In this post I am going to tell you about two websites from which Indian Crypto investors can withdraw their money from any exchange or any wallet having their crypto assets in the form of fiat currency (INR). As of now the condition in India is that the sending and withdrawal of fiat currency (INR) from the exchanges like Zebpay , Unocoin, Koinex and some others will been suspended as mentioned in the circular from RBI. This change will be applied from 5th of July. A case against this decision of RBI has been filed in the Supreme Court. Next hearing of the case is on 18th July, till then the sending and withdrawal of fiat currency will be suspended. According to me and several other market analysts there are very much chances that the decision of the supreme court will be in the favour of the exchanges.
But somehow in the worst conditions if the suspension continues then these methods will help the investors to withdraw their money safely and legally to their Indian bank accounts by paying some nominal fees.
First website I am going to tell is Skrill, in this website you can make your account and can withdraw your money safely and legally.
Steps included in the process of withdrawal of money:
1- First you have to create the account this website.
2- After that you can deposit your money from the exchanges to this website in the form of bitcoins , yes this website takes bitcoins from you and gives you fiat currency in your wallet.
3- In depositing bitcoin they will charge you 1% fees.
For depositing bitcoin:
1- Click on the deposit tab and after that click on bitcoin.
2- After that you have to enter the amount you want to withdraw from Skrill.
3- After entering the amount they will tell that how much bitcoin you have to send.
4- Once done they will provide a bitcoin address to which you to send your bitcoin.
5- Once sent, the amount in your fiat currency will be reflected in your account.
For withdrawal :
1- For taking withdrawal of the money in your bank account first you have to add a card (Visa or Mastercard) or bank account to your Skrill account.
2- After that you can click on the withdraw tab and fill the amount you want to withdraw present in your Skrill account you want to withdraw.
3- After that as your precedes, you will get the amount in your bank account in the time specified by them.
------------>
Second website I am going to tell is Neteller, this website functions same as Skrill. In this website first you have to create a account and after that you have to deposit your funds in the form of bitcoin to the Neteller account and after that you have to link your bank accounts or card which ever you want and then you can take withdrawal.
For depositing the money you have to click on the Money In tab and for withdrawal you have to click on the Money Out tab and rest of the steps are similar to Skrill.
NOTE: The complete verification of your Skrill or Neteller account is done after you fund your account for the first time, then you will be able to increase the limit of your account and verify by using your identities.
Secondally they will also charge some amount on the withdrawal of the fiat currency based on the amount to be withdrawn, this amount will be told by them at the time of withdrawal. Don't worry this would not be a big amount, its very nominal.
I hope this post will help all the Indian crypto investors and give them some relief from the decision of RBI. Till then hope for the best decision by the supreme court and support the crypto community and don't sell your assets in loss.
------->https://account.skrill.com/signup?rid=102839500
------->https://www.neteller.com/en
For any further query comment below.
Thank You and keep Supporting