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1

We all need energy. While humans need it to stay energized and be able to do their work, vehicles need the energy to keep running. Similarly, blockchain networks need their energy to process transactions securely and on time. And they get this energy from the transaction fees paid by users. In the case of Ethereum, this transaction fee is called Ethereum Gas Fees.

If you are wondering what is ethereum gas price, why it is needed or why the gas fee is so high, we are here to answer all questions, one at a time. As a bonus, we will also tell you some tips to reduce the fee you pay for ETH transactions. Let’s dig into it.

What is Ethereum (ETH) Gas Price?


The transaction fee a user has to pay for making a transaction on the Ethereum blockchain is called Ethereum Gas Fee. In other words, every time a user performs a translation on the Ethereum blockchain, he/she has to pay a fee to the network. This gas fee goes to compensating the miner for his/her time to verify the transaction by solving complex mathematical equations using their computer systems.

Another thing you need to know about the Ethereum gas fee is that it’s not fixed. The gas fee a user has to pay will depend on the transaction type, complexity and urgency. The more complex or urgent a transaction, the higher is the gas fee.

Also, a miner will usually select to verify transactions that have higher gas fees, especially when the rush or demand is high. So, you can say that the Ethereum gas price also depends on the supply and demand. Some miners may even deny a transaction if the gas fee associated with it is too low. This also allows users to process their transactions faster by paying a higher gas fee.

Also Read: Should I Invest in Ethereum (ETH) in 2021?

Why the Gas Fee is Important for the Ethereum Network


Ethereum gas strictly refers to the transactional/computational cost of the network (Ethereum Virtual Machine). Its main purpose is to separate the other costs, including the actual value of ETH, from the computational costs of running the EVM.

In addition, the gas fee was created as a way to pay miners who use their time and computational power to verify the transactions in order to keep the network running. Miners are the lifeline or a PoW (proof of work) system like Ethereum, which depends on the hash rate of miners to ensure the security and efficiency of the network.

Now, you must have noticed that, unlike Ethereum, Bitcoin doesn’t have a gas fee. It’s because Bitcoin doesn’t employ smart contracts, which are conditional agreements between the transacting users of a blockchain. In simple terms, Bitcoin is a pure digital payment currency that doesn’t work on conditions, which effectively limits the real-world uses of Bitcoin. Thanks to smart contracts, ETH can be virtually used for performing any kind of trust-based transactions such as the exchange of money, property or anything else in a transparent and secure manner. Smart Contracts need gas to work properly and efficiently.

Now, the problem is that the Ethereum gas fee is constantly increasing as the demand for Ethereum transactions is boosting with no equal increase in the supply. Basically, there are limited miners for the increasing number of transactions, which is why the transaction fee or gas price is increasing. Moreover, users paying a higher gas can get their transactions processed faster, leaving users with a low gas fee waiting for their number.

Recommended: How to Buy Ethereum?

So, What’s the Solution? How Do You Make an Ethereum Transaction at a Low Gas Fee?

Yes, you can. You only need to know the best time to perform an Ethereum transaction for a low gas. As I said earlier, the Ethereum gas price is not fixed. It changes depending on the demand and supply. At any given time, when there is a low demand (number of transactions) than the supply (number of miners), the transaction fee will be relatively lower compared to the peak times.

The real challenge is to find the best time when the Ethereum Gas price is the lowest.

If you read the Ethereum Gas charts (https://ethereumprice.org/gas/) carefully, you’ll find that the highest number of transactions happen between 8 AM and 1 PM (EST), while the least people transact between 12 AM and 4 AM (EST). And when more people are transacting, the gas prices are expected to be in the high range. So, the best time to transact on the Ethereum blockchain is between 12 AM to 4 AM.

Also, the chart shows that the higher number of ETH transactions happen on Tuesdays and Thursdays, while the least number of transactions are done on weekends, i.e. Saturday and Sunday.

Conclusion

ETH is one of the top cryptocurrencies in the market, and it’s certainly ahead of the competition if we talk about the real value and use cases. Even if the Ethereum network gas prices are increasing, you can always find ways to perform transactions at a lower fee and save some gas. Do your research and follow the charts to recognize trends in order to figure out the best time to buy Ethereum easily & for a low fee.

2

With more than 4,400 cryptocurrencies in the market today, it’s not difficult to find the bitcoin alternative. However, finding the right bitcoin alternative that fits the purpose of being both affordable and realistic is the key.


Ethereum (ETH) has come to the close of being worthy to be called the best Bitcoin alternative. Not only is ETH a more stable cryptocurrency but also it has far more use cases than bitcoin. If you are looking for how to buy Ethereum in India at the lowest price, you’re at the right place.


Why do we need a bitcoin alternative?


As you may already know, bitcoin is the most popular cryptocurrency in the world. While this is a good thing, the increasing demand and price of Bitcoin have made it nearly impossible for everyone to afford it. Second, bitcoin is a digital currency and has zero or little uses beyond digital payments.


A bitcoin alternative is usually called an altcoin. The term is self-explanatory. It is any cryptocurrency that is created as an alternative to bitcoin, possibly to overcome one or multiple limitations of Bitcoin.


Why ETH is the Best Alternative to Bitcoin


Eth (Ether) is the native cryptocurrency of the Ethereum blockchain, which is a decentralized blockchain software that for the first time explored the possibility of using the blockchain beyond finance. The Ethereum blockchain was the first to introduce the concepts of smart contracts and Decentralized Applications (DApps), which made it possible for the blockchain to be used in third-party systems within and beyond finance.


