Quote from: Bitcoin Smith on January 11, 2021, 08:28:45 PM

Quote from: bittreo on December 26, 2020, 04:28:04 PM

Quote

Buy btc from p2p exchange or other OTC medium, use non-custodial wallets.

p2p platform also demands KYC verification in order to facilitate smooth transactions. any recommended p2p platform in India?

Not every p2p platform demands KYC for example Localcryptos which is one of the good non KYC peer to peer trading platforms for Indians.

https://localcryptos.com/Bitcoin/India

Click the above links to get the deals to buy and sell bitcoins for INR, well still the biggest disadvantage of non KYC trading platform is their prices which are actually non profitable for the user, only advertisers are going to make profits there.

Frankly speaking. I think KYC is important when it comes to P2P transactions. It might be exposing your identity but don't forget that you are receiving money into your Bank account and you would definitely don't want money into your account from an unsafe source. A source which might have laundered this money he is sending you. KYC on exchanges ensures that the other person has gone through using his basic documentation. Even though it might even be fake but good chances are it's authentic. So in the worst of cases, you at least can shift the blame onto the exchange for transacting a person who was verified in the first place by the exchange. On such a site you are trusting the person at your own risk.