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Posts tagged as “deposits”

Crypto Deposits Stuck as Zebpay Chokes, Again!!!

Zebpay is one of the largest cryptocurrency exchange in India. With over 300 employees in the support team, multiple engineers, a new CEO and years of experience, you’d think they cannot mess up the one thing quintessential to Crypto trade, DEPOSITS. But you may be surprised as users today have reported issues in depositing the newly listed TRX token on Zebpay. While the prices stay almost 50% above the market…

INR Deposits and Withdrawals on Indian Exchange Becomes Difficult, Expensive

Cryptocurrency Exchanges are already working hard on ensuring their business stays afloat in India despite the RBI Prohibition on Banks. But, the negative effects of RBI’s decision has begun to show. Expensive Instant Withdrawals Between day before yesterday and today, two exchanges namely Coindelta and WazirX increased their Instant withdrawal fees from 0-30 INR to a whopping 1.18%. It means the withdrawal fee is 1% while the GST on it…

Koinex Enables Withdrawals After over 20 Days

Koinex.in has been at the end of a lot of criticism and support as the leading cryptocurrency exchange shut down withdrawals on January 11th after enabling them on 8th Jan, 2018. Truth be told Koinex users have been enjoying a good premium on rates compared to other exchanges, thanks to having no way to get your precious fiat INR out of it. But, fear not my fellow traders as Koinex is…

Koinex Enables Withdrawals, with Conditions

In a surprising delight, Koinex announced they will enable Deposits and Withdrawals today. They are not instant yet as we had hoped for. INR Transactions Update: Deposits & Withdrawals will be enabled today! Important points: – INR 10 lakhs per transaction – INR 1 crore per account per day – All pending withdrawals have been credited back to Koinex wallets Please read our complete blog: https://t.co/hbKPQOqrLv — Koinex (@koinexindia) 8…

Koinex INR Transactions Will Be Instant, But When will they start?

Be Quick Without Hurrying – John Wooden Update: Koinex has enabled Withdrawals for 48 hours starting 5:00 PM on Jan 8th This, is exactly what the Indian Cryptocurrency Exchanges are doing right now. Koinex, India’s leading cryptocurrency exchange started something that put them light years ahead of the incumbents. That was the lightning fast INR deposits and withdrawals at the time when players like Zebpay, Coinsecure and Unocoin were taking…

Why did the Indian Crypto Exchanges Stop Instant Deposits and Withdrawals of INR?

Update1: Some Exchanges have re-enabled the deposits and withdrawals, however there is a fee of 2.36% levied for withdrawal on Exchanges like Koinex and Coindelta. It is actually a good thing in my opinion.  Update2: Coindelta has begun NEFT based withdrawal from Jan 2nd, 11:00 AM.  Update3: Coindelta has begun NEFT/IMPS based Deposits from Jan 5th 12:00 AM. Almost all Indian Exchanges have temporarily halted INR deposits or withdrawals or both. We…