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

Why Sell ETH Through P2P in New Delhi?

Peer-to-peer (P2P) trading has become the preferred method for selling Ethereum (ETH) in New Delhi, offering direct transactions without intermediaries. Unlike centralized exchanges, P2P platforms empower you to set your rates, choose payment methods like UPI or bank transfer, and enjoy lower fees. With Delhi’s thriving crypto community and high smartphone penetration, platforms such as Binance P2P, WazirX, and CoinDCX provide secure escrow services and local buyer networks, making ETH liquidation fast and convenient.

Step-by-Step Guide to Selling ETH via P2P in New Delhi

Step 1: Choose a Reputable P2P Platform

Select platforms with strong security and Delhi user bases:

• Binance P2P: High liquidity and 100+ payment options
• WazirX: Popular Indian platform with easy INR withdrawals
• CoinDCX: Robust escrow and dispute resolution

Step 2: Complete KYC Verification

Upload required documents:

1. PAN card
2. Government ID (Aadhaar, passport, or driver’s license)
3. Bank account details

Verification typically takes 2-24 hours.

Step 3: Transfer ETH to Your Platform Wallet

Send ETH from your private wallet or exchange to your P2P platform wallet. Double-check the wallet address to avoid errors.

Step 4: Create a Sell Advertisement

Set your terms:

• Price per ETH (match market rates for faster sales)
• Acceptable payment methods: UPI, IMPS, NEFT, or Paytm
• Transaction limits (e.g., ₹10,000-₹1,00,000 per trade)
• Clear instructions for buyers

Step 5: Execute the Trade

1. Buyers contact you via platform chat
2. Agree on terms and initiate trade
3. Buyer pays via your chosen method
4. Verify payment in your bank/UPI app before proceeding
5. Release ETH from escrow

Step 6: Rate Your Experience

Leave feedback to build trader reputation for future transactions.

Essential Safety Tips for P2P ETH Sales in Delhi

• Never release ETH without payment confirmation: Check bank/UPI notifications, not just screenshots
• Use platform escrow exclusively – avoid direct transfers
• Communicate only through official platform chats
• Meet in safe public locations for cash deals (e.g., malls or banks)
• Start with small amounts when trading with new buyers
• Report suspicious activity immediately to platform support

P2P ETH Selling FAQ for Delhi Traders

Is P2P ETH trading legal in New Delhi?

Yes, P2P crypto trading is legal. However, income from ETH sales is taxable under Indian law. Maintain transaction records for tax filing.

Which payment methods work best in Delhi?

UPI (PhonePe, Google Pay, Paytm) is fastest. Bank transfers (IMPS/NEFT) suit larger amounts. Avoid cash transactions due to security risks.

How long does a typical P2P trade take?

Most trades complete in 15-30 minutes after payment confirmation. Delays occur if payment verification is pending.

What fees apply when selling ETH via P2P?

Platforms charge 0%-0.5% fees. You may incur blockchain gas fees when transferring ETH to your P2P wallet.

What if a buyer doesn’t pay after I release ETH?

Immediately open a dispute via platform support. Provide chat logs and payment proof. Escrow protects sellers – never release ETH before payment clearance.

Can I set ETH prices higher than market rates?

Yes, but excessively high prices deter buyers. Check competitor rates on your platform for optimal pricing.