I had some USDT in my WazirX wallet and wanted to withdraw that amount. I have not withdrawn before, so it was my first time trying how exactly the P2P works. To my surprise, the process seems to be quite easy as well as transparent. So, in case you wanted to try the WazirX for the P2P, then what you can do is to go to the P2P Dashboard.
On the right-hand side bottom, you have an option to Sell your USDT as shown above. Do note that you have to give your Account Number for IMPS as well as UPI to actually help the buyer to choose from both of them. I first tried only with UPI but it did not work, so make sure in the payment settings you have your account number as well as UPI set. One more thing is that if you want an instant buyer you should add a preferred seller from the left-hand side bottom by clicking on the sell button. The problem was if you are keeping the price which does not have any seller then you have to wait for some time might be days. I wanted an instant seller so I have created and cancelled some of the orders as shown below. But once I have selected the seller and his price it was an instant match and the whole process gets completed in less than 15 minutes.
Whenever you have kept your sell order, you have to wait for some time as WazirX would be searching for buyers having your sell order. As I said earlier, I had to wait for 30 minutes and there was no seller on my price and thus I have to lower the price to get the seller.
Once the Buyers is matched you will be shown the below screen where the Buyer will send you money either by UPI or IMPS and confirm from his side that he has sent the money. So that's why you will be seeing a Waiting for Payment screen. It's written as expected time as 1 hour, but actually it was a lot quicker.
So once the buyer has confirmed that he has paid an amount to your account, its up to you to check and confirm that you have got the money. Now the payment can be full or partial based on how much the buyer wants to buy, in my case the buyer was actually buying the whole amount and thus he has transferred the whole amount.
Now it's my time to confirm that I have received the amount, I checked my UPI and seen that Vishnu Gupta has transferred me the amount. Once checked, I clicked on Yes, I have received the amount.
Once I have confirmed, the sell order is completed and the Buyer got his USDT and I have got my money. So just as I said that since it was my first withdrawal, it was actually quite smooth and thus I am happy to learn something new. This is also good in some way that once if the government bans the crypto there will be this way become can be actually buying and selling without the government knowing.
All the images have been taken from WazirX.com.