YOU CAN BUY BITCOIN FOR CASH OR NEFT/IMPS AT THESE FOUR EXCHANGES
By now everyone has heard the news about the INR deposits and withdrawals delays, temporary halts on multiple exchanges. Well if you cannot deposit or withdraw your money, how can you buy Bitcoin and other Altcoins which are cheaper than the exchanges that holds your money? Fear not, you can still buy Bitcoin and other cryptocurrencies at these places from people like us with a simple IMPS/NEFT bank transfer or even Cash. This process can also be referred to as OTC trade. Peer-2-Peer Bitcoin exchanges are bringing their businesses to India, to capitalise on the opportunities opening up. While the incumbent players rely on manual intervention and payment partners to process user deposits, P2P exchanges work differently. You as a buyer have to make IMPS/NEFT transfer to the seller’s bank account to purchase Bitcoin. Once the payment is made and confirmed, you get your Bitcoin. All these exchanges follow an escrow model, meaning once you place an order the seller’s bitc...
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