How Technology Help US: January 2019

Wednesday, 30 January 2019

Top 5 Cryptocurrencies to Trade in 2019 – Trusted and Reliable

We have over 1500+ cryptocurrencies in the crypto sphere and new are being introduced almost every day. Not all of them, however, could make it to crypto exchanges as some remain stuck at a development stage. Here are 5 cryptocurrencies you can trust and trade with famous crypto exchanges or with popular crypto CFD brokers. Let’s get started with the world’s first official cryptocurrency, Bitcoin.

Bitcoin (BTC) :

Ever since Bitcoin has been introduced it has given investors the pulse of immense joy and a heart attack at the same time. Bitcoin today has become one of the leading cryptocurrency and trends indicate that the price curve of Bitcoin will show positive sentiment. There are three important dates in the history of Bitcoin which can be considered as turning points for the world’s biggest cryptocurrency. The first remarkable achievement was reached on November 29, 2013, when one coin was traded at US$1,124.76. The second one was in mid-November 2015 when the price passed $2200 mark and finally on 15 December 2017 when the price surpassed all expectations and climbed to $19,500. Bitcoin, however, could not hold such an astounding price and felt back to below $7000 on 5 February 2018. Though it is now traded at around $4400, experts predict that the Bitcoin all-time high could be again reached by the end of the year.

Ethereum (ETH) :

The brainchild of Vitalik Buterin, Ethereum is the world’s second-biggest cryptocurrency by market capital. Ethereum is also known for the first ever ICO (initial coin offering) in which was generated an enormous sum of $18,439,086 (60,102,216 ether coins in form of bitcoins). At the beginning of April 2017, ether was merely traded at $50 per unit and today one unit of Ether will cost you around $200, which is an astounding achievement in such a short time period. The future of Ethereum and the use of decentralised applications is quite promising.

Bitcoin Cash (BCH) :

Bitcoin Cash aims to eliminate the scaling and mass adoption problem of Bitcoin. Bitcoin Cash is becoming more and more popular and the debate between Roger Ver (an early investor in bitcoin-related startups and prominent supporter of bitcoin) and Samson Mow (former COO of one of the largest digital currency exchanges) that took place at Deconomy or Distributed Economy, in Seoul, South Korea on 5th April shows that the adoption of BCH and its scalability in the future is very likely.

Monero (XMR) :

Monero is a descendant of a lesser-known cryptocurrency called Bytecoin. Bytecoin was crafted quite differently from Bitcoin, using the technology known as CryptoNote. Monero’s ability to create privacy in transactions was a technological breakthrough that was recognized within the crypto asset community and the markets. By the end of 2016, Monero had the fifth largest network value of any cryptocurrency and was the top performing digital currency of 2016, with a price increase of 2,760% over the year. Currently, Monero is holding 13th place in terms of market capitalization and one coin is worth whopping $140. The all-time high was an astounding $495.84 on 7th January 2018. Monero is available on a variety of popular exchanges. Most Monero trading volume comes from Poloniex, HitBTC, and Bittrex.

Dash (Dash) :

Dash is kind of similar to Monero in term of its ultimate aim to provide to users top-tier privacy, double-spend-proof and instantly confirmed transactions. Dash launched its blockchain a few months before Monero, on January 19, 2014. Unlike other crypto coins, Dash had instamine where 1.9 million Dash were mined in just 24 hours. Who knew that a phenomenal error of instamine would make Dash popular enough to be on the list of top cryptocurrencies! Today and in the future Dash aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world.

Summary – Top 5 cryptocurrencies to trade in 2019

In summary, the future of these cryptocurrencies looks bright and it is very likely that their price will continue to grow. These 5 cryptocurrencies are, however, not the only coins that are worth following. Be sure to check out other promising coins as well (e.g. EOS, Stellar, Tron…) and if you decide to invest in any coin use only money you can afford to lose.

