WAZIRX P2P EXCHANGE - SOLUTION TO RBI BAN ON CRYPTO IN INDIA

WazirX, an Indian crypto exchange, has launched an Tether [USDT] available for trading.

In an intetview Nischal Shetty, the CEO of WazirX, said "we realized that since crypto price fluctuations are beyond our control, we needed to bring in a stable coin. Since we wanted to add the stable coin with the highest liquidity in the global market, we’ve decided to go with Tether (USDT) to use in WazirX P2P.”

He also said “Trust is ensured through our escrow system. There is no room for fraud in the P2P system, as we escrow the crypto and the money. If the seller does not deliver, your money will be safe. If the buyer does not deliver, your crypto will stay with you.

ESCROW SYSTEM
An escrow is a financial arrangement where a third party(WAZIRX) holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company(WAZIRX).

How wazirx p2p exchange works?

If you want to buy crypto:

1.Go to wazirx exchange. Click on three dot menu on top.
2.Click on funds section.

3.Click on INR↔️USDT column.

4.Enter the amount in INR for which you want to buy USDT in INR column. It starts search for the seller ,it takes five to ten minutes to match ur requirement.

5.After match found bank details of seller show on screen . Now send money to sellers account and click on "i have paid" button.
6.After confirmation from seller the amount of usdt should be given to your account,from this usdt ineterchanged to different currencies you want.

If you want to sell crypto:

1.Firstly convert your currency in USDT.
2.Click on funds section.
3.Click on INR↔️USDT column.
4.Enter the amount in INR for which you want to sell USDT in INR column. It starts search for the buyer ,it takes five to ten minutes to match ur requirement.
5.After match found your bank details shown to buyer ,buyer sends money to your account and you get money in your bank account.

Thanks
karanbirsingh