Suggestion! Access Banned International Exchanges with VPNs that Accepts Crypto.

[pakhitheboss]

After the URL ban and mobile application ban of some of the most used International exchanges by the Indian government. The question that comes up in our mind is when this blanket ban will be removed. Is the government trying to ban Bitcoin and altcoin trading? What options do we have to access these international exchanges?

There are so many questions that you might have in your mind about the current situation. I won't be able to answer any of them in this post. However, I can suggest an alternative way for you to access international exchanges on your desktop or laptop. I am not sure about mobile devices as they are a big privacy threat even if you add a VPN. The reason is that all of us are not so smart in stopping apps from accessing our location.

If you want to ensure your online privacy and security while using VPNs, it's better to avoid paying subscription amounts using your debit/credit card. This is because the government can still track your payment, compromising your privacy. Instead, you can opt for VPNs that accept Bitcoin or other cryptocurrencies/stablecoins. This will allow you to access these exchanges more securely and conveniently.

To help remind all of us here which international exchanges are banned, I am listing the names of those exchanges below.

List of Exchanges that are shadow banned:

• Binance
• Kucoin
• Huobi
• Kraken
• Gate.io
• Bittrex
• Bitstamp
• MEXC Global
• Bitfinex

List of VPNs that accept Bitcoin or altcoins/stablecoins

• NordVPN
• Surfshark
• ExpressVPN
• CyberGhost
• Private Internet Access (PIA)

There are different ways to achieve online privacy, and some people might suggest using the TOR browser instead of VPNs. However, it's important to understand that the TOR browser will slow down your internet browsing speed, which can be a significant inconvenience if you need to engage in online trading activities. On the other hand, VPNs provide a fast and secure connection, but they usually require users to pay for their services.

I have personally used two VPN services, namely Nord and Express. In terms of providing a secure, hidden, and anonymous connection, both of them have proven to be excellent. I want to clarify that I have not received any payment from either of these companies for writing this post. If you have used any other VPN service, please feel free to share your experience by replying below.

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[avikz]

I will honestly suggest my fellow Indian forum members not to indulge in illegal activities. It won't be long before the law enforcement agencies find that out and start the legal proceedings against you. So I would suggest to stick to the Indian exchanges and pay taxes honestly. This is my way of doing things though. It may not appeal to a lot of other people.

But don't make the mistake to think that Indian law enforcement agencies are not smart enough.

[pakhitheboss]

I will honestly suggest my fellow Indian forum members not to indulge in illegal activities. It won't be long before the law enforcement agencies find that out and start the legal proceedings against you. So I would suggest to stick to the Indian exchanges and pay taxes honestly. This is my way of doing things though. It may not appeal to a lot of other people.

But don't make the mistake to think that Indian law enforcement agencies are not smart enough.

It is just a suggestion, do not take it so seriously as many will not walk on the path you suggested. BTW, it is evident now that the government does not care and will not understand our problem as a community. There are discussions on some popular subreddits to find international exchanges that are not on the list of government bans.

These old/new investors venture into a new exchange for investment or would fall into the trap of local scams. As the bull market has already started, they would again become a victim of scammers and to avoid that I have come up with this list. If you want to take ownership of the present issue then go ahead and ask the government to remove the ban. If not then suggest the Indian community with alternatives otherwise we will hear more of scams related to exchanges in the coming months.

[avikz]

It is quite unfortunate that Indian government had decided to ban couple of international crypto exchanges. I do agree with you that many traders will not still use the Indian exchanges but rather look for alternatives.

I understand your good intention. But please also understand why I have written this. Your list should not encourage people to take different routes to evade the government ban. Things are very different at South block and you can anytime expect a full blown attack on Indian crypto community. Indian government is slowly tightening the rope.

[Bitcoin Smith]

I am not fan of using centralized exchanges for very long time so this URL ban didn't affect me at all in any way, but people who trade altcoins has to find a way to avoid taxes not to evade and that is why we have seen an exchange named Pi42 for futures that avoid taxation.

I believe p2p is the best possible alternative as of now than using centralized exchange because if we deposit or withdraw fiat from exchange it will connect our account and government will certainly know what we are doing with the money, so VPN just bypasses the access of site, but it doesn't safeguard money trail.

While this list can be useful for someone who trade crypto to crypto and doesn't cash out their crypto in INR.

[Bureau]

If anyone is interested in using a CEX that is not banned then try Bybit exchange. It has good trading pairs and also decent volume. It doesn't allow trading without passing KYC which is an issue if someone here hates KYC. Another alternative is dYdX which is a DEX that to has good pairs and decent volume for trading. KYC is not required as you need to connect your wallet for trading. For P2P if anyone is interested in converting crypto to INR there are DEX like localmonero that have good merchants who don't scam users.

