Press "Enter" to skip to content

Posts tagged as “withdrawal”

Looks like Koinex’s Instant INR Withdrawal Problem is Not the only Withdrawal Problem

After a complete stop on Instant withdrawal, Koinex re-introduced them at the original fee of Rs. 30/- per transaction with a limit of 50000. Coindelta and WazirX reduced their instant withdrawal fees to Rs. 30/- as well. All three exchanges use the same service but haven’t disclosed it as reported earlier. Looks like Koinex has been running into problems with their instant withdrawals and a swarm of users keep venting…

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…