Dear steem friends,
As we all know that in India bank has stopped banking support for cryptocurrency exchanges this month. Most of the exchanges have already stopped INR deposit and Withdrawal and very left who are still processing INR withdraw and deposits. However, seems they won’t be able to continue it for long as we hear the news every other day about one of the exchange to stop these services. WazirX and Koines have already introduced P2P services and its been used by many. This week coindelta also announced USDT trading in their platform.
Apart from all these exchanges BITBNS has come out with something different and unique method for deposit and withdrawals. Hope this will help Indian crypto community to trade seamlessly
They have tied up with a website name https://bidforx.com and will process INR transaction through their portal.
Below Is list of steps I have taken from bitbns website for your understanding.
Below steps are required to create account in bidforx website and make a deposit there-
once your account is created and UPI transfer is done then you need to follow below steps to process credit to bitbns website.
first image source: Bid forx official website
last 2 Image source: Bitbns website
your deposit will reflect in bitbns in few minutes. But please note that you must use the same email id which is registered in bitbns account. They have also mentioned that soon they will start the same with flipkart and amazon.
Personally this service seem to be good as are you connecting with another person like in P2P but lets see how people adopt in coming time. For sure this is a good option when we have no bank support for crypto trading.
Please share your views about this service. All your suggestions/opinions are most welcome.
Thanks for you time. Have a great day.
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Thank you.
@alokkumar121