Community post
Indian Crypto Exchanges stopped instant Withdrawals and deposits
Many of the Indian exchanges stop instant deposit and withdrawal of INR from banks?
This is the notification on Koinex’s website
Koinex:
Koinex gave the most subtle of the notifications by pinning one on their website. It says the INR withdrawals will remain shut till the further notice.https://steemitimages.com/DQmdRSwN4D4WcktKjtcBpy41nVdtvbxX5qQuhYdHn46NPTU/image.png
Coindelta:
CoinDelta has also notified its user about not depositing the fiat currencyWhy this is happening??
Here is the answer
https://www.finallyjobless.com/indian-crypto-exchanges-stop-instant-deposits-withdrawals-inr/
See my previous post to know how to arbitrage to earn profit in India.
https://steemit.com/crypto/@quantumthinker/calculating-ethereum-arbitrage-profit-as-an-indian-user
Replies (2)
I did not knew about this thanks for sharing !!
Everybody should know this. It is the monopoly of the banks. They know decentralization is inevitable.