WazirX: Legal Way to Buy/Sell Cryptos in India After the RBI Ban



Even as the Supreme Court has reportedly agreed to hear the crypto petition on July 3 this year, the RBI’s deadline to stop all banking services being availed by cryptocurrency entities is just two days away. In view of this, most leading cryptocurrency exchanges have already prepared for the possible scenario. WazirX is no exception.

Mumbai-based cryptocurrency exchange WazirX has launched a P2P crypto transfer solution to enable crypto enthusiasts to continue buying and selling cryptocurrencies.

The Peer-to-Peer (P2P) transfer will allow users to buy and sell crypto directly with each other for Indian rupees. WazirX will act as an intermediary here, connecting the buyers and sellers on the platform.

  • The seller deposits the crypto with exchange.
  • The buyer pays INR to the seller
  • WazirX will make P2P live as soon as the RBI ban on banking services dealing with crypto comes into effect. We’ve built WazirX with the intention to involve every Indian into the blockchain revolution, and our resolve is stronger than ever. That being said, I really hope that the RBI changes its stand on crypto transactions in India, but irrespective, we’re here to make sure you’ll not be stranded. The Us publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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