My First Ever Experience With WazirX's P2P Withdrawal !!
Hello All Dear Steemit Friends,
So guys as you all know that RBI banned banks to support cryptocurrency transactions from cryptocurrency Exchanges and because of that people are panicking right know and in fear also,
But we got the solution of this problem by WazirX's new P2P service where we have to convert our Cryptocurrencies into USDT and then they find us a buyer who interest in buying our USDT and the best part is that the buyer has to transfer the money directly into our bank account and because of that the RBI band is not applicable in this situation,
I was thinking to try out this P2P by myself from few days but because of the dear market I don't Want to take some Loss, but because of Byteballs free airdrop worth $40 i got enough funds to try out this P2P service,
So when i sent my funds to wazirx and convert them into USDT, i simply place a sell order in the P2P section in the funds tab of wazirx,
Tight now this system is new so that's why it could take some time to find a buyer for your sell order but once you receive a perfect match for buyer, then wazirx inform you about that,
In my case it took around 2 Hours to find a buyer but their us a plus point of this service that the buyer made the transfer within 1 hour of the matching so that's mean you don't have to wait for 1-2 days to get your money into your bank account.
As you can see that the transaction is successful and i recieved my money into my bank account,so guys my first experience with wazirx was awesome and i would strongly recommends you to try their services.
What do you think about this P2P service?? Let me know in the comments below.
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awesum!!!
congratzz for the byteball rewards ;)
there are more to come after a year
Ya and Maybe by that time the reward automatically increased because of a bull run lol.
Yeah WazirX is working good for their customers. But I wanna ask about how could you manage to sell these Byteball airdrop tokens with WazirX..
I have little bit Byteball tokens and I wanna sell it. What to do for this??
Posted using Partiko Android
Sell them on bittrex and then get btc, after that use those btc to buy a coin like eos, with low transfer fees and after that send them to your wazirx Account.
Congrats mate.
Thanks bro.
Hi @thecrytotrader
It is very much useful to all Indians because the Indian government has given instructions to the banks to withdraw the services to the crypto exchanges. I have one doubt is wazrix taking any charges for P2P services ?
I think they. Charge a small fees for Their services,but that is alright because after all we can still buy and sell Cryptocurrencies in india.
I would like Wazirx to show the orders placed. There is a reason and i would explain with an example. Suppose I have to buy 525 USDT and you have to sell 500 USDT. So we will never match. But if somehow i can see that you are selling 500 USDT then may be i will buy 500 USDT instead of 525 USDT and vise versa. I suppose that will definitely reduce the waiting time to find the perfect match.
Wazirx splits our order According to the number of interested buyers,in my case i recieved my payment from two buyers because the one is willing to buy 15 usdt and the other wants to buy the remaining, but that is a automatic process by wazirx,so there is no need to worry about.
Thats great. I didn't tried yet so i did not know. Thanks so much for the information.
Wow , such an informative article , i wanted someone to break the silence about wazirX , thanks for posting this article. I have few byteballs myself , i can kind of experiment with them but i would convert them to btc then steem. would be much appreciated if you could make an article on this , also i hope you are active on discord ?
and bro what if buyer does not transfer the money in bank account.
and our coins are held with wazirx till then ?
i am confused though i have read their posts
Then our coins safe in their excrow Account.