Are you Indian??
You answering yes, wooow thats great....
I am also Indian and proud to be a citizen of India.
Next question arrived in my mind,ok lets ask you.....
Are you cryptocurrency trader, buyer, seller, holder in india.
Obviously i know your reaction dear
Sorry but same here.
Proud to be an indian no doubt about it but thats also true that, I want to see india as an developing and revolutionary country.
As per RBI circular we all indians Crypto lovers facing problem which is simply defined as,,, we never can exchange our INR with Bitcoin via any involvment of bank...
We all wait and hope supreme court should be taking positive decision regarding this situation
But this situation remained same, and recently 5 july was last date to deal with virtual currency through our bank account.
Now come to the word CONFUSION. Let see Confusion here. The First of all Government and RBI has been confused, this confusion bring that kind of decision, now the confusion started with virtual currency holders, they are confused " what I Do, hold it, sell it or purchase more....
The confusion arises with exchanges,," what we do,, shift to another country or bring some another way for transaction".some exchanges find solution that we providing serverice as p2p
Where you can Trade virtual currency such as traded on Localbitcoin.Com
Again we buyer and seller are confused but this confusion was the mixture of some happyness and full of hope.But the confusion is that if virtual currency cant be traded by using banks so there is also use bank for trade.
But, if we remove that negative point We will be seen that, its a hope,, This hope is again charged every crypto lover.
On 10 July at 3 PM, An exchange wazirX introduces its P2P platform, its become a first exchange who has got such step, thats nice and great, so simply you can sign up with this exchange and if you have already acount then enjoy this platform.
Come to the process of P2P on wazirX,
- They lists USDT (Theter) on exchange, as you know USDT which is completly backed with USD thats why USDT has no any flactuation, its price has constant.
- They introduce P2P platform on their new app update.
- You cant deposite directly INR into your Account, first you have to go p2 p option, here u have to put buy or sell only USDT, exchange will receive your buying / selling order and matching with respective person.
- After match you get detail of that person's Bank account.
5.you have to pay to that person within 1 hour through your Bank account. - And after the step of confirmation of payment order has been executed.
7.And after few moment you will see USDT into your account then you can convert it into any of crypto currency you want which is listed on wazirX. - For sell, you have to follow same step on sell option.First convert your coin into USDT then put sell order.
Hope this should be work, I like to thank whole team of wazirX as they bring us such a platform where those who was still in panic situation, they getting releif.
Whole detail You can check here see the link below:
https://medium.com/wazirx/wazirx-p2p-arrives-today-135d928a0d72
Join WazirX see the link below:
https://wazirx.com/#/invite/2runv
(Image via wazirX official site)