For most people who are looking for a cheaper & better alternative to Bitcoin for investment in India, ETH makes a nice option. With a total market cap of over $198 billion as of March 2021, ETH is the second biggest cryptocurrency in the market. You can make a really nice side income by only trading (buying/selling) ETH. If you are looking for the best platform to sell your ETH to verified buyers in India, you’re at the right place.
When planning to buy or sell ETH in India, you have two options - 1) trade through an exchange or 2) trade directly with other users
Direct crypto trading is both profitable and secure, as you need not to share your personal information with a platform and can expect to get the best price when buying or selling directly from/to another person.
There are some exchanges or platforms that let you sell ETH directly to other buyers. These are called P2P crypto exchanges. For this article purpose, we’ll take the example of Shiftal - one of the leading P2P crypto exchanges in India that supports ETH trading with over 70 payment methods.
How to find Verified Buyers to sell ETH in India
Verified buyers or a verified user is a person that has been manually or automatically verified by the exchange platform to be a genuine person. Selling or buying ETH from verified buyers will ensure you get the right value for your trade and are not cheated out of your money.
But, the question is how do you find verified buyers to sell ETH directly.
This is where Shiftal comes in.
As a leading P2P crypto exchange in India, Shiftal allows you to sell your ETH directly to verified buyers in India.
To verify a user, Shiftal uses the automated KYC system powered by YOTI that will automatically verify the KYC of every new user who registers on the Shiftal program. The KYC verification process on Shiftal is standard as per the local regulations and involves verifying the user details, name, address, etc. as per the government records. This is a completely secure and private process and aims to protect the platform users from fraudulent activities and/or users.
How To Sell ETH in India to Verified Buyers on Shiftal
To start selling your ETH to verified buyers on Shiftal, you’ll first need to register an account on the website and complete your KYC. KYC verification is a simple and automated process and won’t take more than a few minutes.
After you have successfully registered on the website, make sure to verify your email address through the email sent using the verification link. Now, you can log in to the website to start trading.
Once you are logged in to your Shiftal account, you’ll be redirected to your user dashboard, where you can see details of your ETH & BTC trades on the platform along with your wallet balance, your ads, etc.
To start selling ETH to verified buyers, go to the homepage. Here you can see all the available ‘sell order’ offers based on your location and preferred payment type. Select an offer that you like or the one that fits your price expectations. Click the ‘SELL’ button. On the next page, you can talk directly with the buyer. And if everything goes smoothly and the deal is done, you can ask the buyer to make the payment first directly to your preferred account/wallet. The Shiftal Escrow will verify that you have received the payment and then will automatically transfer the purchased coins from your account to the buyer’s account.
There may be the case where you do not find the right ad as per your expectations or want to sell ETH for a higher price. In that case, you can create a new ‘Sell’ add by using the Post Trade option on the Shiftal website.
Once the advertisement has been published successfully, you only have to wait for the right buyer to click your ad and connect with you. Then, you can negotiate the terms of trade and receive the payment directly in your bank account or wallet.
Using the Shiftal exchange to sell ETH is both easy and fast. In some cases, users on the platform have sold their coins in as quick as 5 minutes. Also, the exchange is backed by a robust support system, having advanced options like the callback feature and instant chat support.
Register on Shiftal today to sell ETH to verified buyers easily & securely.
Source Link: https://medium.com/