In India, RBI banned the banks to help the exchanges, so now the banks are terminated for crypto exchanges.
How you can sell/buy cryptocurrencies now.
Now exchanges will take over the some middle man's or platforms(seller). That is P2P(PEER TO PEER).
In Peer to Peer, the seller sells its crypto to USD and then directly sells to the buyer who wants to buy through the exchange. The exchange gets all the USD to their own wallet and asks the buyer to transfer money to seller's account as soon as both buyer and seller confirms that the money transferred to the USD hold exchange is given to the buyer.
Top Peer to Peer crypto exchange platforms are:
- Koinex's
- Wazirx.