Yes guys, we can buy and sell BTC in INR after 6th July. It does not matter RBI ban will continue or not.
Now WazirX will start Peer to Peer trading after 6th July like Local bitcoin website.
Here buyer and seller both are listed like currently we have in different exchanges like WazirX , Zebpay.
when you want to buy BTC in INR you just need to make an order there and you will get multiple seller there with different price then you have to choose seller as per your requirement and create an order there.
Seller will accept your order and you will get notification to deposit the amount in his/her account.
Now most important question here is " what if I deposited INR and seller not send the BTC into my wallet"
So guys no issue there whenever seller gets the order of selling BTC, WazirX will escrows the BTC of seller which equals to order for safekeeping during the transaction.
It means exchange keep his (SELLER) BTC till whenever seller not confirmed that he gets money and after that exchange will release BTC in your( Buyer) BTC wallet.
Its really simple and secure.
Now wait till 3rd July what court decide about future of crypto in India.
But at least we have new genuine option to buy and sell BTC in India.
Thanks guys I hope you like this Information if you have any doubt you can ask me.
I am looking for your support here.......................
MGSC