Current Status Of Deposit and Withdrawal in Indian Cryptocurrency Exchanges
Few Indian cryptocurrency exchanges are continuing to operate as they have received an extension on their banking services from their respective banks. Coindelta is the latest exchange that stopped deposits today and soon their withdrawals will be suspended as well.
Some of these exchanges have been able to carry forward their operations. Top exchanges with large volumes have had their bank accounts suspended.
Friends over at CoinCrunch have a list they've put together which is updated on a daily basis and you can check it out here
Please be aware of all your options to trade in and out of cryptocurrencies. Please inform your friends who are interested in this sector to not pack their bags and runaway just because of the FUD resulting from RBI's mandate.
Many P2P options are coming our way and things will improve from here on gradually.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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You do have FUD, not just from people using exchanges but from banking industry. When they eliminated larger bills last year it caused this same form of panic. They cannot stop crypto they can only slow it down, its like a freight train. I believe we are going to see more and more of this control because they are afraid of losing there control!
Resteemed!!
You've said it all bro. They can only slow crypto down but they can't stop. You can follow @Weckertrade for daily crypto update and tips on how to make profit from trading.
Wow,great information .Slowly we are in the road of progress,everything will be alright in near future.We should hold and wait for our bright future.You are always fantastic to provied us great news.Thanks dear.
Things will improve regardless of the current bear market. India is set for greater heights than the rest because they are dealing with challenges today that others will only face tomorrow.
The exchanges have shown a great deal of resilience and transparency during this period and I think it means that they intend to stay here for a while. We need to keep in the mind the idea of 'Anti-fragility'. Every challenge faced will make this thing only stronger.
Thanks for sharing all this information and I for one admire your dedication to the cause and following this particular development with such precise clarity.
Excellent and very well structured your information through the uses of the right tools.
Excellent compilation
Thank you dear @firepower for this valuable information. I thought every exchange has stopped INR deposit and withdrawal. Some are still working, which is a good thing. I hope this matter will be resolved soon in the favor of Indian crypto users.
@firepower But Sir WazirX to deposit, withdrawal P2p, Thank you very much from all of us, you have done very well analyzed, now details of India 🇮🇳 cryptocurrency exchanges, No exchange live, no exchange stop ,,, deposit, withdrawal, again and thanks
PayFair is supposed to be releasing their update today that will integrate BTC into their escrow platform. If they end up getting some decent volume it could be a place for citizens from India to transact crypto without needing any KYC.
It is good if zebpay starts exchanges again
Today I have heard a news about crypto ban that cryptocurrencies would be considered as commodities in India.