One of the best benefits of ETH over Bitcoin is that the former can be used in virtually any place through its smart contracts and decentralized applications. As an open-source blockchain, Ethereum allows developers and businesses to build and launch their decentralized applications on the platform, which further helps expand the applications of blockchain technology.


Even for investment purposes, ETH is the best long-term alternative to Bitcoin. Also, it’s easy to buy now because of its low price compared to the BTC price.


How to Buy ETH at the Best Price in India


In India, the easiest way to buy ETH is through a crypto exchange. There are multiple exchanges that allow local investors to buy and trade cryptocurrencies in India.


But, did you know a traditional crypto exchange is usually not the best way to buy ETH? It might be the easiest way but is certainly not the best. Here’s why.


Traditional or fully centralized exchanges levy a significant commission for their services, which include managing the user funds, matching orders and processing them, protecting user data and funds, providing support, etc. In some cases, the commission you have to pay to a crypto exchange can go up to 2–5% per transaction.


So, what’s a better way to buy ETH at a low price?


Peer-to-peer crypto exchanges are usually the best option when you are looking to save money on transaction fees and want the flexibility to pay in your favorite or local currency.


For instance, the Shiftal P2P ETH exchange allows you to buy Ether directly from other users/sellers and pay using any of the available 70+ payment options, including UPI, bank transfer, cash, Google Pay, and Amazon Pay. Also, the trade fee on Shiftal is zero for users who do not post new ads.


In order to buy ETH on Shiftal, a user must first register on the Shiftal Exchange website and select their location and preferred payment option. After that, they can choose from the available ads to buy ETH at the lowest price and directly from a seller.


Buying ETH on Shiftal is completely secure and backed by Shiftal’s escrow service that keeps the fraudsters out of the system.
To know more about the process to buy ETH on Shiftal, visit https://www.shiftal.com/eth

3
Ethereum / Re: What are the steps to buy Ethereum in India?
« on: May 17, 2021, 11:03:54 AM »
The most suitable way to buy Ethereum is by using online exchanges.

Step 1. Go to www.Shiftal.com
Step 2. Click “sign-in”
Step 3. If you don’t have an account then click “I don’t have an account” and register using only your personal email.
Step 4. Find Ethereum in the list and then click the “Deposit” option.
Step 5. Select “Deposit” and so select “Buy ETH using credit or debit card”
Step 6. Enter the amount of money you want to use for the purchase.
Step 7. You’ll be sent to the payment system gateway where you enter your card details.
Step 8. Click “Pay now” and you will get a suitable amount of Ethereum on your Shiftal wallet.

Have a safe and secure trade with Shiftal’s multi-layered security protocols. Thank you!!
Modify message

4

When looking to buy bitcoin from an exchange, one of the major concerns for many users is the tedious and time-consuming KYC verification process. Shiftal solves this problem by employing an automated and fast KYC process.

What is KYC? Why is it needed for bitcoin trading on exchanges?
KYC (Know Your Customer) is a customer verification process mandated for businesses, mainly in the digital space, in many countries that require an online business or portal to verify its customers based on their government identity and documents before allowing them to use its services.

The KYC process usually includes verification of the person’s ID card, address, and/or face (biometric) using specific government-approved documents. KYC is particularly crucial for financial institutions like banks and other organisations that offer financial services such as trading, digital wallets, e-commerce and others.

Why you should not trade with exchanges that don’t require KYC
In the view that the KYC process can be lengthy and time-consuming, some exchanges may allow their users to proceed without KYC, i.e. perform financial transactions without having to verify themselves. While this may seem like an easy & convenient way to buy Bitcoins, it’s not at all secure. These exchanges are in a way working without authority and your data with them will always be at high risk.

Exchanges that allow their users to trade without KYC will have zero records of the person’s identity and will therefore be unable to provide support in case of a dispute. Suppose that one of the exchange users commits fraud, the exchange will have no details of him/her to take appropriate action to ensure the security of the victim.

How does Automated KYC on Shiftal Exchange work? How is it better than regular KYC?
Shiftal is a next-gen P2P crypto exchange that provides over 70 payment options for users to easily buy and sell Bitcoins. It allows users to connect and trade directly with each other.

Same as every authentic Bitcoin exchange out there, Shiftal also employs a highly secure KYC system. However, the KYC mechanism used by Shiftal is automated and very advanced compared to regular KYC. Here’s how Shiftal is the best bitcoin exchange with easy (automated) KYC verification.

So, the Shiftal Exchange uses a fast and highly secure automated KYC system provided by YOTI.

YOTI is a leading, UK-based identity platform that makes it easy & safe for individuals to share their personal details/documents with businesses in order to verify their identity or KYC. At the same time, the system allows businesses like Shiftal to easily & securely verify the identities of their users without putting their privacy at risk in any way.

The best thing is that the entire KYC verification process on Shiftal is automated. The user only has to grant permission to access his/her YOTI profile and the system will automatically verify the KYC, which takes only a few seconds.

The top benefits of Automated KYC verification on Shiftal over regular KYC include:
High security

The user KYC verification on Shiftal is highly secure. The app allows access to specific documents and only for the purpose that the user has granted permission for. Throughout the verification process, the documents remain safe within the user YOTI app/account.

