Last night a notification went out to all Bitbns App users, “Instant Withdrawals are now Live”. So we attempted it to see if they are actually instant or is there a Caveat. Late Comers Bitbns is one of the few exchanges in the list which does did not offer instant or fast withdrawal. In fact, on certain occasions it took over three days to receive INR in bank accounts. They…
Posts tagged as “crypto exchange”
After the favourable judgment by the Supreme Court quashing RBI’s Banking Ban, the crypto exchanges in India are leaving no stone unturned to improve the services for their users. Pocketbits, one of India’s only closed order-book exchange currently operational, announced last week a feature that satisfies the ever growing need of Instant gratification. The exchange now offers instant INR deposits. Although the withdrawals are currently being processed within 24 hours,…
In a bid to ease Crypto trading for users, Indian Cryptocurrency exchange Giottus announced its support for adding multiple bank accounts for INR deposits and withdrawals last week. Indian cryptocurrency exchanges follow varied rules and protocols for self regulation, some exchanges put extra effort to ensure bank accounts of users are verified and cannot be misused. However, many exchanges only support INR deposits and withdrawals to and from the exchange…
CoinBreze offers INR deposits and withdrawals without KYC upto INR 100,000/- and Zero trading fee. The only pair for INR currently is BTC, rest of the exchange is Crypto-to-crypto. A new entry into the crowded space of Crypto Exchanges is a portal called CoinBreze. The exchange, while not new, but is now trying to woo customers by providing free INR deposits and withdrawals and free trading. But is it worth…
Essentially after the Supreme Court Judgment it appears, there is still need to develop more technical literature on the subject matter and therein lies an open opportunity to reBuild, reEducate, reIgnite, reMeet, reLearn from the previous experiences of successes and failures and build a more robust and engaging environment for non traders to enter, student to experience and tech enthusiasts to build in this Industry. The 2 year long skeptical…
A lot of stress is going around in the Indian crypto space lately, mainly due to lack of proper communication from the government. Also, due to negative news about the possible ban. Before jumping directly on to the technical part of building and managing a crypto currency exchange in India, one must understand the actual regulatory stress for the founders of such a business. We must not forget that in…