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Posts tagged as “crypto trading”

First Impression: Coinswitch Kuber Might just be the Fastest Way to Buy Many Crypto Assets

With KYC completion in Five minutes, UPI for instant INR deposits and two click crypto trading, Coinswitch Kuber may be the fastest way to buy or sell Crypto. But there are few corners that need to be smoothened. Coinswitch Kuber officially launched today and we are here with the first impression of the mobile app that promised 100+ Crypto asset trading on your phone. Registration and KYC User can register…

Impossible to Allow Crypto Trading without SEBI, RBI Approval says Zerodha CEO

A user asked Zerodha if their tagline “Invest in Everything” means they will be looking into allowing Crypto Trading soon? India has over a dozen cryptocurrency exchanges and the number has been steadily growing since the Supreme court judgment that quashed RBI’s Banking restrictions. It is only a matter of time before the big brokers of stock market take note and get involved in the business, atleast one would assume…

RBI Clarifies: No Prohibition on Banks to Open Accounts for Crypto Firms

Despite the Supreme Court Judgment in March quashing the RBI restrictions on banks to serve Crypto firms, some banks have refused to provide services to exchanges and traders. Harish BV, co-founder on one of India’s oldest cryptocurrency exchange Unocoin, filed an RTI request with the Reserve Bank of India asking if RBI prohibits banks from dealing with businesses and individuals who trade/offer cryptocurrencies. RBI replied, “As on date (May 22,…

I asked an Experienced Trader to grow $100 Bitcoin 10 times, lost it in hours

At one point the trading balance $100 in BTC was down to $30 then up to $120 and eventually ZERO, all within Seven hours. Trading is easy. You try to buy an asset at a price and then wait for the price to go up and sell it. That’s the expectation. There is a possibility that the price will tank instead of going up and you stand to lose money.…

Review: FTX Derivatives Exchange – Most Innovative Trading Platform

FTX Crypto Derivatives Exchange just turned One Year old. Their native token FTT is now trading on India’s WazirX exchange, and WazirX’s WRX token is now available on FTX exchange. What does that mean for Indian users? What products does FTX offer and is it worth trading on? Let us find out. The Beginning FTX exchange launched in May 2019, with the idea of an exchange “By the traders, for…

Review: Pay/Send Crypto to non users from Crypto.com

To test the Pay/Send Crypto feature on Crypto.com, I sent $20 worth of CRO tokens using Crypto.com mobile app to my dad, my mom and a friend. One has never used crypto, one has used in the past, and one has recently started investing. Continuing my endeavour to explore Crypto.com, after venturing into the gift cards territory last week, I decided to use their “Pay” feature today. “Pay” allows a…

A trading competition to win up to $1000 by Koinfox and Stably

Users can win upto $1000 in USDS, a USD pegged stable coin in the latest trading competition by Koinfox ending on May 3 at 5:30 AM IST. The Competition Trading the USDS/USDT pair on Binance using Koinfox platform can be rewarding as top 10 traders by volume will each get 50 USDS. Not only that, but the top three profitable traders each get 250, 150 and 100 USDS respectively. USDS…

CoinDCX lists Crypto.com’s CRO token paired with INR and BTC

Hong-Kong based popular payments and cryptocurrency platform crypto.com launched its app in India earlier in April. Indian Exchange CoinDCX listed MCO with BTC and INR pair just recently, and the platform announced listing of their CRO token on CoinDCX as well this Tuesday. CRO token will be paired with INR and BTC for trading. Crypto.com in a release said, “Following the successful listing of the MCO token on CoinDCX earlier…

RTI Reply: RBI silent on SC Judgment, CBDC and policy on Virtual currencies

Reserve Bank of India’s circular restricting banks from serving crypto exchanges and traders was quashed by the Supreme Court of India on March 04, 2020. However, RBI has not revised its circular nor has it redacted it from the site. RBI refused to provide any information on the RTI request raised by Coin Crunch India including that of their policy on Virtual Currencies and on Central Bank Digital Currency (CBDC).…

Giottus Exchange Launches Support for Multiple Bank Accounts for INR Deposits and Withdrawals

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…