Fast verification

The KYC verification process through the YOTI app is very fast, maybe the fastest out there. It only takes about a few seconds to verify the person’s identity, which makes sure you are ready to buy bitcoin instantly after signing up.

Easy & automated process

The entire KYC process on Shiftal is automated. The user doesn’t have to manually submit any documents or IDs or go through the lengthy video KYC process.

So, what are you still waiting for? Register on Shiftal today and start buying Bitcoins with easy & automated KYC.


5
When looking for how to sell bitcoin in India, you could have multiple options depending on your reason to sell. For instance, if you are in need of immediate cash, you might be looking for a website that can help you quickly sell your bitcoin, irrespective of the price or profit. Shiftal is a leading P2P cryptocurrency exchange platform that was created to provide crypto traders & investors with an easy and affordable way to buy/sell their coins instantly & securely.

6

When we talk about crypto trading, it is hard to miss the mention of exchanges. An exchange is a platform or portal that gives you access to the markets, allowing you to trade various assets and commodities. Platforms that let users buy and sell cryptocurrencies are called crypto exchanges. Decentralized and Centralized are two of the most common types of crypto exchanges out there. Continue reading for decentralized vs. centralized exchanges.


Centralized exchanges are the oldest type of crypto exchanges. They were quite popular until users identified their drawbacks, which include lack of security, high trade commission and high probability of errors & fraud, to name a few. This gave birth to the notion of decentralized exchanges.


Decentralized exchanges overcame some limitations of centralized exchanges, but they have their own pros like they don’t support fiat to crypto trading, have low liquidity, low speed and inability to recover lost data & passwords. Also, payment options in both the above types of exchanges are limited.


The attempts to find a more reliable and better overall crypto exchange led to the evolution of P2P crypto exchanges, which are a kind of mix of centralized and decentralized exchanges.


In this article, we’ll learn in brief about these three popular types of crypto exchanges as well as discuss their basic differences in order to figure which one is the best out of the three.

Centralized Cryptocurrency Exchanges



Centralized crypto exchanges work more or less like your regular exchanges, where the control lies in the hands of the exchange owner, manager or admin. The exchange performs all trade transactions on behalf of users and charges a commission for its services. All the user data, funds, bank details, etc. are stored on the exchange server.


Pros


  • Support for fiat currencies
    High liquidity
  • It’s possible to recover lost data & passwords
  • Online storage for funds, data, etc.
  • Support to multiple cryptocurrencies
  • Easy to use & user-friendly
  • Fast transaction speed


Cons




  • High probability of errors, hacks, etc. with centralized management
  • Too much control with the admin
  • Privacy and security issues
  • Lack of transparency
  • High trade fee/ platform commission




Decentralized Crypto Exchanges


Decentralized exchanges are crypto exchanges that run directly on the blockchain and facilitate crypto trading between users through special programs called smart contracts. One of the biggest benefits of crypto trading on a decentralized exchange is the lack of middlemen, which ensures privacy and reduces transaction cost (but not necessarily time).


Pros


  • No need to store assets inside the exchange in order to trade
  • Traders have full control over their funds and data
  • Easy & secure transfer of funds
  • Highly secure, data stored on the blockchain network
  • Full transparency
  • Anonymous trading
  • Low trade fee
  • Multicurrency wallet support


Cons


  • Low liquidity
  • Low trade speed
  • Limited scalability
  • Data once lost cannot be recovered


P2P Crypto Exchanges


Then, there comes the third type – Crypto exchanges that are not exactly decentralized but are also different from traditional centralized exchanges and offer more security, transparency & flexibility in crypto trading. A P2P exchange like Shiftal would be a good example.


Pros


  • Support fiat to crypto trading (with multiple payment options)
  • Escrow support
  • Low trading fee
  • High security and privacy
  • Users have full control over their assets
  • Direct bank account payments
  • Fast transaction speed


Cons


  • Limited liquidity
  • Occasional delay in releasing coins from escrow


How does Shiftal P2P Exchange work? Is it better than centralized or decentralized crypto exchanges?

What is a P2P crypto exchange? In the definition, the Shiftal P2P exchange is similar to decentralized exchanges, where it allows end-to-end or peer-to-peer trading of cryptocurrencies. However, unlike decentralized exchanges that use smart contracts, the P2P exchange uses the escrow wallet/service to handle the security and authenticity of transactions.


So, you can say that the Shiftal P2P exchange brings the best of both worlds (based on the difference between decentralized and centralized exchanges) while providing users with a highly secure, easy and low-cost way to buy/sell cryptocurrencies using 70+ payment options.


To know more, or to start trading bitcoin on Shiftal, visit shiftal.com

7

Before knowing what is a P2P crypto exchange, let’s understand the exchange term. An exchange is a platform that allows you to trade one asset or currency for another. In the crypto space, when you want to trade one cryptocurrency for another, you’ll need to use a cryptocurrency exchange.


Most of the traditional crypto exchanges are centralized, i.e. all the trading activities on the platforms are managed by trusted centralized parties, owners, managers, etc. Being centralized, these exchanges however are prone to human errors as well as network failures, hacking, etc., which is why there came the need for a P2P exchange.


P2P exchanges like Shiftal are gaining immense popularity in the crypto space because of their secure, convenient and error-free trading mechanism.


