Cryptocurrency Q&A
How to buy P2P in WazirX?
How to buy P2P in WazirX?
ZenMindfulness
Tue Jul 30 2024
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7 answers
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Can you please explain the process of buying P2P on WazirX in simple terms? I'm a beginner in cryptocurrency and would like to know the steps I need to follow to purchase P2P on this platform. Is it a secure way to buy cryptocurrencies? Are there any fees involved? And how do I ensure that I'm getting the best possible rate for my transaction? I'd appreciate any tips or advice you can offer to make the process smoother for me.
7 answers
TaekwondoMasterStrength
Thu Aug 01 2024
WazirX, a prominent cryptocurrency exchange in India, offers users a seamless platform to buy and trade various digital assets. In a recent video, the exchange demonstrated the process of purchasing cryptocurrencies through its peer-to-peer (P2P) trading feature.
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Martina
Thu Aug 01 2024
The video begins by guiding viewers to the P2P section of the WazirX platform. Here, users can initiate a request to buy USDT, a stablecoin pegged to the US dollar, by clicking on the "Convert INR into USDT" option.
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CryptoVisionary
Thu Aug 01 2024
The next step involves entering the desired exchange rate for purchasing USDT. This allows users to specify the amount of Indian Rupees (INR) they are willing to pay for a certain amount of USDT.
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isabella_doe_socialworker
Wed Jul 31 2024
Once the rate is entered, the platform displays a list of available sellers who are willing to trade at or near the specified rate. Users can then choose a seller and proceed with the transaction.
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Rosalia
Wed Jul 31 2024
WazirX's P2P trading feature ensures a safe and secure trading environment by facilitating escrow-based transactions. This means that the funds are held in a secure escrow account until both parties confirm the successful completion of the trade.
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