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Deposit and Withdrawal INR through Peer to Peer (P2P)



What is Peer to Peer (P2P)?
P2P is a new system buyUcoin has launched to help it’s users to Deposit and Withdraw funds among it’s users only. In this anyone who want to deposit INR in buyUcoin has to deposit funds in the bank account of the other user who want to withdraw funds from buyUcoin wallet.

How P2P transactions works?
For Deposit-

1. You need to create a deposit request by filling the necessary information asked in the below box.


2. You can boost your request for faster matching(Optional)

3. Once your request get matched by any withdrawal request, you could see the matched request in the matched column like below.


  • 4. Here you can check the bank details and do the payment.
  • 5. After doing the payment you have to mark payment as complete by entering the reference of transaction which you get from bank.
  • 6. After successfully doing the above step it will go to withdrawer for confirmation.
  • 7. After successful confirmation you’ll get the amount in your wallet.
  • 8. You can raise a problem if the withdrawer doesn’t confirm the payment in given time.

For Withdraw-

1. You need to create a withdraw request by filling the necessary information asked in the below box.


2. You can boost your request for faster matching(Optional)
3. Once your request get matched by any deposit request, you could see the matched request in the matched column like below.


  • 4. Once the depositor do the payment in your bank account, it will mark the payment as complete and you will get the option to confirm the payment and reference number as seen below.
  • 5. You have to mark the payment as received if you received the payment from depositor.
  • 6. You can raise a problem if you don’t receive the payment.

What is Boost in P2P?
  • Sometime you don’t have time to wait for your match to happen so to solve this problem we’ve brought the boost feature which you can use while creating your deposit/withdrawal request.
  • More the boost amount, faster will be your match.
  • Minimum boost amount is 10 INR and Maximum is 1000 INR.


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