If you are wondering what a P2P exchange is, how it works or how it is better than regular crypto exchanges, you’ll find all the answers here.


What is a P2P Crypto Exchange?


A P2P exchange, or peer-to-peer exchange, allows the buyer and the seller to connect and trade directly with each other without an intermediary. Naturally, P2P crypto trading is more secure, transparent & affordable, as the need for a trusted third-party to verify & process the transaction is eliminated.


Shiftal, for instance, is a state-of-the-art P2P crypto exchange that besides allowing users to trade privately has many advanced features like a robust support system, escrow security, automated KYC, 70+ payment methods, among others.


By allowing users to trade directly and eliminating the need for third-party to store funds or verify transactions, P2P exchanges live up to the standards of blockchain ideology of a middleman-free financial system.


How a P2P Exchange Works


A peer-to-peer crypto exchange works more or less like a regular exchange, allowing users to buy/sell cryptocurrencies and digital assets. However, instead of using third-party software or services for verifying user transactions, a P2P exchange will use a special blockchain software called a Smart Contract to automatically match buy-sell orders on the exchange.


Let’s try to understand this with the example of Shiftal.


So, the Shiftal exchange uses smart contracts to help buyers and sellers find each other. Upon finding a matching buy-sell order, the software will connect the buyer and seller, allowing them to trade directly with each other under the security of the Shiftal Escrow. If both parties agree to finalize the trade, the buyer can send payment directly to the seller on their preferred option. The escrow will hold the coins being traded until it verifies that the seller has received the payment, after which the coins will be automatically credited to the buyer’s wallet. This further removes the probability of fraudulent transactions on the platform.


In case if there is a dispute during a transaction, the users can seek help from Shiftal’s 24×7 support team. The exchange provides multiple ways for traders to connect with the support team. For the instant resolution of disputes during a transaction, traders can use the Callback option to get an instant call from a support executive. Alternatively, they can use the chat support option or send an email to the team for a quick resolution of their trading issues.


Contrary to popular beliefs, P2P crypto exchanges are not limited to cryptocurrencies but support a wide range of payment methods, same as or even more than regular exchanges. The Shiftal exchange, for example, allows as many as 70+ payment methods for trading on its platform.


Unlike regular exchanges, P2P crypto exchanges are not vulnerable to frauds and cyberattacks and also reduce the trade fee, charged in the form of transaction fees, platform charges, etc.


Most of the P2P exchanges in the market support trading of top cryptocurrencies like BTC and ETH. You can choose an exchange based on the type of coins, payment methods, support, etc.


Advantages of P2P Exchange over a Regular Crypto Exchange


If you need to know more reasons why P2P exchange is a better choice over a regular crypto exchange for Bitcoin trading, here are some common benefits of using one.


1. Increased privacy


When trading via a P2P bitcoin exchange, traders are usually not required to share their personal details, payment details, etc. via a third-party. That means you can trade in a completely private manner and directly with other users. This reduces the risk of data breach or loss through an intermediary.


2. Improved security


Unlike regular exchanges, a P2P ETH exchange doesn’t store your data, transaction details, etc. on a centralized wallet or platform. Also, users are not required to hand over their coins or money to a third party in order to perform a trade. On the Shiftal exchange, you pay directly to the seller, which ensures both your data and money are completely safe.


Other exclusive benefits of the Shiftal P2P exchange for Bitcoin and ETH include:


3. Secured By Escrow


The Shiftal platform uses Escrow to ensure the security of user funds and coins. It temporarily holds the coins (during a trade) and transfers only after receiving the payment verification, which reduces the probability of fraud.


4. 70+ Payment Methods


With over 70+ payment options including popular ones like bank transfer, NEFT, IMPS, UPI, Paytm wallet, Google Pay, etc., users can easily & quickly buy/sell Bitcoin and ETH on Shiftal in minutes.


5. User-friendly Interface


The Shiftal website features a user-friendly and interactive design, which makes it easy for users to trade their favorite coins, post a new ad or trade with other users with complete security. Also, the Shiftal mobile apps for Android & iOS will be launched soon.


6. European Regulated Exchange


Shiftal is one of the first P2P bitcoin exchanges that has been approved & regulated by European authorities for trading in 220 countries.
So, what are you waiting for? Visit the website www.shiftal.com to start trading Bitcoin and ETH securely.

8

Before knowing what is a P2P crypto exchange, let’s understand the exchange term. An exchange is a platform that allows you to trade one asset or currency for another. In the crypto space, when you want to trade one cryptocurrency for another, you’ll need to use a cryptocurrency exchange.


Most of the traditional crypto exchanges are centralized, i.e. all the trading activities on the platforms are managed by trusted centralized parties, owners, managers, etc. Being centralized, these exchanges however are prone to human errors as well as network failures, hacking, etc., which is why there came the need for a P2P exchange.


P2P exchanges like Shiftal are gaining immense popularity in the crypto space because of their secure, convenient and error-free trading mechanism.


If you are wondering what a P2P exchange is, how it works or how it is better than regular crypto exchanges, you’ll find all the answers here.


What is a P2P Crypto Exchange?


A P2P exchange, or peer-to-peer exchange, allows the buyer and the seller to connect and trade directly with each other without an intermediary. Naturally, P2P crypto trading is more secure, transparent & affordable, as the need for a trusted third party to verify & process the transaction is eliminated.


