- Apr 15, 2021
- 2,589
- 1,488
I'm not Indian, but i'm curious about it. I heard foreign exchanges got banned. What methods are you using now to buy/sell and send/receive crypto?
How are you dealing with Crypto in India after the Binance ban?
- Thread starter TheSplinter
- Start date
- Apr 26, 2022
- 1,557
- 3,884
What I am doing is that I am getting money sent to my friend's Binance account abroad and purchasing some digital products from him which I am selling locally for fiat. This way, I am evading Binance ban.
- Apr 15, 2021
- 2,589
- 1,488
So you have no alternatives to Binance in India? You can't buy/sell crypto? Is Kraken also banned?
- Apr 26, 2020
- 1,559
- 943
The binance app still works perfectly here. I was using it before so no problem regarding that.
For buying or withdrawing fiat from crypto i use wazirx and for taking payment i use binance
for investing in memecoin i use photon.
- Apr 15, 2021
- 2,589
- 1,488
Oh, ok. I heard it got banned from India
- Apr 26, 2020
- 1,559
- 943
only Url got banned and that also only of the site. You can't ban blockchain and due to that you can send and receive crypto between exchanges.
So basically i use a 3 way route like this.
My bank -> wazirx [Buy crypto] -> send to binance -> invest or buy something with crypto
Binance -> wazirx [Sell crypto and convert it into fiat] -> my bank