OpenRate Research
Everything we've learned about P2P crypto in India
108 articles on tax, regulation, exchange specifics, payment rails, arbitrage, and how to avoid the scams that show up on every UPI receipt screenshot.
What does 'lien marked' mean on my bank account?
A lien is the bank's hold on a specific amount. It can be self-imposed (loan collateral, dispute) or external (police, court). Here's how to identify and address each.
What happens when your bank runs an AML review?
AML review = the bank's compliance team manually examines your transactions. Most resolve in 1-2 weeks; some end with account closure.
Are neobanks (Jupiter, Fi, Niyo) better for P2P than traditional banks?
Mixed. Neobanks have less aggressive AML detection but their banking partners (RBL, Federal, etc) sometimes apply stricter policies retroactively.
How to explain crypto P2P to your bank manager
Simple framing: I trade USDT/INR on FIU-registered exchanges, declare income on Schedule VDA, deduct TDS. Three sentences. Most managers accept it.
Should I open a separate bank account for P2P trading?
Yes. Separating trading from salary, family, and EMIs reduces blast radius if anything gets flagged or frozen.
How to file a cybercrime complaint when crypto is stolen
cybercrime.gov.in is the central portal. Speed matters — bank-side freezes within 24-48 hours have the highest chance of fund recovery.
Crypto-friendly banks in India — 2026 ranking
The unofficial ranking from active P2P traders. Subject to change, but the broad pattern is stable.
What is a Suspicious Transaction Report (STR)?
Banks and exchanges file STRs to FIU-IND when activity matches AML patterns. The customer never sees the STR; only its consequences.
Do banks share my P2P data with the income tax department?
Yes — through SFT, AIS, and STR pathways. Your large transactions are visible to the IT Department before you file.