Shiftal, for instance, is a state-of-the-art P2P crypto exchange that besides allowing users to trade privately has many advanced features like a robust support system, escrow security, automated KYC, 70+ payment methods, among others.


By allowing users to trade directly and eliminating the need for third-party to store funds or verify transactions, P2P exchanges live up to the standards of blockchain ideology of a middleman-free financial system.


How a P2P Exchange Works


A peer-to-peer crypto exchange works more or less like a regular exchange, allowing users to buy/sell cryptocurrencies and digital assets. However, instead of using third-party software or services for verifying user transactions, a P2P exchange will use a special blockchain software called a Smart Contract to automatically match buy-sell orders on the exchange.


Let’s try to understand this with the example of Shiftal.


So, the Shiftal exchange uses smart contracts to help buyers and sellers find each other. Upon finding a matching buy-sell order, the software will connect the buyer and seller, allowing them to trade directly with each other under the security of the Shiftal Escrow. If both parties agree to finalize the trade, the buyer can send payment directly to the seller on their preferred option. The escrow will hold the coins being traded until it verifies that the seller has received the payment, after which the coins will be automatically credited to the buyer’s wallet. This further removes the probability of fraudulent transactions on the platform.


In case if there is a dispute during a transaction, the users can seek help from Shiftal’s 24×7 support team. The exchange provides multiple ways for traders to connect with the support team. For the instant resolution of disputes during a transaction, traders can use the Callback option to get an instant call from a support executive. Alternatively, they can use the chat support option or send an email to the team for a quick resolution of their trading issues.


Contrary to popular beliefs, P2P crypto exchanges are not limited to cryptocurrencies but support a wide range of payment methods, same as or even more than regular exchanges. The Shiftal exchange, for example, allows as many as 70+ payment methods for trading on its platform.


Unlike regular exchanges, P2P crypto exchanges are not vulnerable to frauds and cyberattacks and also reduce the trade fee, charged in the form of transaction fees, platform charges, etc.


Most of the P2P exchanges in the market support trading of top cryptocurrencies like BTC and ETH. You can choose an exchange based on the type of coins, payment methods, support, etc.


Advantages of P2P Exchange over a Regular Crypto Exchange


If you need to know more reasons why P2P exchange is a better choice over a regular crypto exchange for Bitcoin trading, here are some common benefits of using one.


1. Increased privacy


When trading via a P2P bitcoin exchange, traders are usually not required to share their personal details, payment details, etc. via a third party. That means you can trade in a completely private manner and directly with other users. This reduces the risk of data breach or loss through an intermediary.


2. Improved security


Unlike regular exchanges, a P2P ETH exchange doesn’t store your data, transaction details, etc. on a centralized wallet or platform. Also, users are not required to hand over their coins or money to a third party in order to perform a trade. On the Shiftal exchange, you pay directly to the seller, which ensures both your data and money are completely safe.


Other exclusive benefits of the Shiftal P2P exchange for Bitcoin and ETH include:


3. Secured By Escrow


The Shiftal platform uses Escrow to ensure the security of user funds and coins. It temporarily holds the coins (during a trade) and transfers only after receiving the payment verification, which reduces the probability of fraud.


4. 70+ Payment Methods


With over 70+ payment options including popular ones like bank transfer, NEFT, IMPS, UPI, Paytm wallet, Google Pay, etc., users can easily & quickly buy/sell Bitcoin and ETH on Shiftal in minutes.


5. User-friendly Interface


The Shiftal website features a user-friendly and interactive design, which makes it easy for users to trade their favorite coins, post a new ad or trade with other users with complete security. Also, the Shiftal mobile apps for Android & iOS will be launched soon.


6. European Regulated Exchange


Shiftal is one of the first P2P bitcoin exchanges that has been approved & regulated by European authorities for trading in 220 countries.


So, what are you waiting for? Visit the website www.shiftal.com to start trading Bitcoin and ETH securely.


9

When looking to trade cryptocurrencies in India, you have many options. There are literally hundreds of exchanges that offer (or claim to offer) crypto trading services in India. So, when looking to choose the right exchange to start your trading career, you might need to do some research based on your priorities.


For most people, transaction fee, speed and privacy are the top priorities when trading cryptocurrencies, which is why P2P crypto exchanges are the most popular these days. Also, with Shiftal and Paxful being the two leading P2P crypto exchanges in India, the choice seems an easier one.


Before we get into the details of the two top P2P crypto exchanges and compare them based on various features & benefits, let’s brush up on the basics.


A P2P crypto exchange is an exchange platform that allows users to buy/sell cryptocurrencies directly from/to each other, without needing an intermediary to process, verify or approve the transaction. Such exchanges are more secure and usually have a lower trade fee compared to regular crypto exchanges.


Shiftal vs Paxful


When talking about top crypto exchanges in India, Shiftal and Paxful are the two most frequently used names. The unique thing about these two exchanges is that they both are peer-to-peer, which automatically gives them an edge over regular cryptocurrency exchanges.


But, when you have to choose between the world’s two best P2P exchanges, things might get a little complicated.


But don’t worry. We are here to make things simpler by giving you an honest and transparent view of these two leading P2P crypto exchanges to help you make the best decision.


Shiftal P2P Exchange


Shiftal – a peer-to-peer exchange that allows crypto traders to find and trade directly with each other. As of now, it supports over 75 payment methods and allows trading of top cryptocurrencies including Bitcoin and ETH.


