Buy USDT for ₹96 Instead of ₹100
52sReveals a massive price saving on USDT purchases, instantly grabbing attention of crypto traders looking for lower fees.
▶ Play ClipAI Summary
This video demonstrates how to buy USDT at a cheaper price (around ₹96) on the Indian exchange CoinDCX, avoiding the risks of P2P trading like bank account freezing and identity verification. It also outlines various trading options available with the purchased USDT, including futures, spot, and options trading, as well as INR-denominated markets.
Chapters
[00:03]
P2P Risks on Binance
Buying USDT via Binance P2P costs around ₹101, with risks of bank account freezing and mandatory identity verification.
[00:30]
Cheaper Alternative on Indian Exchange
Promises to show how to buy USDT for ₹96 on an Indian regulated exchange without P2P hassles.
[01:09]
Introducing Coindix (CoinDCX)
The platform Coindix (CoinDCX) is introduced, with a website link in description for details.
[01:35]
Buying USDT at ₹96
Search for USDT on Coindix, then use limit orders to buy at desired price, such as ₹94, without P2P intermediaries.
[02:18]
No P2P Hassle
No peer-to-peer interaction, no identity verification, and flexible pricing compared to Binance P2P.
[02:44]
Using USDT: Futures Trading
USDT can be used for futures trading with up to 100x leverage on coins like Bitcoin, Solana, and Ethereum, plus new pairs like crude oil.
[03:26]
Using USDT: Spot Trading
Direct spot trading with USDT is available on the platform, e.g., buying Ethereum/USDT.
[03:55]
INR Futures Trading
Global futures trading (NASDAQ, S&P 500) and stocks (Tesla, Nvidia, Google, Apple) are available with INR.
[04:37]
Options Trading at Zero Brokerage
Options trading is available with zero brokerage, directly from INR.
[05:05]
Call to Action
Encourages download of CoinDCX, quick KYC in 2 minutes, and access to all trades.
The video promotes CoinDCX as a safer and cheaper alternative for buying USDT compared to P2P, with multiple trading utilities including futures, spot, and options.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (6)
What is a major risk of P2P trading on Binance?
easy
Click to reveal answer
What is a major risk of P2P trading on Binance?
easy
Click to reveal answer
Bank account freezing.
00:17
At what price does the video claim you can buy USDT on CoinDCX?
easy
Click to reveal answer
At what price does the video claim you can buy USDT on CoinDCX?
easy
Click to reveal answer
₹96.
00:33
What type of order can you use on CoinDCX to buy USDT at a desired price?
medium
Click to reveal answer
What type of order can you use on CoinDCX to buy USDT at a desired price?
medium
Click to reveal answer
Limit order.
01:49
What leverage is available for USDT futures on CoinDCX?
medium
Click to reveal answer
What leverage is available for USDT futures on CoinDCX?
medium
Click to reveal answer
Up to 100x.
02:57
Name two non-crypto assets available for futures trading with INR on CoinDCX.
hard
Click to reveal answer
Name two non-crypto assets available for futures trading with INR on CoinDCX.
hard
Click to reveal answer
NAS100 and S&P 500 (NSDCC 100 and SNP 500).
04:09
What is the brokerage cost for options trading on CoinDCX?
medium
Click to reveal answer
What is the brokerage cost for options trading on CoinDCX?
medium
Click to reveal answer
Zero brokerage.
04:37
💡 Key Takeaways
📊
P2P Bank Account Freeze Risk
Highlights a critical risk that many Indian traders face, making the alternative compelling.
00:03
🔧
Lower Price Promise
Demonstrates a specific price reduction from ₹100 to ₹96, a tangible benefit.
00:30
💡
No P2P Intermediaries
Emphasizes elimination of identity verification and bank freezing risks, a key selling point.
02:18
📊
Multiple Trading Options for USDT
Shows that USDT bought cheaply can be used for futures, spot, and options trading, adding value.
02:44
📊
Zero Brokerage Options
A notable incentive for traders considering options strategies.
04:37Full Transcript
[00:03] go to buy USDT in Binance, then look at this ₹101 98 99.19.2 and scrolling down you have to buy USDT here for ₹100.
