Right Time To Start Your Cryptocurrency Exchange Website In India
This is a good day for the cryptocurrency trader and entrepreneur in India after the year passed they won the battle. The supreme court has announced the cryptocurrency become legal in India.
"India’s Supreme Court on March 04 - 2020 said that central banks can handle cryptocurrency transactions from exchanges and traders.”
The India exchange Wazirx Founder and chief executive Nischal Shetty told that
"This was a historic day for Cryptocurrency in India. We can now participate in the Blockchain revolution or create a new coin Now, anyone who wants to start a cryptocurrency exchange business, smart contracts or any other business can do it easily and legally"
History of Cryptocurrency Regulations in India
In April 2018, the Reserve Bank of India had virtually banned cryptocurrency trading in India even though no official full ban was announced. The RBI directed that all entities regulated by the bank to not deal in virtual currencies or provide services to businesses or individuals facilitating exchanging or trading of cryptos.
It had also issued circulars cautioning users, holders, and traders of virtual currencies, including Bitcoin. Bitcoin is currently the most-valued cryptocurrency in the world and is trading at $8,821 at the time of writing, with a market cap of $161 Bn.
Source: Inc42.com
Top banks had suspended the current accounts of some top cryptocurrency platforms following the RBI guidelines. Many banks may now lift the freeze, said people in the know.
Source: Economic time
Bright future for Crypto Entrepreneur
After the supreme court verdict, a lot of investors are expected to increase the cryptocurrency exchange business in India. To get more profit in a short span of time.
Did you want to know the topmost cryptocurrency exchange platform?
In which cryptocurrency exchange platform the Indian user can trade the huge number of cryptocurrency?
Now, This article will give a clear explanation of what are the questions are raised in your mind.
Top-rated Cryptocurrency Exchanges in India
Here the following are the popular peer to peer crypto exchange platforms that are getting a high volume of profit in this business.
Localbitcoins
LocalBitcoins is a p2p bitcoin exchange website with escrow service that also helps to match bitcoin only for the buyers and sellers. However, In these platforms, the trader can advertise their bitcoin through locations and payment methods.
Pros
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Escrow wallet Integration Functionalists
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No need for KYC
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Trading fees also low.
2. Wazirx
Waxirx is India's most trusted Cryptocurrency exchange helps you to Buy and Sell crypto through USDT(tether) for fiat currency. The exchange offers real-time order books, trading bot, transaction history as well as 100% security.
Advantage
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Centralized middleman
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High liquidity Volume
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Instant Buy, Sell using the Open Order Book
3. Paxful
Paxful is a foremost peer-to-peer bitcoin exchange marketplace haveing an escrow wallet where buyers and sellers are connected with the 300 type of payment method which makes it an easy way to find suitable trader.
Pros
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Control and Security
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2-factor authentication
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Affiliated Program
4. Remitano
Remitano is a fast-growing crypto-trading platform that serves the exchange with bitcoins and altcoins, ethereum and many more.
Advantage
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Erc 20 supporter
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BTC/USDT swap feature.
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Crypto to Crypto trading
Launch Cryptocurrency Exchange Platform in India
If you want to develop your own cryptocurrency exchange website in India want to access globally?
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