Paxful P2P Exchange


Paxful is another leading P2P crypto exchange that’s now used by hundreds of crypto traders in India and overseas. As a global crypto exchange, it supports hundreds of currencies and payment methods.


Shiftal vs Paxful – A quick overview




As you can see from the table, Paxful is an older and more experienced crypto exchange and has more users compared to Shiftal. However, Shiftal is a more innovative P2P exchange that was created to overcome the limitations of Paxful and other crypto exchanges. It has an impeccable user support system and is the first exchange to include the Callback Request feature for instant support during trades.


Shiftal is also one of the first crypto exchanges to have been approved and regulated by the European Association, which makes your data and money with Shiftal 100% secure.


Shiftal uses automated KYC verification, which is faster and more secure. Moreover, the platform supports over 70 payment methods, including popular options like UPI, NEFT, IMPS, and wallet transfer. It has a low transaction fee of 1% per trade, which is only levied from users who create new advertisements on the platform. There is No Fee charged for registering and buying and selling Bitcoin & Ethereum on Shiftal.


Paxful, on the other hand, has more payment options compared to Shiftal. So, if you fail to find your preferred payment option on Shiftal, you’ll most likely find it on Paxful.


To conclude, both Paxful and Shiftal are great options for P2P crypto trading. Depending on your preferred choices, you can opt for either one. While Paxful has more payment options and cryptocurrencies, Shiftal is relatively more secure and has a low trade fee.

10

Besides being the largest cryptocurrency by market cap, Bitcoin also enjoys the most popularity in the market. Most of the newbies as well as experienced investors want to get a chunk of the Bitcoin bumps that come very frequently and end up making people rich. But, did you know how to buy bitcoin with a debit card in India?


Most of the crypto exchanges in India that allow users to buy/sell Bitcoin only allow payments via credit card or direct bank transfer. But, there are also a couple of exchanges where you can buy Bitcoin easily & securely using your debit card.


Why buy bitcoin with a debit card


Buying bitcoin using your bank debit card is not only convenient but also affordable, as there is usually no bank charge levied on debit card transactions. Credit card companies, on the other hand, charge a hefty fee in the range of 2-10% from the user.


Also, by using a debit card you can only spend money that you have in your bank account, which will ensure you are not overspending or investing money that you don’t own (credit card debt, loans, etc.). When investing in cryptocurrencies, it’s very crucial that you remember the first rule of investing, which is Do Not Invest What You Cannot Afford To Lose.


In India, where the number of people using debit cards (~85 crores) is over 14 times the number of people using credit cards (~6 crores), most of the new crypto buyers would likely prefer to use a debit card to buy their first Bitcoin.


Shiftal is one of the leading P2P crypto exchanges in India that now also supports the debit cards of all Indian banks. So, if you are looking for the best & easiest and secure way to buy Bitcoin using a debit card in India, this is it.


How To Buy Bitcoin (BTC) With a Debit Card on Shiftal Platform


Shiftal is a first-of-its-kind P2P crypto exchange that currently allows users to buy Bitcoin and ETH directly from other users on the platforms. So, when you want to buy Bitcoin, the platform will simply connect you with a potential seller, who you can trade with directly.


One of the best things about the Shiftal crypto exchange is that it supports over 75 payment methods, including popular options like credit cards, debit cards, bank transfer, UPI, digital wallet, and others.






If you are searching for how to buy bitcoin with a debit card, here you go.


The Step-by-Step Process to Buy Bitcoin using a Debit Card


Step 1: Visit Shiftal.com and Register


To get started, visit the website www.shiftal.com and click on the ‘Sign up’ button to register a new account. If you already have an account on the Shiftal website, do proceed to log in.


After you have verified your email account, you can log in to your Shiftal dashboard.


Step 2: Choose ‘debit card’ in payment methods


After logging in to your Shiftal account, the first thing you need to do is choose your location and then your preferred payment method, debit card in this case. This will ensure you only see buy/sell advertisements that are available for your location and accept debit cards.


Step 3: Create a new trading advertisement or choose an existing one


If you find the right advertisement where the seller has set the price you want and also accepts a debit card for payment, just click the Buy button to start trading. This will redirect you to the trade page, where you can chat directly with the potential seller to finalize the trade terms.


In case if there is no right advertisement available that matches your requirements & budget, you can proceed to create a new buy advertisement by using the ‘Post Trade’ option available at the top.


Make sure to mention your requirements in detail, including your preferred payment method (debit card) on the page. Publish the ad and wait for a potential seller to approach you.


Step 4: Complete the trade


Once you manage to find the perfect offer or seller to buy Bitcoin from Shiftal, finalize the trade terms and complete the trade before the offer runs out.


If you need help during a trade, use the Callback Request option to get immediate assistance from our 24×7 support team.


Use your debit card to pay directly to the seller as per their preferred option. Once you have made the payment, the platform (Shiftal Escrow) will verify it. Upon successful verification of payment, the purchased coins will be instantly transferred to your wallet.


Shiftal is the only crypto exchange in India that has the callback request feature to provide instant assistance to traders in between a trade. To use the option, a trader only has to click the ‘Request a Callback’ button and the team will call him instantly to provide a quick resolution of the dispute.