[00:17] of Binance. So here a lot of people are scared of P2P. There is a risk of bank account freezing risk of bank account freezing and here you have to give verification. here you have to provide things like identity proof, Aadhar card etc., livelihood etc.
[00:30] So how about I show you the process of buying USDT for ₹96 instead of ₹9 or ₹100. I show you the process of buying USDT for ₹96 instead of ₹9 or ₹100.
[00:42] That too registered in India on Indian Crypto Currency Exchange. How would it be if there is no P2P hassle and you buy USDT for ₹96 and then you also have proper utilization of that USDT ? Let
[00:56] me show you the entire procedure step by step. A small message and if you are facing any problem related to crypto , you have any query, any question or any doubt and you want its solution from me only, then you can contact me.
[01:09] This is my website and I have also given the link in the description. You can easily find out all the details by clicking on it. Now let's see how we buy USDT at ₹96. I was talking about the Coindix platform.
[01:22] I told you ₹96. You is a search icon right at the top. You can see it here by clicking on this and clicking on USDT.
[01:35] You can see it here by clicking on this and clicking on USDT. You can easily buy USDT for ₹96. If you want, you can buy it instantly. Otherwise, if you do not want to buy at ₹95, then simply go here and click on the Markets option.
[01:49] go here and click on the Markets option. Here is USDT IAR meaning you can buy USDT here with IAR. When type your entry price here as per your wish. Let's assume you want to buy USDT at ₹94.
[02:04] How much? Let's assume it is ₹2000, then you can easily set your order here. No pee to pup will come in between. There will be no identity verification and your price will also be as desired. Whereas in Binance you have a
[02:18] price and you have to buy things at that price because it is P2P there. But if you choose an exchange like Coindix to buy USDT, then you to buy USDT, then you
[02:31] not buying USDT from any individual user here. The platform is in the middle. So the risk of bank account freezing that remains in P2P also gets completely eliminated here. Now the question that will arise in your mind is that
[02:44] I bought USDT for ₹96 but what will I do with that USDT? Because I cannot withdraw USDT in Coindix. So what can you do with your USDT ? Number one, if you are a futures trader then you
[02:57] can only do direct futures trading. You get to see a lot of coins here. Bitcoin, Solana, Ethereum offer leverage of up to 100x. And new pairs also keep getting added here. Like the pair of crude oil has also been added here.
[03:11] Here XUG means silver backed coin. A pair of XUT i.e. gold backed coin has also been added here. There are already many other pairs. Ok? Futures trading is already available. If you are a spot trader
[03:26] who trades spot with USDT, then you simply go to Home and click on the market icon above. you can also trade directly with USDT in Spot here. Look at this like
[03:42] Ethereum. Buy Pay If I click here then the pair of Ethereum USDT will be selected here. And I can simply buy as much Ethereum directly as I want with my USDT here. So both futures trading and
[03:55] spot trading are available here if you want to do it with USDT but if you want to trade with IAR only, through futures then for that you will click here and by going to Global Futures you can see that
[04:09] here you get to see pairs like NSDCC 100 and SNP 500 in which you can do futures trading. And
[04:22] Like here it became Tesla , it became SDSC. Here you can trade futures in Nvidia, Google, Apple, Ma, Baba and Microsoft, Amazon, Netflix, Microsoft, Amazon, Netflix,
[04:37] in IAR if you want, the rest of the USDT futures are already available. And if you are an options trader, then the option of options trading is also available here, in which you currently get the opportunity to trade options at zero brokerage in Coin D6,
[04:51] that too directly from IAR. So I have given you the official download link of coin DCX in the description.
[05:05] You can download the coin DCX here in just one click. Your KYC will be done in 2 minutes and your account will be accessible for all types of trades, all types of orders etc. that you want to place here. That's all that was left in this video.
[05:18] If you have any doubt then you can definitely ask it in the comments. And if you are serious query, then as I link in the description, and it is also here. You can go there and
[05:31] Please do like our other videos. Please subscribe to our channel and I will meet you in this video showing you the complete process of how you can trade in the stocks of the US stock market inside Coin DCX.