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Best Bitcoin and Altcoin Cloud Mining For 2019 [Discount Coupon]

Cloud mining or cloud hashing allows users to buy mining power that of hardware in data centers build by mining companies. There are number of players offer cloud mining in terms of renting their hardware for a fixed period of time. These companies returns the mined results with the users and cut their profit form that results. In this article we will discuss some best trusted cloud mining platform for bitcoin and altcoins.

Choosing which mining service to use is not an easy task because this business is full of scammers. More than 99% of cloud mining providers are fraud. Instead of actually mining any crypto currency, they built an attractive website and start scamming users on the name of cloud mining.

I invested in some of the cloud mining platforms out of them two operators, Hashflare Mining and Genesis Mining, are most reliable and trusted brands offering contracts for several years. Cloud mining is done remotely in the cloud data centers. This enables the users to not bother with any of the hassles such as electricity, hosting issues, heat, maintenance, installation or upkeep trouble.

What are Advantages of Cloud Mining?

Let’s take a look on the advantages of the cloud mining:

Higher Profits – because mining providers optimize everything for you, it yields out higher returns.
Tranquil and cooler home – no more sound and heat.
Less electricity – the consumption of electricity will get a lot lower.
‘No’ equipment maintenance – no need to sell the hardware, when they stop being profitable. No tension of configuration of the hardware.
Simple and Ready to use: Signup with these provides and start with in minutes.

What are Disadvantages of Cloud Mining?

And now have a look at the counterpart list:

Scam Risk – It always involves a risk of being scammed by a cloud mining fraud.
Cost of Mining Operations – users have to pay for the hardware management cost.
Unpredictable profit: Profit depends upon various factors. If the value of coin goes down it may become non profitable also.

Is it Profitable?

Always keep in mind that returns are not guaranteed and depend for a part on coin value and mining difficulty, both of which are unpredictable for the future. The lower the coin value, the higher the impact of that fee on mining returns, and the higher the mining difficulty, the less coins the same amount of hashrate will return, and vice versa. If we take an example of Ether mining it was less profitable as price of the Ether was much lower then the current price. If you believe that the value of a crypto coin is going to be very high in 1 or 2 years then it will be much profitable.

My Experience Summary:

I purchased mining contract from 3 different companies. So let me share my personal view on them.

Geneseis Mining: I am very happy with the results I am getting with Genesis Mining. I got Ether and Bitcoin mining with them and getting my payout everyday. As per the current scenario it is profitable and I believe that In future value of Bitcoin and ether are going to be very high. You may find some article on the bogs saying its less profitable. It was the case when value of the coin was much lower when compare with current price. So before making any decision with those article always check when that article was published and what was the value of the cryto coin that time. Calculate accordingly.

Hashflare: Like Genesis mining, Hashflare also providing very good result. It is my recommendation if you want to invest in cloud mining never think of any other option then these two cloud mining providers. These are well established and oldest players in the market.

Hashing24: I have also done my research on hashing24 mining service and it also seems like a reliable service which is not a scam. Still I have not invested with them so can’t comment on it.

I will also keep you updated about other cloud mining services listed in this article in next few months. After getting my first payout.

Best Trusted Cloud Mining:

There are many websites offering cloud mining. I picked only few of them, those are reliable, trusted and well known players of the market. Now lets take a brief idea about recommended cloud mining services:

IQ Mining

In IQMining founded by IQMining.com, the return on investments is very high. Here users are expected to earn a daily payout of $100 on an investment of just $500. The platform also claims that they will deliver 100% profits to users every 5 days. Another unique feature is that there are no maintenance fees for this platform and it is 100% free. Investors don’t feel any risk involved and IQ Mining itself does the mining job for you and you don’t need any expertise for this.

How to use IQ Mining: There are different investment packages. For e.g. if you buy the Silver package, you will get 10% bonus above your payouts. In Gold package it is 20% bonus.

If you invest 0.01 to 0.1 BTC you will get Bronze package.
For investments between 0.1 to 1 BTC you will get Silver package.
Between 1 to 10 BTC you will get Gold package.

