accounts are getting frozen when anyone is using Binance P2P and you cannot unfreeze the account easily. It is a lot of hassle for now and most Indians are avoiding P2P transactions on Binance or other CEX.

Let's to be clear, bank accounts who uses p2p is getting frozen is not because they traded crypto but because they recieved funds from a hacked bank account and someone used to make unauthorised transaction from the bank account and you sold your BTC after getting the payment but later when the actual owner of bank account raise complaint about this to Cyber cell then the account will be frozen until further due.

I have been using p2p platforms all the time but my account never faced such issue because I choose the right traders who are actually buying and selling as day trading not a newly registered account offering 30-40% higher rate than actual market rate.

I never knew that P2P can be used for trading. What you are saying is right and to be accurate account freeze have happened when a user is buying and selling crypto for INR. I cannot give you an example as I have never encountered something like this as I don't use P2P service.

Whenever I have to seel crypto for INR, I always use USDT as it doesn't show and gains as it is a stablecoin. This method helped me last year where I didn't pay any money as I did not fall under the crypto gain tax. This year I have used international exchange that doesn't ask for KYC for my trades. You need to find loophole in the system and I found it and I am using it.

[Bitcoin Smith]

I never knew that P2P can be used for trading. What you are saying is right and to be accurate account freeze have happened when a user is buying and selling crypto for INR. I cannot give you an example as I have never encountered something like this as I don't use P2P service.

I knew handful of people who are offering buying and selling BTC all day 24/7 and they are doing to make 1 to 5% profits from the total trade value so for example if they manage to sell 1 lakh worth of crypto and then bought it again then they could have made upto 1000 to 5000 per day which is decent amount of earning considering the capital value but as usual if the market falls all of a sudden then they have to bear the loss as well.

[TheUltraElite]

I used to trade a lot on Localbitcoins and was always my go to place to sell BTC(as the premiums were fairly high). They've shut shop for a while now. Any other platforms that have a decent Indian userbase for p2p transactions? I was using paxful for a while, it's okay. Didn't like the experience much.

Since we are talking about Indian Userbases, why are we not talking about the userbase on this forum, however small it might be?

We are more than 10 active users on this section of the forum at present and the "Marketplace (India)" section is being spammed by fake keys sellers and scammers, why not make it active with Have BTC Want INR threads?

It might not yield a positive trade right away but its worth a start?

[pakhitheboss]

I used to trade a lot on Localbitcoins and was always my go to place to sell BTC(as the premiums were fairly high). They've shut shop for a while now. Any other platforms that have a decent Indian userbase for p2p transactions? I was using paxful for a while, it's okay. Didn't like the experience much.

Since we are talking about Indian Userbases, why are we not talking about the userbase on this forum, however small it might be?

We are more than 10 active users on this section of the forum at present and the "Marketplace (India)" section is being spammed by fake keys sellers and scammers, why not make it active with Have BTC Want INR threads?

It might not yield a positive trade right away but its worth a start?

That is a very good idea but to ensure that we remain anonymous I think we better use the Marketplace for only buying an selling crypto especially USDT. The rate of USDT for both buying and selling can be taken from the Binance exchange. For converting USDT to INR the users can use local exchanges. In that way we prevent P2P scams and don't fall under the cryptocurrency tax bracket.

[Vikhy]

I used to trade a lot on Localbitcoins and was always my go to place to sell BTC(as the premiums were fairly high). They've shut shop for a while now. Any other platforms that have a decent Indian userbase for p2p transactions? I was using paxful for a while, it's okay. Didn't like the experience much.

Since we are talking about Indian Userbases, why are we not talking about the userbase on this forum, however small it might be?

We are more than 10 active users on this section of the forum at present and the "Marketplace (India)" section is being spammed by fake keys sellers and scammers, why not make it active with Have BTC Want INR threads?

It might not yield a positive trade right away but its worth a start?

That is a very good idea but to ensure that we remain anonymous I think we better use the Marketplace for only buying an selling crypto especially USDT. The rate of USDT for both buying and selling can be taken from the Binance exchange. For converting USDT to INR the users can use local exchanges. In that way we prevent P2P scams and don't fall under the cryptocurrency tax bracket.

Need trusted OGs from here to act as escrow....But i don't think it will be as efficient as what other platforms like noones and binance are offering.

[Bitcoin Smith]

Need trusted OGs from here to act as escrow....But i don't think it will be as efficient as what other platforms like noones and binance are offering.

Using escrows from forum is not going to be cheap, I didn't check their recent commission rates but as far as I know they can go as high upto 5% of the traded value as escrow fee and this is really big value for INR trades so just better trade where they are having the escrow like Noones or Paxful but remember to trade here you need to verify KYC first.

[xbtbaron]

Can you DM me the exchange you used & any reliable Indian dealers on it ?
Would really appreciate it !

Do not use Indian merchants on any of the P2P platforms mentioned by others. If you buy or sell using INR then the chance of your bank account getting frozen is very high. Till today bank accounts are getting frozen when anyone is using Binance P2P and you cannot unfreeze the account easily. It is a lot of hassle for now and most Indians are avoiding P2P transactions on Binance or other CEX.

Let's to be clear, bank accounts who uses p2p is getting frozen is not because they traded crypto but because they recieved funds from a hacked bank account and someone used to make unauthorised transaction from the bank account and you sold your BTC after getting the payment but later when the actual owner of bank account raise complaint about this to Cyber cell then the account will be frozen until further due.

I have been using p2p platforms all the time but my account never faced such issue because I choose the right traders who are actually buying and selling as day trading not a newly registered account offering 30-40% higher rate than actual market rate.

I never knew that P2P can be used for trading. What you are saying is right and to be accurate account freeze have happened when a user is buying and selling crypto for INR. I cannot give you an example as I have never encountered something like this as I don't use P2P service.

Whenever I have to seel crypto for INR, I always use USDT as it doesn't show and gains as it is a stablecoin. This method helped me last year where I didn't pay any money as I did not fall under the crypto gain tax. This year I have used international exchange that doesn't ask for KYC for my trades. You need to find loophole in the system and I found it and I am using it.

[Bitcoin Smith]

Can you DM me the exchange you used & any reliable Indian dealers on it ?
Would really appreciate it !

I only use Paxful for now, I don't want to mention the names and it's not really necessary too, just filter the orders for INR payments and where you can see a check box says "verified Paxful users only" by enabling this you will see offers only from traders who verified the top tier verification including address and other strict KYC and most of these traders uses bots so payments will be instant.