Hi friends,
Every one want to know what happens if RBI ban cryptos transaction in INR in INDIA. after 5 july 18. How to get INR after RBI'S ban. Then don't worry WAZIRX exchance in INDIA has only one solution to get INR till now.
WAZIRX is Revealing the most legal way to buy/sell cryptos in India after the RBI Ban.
Introducing P2P Transfer on a crypto exchange.
In Peer-to-Peer transfer, you can buy and sell crypto for INR directly with each other without any hassle. It’s a glimpse into the decentralized future.
How does it work?
In a trade, there’s always a buyer and a seller involved. In P2P, the buyer and seller can deal with each other directly while WazirX acts as an escrow account for holding the cryptos during the transaction so that neither party cheats the other. Here’s how it works:
1.WazirX connects the person looking to buy crypto for INR with someone who’s looking to sell crypto for INR.
- The seller deposits the crypto with WazirX
- WazirX escrows the crypto for safekeeping during the transaction.
- The buyer pays INR to the seller.
- WazirX releases the crypto to the buyer as soon we get a confirmation from the seller.
But How it safe for us ? :-
According to Nischal Shetty, CEO — WazirX
We verify the KYC details of every user before allowing them to trade on WazirX, and keep a record of each and every transaction that occurs on our exchange. Hence, you don’t need to worry about the legitimacy of the person you’re transacting with — it’s all taken care of! Moreover, P2P is perhaps, the safest and most legal way to cash in/cash out of cryptos in India. Once you cash in, you can trade in crypto-pairs like a boss, then cash out with ease...
source:- credit goes to WAZIRX exchange, other news papers and youtubers.
Then friends what you think about cryptos transaction in india if RBI ban cryptos transaction in INR.?
So please share your views..
thanks
Rameshwar singh
steemit blogger.
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