BTC Ban in India, How to cashout?
Hi all,
RBI has informed banks to not to provide services to Indian crypto exchanges.
Just this is the issue, you can still cashout from BTC via P2P transactions. Many Exchange has already started it.
My recommend P2P Exchange site is : https://paxful.com/roots/buy-bitcoin/index?affiliate=gKmQAPrrkVA
Because from above site you can take Payout in bank, paytm, IMPS, UPI and many more options.
I have used the above site many times to convert my Skrill money to BTC and then BTC to INR.
Hope this site will help you all.
Thanks and Regards
Wajirx has started p2p so no need to worry
There are many Indian exchanges which had started P2P. Thats good news for all of us.
Great and useful information have a look at my post also upvote and comment on my post so
Yaa sure I will do that
Thnx
Welcome
Hi bro BTC is not fully ban in india and your information is also true we can use p2p transaction for selling or buying bitcoin.
I know its not ban but people think that its ban so I used the word in the post so maximum people see the post and know there are many options available to use and get payments.
It is news not good for crypto invester.keep support me.
Why it’s not good. Crypto investors were investing in crypto when there was no exchanges in India. RBI has just told banks not to support exchanges but P2P is open for all which saves your tax also.
I have one doubt when your transaction followed by income tax department then this will not count as punishable offence friend.?
Say if you cashout money which is easily traceable then it’s a trouble even if the source is genuine or other than bitcoin. My suggestion is withdraw little by little and don’t withdraw in bulk and in P2P Trading you can say that the person which has send money is my friend and it’s our mutual understanding.
Thanks
Welcome
Great article and p2p better option right now
Yes it is better option and i was using it since long to convert skrill money to bitcoin and then bitcoin to INR.
Congratulations @akkibomb007! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Quarter Finals - Day 1
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Now we are doing p2p trading. This is best way to do trading in india
Yaa it’s a better way
I use local Bitcoin .com website to transfer and withdrawal
Yes it’s also good option and old option