Shiftal is a highly secure, reliable and low-cost way of buying Bitcoin & ETH in India. Registering, buying and selling of Bitcoin and Ethereum on Shiftal is completely free. The only time a user has to pay a fee (1% of the trade value) is when they create a new advertisement and complete a trade through it.

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Bitcoin discussion / How to Sell Bitcoin in India 2021 (3 Easy Steps)
« on: April 07, 2021, 12:49:45 PM »

What do you do when you have some bitcoin in your wallet that you want to sell for the maximum profit? The first thing most people would do is try and find the right website that can give maximum value on sale. If you are wondering how to sell Bitcoins in India, this guide will take you through the easy, step-by-step process.


Finding the right platform to sell your bitcoin is one thing. You also need to find the best time to sell your coins in order to get the maximum profit. Of course, it can take months, if not years, before you find the right opportunity. And unless you’re in a hurry to sell, I’d recommend you wait.


How to Sell Bitcoin (BTC) in India Instantly


When looking for how to sell bitcoin in India, you could have multiple options depending on your reason to sell. For instance, if you are in need of immediate cash, you might be looking for a website that can help you quickly sell your bitcoin, irrespective of the price or profit.


Tracking the Bitcoin Price


If you are not in a hurry to sell your bitcoin, I’d strongly recommend you wait for the right time. Bitcoin is highly volatile, and its price keeps touching ATH (all-time high) again and again. Only recently BTC broke its previous ATH record of $58,000 to reach an all-time high of $61,499 on March 14th, 2021.


So, if you wait for the right time, there is a good chance that you’ll end up with much more than you would by selling your bitcoin right now.


Finding the Right Exchange to Sell Your Bitcoin


Once you’re ready to sell your bitcoin, the next step is to choose the right exchange. An exchange is a website or platform that lets you buy or sell certain assets, currencies and stocks. For buying or selling digital currencies such as Bitcoin, you have to find a cryptocurrency exchange.


Some of the top options for crypto exchanges in India include WazirX, Binance, Shiftal, Paxful, and Localbitcoins. Compare these exchanges based on factors like allowed cryptocurrencies & pairs, supported payment methods, trade cost, transparency, security, support and popularity.


I personally advise you to choose a P2P exchange, as it can offer better returns due to minimal transaction charge as well as protect your privacy and data better.


What’s a P2P crypto exchange?


A P2P crypto exchange is a platform that allows a user to buy/sell cryptocurrency directly from/to other users with a minimal role of the platform itself. It ensures minimal trade fee and maximum security in transactions.


Sell Your Bitcoin on Shiftal P2P Exchange Quickly in 3 Easy Steps:


Shiftal is a leading P2P cryptocurrency exchange platform that was created to provide crypto traders & investors with an easy and affordable way to buy/sell their coins instantly & securely.






The Shiftal Exchange is also suitable for those who want to get the best price for their bitcoin but can’t wait for the market price to increase, as they can still get the best price for their coins using Shiftal’s unique bidding system. Here’s how it works:


Step 1: Register on Shiftal


To start selling your bitcoin on Shiftal, you’ll first have to create an account on the website. Visit Shiftal.com and click the Sign-up button to get started.


After you’ve verified your email, you can log in to the website.


Step 2: Create a new trade advertisement to choose from existing ones


The Shiftal exchange uses an advertisement-based trading system, where you can post advertisements for your buy/sell requirements. In order to sell Bitcoin, you can create an ad detailing your offer, expected price, preferred payment method, etc. A user who is interested in buying bitcoins from you can click on your ad and then talk/chat directly with you on Shiftal’s very secure trade page.


Alternatively, you can choose from the existing buy ads listed on the Shiftal platform.


Step 3: Complete the trade


Talk with the potential buyer directly & securely on the Shiftal platform. Then, if both parties agree, you can ask the buyer to make the payment directly to your account/wallet.


Shiftal acts as an Escrow and will automatically release the coins to the buyer after verifying that you have received the payment in your account.


The Shiftal exchange features a robust support system to provide quick help to its traders and avoid fraudulent activities on the platform. Its unique Callback Request feature can be used to request help for instant dispute resolution during a transaction.


There are multiple ways to sell Bitcoin in India, and Shiftal is arguably the best, fastest & most secure of them.


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The successful ones started their trading with the best cryptocurrency exchange platform by asking questions such as:


– Is Bitcoin a good investment?
– What is the best mode of payment to buy Bitcoins?
– Which is the best Bitcoin investment strategy?
– How much to invest in Bitcoin?


These questions may confuse beginners, so it is advisable to have a mentor. A mentor has gone through all these questions and can guide you through the process.


Now let’s delve into the major factors that you should consider when deciding upon how much to invest in Bitcoin or your other coveted cryptocurrency.


Factor #1: Risk Tolerance


The cryptocurrency market is highly volatile. Of course, crypto maniacs believe in the growth of cryptocurrency. But in the end, the future of the crypto market is unpredictable.


So, when thinking about how much to invest in Bitcoin, think of an amount that you can afford to lose. Keep the amount you invest at a level where it does not affect your judgment.


Factor #2: Profit Tolerance


I know you will find it silly, but think about it – if you invest an amount that can get you highly emotional when you lose it, what will happen if you multiply your money by 20 times?


Back in 2017, the same situation happened to a lot of investors when cryptocurrency was booming. They became millionaires because they decided to invest their savings in cryptocurrency.


