Hello friends, after two blogs on my cover singing, i'm here with my third blog and it is totally a crypto blog.
THINGS COVERED IN THIS BLOG:
I will be telling you the best escrow exchange where you can convert your crytpo ( bitcoin, ethereum, USDT and bitcoincash) into fiat( i.e directly to your bank ) without any kind of government issues if cryptocurrency gets banned after 20th july 2018.
The detailed step by step procedure on how you will complete your successful trade in easiest and fastest way.
So without any further delay lets start our topic.
You all must have heard that to convert your crypto to fiat two well known exchanges in India are WazirX and localbitcoin.
But i would like to talk about an exchange known as REMITANO which provides escrow service and does the same work in a pretty fast and easy way. Remitano serves four coins as of now: Bitcoin, Ethereum, USDT and Bitcoincash. So, below example is shown if we trade with bitcoin and you can follow the same procedure for other three also.
Following is the picture of the website when you open it.
The image represented above gives you the rough idea of buying and selling price of bitcoin in INR (as the selected country is India). Now if you scroll down you will see the list of selllers & buyers.
The best deals are arranged in an order. Example: if we see above image the seller named as Krishna is selling bitcoin at lowest price so his ad is showing at topmost position. Similarly, if we see buyer's list we can see rupeshverma is giving us the best price so he is ranked above all and hence we can directly sell him.
If you think the price of seller or buyer is not satisfactory then you can post your own ad also. This is the place where many people make mistakes, so i will elaborate this part with proper steps and pictures.
Step1: Go to Your advertisements section by clicking top left corner box and then click create advertisemnt.
Once you click create ad, you will see buy/sell ad options.
Step 2: Now for example you want to post a buy ad, just click buy and select detailed view from above. Next you will see the following screen which is the main screen . Here you have to put the maximum bitcoin price ( Make sure whatever price you post, the exchange will take 1% from it so it will show the price increase of 1% to sellers)
Once you write the maximum bitcoin price scroll down and write the minimum bitcoin amount you want to buy ( in one transaction ) and then write the maximum bitcoin amount below ( maximum amount of bitcoin you can afford to buy ). To calculate the maximum bitcoin amount use the below formulae:
Suppose you want to buy btc worth 50,000 INR and your maximum bitcoin price is 500,000 INR. Then formulae to calculate max bitcoin amount is > INVESTMENT/BITCOIN PRICE (i.e 50,000/500000 = 0.1 btc)
After that just write the bank name and create the ad by making it active.
Once it gets active, you will see your ad visible in the front page. Make sure you keep looking the ad as people will post their ad above you and you have to change accordingly.
Now once you get a pop message from exchange regarding a new trade you have to send money to the bank account of the mentioned bitcoin seller. Once paid, click i have paid the seller and upload the snapshot of your payment. Soon you will get the bitcoin in your wallet.
NOTE: REMITANO EXCHANGE PROVIDES ESCROW SERVICE. SO YOUR MONEY AND YOUR BTC DURING ANY TRANSACTION IS SAFE. CHANCES OF FRAUD IS ZERO.
So, this is how REMITANO exchange works. You directly send money to the bank account of bitcoin sellers and you receive money directly in your bank account for selling your bitcoin and most important is without any bank issues as it is peer to peer so banks dont get to know the details.
Do share your views about my blog and upvote me . Will soon come up with my next blog.
Images are taken from : www. remitano.in