How to Sell ETH via P2P in New Delhi: Safe & Simple Step-by-Step Guide

What is P2P Trading and Why Use It in New Delhi?

Peer-to-peer (P2P) trading allows direct cryptocurrency transactions between buyers and sellers without intermediaries. In New Delhi, selling Ethereum (ETH) via P2P platforms offers distinct advantages: competitive exchange rates, flexible payment methods (including UPI, IMPS, and cash deposits), and faster settlements compared to traditional exchanges. With Delhi’s growing crypto adoption and tech-savvy population, P2P provides a decentralized, user-controlled solution ideal for converting ETH to INR efficiently.

Step-by-Step Guide to Selling ETH via P2P in New Delhi

1. Choose a Reputable P2P Platform: Sign up on trusted exchanges like Binance P2P, WazirX, or CoinDCX with KYC verification.
2. Create a Sell Offer: Navigate to the P2P section, select “Sell ETH,” set your price (INR/ETH), payment methods (e.g., UPI), and transaction limits.
3. Lock in a Buyer: Once a buyer accepts your offer, the platform escrows your ETH. Share your bank/UPI details securely via chat.
4. Receive Payment: Wait for the buyer’s INR transfer confirmation. Verify funds in your account before proceeding.
5. Release ETH: Confirm payment receipt in the platform interface to release escrowed ETH to the buyer.
6. Rate the Transaction: Provide feedback to build trust for future trades.

Top P2P Platforms for Selling ETH in New Delhi

• Binance P2P: High liquidity, 0% trading fees, and 100+ payment options. Ideal for bulk ETH sales.
• WazirX: User-friendly interface with integrated UPI support. Popular among Delhi-based traders.
• CoinDCX: Robust security features and competitive ETH/INR rates. Offers instant bank withdrawals.
• LocalBitcoins (for ETH alternatives): Supports in-person cash deals for anonymity seekers.

Safety Tips for P2P ETH Transactions in New Delhi

• Always communicate and transact within the P2P platform—avoid external chats or payments.
• Verify buyer’s payment confirmation screenshot with your bank statement before releasing ETH.
• Meet in public spaces like cafés for cash deals; avoid remote areas.
• Enable two-factor authentication (2FA) on your exchange and email accounts.
• Start with small transactions to test new buyers; check their trade history and ratings.

Understanding Fees and Rates When Selling ETH P2P

P2P platforms typically charge 0% fees for sellers, but payment gateways (e.g., UPI) may impose minor transaction costs. ETH/INR rates fluctuate based on market demand—sellers in Delhi can set premiums (1-3%) above market price during high volatility. Always compare rates across platforms before listing. Note: TDS (Tax Deducted at Source) at 1% applies under Indian tax laws for transactions exceeding ₹50,000 per year.

FAQ: Selling ETH via P2P in New Delhi

Q1: Is P2P ETH trading legal in New Delhi?
A: Yes, P2P crypto trading is legal. Ensure compliance with KYC norms and income tax regulations.

Q2: How long does a P2P ETH sale take?
A: Transactions usually complete in 15-60 minutes after payment confirmation. Bank delays may extend this.

Q3: Can I sell ETH for cash in Delhi?
A: Yes. Select “cash” as the payment method and arrange safe meetups via platforms like LocalBitcoins.

Q4: What if the buyer doesn’t pay after I release ETH?
A: Reputable platforms hold ETH in escrow until you confirm payment. Dispute resolution teams intervene if issues arise.

Q5: Are there limits on ETH sales?
A: Platforms impose daily limits (e.g., ₹1-10 lakh). Complete KYC for higher thresholds.