Top P2P Cryptocurrency Exchanges INDIANs Can Use To Counter RBI's Crypto Ban

in #bitcoin6 years ago

Thanks to one of the most pathetic decision taken by RBI to ban the cryptocurrency related banking services in India, from June 6, no bank will support any transaction between crypto exchanges and the users. This news affected the market worldwide in a negative manner. Amount of people taking out their investments have grown, even though there is a sheer rise of people talking about it. That's the only positive sign I could figure out in this series of events.

RBI Ban p2p.png

I have been following all the updates from @firepower's blog who is an amazing and noteworthy Steemian from India. He is also one of the early investors on Steem and a witness, involved in several Projects. You can have a look at the latest update on this case here: Supreme Court of India Refuses Stay on RBI's Circular—Banking Services Ban Remains.

This chain of events brought the investment and no. of transactions to a less number but not standstill. No. of users registering on the trading exchanges have been halved. As they cannot operate without local bank support, Indian users are looking for other unconventional ways to buy and sell their beloved concurrency - BITCOIN. Let's find out some of the best Peer-To-Peer Exchanges or shops where you can trade crypto with various payment methods:

p2p.png

I hope now you have a clear idea on which exchange you can explore to get your dosage or sell your own to others. Sellers can also make profits by selling BTCs to a higher price if they have bought it for cheap through any other medium. Please have a look at these and do not worry about your cryptocurrency investments anymore. Government can go to hell with its stupid policies. :)

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Very good @hungryhustle to this post. This is good information that we can trade without exchange.
Keep sharing.

Thank you so much @mehta. Most probably RBI is going to lift the ban or extend the last date. Fingers Crossed

This was a much needed post when all the Indians are under FUD @hungryhustle!
Have you verified these sources?

Hey bro, I have used only Localbitcoins to buy Bitcoins as it one of the oldest services among all these. XCoins is also very old and established but never used it. Paxful and Instashift are quite new and getting famous. They have some smooth features and flexibility to buy with several payment options. I am sure people are going to resort to these options if we do not see any lift on the ban.

Must admit i knew none of these websites except localbitcoins. I always knew there will be some work around. The only problem is they are charging premium for the bitcoin. I know after 5th july we won't be able to buy bitcoin through exchanges. Thus i was in a hurry to buy some. Now that i know these other methods i can now buy when ever i can.

Cheers bro. I am glad that this post helped you. :-) Cheers!

Very good content!

Very bad comment!

hello sir i wanna ask something @hungryhustle

Sure. Please ask @khushbakht. Happy to help!

i wanna ask some information about steemit @hungryhustle

Yes please. Ask me anything. :/

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