How to Sell ETH via P2P in New Delhi: Your Complete Guide

Selling Ethereum (ETH) via peer-to-peer (P2P) platforms in New Delhi offers a fast, flexible way to convert crypto to cash while avoiding centralized exchange limitations. With India’s evolving crypto regulations, P2P trading has become increasingly popular for its direct user control and diverse payment options. This 900-word guide walks you through every step – from choosing platforms to avoiding scams – tailored specifically for Delhi residents.

Why Choose P2P to Sell ETH in New Delhi?

P2P trading connects buyers and sellers directly, bypassing traditional intermediaries. Key advantages include:

• Better Rates: Set your own ETH price for higher profits
• Flexible Payments: Accept UPI, IMPS, bank transfers, or cash
• No Withdrawal Limits: Avoid exchange withdrawal caps
• Privacy Control: Negotiate directly with verified traders

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

1. Choose a Reputable P2P Platform

Top platforms for Delhi traders:

• Binance P2P: Largest global liquidity, 300+ payment methods
• WazirX P2P: Popular Indian platform with INR support
• CoinDCX: Robust escrow protection

2. Complete KYC Verification

Upload government ID (Aadhaar/PAN), selfie, and address proof. Verification takes 2-48 hours.

3. Create a Sell Offer

1. Navigate to P2P marketplace
2. Select “Sell ETH” and set amount (min. ₹1,000 recommended)
3. Choose payment methods: UPI, IMPS, or cash meetups
4. Set competitive price (check market rates first)
5. Specify terms like transaction limits

4. Initiate Trade & Wait for Payment

Once a buyer accepts:

• ETH is locked in platform escrow
• Share payment details with buyer
• Confirm receipt in your bank/UPI app before releasing ETH

5. Release ETH & Complete Trade

Only after verifying funds:

1. Check bank/UPI for incoming transaction
2. Confirm amount matches agreement
3. Click “Release ETH” in platform interface

Critical Safety Tips for Delhi P2P Traders

• Never Release ETH First: Scammers may send fake payment screenshots
• Use Platform Chat Only: Avoid WhatsApp/Telegram for trade communication
• Verify Buyer Ratings: Trade only with users having 95%+ positive feedback
• Cash Meetups: Meet in crowded public places like malls during daylight
• Enable 2FA: Add extra security to your exchange account

Tax & Legal Considerations in India

Under current regulations:

• 30% tax + 4% cess applies on ETH selling profits
• 1% TDS deducted at source for trades over ₹50,000/day
• Maintain records of all transactions for ITR filing
• Cash deals over ₹2 lakhs require PAN submission

Top 3 P2P Platforms Compared

Platform	Fees	Delhi Users	Special Features
Binance P2P	0%	50,000+	Instant chat, multi-currency support
WazirX	0.2%	35,000+	Integrated with Indian banks
CoinDCX	0.1%	20,000+	Advanced dispute resolution

FAQ: Selling ETH via P2P in New Delhi

Is P2P ETH selling legal in Delhi?

Yes, P2P crypto trading is legal in India, though profits are taxable. Always use KYC-compliant platforms.

What’s the minimum ETH I can sell?

Most platforms allow selling ETH worth ₹1,000+ (approx 0.0005 ETH). Check platform-specific limits.

How long do P2P transactions take?

Typically 10-30 minutes for digital payments. Cash meetups depend on location coordination.

Can I get scammed selling ETH P2P?

Risks exist but are minimized by using escrow, verifying payments before release, and trading with highly-rated users.

Do I pay GST on P2P trades?

No GST applies, but 30% income tax + 1% TDS (on large trades) are mandatory under current laws.

Best areas for cash meetups in Delhi?

Opt for busy spots like Connaught Place, Select Citywalk Saket, or DLF Cyber City with CCTV coverage.

Mastering P2P ETH sales in New Delhi combines platform know-how with street-smart precautions. By following this guide, you’ll convert Ethereum to INR efficiently while minimizing risks. Always prioritize verified platforms and document transactions for tax compliance.