Signup for IQ Mining

Genesis Mining

There is only 1% of companies who actually setup mining hardware and mine crypto coins for you and one of them is Genesis Mining. Genesis mining was started in 2013 an is one of the oldest companies around. Genesis has established a publicly known mining farm in Iceland.

genesis-mining-review

Currently they are offering mining powers for Bitcoin, Ether, Zcash, Monero, Dash and Litecoin. You can start mining within minutes. Available payment options are Credit card and some crypto coins.

Discount Coupon: Copy and paste this code (as shown in image below) at the time of payment to get 3 to 5% discount on your purchase: 1yelG5

Genesis Mining Discount coupon

Visit Genesis Mining

HashFlare Mining

Hashflare is a Europe based bitcoin cloud mining company. The company was founded in July 2013 and started its cloud mining service in April 2015. Hashflare is a part of HashCoins that creates ASIC bitcoin miners. Similar to Genesis mining, Hashflare also offers lifetime bitcoin mining contracts ( remember as long as profitable), Ethereum cloud mining, Zcash cloud mining, Dash cloud mining and Scrypt cloud mining.

hashflare mining review

Similar to Genesis it is one of the two most reputed cloud mining provider with a large number of users. It offers daily payouts and available payment methods are Bitcoin, Credit card, Webmoney, Payeer, Wire transfer and EMC.

Discount: Click on the button below and signup for a account to avail discount on your purchase.

Signup for Hashflare Mining

HashGains

Another cloud mining service provider that helps you to mine bitcoins and Altcoins in the best possible and easiest way. Its parent company is Cyfuture which is serving for more than 15 years in the Data Centre Industry. Based on State-of-the-Art technology, HashGains uses the best ASIC (Application Specific Integrated Circuit) and GPU services available. The platform supports multiple cryptocurrencies and has a 99.9% uptime. There is 24/7 technical support and it also provides legit mining where all the coins are new. HashGains also have multiple Data Centres in India, China and U.S. It also promises to give high ROI on investments made.

How to use HashGains: First you need to register in the platform. Then you need to choose your preferred plan and make the payment. After that you can just start collecting bitcoins. HashGains can be used in three methods.

Pay per share method where it uses the ASIC mining method, which is one of the basic mining methods used in cloud mining.
Proportional Method where miners earn shares until there is a block in pool sharing. After that they earn a fixed number of shares.
Bitcoin Pooled Mining method where newer shares are given much more preference than older shares.

Signup for HashGains Mining

MyCoinCloud

MyCoinCloud is a product of Mint SH JSC, which is providing cloud mining services since 2015. Based on state-of-the-art technology, MyCoinCloud token MCC is used to buy shares and after you have done your payment, the subsequent dividends will be accredited automatically to your account. Another unique feature of MyCoinCloud is that by buying shares participants can be co-owners and can earn 8.5% monthly ROI as well.

How to use MyCoinCloud: You first need to register for an account. Purchase your preferred mining contract and start earning immediately. You can track all your transactions regularly and also do not have to worry about the technical details.

Signup for MyCoinCloud Mining

Hashing24:

Hashing24 was developed mainly for individuals who can easily access the bitcoin mining technology without getting into the intricacies and technical complications of cloud mining. The interface is very easy to use and it provides 24-hour customer support by a highly proficient team.

How to use Hashing24: Users have to first register which takes only about 2 minutes and then choose hashpower, which boosts the bitcoin mining process. Then you have to pay for your contract and the order is placed in the largest mining centre BitFury. The mining process starts automatically and you will start receiving bitcoins, which can be withdrawn on the same day. Hashing24 is one of the most stable futuristic cloud mining platforms with a very efficient technical support.

Signup for Hashing24 Mining

HashNest:

Launched in 2014, HashNest is one of the biggest cloud mining companies today. BitMain Technologies is the Parent company of HashNest and its headquarter is in Beijing, China. HashNest allows its users to participate in bitcoin mining through transactions of hashrates and the profits are instantly deposited in the BitMain Wallet. Participants can simply download the Mobile App and use it anywhere and anytime. PACMiC (Payout Accelerate Cloud Mining Contract) is another feature offered by HashNest. Here you don’t have to pay any costs after mining as BitMain already pays for you.

