WazirX P2P

                                                                                                     By:- NILESH MISHRA
                                                                                             

Investing in cryptocurrency in India does not mean keeping your eyes on the best prices and buying or selling cryptocurrencies at the right time. As things stand, you also need to monitor the situation with payment options, which allow you to add money to your crypto transaction app wallet to buy and sell cryptocurrency. For some time now, the UPI, or integrated payment interface, is not available for applications including WazirX, CoinSwitch Kuber, and CoinDCX. And as of today, WazirX users will now have limited options, after the company confirmed that the bank transfer option is no longer available to users. At least for now. The only option available, called WazirX P2P, allows you to buy and sell USDT directly with other buyers and sellers. But how does it work? Is it seamless or web-based?

What is P2P in WazirX?

Wazirx P2P allows you to buy and sell USDT by INR 24/7 directly with other Buyers and Sellers with the WazirX exchange platform, which acts as a medium to match the right buyer or seller. We can also call P2P People to People.

Wazirx P2P is also a decentralized fiat exchange with auto order matching, traders have full control of their fiat funds. 

Here trading P2P is very easy and secure. Because when trading between buyer and seller, there is complete monitoring of Wazirx P2P. Therefore, no fraud can occur here.

Is WazirX P2P secure?

This question comes to the mind of all investors, is Wazirx P2P safe? According to Wazirx, it is completely safe! Because WazirX has a withdrawal system to make all Merchant and Buyer transactions secure neither party can cheat the other. In the system, Wazirx retains the trader's USDT until the transaction is successfully completed and payment is confirmed.

WazirX P2P, allows you to buy and sell USDT directly with other buyers and sellers, with the WazirX platform as a way to compare you with the right buyer or seller at the moment. That's what P2P bit-people mean to people. Think of it like Tinder, but with cryptocurrency trading. You are compared depending on whether you want to buy or sell and whether another user wants to buy or sell. Without Tinder, hope is in a long-term relationship, and here you can also choose to continue trading with your preferred clients as an option. This is done with something called XID, which is different for all users. Like your email address, for example, or username in an online forum. Your XID should only contain words and numbers. Must be at least 4 characters and more than 15 characters. You can also share this with other crypto users in cryptocurrency trading. Once you have determined and entered the USDT price you want to trade, the app will continue to match you with the sellers or buyers who want to trade at that time. For example, if I am going to buy 15 USDT, WazirX P2P will search and link me to any traders who might want to sell USDT at that time. When the exchange is agreed upon and resumed, WazirX keeps the USDT in an escrow account for safekeeping, preventing false transactions or fraud. Once the transaction has been verified by both the seller and the buyer, the USDT is released to the eligible recipient, in this case, the one making the purchase payment.

Our Goals with P2P

When we started planning for P2P we laid down some important goals, This kept us focused on the problem we were solving.

• Solving high liquidity
• Instant and Simple
• Safe

Benefits of WazirX P2P

• WazirX P2P has an advanced trading infrastructure that allows users to buy and sell cryptocurrencies on open order book systems.
• Transaction security and legitimacy remain at the forefront of the WazirX P2P setup. 
• The P2P's automated engine allows for quicker coordination between buyers and sellers, provides escrow protection, and releases funds when both parties confirm that a transaction has been successfully completed.
• WazirX P2P platform does not process fiat currencies and is generally not subject to the same KYC rigor when using the WazirX service from a Binance account.
• Transaction fees are almost zero, about 0.1% for principals and 0.25% for principals.
• WazirX P2P is one of the busiest and most famous P2P exchanges in the world. If you want to trade cryptos in bulk, it's worth a try.

WazirX P2P - How Does It Work?

With the help of WazirX P2P, you can easily buy and sell USDT in INR directly with other Buyers and Sellers. It is available 24 × 7, is safe and is 100% legal!

Two simple things that you can do in WazirX P2P –

1. Cash In – If you can use INR to trade cryptos, Buy USDT via P2P and then use that USDT to buy other cryptos on WazirX!

2. Cash Out – If you want to move INR to your bank account, then for this you can sell your cryptos in size of USDT and then sell that USDT in exchange for INR via P2P!

CONCLUSION

We introduced distinct patterns and changed the game for P2P trading. In the process, we learned quite a bit and had a lot of fun doing it. Today in India it is possible to buy and sell large volumes of BTC in a few hours, some say it is better than non-ban days.

WazirX P2P helps you turn your money into crypto instantly, where WazirX serves as an escrow for the transaction’s safekeeping.

#WazirXwarriors

#Indiawantscrypto