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

With Delhi’s booming crypto adoption, peer-to-peer (P2P) trading has become the go-to method for selling Ethereum (ETH) directly for Indian rupees. Unlike centralized exchanges, P2P platforms empower you to set your rates, choose payment methods, and transact locally – all while avoiding hefty fees. This comprehensive guide walks you through selling ETH via P2P in New Delhi safely, covering trusted platforms, step-by-step instructions, and essential precautions tailored for Delhiites.

Why Choose P2P to Sell ETH in New Delhi?

P2P trading connects ETH sellers directly with buyers in Delhi, offering unique advantages:

• Better Rates: Set competitive prices above exchange rates to maximize profits.
• Zero Trading Fees: Most P2P platforms charge no commission for ETH sales.
• Flexible Payments: Accept UPI, IMPS, bank transfer, or even cash in Delhi.
• Faster INR Withdrawals: Bypass exchange processing delays.
• Localized Deals: Connect with verified Delhi buyers for quick settlements.

Step-by-Step: Selling ETH via P2P in Delhi

1. Pick a Reputable Platform: Sign up on Binance P2P, WazirX, or LocalBitcoins (more options below).
2. Complete KYC: Verify your identity with PAN/Aadhaar for higher transaction limits.
3. Transfer ETH to Wallet: Move ETH from your private wallet or exchange to the P2P platform’s escrow.
4. Create a Sell Ad: Specify ETH amount, price/INR (e.g., ₹200,000 per ETH), and preferred payment methods (UPI recommended).
5. Confirm Buyer & Payment: Chat with Delhi-based buyers via app, share bank/UPI details, and wait for INR receipt confirmation. Never release ETH before funds arrive!
6. Release from Escrow: Once payment clears, release ETH to the buyer. Rate the transaction.

Top P2P Platforms for ETH Sales in Delhi

• Binance P2P: High liquidity, 300+ payment options, and robust escrow. Ideal for large-volume sales.
• WazirX: Delhi’s favorite local platform with UPI support and user-friendly interface.
• LocalBitcoins (ETH section): Supports cash meetups in Delhi and niche payment methods.
• Paxful: Global reach with competitive rates for Delhi sellers.

Safety Tips for P2P ETH Transactions in Delhi

• Use escrow protection – never trade outside the platform.
• Verify buyer ratings and trade history before dealing.
• For cash deals, meet in public spaces like malls or cafés during daylight.
• Screenshot payment confirmations as proof.
• Avoid sharing personal numbers/emails – chat via platform only.

Tax & Legal Considerations in India

Under Indian tax laws:

• ETH sales attract 30% capital gains tax + 4% cess on profits.
• 1% TDS applies on transactions exceeding ₹50,000/day (deducted by buyer).
• Maintain records: Transaction IDs, wallet addresses, and bank statements.

FAQ: Selling ETH via P2P in New Delhi

Q: Is P2P ETH trading legal in Delhi?

A: Yes, but income from crypto sales is taxable. Follow RBI guidelines for payment methods.

Q: What’s the fastest payment method for Delhi buyers?

A: UPI – funds reflect instantly. Avoid cash to minimize risk.

Q: Can I sell ETH without KYC?

A: Most platforms require KYC for INR withdrawals. Unverified accounts face low limits.

Q: How to avoid scams?

A: Reject advance payment requests, fake screenshots, or pressure to release ETH early.

Q: Are cash transactions safe?

A: Risky. If unavoidable, meet in crowded areas and count cash before releasing ETH.

Mastering P2P ETH sales in New Delhi combines platform savvy with street-smart caution. By choosing trusted apps, verifying buyers, and insisting on escrow, you can convert ETH to INR efficiently. Stay updated on tax rules, document every trade, and prioritize safety – your crypto journey in Delhi starts here!