How to use HashNest: Users first have to register for a HashNest account and will simultaneously get a HashNest wallet. Then they have to deposit bitcoins into the wallet and buy hashrates and the cloud mining starts. The amount paid on HashNest is based on PPLNS or Pay Per Last N Shares method. There is a 2FA or two-factor authentication process for HashNest users for optimum security.

Signup for HashNest Mining

Final Words:

Hope you enjoyed this article and it will be useful for the user to find-out Best Bitcoin and Altcoin Cloud Mining For 2019 services. It is my advised that never go for any other cloud mining service as most of them are scam. Please share your feedback and experience with us in the comment section below and Let us know if you need any help. Happy Mining!!!

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Best Crypto Currency Exchange In India : Updated List 2019

Nowadays, trading bitcoins and buying or selling them is growing in India. Various websites are offering these type of bitcoin and altcoins trading services but only certain websites are categorized under the most-trusted category with reference to their easy usage and popularity. There are many websites and apps to buy and sell bitcoin in India. Here is the complete list of Best Crypto Currency Exchanges In India (Bitcoin + Altcoins)

Note: Due to the RBI circular, crypto exchanges are not able to let traders liquidate crypto assets. That means banks accounts can not be used for buying crypto anymore and similarly you can not sell crypto and receive Rupee in your bank account through exchange. To deal with it few exchanges has launched Peer to Peer Exchange (P2P) where users can buy and sell crypto directly to each other. Till the further order from authorities users will only be able to trade between multiple crypto assets on the exchanges listed below.

Best Crypto Currency Exchange In India

Koinex

koinex loop

Koinex is the most advanced, popular and reliable exchange in India. It deals with multiple crypto currency pairs including USDT. Koinex is the first India exchange which offered Taker-Maker model in Indian crypto market at a small trading fee. Users can access Koinex platform through desktop as well as mobile application. Koinex also launched P2P exchange where users can directly exchange, buy/sell their cryptos.

Visit Koinex Exchange

WazirX

wazirx

WazirX is a newly launched cryptocurrency exchange, started trading from 8th March, aims to become the most trusted cryptocurrency exchange operating in India. It plans to launch a fully functional crypto exchange that will support different cryptocurrency pairs, WazirX has also introduced its own token, the WRX Coin, you can earn 100 Free WRX by joining this exchange.

Visit Wazirx Exchange

Coinome

Backed by BillDesk, Coinome is one of the most trusted exchanges in this list and probably you can say one of the best. Bill desk is a popular payment collection gateway. Coinome is a place the whwere user can buy Bitcoin instantly truly as they offer E-KYC.

coinome

Unlike other exchanges, their KYC is not manual. Buyer has to enter Aadhar number which will be instantly verified through OTM on your Adhar mentioned the mobile number. You can easily deposit money into Coinome through e-transfer. Coinome supports multiple crypto coins, the list includes Bitcoin, Ethereum, and Litecoin.

Visit Coinome Exchange

CoinDCX

CoinDCX is a crypto-to-crypto exchange as well a p2p crypto exchange, which offers crypto users freedom to legally buy, sell and trade cryptocurrencies in 100-plus available pairs in BTC/ETH. CoinDCX also launched a p2p exchange is also known as DCXInsta. Trading fee at this platform is 0.20% only. CoinDCX platform is available in both web application as well as mobile app.

Visit CoinDCX Exchange

CoinDelta

CoinDelta is a relatively new exchange that offers to trade in multi-cryptocurrency. It is the first Indian exchange which provides multiple markets including ETH-INR, BTC-INR and LTC-BTC etc.

coindelta

Similar to other India exchanges they have strict KYC and you need to link your bank account before starting trading with CoinDelta. You can deposit INR in wallet via transfer (IMPS/ NEFT/RTGS). It charges a fee of Rs.20 for transfer per transaction. Currently, Coindetla supports Bitcoin, Ripple, Ethereum, Litecoin, Omisego, Qtum, and Bitcoin Cash.