[pakhitheboss]

I am not fan of using centralized exchanges for very long time so this URL ban didn't affect me at all in any way, but people who trade altcoins has to find a way to avoid taxes not to evade and that is why we have seen an exchange named Pi42 for futures that avoid taxation.

I believe p2p is the best possible alternative as of now than using centralized exchange because if we deposit or withdraw fiat from exchange it will connect our account and government will certainly know what we are doing with the money, so VPN just bypasses the access of site, but it doesn't safeguard money trail.

While this list can be useful for someone who trade crypto to crypto and doesn't cash out their crypto in INR.

you cannot trade on a DEX as comfortably as you can do it on a CEX. I have previously traded on pancakeswap and I was not able to make a trade comfortably as I was able to do it on Binance. The sole reason of me using a CEX is not for converting crypto to fiat but for trading. I do not use International exchanges for converting my profits to INR, I still use a local exchange to do it.

If anyone is interested in using a CEX that is not banned then try Bybit exchange. It has good trading pairs and also decent volume. It doesn't allow trading without passing KYC which is an issue if someone here hates KYC. Another alternative is dYdX which is a DEX that to has good pairs and decent volume for trading. KYC is not required as you need to connect your wallet for trading. For P2P if anyone is interested in converting crypto to INR there are DEX like localmonero that have good merchants who don't scam users.

I once thought of using Bybit exchange but the problem is that it does require a user to go through KYC first. I have already done it with Binance and I am not interested in doing it again with another exchange. I am hearing dYdX for the first time and I will take a look if it is worth it for local Monero I am aware of it.

[Bitcoin Smith]

I am not fan of using centralized exchanges for very long time so this URL ban didn't affect me at all in any way, but people who trade altcoins has to find a way to avoid taxes not to evade and that is why we have seen an exchange named Pi42 for futures that avoid taxation.

I believe p2p is the best possible alternative as of now than using centralized exchange because if we deposit or withdraw fiat from exchange it will connect our account and government will certainly know what we are doing with the money, so VPN just bypasses the access of site, but it doesn't safeguard money trail.

While this list can be useful for someone who trade crypto to crypto and doesn't cash out their crypto in INR.

you cannot trade on a DEX as comfortably as you can do it on a CEX. I have previously traded on pancakeswap and I was not able to make a trade comfortably as I was able to do it on Binance. The sole reason of me using a CEX is not for converting crypto to fiat but for trading. I do not use International exchanges for converting my profits to INR, I still use a local exchange to do it.

DEX is expensive in terms of fees, low liquidity that is why centralized exchanges beat everything when it comes to convenience. And if your going to trade only altcoins then you are supposed not to pay any taxes that means we are not violating the taxation but we have to be careful if exchange prohibits using from banned jurisdiction then our account will be under risk all the time.

[TheUltraElite]

DEX is expensive in terms of fees, low liquidity that is why centralized exchanges beat everything when it comes to convenience. And if your going to trade only altcoins then you are supposed not to pay any taxes that means we are not violating the taxation but we have to be careful if exchange prohibits using from banned jurisdiction then our account will be under risk all the time.

You eventually have to go through the conversion of the altcoins into INR and when you do that you get the taxation slapped on your face like a
fresh tomato, which you now have to wipe off, apart from eating it.

I say, there is no clean method to evade the tax, so dont try to evade it. Pay it and continue with crypto as you would. At present we dont have any better option.

[Bureau]

^ You are missing the point, when an Indian trader is using an international exchange for trading he is not paying 1% TDS. Whereas when the trader uses a local exchange he has to pay TDS and capital gain tax. TDS is applicable for all transactions made that can be for buying crypto with crypto or crypto to INR vice versa. To save themselves from this stupid TDS traders shifted to International exchanges. When they want to convert thier crypto to INR they started using P2P service on international CEX. The main purpose was to skip the TDS, which after the shadow ban looks difficult.

[pakhitheboss]

Recently, I came across a few topics on the internet as well as a few news from our western neighborhood. It seems that there is technology available that can block VPNs from doing their jobs. It sounds extreme in the first and questionable as I felt the same then it is possible. Why there may be organizations that are doing their work to help countries that have issues with privacy?

The biggest example is China, nothing can be hidden and nothing can be accessed in China online unless the CCP approves it. I don't think this thread would be any relevant considering if our neighbors, struggling economy can do it then our government would have already done that. Please do remember after we banned VPNs our neighbour on the west side did the same.

After hearing your replies, I think it would be better for me to lock this thread.

[Bitcoin Smith]

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Only very few countries managed to keep the VPN blocked forever as you said in China government censored everything and also they used every possible way to counteract VPN users like DPI and IP blocking while India not evolved that much technically to be honest may not achieve the same success rate as China.

But they can collect the user data from the VPN providers by forcing them and in the past it happened with the help of US federal agencies so bypassing the restrictions can be identified too.

