Coindelta is cryptocurrency exchange from India. It has been a successful entrant in this space who is also challenging the ban from RBI. In order to allow investors from India to continue using cryptocurrencies they have launched 'Coindelta Flux,' a peer to peer network of traders and investors.
This will allow you you to continue exchanging digital currencies for INR. Some of the salient features of the P2P systems are as follows:
- All your favourite payment methods such as NEFT, IMPS, e-wallets, UPI
- Buyers will be able to send money directly to Sellers
- Flux will provide digital wallets to store your assets safely
- In the beginning, you will be able to trade BTC, ETH, XRP, and USDT>
- A faster dispute system powered by technology
- A robust feedback and rating system to avoid bad actors
As per their recent blog their deposits and withdrawals are apparently working fine. I haven't tried it myself but if anyone here does it please let me know.
Coindelta Flux will focus on improving liquidity to improve user and trading experience on their platform. Flux will be integrated into Coindelta platform allowing seamless transactions.
It's great that now we have many options for entering and exiting the world of cryptocurrencies from India.
I encourage you to read this post if you are unclear about the status of cryptocurrencies and RBI's ban in India.
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