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Top bitcoin exchanges in india since banking

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Top Bitcoin Exchanges in IndiaSince banking institutions have banned crypto currency trading in India, popular exchanges like ZebPay have had to shut down. Nevertheless, the following top exchanges are still currently used in India:
© 2021 IJRAR February2021, Volume 8, Issue 1(E-ISSN 2348-1269, P-ISSN 2349-5138)IJRAR1BXP048International Journal of Research and Analytical Reviews (IJRAR)440UnocoinUnocoin was founded in 2013 and is the leading Bitcoin exchange in India. It is backed byinvestment from the USA and is a regulated company offering low 1% fees which fall to 0.7% with increasedtrading volumes. It is a relatively easy exchange platform, allowing users to buy crypto currency with anyIndian bank account. However, with the banning proposal at hand, things might get challenging for Unocoin.WazirXOne of India’s most trusted exchange platforms, WazirXwas founded in 2018. It focuses onexchange-escrowed P2P services to enable customers to continue to withdraw INR. WazirX follows theKYC norms, has a mobile application for both Android and iOS users and also claims to provide multiplehundred transactions per second.Other methodsOutside of exchanges, P2P trading platforms enable Bitcoin purchases in India, in spite of the bank bans.Two important P2P marketplaces in India are:Paxfulis a peer to peer marketplace founded in 2015 that allows buyers and sellers to meet online and tradedirectly Bitcoin with each other. Sellers on Paxful accept over 300 payment methods, including the majorIndian payment methods like PayTM, Bheem, Phonepe. As a result, many Indians use Paxful due to ease ofaccess and payment. There is also no fee for ht site itself, since the Bitcoin is traded at a premium.Local Bitcoinssupports the most popular payment methods and allows individuals from different countriesto purchase Bitcoin for their local currency. Local Bitcoins currently operates in several major Indian citieslike Mumbai, Hyderabad, Kolkata, Delhi, Ahmedabad, Chandigarh, Pune, Guwahati and many more. Again,due to the 2019 Supreme Court Proposal, many exchanges and marketplaces are wary of the Indiangovernment’s attitude towards cryptocurrency in general. As of September 2019, there are noBitcoin ATMsin India.Where to Spend Bitcoin in India.Most Indians trade and mine Bitcoin to store them in digital web wallets instead of spending them tobuy something. Regardless several ventures have been in place to use Bitcoin for spending. Unocoin hasbeen the most prominent in this sector. In 2017, it linked up with Book My Show, an online cinema ticketingplatform. This venture allowed customers to top up their accounts for movie tickets with Bitcoin. Unocoinalso launched a ‘merchant gateway’ which enables business entities to acceptBitcoins. Sellers like SapnaBook House, bus ticket booking portal eTravelSmart and Dharwad International School take payments fromcustomers through the Unocoin gateway.

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