But what happened later? Do you think they sold their positions and took their profits? No. Most of them went back to where they were during the 2018 market crash.


So, it is imperative to invest in crypto wisely.


Factor #3: Change of Mind


Have you ever seen any cryptocurrency investor say “I’ll invest $X in cryptocurrencies” and stick on that particular amount? Might be No. People change their minds by nature, even more, when they confront an ever-evolving market.


So, before you make a final decision about how much to invest in BTC or ETH, and any currency you want, leave a room to change your mind in the future. The easiest way to do this is to divide your investment over time. Set the particular amount in your mind, and invest it within the next 3, 6, or 12 months.


Factor #4: Diversification


Cryptocurrencies are uncorrelated with regular markets such as finance, gold, and stocks.


Do you know what it means? For instance, gold is a correlated asset class. When stocks fall, gold rises and vice versa- they are inversely proportional to each other. But Bitcoin and Altcoins are not correlated. They move on their law and there is no connection to stocks, bonds, etc. This is partly why Bitcoin is a good investment.


Apart from this, they are volatile, which means you want to include various assets in your portfolio to reduce your risk. Diversification is a unique technique that any mature investor uses to reduce the importance of luck.


What are the best sites to buy BTC?


There are hundreds of websites where you can invest in Bitcoin. All of them have different offerings and you will have to choose a few based on your preferences. If you are looking for the best crypto trading platform, then Shiftal is a perfect place for you to buy the two major cryptocurrencies- BTC and ETH by using any of your coveted payment options, as Shiftal offers 70+ payment methods. Invest now to enjoy seamless trading!


Happy Trading!

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Ethereum / What is the Cheapest Place to Buy Ethereum (ETH)?
« on: March 23, 2021, 12:44:05 PM »

Ether (ETH) is the second most popular cryptocurrency on the planet. As the native currency of the Ethereum blockchain, it acts as a digital global currency that can be used across all Ethereum apps as well as on a variety of other platforms. If you are planning to buy ETH, here are some of the best and cheapest ways to do that.


The all-time-high price of ETH recently touched the $2,000 mark around the same time when the cryptocurrency achieved an overall market cap of over $215 billion in February 2021, making it the second-biggest cryptocurrency after Bitcoin.


As compared to Bitcoin, the ETH price is quite low, which makes it a superior alternative for those looking to invest in a high-potential cryptocurrency without breaking their budget.


If you are searching for the cheapest place to buy Ethereum, you are at the right place. Here I am going to tell you about the cheapest and probably the best way to buy ETH with complete security.


How to Buy ETH


When looking at how to buy Ethereum, you have two options – 1) buy directly from an ETH seller/holder or 2) buy from an ETH exchange.


While buying directly from an ETH seller will be the cheapest option as it eliminates the middleman-cost, it’s easier said than done. Finding a reliable ETH seller is not easy. Then, there is always the issue of trust. A person pretending to be an ETH holder or seller can turn out to be a fraud and may end up taking your money without giving anything in return.


Another and more trustworthy option is to buy ETH from a reputable exchange. There are many crypto exchanges where you can buy ETH from. The process is simple. You need to sign up for an account on the exchange and then add money to your wallet in order to buy ETH. There is a middleman fee or transaction cost for each ETH buy/sell transaction on an exchange. Make sure to find out about the trading fee before buying ETH through an exchange.


So, what’s the cheapest place to buy Ethereum (ETH)? Is there a platform that combines direct (P2P) trading with the security & trust of an exchange?


Actually, there is. It’s called Shiftal.


The Cheapest and Safest Place to Buy ETH


Shiftal is what you can call a peer-to-peer (P2P) exchange platform that lets buyers and sellers trade directly with each other. You can find the right seller through the available ads on Shiftal. Just click the ad you like and talk directly with the seller. The platform even allows sellers to accept payments directly in their preferred payment option, such as wallet, UPI or direct bank transfer.


So, how is buying ETH from Shiftal cheaper or better than other options?






For one, the Shiftal platform removes the need and cost of middlemen in crypto transactions. You can connect and trade directly with the seller and make payment directly to them. The platform charges zero trade fee from buyers or sellers. There is only a 1% platform fee charged from advertisers for every successful trade.


Other than that, Shiftal provides the security and assurance of a regular crypto exchange. It essentially acts as an Escrow for crypto trading. So, when you want to buy ETH from Shiftal, the platform will ensure you get genuine sellers to buy it from. During a trade, the Shiftal escrow will hold the coins until the payment is made by the buyer and will release the coins only after the seller confirms payment receipt. This effectively nulls the probability of fraudulent activities on the platform.


To start buying ETH from Shiftal, visit www.shiftal.com


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Personally, which coin would you rather purchase?


ETH looks to trade on discount but BTC has its own popularity and demand in the market, both bitcoin and ETH are growing at a very fast pace and it seems like the bull run is likely to continue for quite some time so in my view it is safe to invest in either of them.

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Bitcoin discussion / Re: How to Buy Bitcoin in India?
« on: March 19, 2021, 10:36:42 AM »
It is advisable to acquire Bitcoin anonymously for greater security.


Yes. Privacy is important in bitcoin purchase transactions. The more people know about your assets, the more likely it's to get hacked. We at Shiftal value the user privacy very much and allow them to trade directly with each other (P2P) without having to share their personal info with anyone.

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