Never had a problem with the exchange. Always have a problem with gov regulations, and I dont see how this would be sorted out soon.

Hello, I have recieved a caution advice notice just a few days back from my bank(HDFC) mentioning all my bitoin transactions dated back to 2013. Has anyone else noticed similar notice?  It also said ""revert within 30 days from the date of this letter or the bank will be constrained to restrict transactions in your account without any further reference to you"". Does that mean I have to write them back?

Don't be so harsh on yourself. This is not a blanket ban.

Fiat <-> Crypto has gotten almost same as before with P2P exchanges like WazirX.


There was a time when Zebpay deposits use to take 24-48hrs. Just before ban (Feb-April), most exchanges supported deposits in real-time. After Ban deposit takes an hour via P2P. So not much of a trade off.


The overall volume globally has come down, this reflects on India as well more than ban.

Nothing is clear till now. We can not tell anything.

I've traded cryptocurrencies with several exchanges of India, I'd rank them here according to my overall experience. The factor I'm using to rank are Market volume, price fluctuations with international price, KYC and user support, Fees, Deposit-withdraw and number of coins listed plus several other factors.

These are the top 4 exchanges in India to trade into cryptocurrencies.

1. Koinex
Koinex has been really popular exchange since it's launch and currently enjoying about 100 BTC daily trade volume, the exchange has whole a lot of crytocurrencies listed in which user can trade easily. KYC process is not the fastest but still fast compared to the others. The exchange charges 0.15% trading Fee, The only problem I noticed is sometimes the price varies 30-40% compared to the international market price specially in case of some negative news price go down very quickly.

2. Bitbns
Bitbns is a relatively newer exchange but getting quite popular among traders and easily in line with Koinex to compete for the first position. The exchange has a unique flash sale system where buyers get double amount of cryptocurrencies during the flash sale. It also has a huge diversified coin listing and great UI, KYC process is really fast, user support is very good. They give nice competitions and rewards to traders. The exchange has 0.25% trading Fee but deposit withdraw are fast and seamless for most of the part. It has one more positive point, the prices don't fluctuate too much compared to international prices.

3. WazirX
This could be actually surprising to some of you to see WazirX at 3rd position. Because it is the newest exchange in my list but they are doing really good work to establish themselves. Their CEO Nishchal has been really active, friendly and helping users on social media. The exchange has its own token which they planned to use in some innovative way in future. They also have a long number of coin listed and the number is still growing. WazirX has 0.10 Maker fee and 0.25 Taker fee. User experience, UI, deposit-withdraw are decent and fast. They also organize trading competitions and give decent rewards to the winners. The prices are also on par with the international market and don't fluctuate too much.

4. Zebpay
I know this is the first Crypto exchange in India and there are still many people who only knows crypto trading means zebpay but sadly they are losing this legacy to the new players because of high fees, too much price variation, disappointing user experience. Traders are losing faith in zebpay and moving to different exchanges. When I first opened zebpay account and submitted my KYC, they took about a month to verify it. Coin portfolio is low compared to the top 3 exchanges, Fee used to be too high but they lowered it to stay competitive in the market. Deposit-withdraw is very slow sometimes, and no proper user support. They don't have a web portal and traders have to download mobile app to trade, traders can't trade directly with another trader, they have to buy or sell at zebpay decided price which sometimes is too ridiculous(Buy price is way too much compared to sell price).It had affected zebpay very bad and they have lost a huge amount their total trading volume which is just 20-30 BTC per day. But because of their past legacy, I'm still giving them fourth position and hoping they improve themselves and come up stronger again.

Other exchanges in India are Coinomi, Coindelta, Unocoin etc.

Seems like no matter what gov will gonna do. All the investors adopting the peer to peer system and waiting for the next ATH like last year. Interesting fact is the it's not easy to ban anything but it's just prevent the new investors.

I am really tired of these blood sucking financial system, banks and intermediarys who give no shit about anything but.somehow fill their own pockets..special mention goes to RBI for being a puppet.

BTC is the only solution to.handle.corruption and wipe out.every exploitation and bring true.financial.freedom.

By Sept 17 th we may get clarity on crypto currency bank withdrawals hopefully we may get positive feedback on this court move

indian government decision completely failed in taking a decision now they banned all cryptocurrency exchangers they will launch their own coin so people are in panic mode govt is killing the innovation

We hopefully awaiting, If its really legalize in india then very good chances of having good business in our country.

https://www.moneycontrol.com/news/business/markets/sebi-sends-officials-overseas-to-study-cryptocurrencies-initial-coin-offering-2924391.html

The steps taken by the government only indicates that it will not ban crypto in all total.
Lets see what happens

Now a days nobody is using indian exchange

With latest update on zebpay-app  it looks like zebpay is closing down their operations in India soon due to the RBI directives. Well the writing was on the wall since last few months as RBI and Indian Govt maintained their stern attitude towards the crypto in general.  With blanket ban on crypto to cash conversion it become very difficult for bitcoin and crypto community to survive.

Wazir is good but volume not much there yet .

Future of crypto is still not clear.

needs to be careful on Localbitcoin , there are some fraud there, they will send you money from paypal then say you did not deliever products, then paypal will get the money back to the buyer.

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IIRC, RBI banned crypto transactions and now I am not allowed to withdraw money into my bank account after selling them. I have a few Bitcoins, and want to sell 0.84 BTC atm, how should I sell it legally?