Ever since RBI's mandate went into effect on 5th July 2018, many amazing exchanges had to shut down their INR/Crypto operations. Some of these exchanges introduced a P2P model for trading cryptocurrencies and also allow their existing and new customers to have an option to enter and exit the cryptocurrency market.
But as we all know RBI's unconstitutional ruling to prevent banking access to legitimately registered businesses operating out of India in a grey area such as trading of digital currencies which isn't illegal in India hasn't stopped anyone from speculating.
Coinome was my favourite spot exchange offering extremely fast deposit/withdrawals as well as excellent volumes for trading. It had been the most reliable exchange in my experience. I'm quite sad to see it have its INR/Crypto trading disabled currently.
Since, peer to peer method has become very popular lately and there are many decent exchanges today that allows such a trade.
Some of the exchanges that are providing good service in my experience off late has been Giottus, WazirX, Instashift, Coindelta, Pocketbits and Koinex. There are others such as CoinDCX, BitBNS and others which I haven't used for P2P as yet.
We're on the last day of the first month of 2019 and I'm sure many of you by now have used different exchanges to carry out your trades. Please tell me your experiences with the same briefly, in the comments below.
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