Hello friends in this blog i am going to tell you about WazirX P2P system. Recently WazirX has launced its peer to peer system by which we can cash out our money from cryptocurrency exchanges.
We can also buy or sell cryptocurrencies using this method without any issue. It is the best answer to Rbi blanket ban. Below i am giving the process of how to use this peer to peer system.
An example of how WazirX P2P works:
If you want to sell your BTC worth $5000 which is equivalent to approximately ₹3.4 Lakhs INR, here’s what to do:
Sell your crypto (BTC, in this case) for 5000 USDT. Your trades will execute instantly because our USDT market has great liquidity! Now since USDT is a stable coin, its value will not fluctuate like volatile cryptos.
Put your 5000 USDT for sale on WazirX P2P
When someone comes to buy 5000 USDT on WazirX P2P, they will transfer ₹3.4 Lakhs to your bank account.
So friends this is it. Comment down your opinion on WazirX P2P system and let me know what you people think about this.
THANK YOU.