NikhilSingh25
Forerunner
I won't be holding on to them , they will be send to someone else the same day. and good think I sold everything I had on Wazirx I had last year. At that time selling them sounded like a bad idea but not anymore.
Best way to buy and hold crypto in self-custody in India?
- Thread starter mr.stark
- Start date
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- Tags
- bitcoin crypto cryptocurrency
kazstar101
Contributor
khamosh
Forerunner
Only buy/sell using digital eRupee option and confirm twice that you use correct account with same name
kazstar101
Contributor
khamosh
Forerunner
Yes, Binance allows only registered KYC names to be the same on the bank account added, same goes for erupee
Is there any advantage (like protecting from bank freeze) if we use eRupee option?
khamosh
Forerunner
Yes, generally scammers avoid eRupee, as it requires to transfer money to/from bank account to eRupee app as tokens.
Can we just open an eRupee account at any bank? (I think I had received some emails from HDFC and Kotak about eRupee trials)
Also how to send/receive money to eRupee account? via UPI?
khamosh
Forerunner
Yes, the ones that provide this facility
eRupee, similar to UPI, requires a barcode or VPA to send/receive money.
A bank account is necessary to transfer money in or out of an eRupee wallet, UPI is not involved in these transactions.
scarletwitch
Contributor
Buy from exchange/p2p and then transfer to hardware wallet for storage. Also, split them between wallets if you have a bigger holding.
I am not getting the p2p thing. should I try with debit card? don't want account freezing ...
scarletwitch
Contributor
If you want nothing to do with account freezing, don't use bank accounts at all.
Tracer_Bullet
Galvanizer
who is holding XD
???If you want nothing to do with account freezing, don't use bank accounts at all.
Tried e rupee for the first time. the transaction limit kind of sucks. loading money is also not easy due to limit. if large amount needs to be loaded. you have to wait for a day has 25k (10k+10k+5K) is how you can load money.
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Some major Indian exchanges don't even support that, only rupee withdrawal to bank acc or GV redemption is possible.
captivating
Forerunner
khamosh
Forerunner
Many changes have been implemented since its launch, which wasn’t the case a year ago.
For larger amounts (USDT), people often trade with known individuals from the community and not rely on p2p.
kazstar101
Contributor