Bitbns (Indian crypto exchange) have introduced a new technique to deposit as well as the withdrawal of INR. This new service is extremely different from P2P.
This month Indian banks has stopped banking support for cryptocurrency exchanges. However, it looks that they won’t be able to stay in it for a longer period. Koines and WazirX have already introduced P2P services and it’s been used by a lot of users. Recently, Coindelta also announced USDT trading in their platform.
Besides the other exchanges, Bitbns has introduced something unusual and exclusive way for deposit and withdrawals, which would further help Indian crypto community to trade effortlessly.
Bitbns (Indian crypto exchange) have introduced a new technique of deposit as well as the withdrawal of INR. This new service is extremely different from P2P.
While other exchanges have come up with the idea of peer-to-peer systems, Bitbns have sent their clients an assenting email declaring that INR dealings will be sustained. Though, they haven’t revealed how they will be doing it yet.
On July 3, Bitbns had become the first Indian exchange to introduce the main net of EOS and endure the payments of EOS coins. The RBI had previously, time and again, warned public and other traders about the risk of the norm of cryptocurrencies.
Since the ban was confirmed, there was a decrease of 50 percent in cryptocurrency prices in India. While everybody was frightened of losing their assets to RBI, the statement by Bitbns has given a ray of hope to all the depositors, where they are supposing to continue their transactions in the Bitcoins. Along with RAM-INR trading on Bitbns, users can purchase and sell RAM with the help of EOS.
A report published in Coin Crunch states that unlike P2P, the facility seems to be virtuous as users will get the chance to connect with another user. This is definitely going to be the best option especially when there is no bank support for crypto trading.
The post Bitbns Introduces New Way To Deposit INR appeared first on OWLT Market.
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