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Topic: Introducing P2PX Non-KYC Cryptocurrency exchange (Read 111 times)

hero member
Activity: 2156
Merit: 803
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I have few points to make:

1) Although there is no kyc from exchange itself, you'll still have to show it to from whom you purchase or sell, at least this is what I get from faq, CMIIW.

2) Their way of stopping impersonation fraud is to limit transaction value to $100, one can still get scammed for $100, how is that a solution?

3) Trying the app: I'm not too sure how it works tbh. Downloaded the app, no information was asked whatsoever, I created buy order for testing's sake, app accepted it, it and it asked me to send money to merchant, I didn't send it cause I don't trust it enough.

Their 10 minute timer also keeps replenishing itself forever, what's the point of it then?



If someone has guts to try their service, please share your experience.

All the USDT buyers have been selected after a thorough investigation. I would recommend you to check with the admins of their telegram channel. Whatever information I got was from their telegram channel and from their admins. As I have already said I am not representing the exchange nor I have been paid to write this post. I wrote it to make the Indian community aware of another exchange and It is your choice to to either use it or ignore it.
hero member
Activity: 2520
Merit: 952
Thanks for bringing out the name, I never had Polygon USDT so I don't think I will ever try them unless they have BTC in their supported currency.

It's easy to convert BTC to Polygon USDT if you really want to try out the platform tho (via instant exchanges), you will probably pay 1$ extra for the whole process.
sr. member
Activity: 910
Merit: 284
Thanks for bringing out the name, I never had Polygon USDT so I don't think I will ever try them unless they have BTC in their supported currency.

Well, its not completely non-KYC, only people who want to sell their crypto to INR doesn't need any verification but the merchants or whoever buy cryptos and send INR to bank account has to undergo strict verification called face to face verification system.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
2) Their way of stopping impersonation fraud is to limit transaction value to $100, one can still get scammed for $100, how is that a solution?

Well, at least they are trying to limit the losses. I like this approach though. I know it's not a full proof solution but it's better to lose $100 than $1000.

Quote
Their 10 minute timer also keeps replenishing itself forever, what's the point of it then?  

That's a red flag for me. There's no point if the trade remains active forever. May be it's a bug from their end.

There are no google reviews which makes it even harder to trust.
hero member
Activity: 2520
Merit: 952
I have few points to make:

1) Although there is no kyc from exchange itself, you'll still have to show it to from whom you purchase or sell, at least this is what I get from faq, CMIIW.

2) Their way of stopping impersonation fraud is to limit transaction value to $100, one can still get scammed for $100, how is that a solution?

3) Trying the app: I'm not too sure how it works tbh. Downloaded the app, no information was asked whatsoever, I created buy order for testing's sake, app accepted it, it and it asked me to send money to merchant, I didn't send it cause I don't trust it enough.

Their 10 minute timer also keeps replenishing itself forever, what's the point of it then?



If someone has guts to try their service, please share your experience.
full member
Activity: 448
Merit: 223
Thank you, @pakhitheboss, for introducing this exchange. It's great to see a non KYC P2P exchange for INR, which can help protect our KYC information.
it should be noted that it is still in its early stages and has some limitations, such as high minimum withdrawal amounts, only supports Polygon blockchain for deposits, etc.
Many of our questions were answered in the FAQ section of the website.
hero member
Activity: 2156
Merit: 803
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P2PX is a non-KYC P2P exchange for buying and selling cryptocurrency in Indian Rupees. It was started in the month of September 2023 it has already gained a substantial amount of user base without any marketing. For now, gas fees are paid in perpetuity by the P2PX DAO, and there are no commissions on crypto-to-fiat onramps and off-ramps. You can only access the exchange using their Android app. You can download the app from their website.

Deposit
Only Polygon USDT deposit is available.

Withdrawal
Only USDT withdrawal known blockchains are available.

How many transactions are allowed in a day?
For buying only three transactions can be made in a day max of 100 USDT. For selling it can be more but the minimum amount has to be 100 USDT.

How is the USDT rate decided?
USDT rates are decided every day depending on the liquidity available on the exchange.

Where is P2PX registered?
The exchange is registered in the British Virgin Islands.

I do not represent the team neither I have been paid to write about it. I wrote this post to make the Indian community aware of this new exchange. If you have any queries then you can contact the admins of their Telegram channel.
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