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Posts tagged as “Peer-to-Peer”

How this guy Almost lost 2 BTC to a Sophisticated Scam on LocalBitcoins

The current banking restrictions in India on Cryptocurrency trading combined with the lower trade volumes on exchanges have pushed people to trade on Peer-to-Peer exchanges. One such popular, high volume P2P exchange is LocalBitcoins. LocalBitcoins is one of the widely used Peer-to-Peer Bitcoin exchange in the world. It is also one of the most vulnerable platforms for users to be scammed. Despite all the security measures, people do get scammed…

DCXinsta Review: Is it Fast? What about Dispute? We find out!

On Monday, we shared an exclusive first look of CoinDCX’s new P2P solution for trading cryptocurrencies. Yesterday on Independence day, DCXinsta was opened to public. Today, I tested if it really is as fast and good as it claims to be. Spoiler alert: It is.  Once you pay the seller, you receive the crypto within 60 seconds. However, during the transaction, I accidentally entered the wrong reference number while entering…

Exclusive: Optional KYC, Zero Fee and other Features of Coindelta’s Flux 2.0

Coindelta is introducing a major update for its Peer to Peer exchange Flux. The exchange revealed the new features Flux, version 2.0 exclusively to Coin Crunch. The new Flux will be releasing this week and an official announcement should be going out anytime today.  Some New features of Flux 2.0 Optional KYC (lower limits) Zero trading fee for one month Trade limits per order increased to Rs. 10 lacs from Rs.…

Exclusive First Look: DCXinsta Guarantees Crypto Purchase with INR in 60 Seconds

Update: We have published a review of DCXinsta. Check it out.  CoinDCX generated quite the hype and equally puzzled some Crypto traders when they announced support for INR based Cryptocurrency trade. A “Faster” Peer to Peer exchange that will deliver any of the purchased 40+ coins/tokens in 60 seconds. They are calling this DCXinsta.  In the announcement, CoinDCX compares traditional P2P model to DCXinsta by pointing out the limitations of…

Koinex Loop Review: To P(or not)2P?

With Peer to Peer (P2P) trading, exchanges have found a new way to keep INR in circulation for Crypto traders in India. Three major exchanges announced their P2P products earlier. Koinex and WazirX have launched theirs. Koinex’s P2P exchange is called Loop – To close the loop of buying and selling any cryptocurrency in India. I have been trying out the exchange since its launch and this is my review…

A Small Risk With Peer to Peer Exchanges No one is Talking About

Remember December 13, 2017? No, not because Bitcoin was on its way to $20000. Think again. I’ll give you a hint. It happened in India and it made news worldwide. Figured out? I am talking about the Income Tax Surveys that all the cryptocurrency exchanges were a target of. Remember now? After those surveys, the IT department carried with them the details of all transactions that took place on the…

LocalMonero – No KYC, Email or Phone number required to buy and sell Monero

Monero (XMR), the privacy coin is trading on three exchanges in India – Bitbns, BuyUcoin and PocketBits. All three exchanges have been around for a while now. They are fiat based orderbook exchanges. However, they run a risk of losing their banking partner due to the RBI’s decree to prohibited banks from dealing with exchanges. The solution to such a problem, if it happens, is OTC trade. If I want…