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[Realarnab]

RBI has banned all Indian financial institutions from dealing Bitcoins recently and because of this popular Bitcoin exchanges Unocoin and Zebpay have stopped buying and selling the currency.

So, now how do you withdraw your bitcoins to Indian bank accounts without any regulatory issues?

 

[overcast]

I recommend making use of the localbitcoin website. Avoid doing any website where they do KYC or so. Because such sites can be risky and they may take your data and use it against you. In such case it's better for you to withdraw in Paytm or the similar wallet. Avoid doing bank transaction. That's the way you should go with it.

 

[cryptohub123]

Use localbitcoins to buy/sell bitcoins from other people's deal , through bank account or paytm. You can also use wazirx exchange thats used by many Indians after the RBI ban on bitcoin.

 

[matt9005]

You can exchange your cryptocurrency to Perfect Money easily with exchange services such as changer.com. When you have at least $100 in your account, you can make a withdraw with bank wire.

 

[KarthikP]

Now that the cryptocurrency is unbanned in India , there is no problem in using exchangers like wazirx. If it's again banned due to some reasons , then you can use localbitcoins.

 

[Fayiz]

Now that the cryptocurrency is unbanned in India , there is no problem in using exchangers like wazirx. If it's again banned due to some reasons , then you can use localbitcoins.

It is right Indian government remove ban of cryptocurrency Withdrawal in to bank account it is happy to know if ban of cryptocurrency is removed

 

[KarthikP]

You can use currency exchanging sites like payeer and change your bitcoins to USD $ and then can transact them easily.

How do you convert Payeer USD to bank accounts in India ? I don't know if that works , so I convert Payeer to crypto and them crypto to bank account using localbitcoins or paxful

 

[Ewogboka]

How do you convert Payeer USD to bank accounts in India ? I don't know if that works , so I convert Payeer to crypto and them crypto to bank account using localbitcoins or paxful

Actually i don't know how payeer is withdraw in India but let me ask you , if you want to convert $20 payeer to Crypto like litecoin or bitcoin what is the charges attached to it.

 

[Wisdom01]

But why will they ban them this isn't good at all you can check on paxful and see if they allow registration from your country so you can start trading

 

[Ewogboka]

But why will they ban them this isn't good at all you can check on paxful and see if they allow registration from your country so you can start trading

Countries may have different views or opinions as regards Crypto currencies and also the exchange platform activities too. Paxful is great but I don't think it is compatible to all countries

 

[sagefave]

If Bitcoin is the only crypto currency placed on the ban is it not possible to exchange your Bitcoin for other crypto currencies? Also what was the reason stated for the ban that was imposed on Bitcoin? There's just too much attention being generated by Bitcoin in the government policies recently

 

[CrazySher]

RBI has banned all Indian financial institutions from dealing Bitcoins recently and because of this popular Bitcoin exchanges Unocoin and Zebpay have stopped buying and selling the currency.

So, now how do you withdraw your bitcoins to Indian bank accounts without any regulatory issues?

Bro, don't worry it is not so difficult just go to paxful or local bitcoins and create a account there and there are so many buyers and so sellers, find a seller and sell your Bitcoins, that's it he will transfer money by IMPS or UPI to your online wallet or bitcoin.

 

[Ewogboka]

Bro, don't worry it is not so difficult just go to paxful or local bitcoins and create a account there and there are so many buyers and so sellers, find a seller and sell your Bitcoins, that's it he will transfer money by IMPS or UPI to your online wallet or bitcoin.

Yes, most of the sellers and buyers on local bitcoin are verified by the site likewise paxful, I have used them at least twice .