Whomever has clicked on this post is well aware of the fact that this going to be a roller coaster ride for everyone out there who are engaged in crypto trading in India. That is all together a different debate whether it should get banned or not. We can have that discussion in some other posts or may be we can share our views in the comments down below. But if the cryptos get banned it means all the banks under RBI (means all Indian banks) will stop every transaction with every Exchange dealing in Fiat to Crypto trade. Major Indian Exchanges like Zebpay, Koinex, Bitbns, WazirX will no longer be able to receive or send the INR Funds to the Bank accounts. But it doesn't mean the Exchanges stop working. The exchanges will be operable and you can do Crypto to Crypto Trading. For Example if you have BTC on Zebpya then you can buy Ripple with it and also send Cryptos from one Exchange to another.
But the big question is HOW TO TRADE CRYPTO WITH INR IF COURT BAN IT. Well..!! this post is going to help you with that.
Here i am going to tell you 2 ways in by which you will always be able to trade cryptos with INR:
- Neteller - https://www.neteller.com
- Skrill- https://www.skrill.com/en
All you have to do is login to any of them and get your KYC done. It will be much better if you do it immediately because KYC process may take some time. Also if Govt. will ban all the banks then there will be a huge load on these websites and they can stop KYC processes. So it is much better to be a early bird and get registered at the first place.
Let me know if this post is helpful for you guys and ask me if you are not able to don KYC or need any other support. It will be great if you upvote, comment and follow me if you like my post. It will be highly appreciated.