India: Unocoin Disables INR Deposit & Withdrawals

in india •  last year 

Unocoin is one of the top exchanges in India and has been around for a while now. However it seems they've finally succumbed and shut down INR deposits and INR withdrawals temporarily.

This means they can bring it back up again in the future. At this point it is unclear how Unocoin was able to keep their deposits and withdrawals working for this long or if when they will bring it back online.

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If you are looking for a way to enter and exit the cryptocurrency market India you still have a few choices. You can consider any of the following: Instashift, Giottus, WazirX, Koinex, Localbitcoins and any other platform offering exchange facilities or P2P modules.

A handful of exchanges such as Giottus for example seem to have their bank accounts functional which leads me to believe that some banks are rendering services to these exchanges. But other exchanges might be playing it safe by discontinuing deposits and withdrawals in order to prevent escalation.

Have you been using any P2P service from India lately. How has your experience been so far?

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Localbitcoins is just fine, i withdraw in paytm....

this is bad but there is still hope in future ..

I have never heard that coin before but i am sure it would make sense

It's not a coin but an exchange, had you read the post you'd know ;)

  ·  last year Reveal Comment

we are waiting to hear a good reslult.. not yet withdrawn any👍

The future is such a bright one for everyone..thanks for shwowing us thus @firepower

I am using zebpay for exchanges , never tried after the ban

I sincerely hope that Unocoin Deposit and withdrawal will start very soon.....Wazir X can be India's number one crypto currency exchange in the coming time because it also has a p2p feature & they are working very well.... and they've just added wrx mining facility by which people can earn more WRX coin by trading.

  ·  last year (edited)

Hi @firepower,

Have you made any withdrawal after unocoin disabled INR deposit and withdrawal? Because I have account only with unocoin. Are there any other exchanges in india that are still functional? If not, then what to do next to get my amount to bank account?