Bitcoin Forum

Hello, friend i also interested in crypto, reasearch on it last 2 year but i a scared about what decision govt. take ban or not? It's not easy to trade in it without permission.

you suggestion please i am confuse ::) ::) ::)

This is temprory ban,so dont worry if you are interested in crypto trade start to trade,start with small amount.

If the Indian government chooses to ban crypt rights. But I do not see the possibility of doing this. Because it is temporarily held for 3 months. https://bitcointalk.org/index.php?topic=4626027.0
Many have made the same comment when giving opinions
The cointelegraph has been said to be clear "India May Not Ban Cryptocurrencies, But Treat Them as Commodities" (https://cointelegraph.com/news/report-india-may-not-ban-cryptocurrencies-but-treat-them-as-commodities)

Hello Swati there is no need to be panic, We know this is the most shit decision ever made by Indian Government, there are still way out from this. With the recent announcement by Unocoin they are on the work of making p2p (peer 2 peer ) crypto exchange, a exchange which can't be controlled by the centralized entity. There are others too outside like Ramitano , Local bitcoin. Remitano is the most highest preferred p2p crypto exchange as if right now.

No worry ! enjoy trading untill September Date for Final Cryptocurrency Petition Hearing  8)

Trading are not banned in india, You can do crypto to crypto trading but you cannot convert your cryptocurrency directly from cryptocurrency exchanges as they rely on the bank as per the RBI Guidelines. Hearing is still going on the same hope we will get same useful news instead of Tarikh pe tarikh ;D ;D. By the way you can use P2P trading on the WazirX exchange or there are some exchanges which also have P2P services.

You want to do trading So you can do it on any International Exchange  To start with little amount

Yes can buy Btc from Localbitcoin and trade it for other cryptos in International exchanges like Binance,crex24,bitrex.

First of all, nobody can stop you from trading crypto.
If you think you need permit to trade in crypto, I believe you've been misguided. Even after RBI's decision, people still trade crypto as exchanges have shifted their trading to P2P style as well as they shifted their bases itself outside India. If you want to trade, you can buy TUSD (which is pegged to USD, meaning it will always remain $1 per coin) using INR and then, get bitcoins immediately and trade them at any exchange (e.g.; binance).
For anonymity purpose, you can use VPN and show different country while surfing such exchanges, so to keep your side safe. If you think government can stop you from trading or buying/selling crypto, you haven't understood the concept of crypto yet.

The best thing for the permanent solution is that choose a country where the crypto has being legally accepted and you can go in that country and start your own business if trading and helping the investing other people money as well.

Matter between Indian exchanges and RBI is in Supreme Court and September 11, 2018 was the day for final verdict but that was postpone for 12th September and then 13th September.After that there is no news what happen next.You can trade peer to peer or crypto to crypto. I read few news that RBI and SEBI are digging deep about crypto market and they formed separate cells for that and they are planning for future.Just invest only that amount of money which you can hold for long or afford to loss.

Even RBI morons like the blockchain technology & do not ban them completely . They want banks to not get involved in cryptocurrencies as they consider it as an asset & not a currency . The matter has been on hearing since ages , our legal structure is awful . I will die with bitcoin lol .

Coming directly to answer of the question. After RBI regulation, several cryptocurrency exchanges stopped their operations while other found a way to buy or sell cryptocurrencies and is legit way.

Previously, I was using Unocoin, Zebpay, Koinex, Bitbns. They all are good having instant withdrawals and deposits. But now, Zebpay closed its exchange. Unocoin is good but is more complex while they can do much better in terms of User experience and automation but still a lot to do.

Now, as these exchange stopped directly working with banks. They started P2P trading. P2P is Peer to Peer trading in which, buyer are directly dealing with sellers and exchanges are just for finding and providing right buyer to right seller.
Currently, you can use Koinex, WazirX and Unocoin to sell or purchase any cryptocurrency in India. I think it is safe according to me.

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