[kentrolla]

Highly appreciate the fact that you have taken some time out to research, consolidate and share this for benefit of the community but yes it would be risky at one point because Indian agencies are too smart and the major challenge will be justifying about the amount which we would be withdrawing to our bank account. But if trading is someone's main source of income they might have to take this risk in order for their survival or move to a more crypto friendly nations if they have got enough funds. But, how long we will be running away and what if other countries adapt similar stances? I think we don't have much option as either continue trading with these VPNs and exchanges or else invest and leave it for a while expecting the government to reverse it's decision.   

[Bureau]

I searched Google to check which countries have banned VPNs and restricted it's access and found all of these countries have authoritarian regimes. India is a democratic country and the government if it does the unbelievable then the citizens of our nation can challenge it in court. I doubt the government of India will use such tactics. They have bigger internal challenges to handle. Their best option will be to stop the internet service, they have done that numerous times and in multiple states. I doubt they will interested in checking VPN activities.

[TheUltraElite]

I doubt they will interested in checking VPN activities.

Maybe not yet, but you have to remember that even mixers get seized and although we are not in the level that FBI is going to investigate, we might reach to that level in the coming years.

I expect the upcoming budget to make things a big clear about cryptocurrencies, apart from other things. This shadow ban is distressing for many and the current bullish move could not be taken advantage of by many due to such suddenly applied restrictions.

[pakhitheboss]

The way things are I doubt there will be any changes to the tax structure. What I think is the government going with the same tax structure but higher strict regulations. Ultimately they would force us to use local exchanges for every trade. The point is why a trader would use an exchange which is charging TDS for every transaction made. I am sure there would be option available for everyone if this shadow ban continues.

[Bureau]

I don't think anyone here would require VPN. Yesterday, I got a notification from Binance app to upgrade to the new version. When I clicked on update it took me to blank page of my mobile  browser where I was asked by the browser whether I want to download the APK file. I selected yes that led to the download and next installation of the file. After it was done I opened up the Binance app and it was working normal. I did check after everything whether my app was updated or not and it got updated. I think there won't be any issues with other exchange app if we can download the APK file from their website in case the app needs to be updated to the latest version.

[pawanjain]

I don't think anyone here would require VPN. Yesterday, I got a notification from Binance app to upgrade to the new version. When I clicked on update it took me to blank page of my mobile  browser where I was asked by the browser whether I want to download the APK file. I selected yes that led to the download and next installation of the file. After it was done I opened up the Binance app and it was working normal. I did check after everything whether my app was updated or not and it got updated. I think there won't be any issues with other exchange app if we can download the APK file from their website in case the app needs to be updated to the latest version.

Using app on mobile phone is the best way to use binance for the time being. Good that I have the app installed on my phone already.
For people who don't have the mobile app installed, they will just have to access the binance site using VPN and then download the mobile app from their site.
One thing I noticed is, we don't have the option to select India when we try to login using our phone number.
So we have to enter the country +91 manually followed by our phone number to login to binance.

[Bitcoin Smith]

I don't think anyone here would require VPN. Yesterday, I got a notification from Binance app to upgrade to the new version. When I clicked on update it took me to blank page of my mobile  browser where I was asked by the browser whether I want to download the APK file. I selected yes that led to the download and next installation of the file. After it was done I opened up the Binance app and it was working normal. I did check after everything whether my app was updated or not and it got updated. I think there won't be any issues with other exchange app if we can download the APK file from their website in case the app needs to be updated to the latest version.

Since the app not available on Play Store they bypassed update via app itself which will work as usual until government announces another warning or ban their servers too and can completely shutdown the app because Indian government did that to many Chinese apps in the past few years.

As said previously, using Binance now is a risk but if it's worth that 1%TDS then continue using it.

[Bureau]

I don't think anyone here would require VPN. Yesterday, I got a notification from Binance app to upgrade to the new version. When I clicked on update it took me to blank page of my mobile  browser where I was asked by the browser whether I want to download the APK file. I selected yes that led to the download and next installation of the file. After it was done I opened up the Binance app and it was working normal. I did check after everything whether my app was updated or not and it got updated. I think there won't be any issues with other exchange app if we can download the APK file from their website in case the app needs to be updated to the latest version.

Since the app not available on Play Store they bypassed update via app itself which will work as usual until government announces another warning or ban their servers too and can completely shutdown the app because Indian government did that to many Chinese apps in the past few years.

As said previously, using Binance now is a risk but if it's worth that 1%TDS then continue using it.

I know the risk and I do understand how they are doing it but it is better than local exchanges. The amount of discrepancy with INR pair these exchanges have is unbelievable. TDS is one of the factors which still makes me trade on Binance. I am not a day trader so it doesn't affect me if Binance gets cancelled completely. I don't hold mry funds on exchange wallet, I only use the exchange to buy altcoins then transfer them to my self custody wallet.