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.

Guides·5 May 2026 · 9 min read

Crypto remittance vs Wise vs Western Union — real numbers across 4 corridors

On a $1,000 USD→INR transfer, P2P-via-USDT lands at 0.4-1.2% all-in. Wise is 0.8-1.5%. Western Union is 4-8%. Here's the actual cost breakdown across USD→INR, AED→INR, GBP→PKR, and USD→PHP.

By OpenRate Research

Guides·4 May 2026 · 6 min read

How to do your first P2P crypto trade in India (Binance walkthrough)

Sign up + KYC, add UPI, pick a high-completion merchant, pay via UPI, post UTR, wait for release. Total time: ~30 min one-time, then 2-5 min per trade.

By OpenRate Research

Guides·2 May 2026 · 5 min read

How to cash out USDT to INR safely in India (2026 guide)

Two safe paths: P2P sell on Binance/Bybit (escrowed) or Indian-domiciled CEX with INR direct withdrawal (CoinDCX, Mudrex). Tax: 30% on gain + 1% TDS auto-deducted.

By OpenRate Research

Guides·30 Apr 2026 · 5 min read

How to send USDT abroad from India (legally)

Buy USDT P2P, withdraw to your wallet, send to any global address. Tax + LRS implications matter. Here's the full picture.

By OpenRate Research

Guides·28 Apr 2026 · 4 min read

How to convert USDT to actual USD in India

Multiple paths: spot pair to a USD-friendly bank, foreign exchange withdrawal, or family abroad. Each has tax and FEMA implications.

By OpenRate Research

Guides·26 Apr 2026 · 4 min read

How to move USDT between exchanges (without losing money)

TRC-20, double-check addresses, small test first. Here's the operational checklist that keeps you out of permanent-loss territory.

By OpenRate Research

Guides·24 Apr 2026 · 5 min read

How to track P2P trades for tax purposes — a practical workflow

Excel/Sheets template, quarterly export from each exchange, monthly reconciliation against AIS. Here's the workflow that scales.

By OpenRate Research

Guides·22 Apr 2026 · 5 min read

Your first arbitrage trade — a walkthrough

Spot a 50-paise gap on OpenRate, execute it across two exchanges, account for tax. Here's the full walkthrough.

By OpenRate Research

Guides·20 Apr 2026 · 3 min read

What records should I keep for P2P trades?

Trade history, UPI receipts, KYC of exchanges, ITR, 26AS, bank statements. Five categories, indexed and dated.

By OpenRate Research

Guides·18 Apr 2026 · 4 min read

How to pick a merchant for a large (₹10L+) trade

Top-tier badge, multi-thousand trade history, online activity, depth in single ad — different criteria from picking for small trades.

By OpenRate Research

Guides·16 Apr 2026 · 3 min read

The pre-trade checklist — 8 things to verify in 30 seconds

Run this checklist on every trade. The 30 seconds it takes saves more disputes and losses than any single other practice.

By OpenRate Research