After the Reserve Bank of India's notification to withdraw banking support to all Indian crypto exchanges, several P2P (peer-to-peer) services have mushroomed up. Beside the stand alone services like InstaShift, several exchanges too have started offering P2P services. But I'm not sure which one is more reliable, affordable and quick with a decent transaction volume. So I haven't tried any.
Recently, one of my favourite exchanges, Huobi too announced OTC exchange service and I'm inclined to use this one. Fortunately, now there is another incentive to try this service:
Announcement of $5,000 Airdrop Pool
To make it clear, Huobi OTC is a Peer to Peer (P2P) platform committing to facilitating global user’s crypto currency trading and not just Indian users. You can buy or sell USDT, BTC, ETH on Huobi OTC with 1000 INR or 100000 INR and even more.
During 2nd Aug to 16th Aug（Singapore Time, 09:00-18:00Hours), the users with any transaction (buy/sell) on Huobi OTC will be entitled for a chance to be part of a 5000 USDT Airdrop pool. Check their Telegram group to find more details.
Trade with INR
Starting this month, Huobi OTC has also started trading in EOS with local currency. So now we can buy EOS/BTC/USDT/ETH with INR on Huobi OTC. Isn't it exciting?
UPI & IMPS Payment Method
Huobi OTC supports 18 local currencies and 12 payment methods including UPI & IMPS. This definitely enables users to trade their digital assets faster with less hassle.
No Trading Fee for Users atm:
For BTC/ETH/USDT Trading:
- ZERO trading fee for both Users and Merchant
- Merchants post buying/selling advertisement for FREE
For EOS Trading:
- ZERO trading fee for users
- Merchants post buying/selling advertisement for FREE
- When an order is completed, there’s a trading fee of 0.2% on Merchants side
I find this offer very lucrative and with the Airdrop offer ongoing, I can't resist myself to give it my first try. I'll do it soon. How about you?
Here's is a video tutorial for using Huobi OTC, in case you're interested:
- What is your preferred mode of trading crypto with INR these days?
- Have you done any INR-Crypto trading recently? How?