Visit CoinDelta Exchange

BuyUCoin

BuyUcoin is another India’s market leader in Cryptocurrency market. It provides easy and trusted platform to buy, trade, store, and accept many cryptocurrencies like Bitcoin, Ethereum, Ethereum classic, List, NEM, Civic, Litecoin, Bitcoin Cash and many more.

Visit BuyuCoin Exchange

KoinOK

Koinok Exchange Review Interview with Founder

Launched a few days ago, KoinOK is a digit asset trading platform which offers users to buy and sell popular digital assets (cryptocurrencies) in an open order book. KoinOK trying to provide a one-stop solution for trading cryptocurrencies in India in a fast, easy and secure way. They are currently running in Beta mode and supported cryptocurrencies are Repple and Ethereum. Interview with KoinOk’s Founder

LocalBitcoins:

LocalBitcoins is a peer-to-peer exchange for Bitcoins. It is a marketplace where you can buy and sell Bitcoins to and from another user of this site. Read more on LocalBitcoins.

Localbitcoins review - Buy bitcoin face to face locally

It works similar to the concept of Quickr classified in India, traders, create ads with the price and list the payment method they want to offer. You can browse LocalBitcoin for trade ads and find out listings with a payment method you want.

Zebpay:

Founded in 2015, Zebpay is the first and mobile app based Bitcoin exchange in India. Zebpay is headquartered in Singapore and has offices in various parts of India. Users can buy, sell, keep and spend their Bitcoin using Zebpay app secured by a 4-digit pin and a fingerprint(optional). As instructed by authorities, Zebpay follows strong KYC and AML policies. Visit Exchange site

zebpay

Features of Zebpay:

User-friendly site.
Performs verification process upon user registration.
Support Bitcoin, Bitcoin Cash, and Litecoin.

Download App || Get Free Bitcoin With ZebPay

Ethx.in

Ethx.in is a platform that helps to buy the Ethereum and few other coins with the use of INR currencies. In this platform, you can easily trade the Ethereum unlike other platform. where a buyer also need a seller to perform the transaction. User can buy Ethereum directly on this platform without any wait.

Ethx.in Review Exchange

Ethx.in is currently working on INVITE only mode for new registrations. You will be able to join only through an invitaion of the existing user of the exchange. Normally, once apply for Signup, you will be in wait list and your KYC verification may take a bit long time. CoinFunda have partnered with Ethx, we are sharing our Invite code to with our audience to setup account on Ethx.in instantly.

You will also get ETH worth Rs. 200 once you created an account with the link below.
You will also get ETH worth Rs. 200 once you created an account here.

Join Ethx.in: Get Free ETH*

Unocoin:

It is a renowned bitcoin company in India and is highly recommended for new bitcoin users due to its user-friendly interface and easy usage facility. An attractive thing of Unocoin is that updates are made periodically with the implementation of various additional features. It is an exclusive platform for those users who made bitcoin investments as a System Investment Plan (SIP). Here, the maximum investment amount is 50 k and the investments are often made on a monthly, weekly or daily basis. The mobile application provided by Unocoin supports the transaction of bitcoins through mobile phones. Download from App store.

unocoin

Features of Unocoin:

Provides security with the help of an option called ‘2-step authentication’.
Sells bitcoin automatically.
Offers ‘Over the counter trading’ or OTC trading.
Offers a strong API integration facility for the purpose of bitcoin payments.
Delivers human-readable bitcoin wallet addresses with the help of an option called ‘Netki’.

History of Unocoin:

Unocoin was launched in Bangalore on September 28 at the Global bitcoin conference. It has been started with the investment of about 1.5 million US dollars ($1.5 million) made by the US and Indian citizens. At the time of its start, it holds around 30 employees and 100,000 users totally.

Characteristics of SIP or System Investment Plan:

It is a conservative methodology of acquiring bitcoins.
It offers low risk and efficiently cuts down the financial expenses.
It requires a fixed investment amount from the user at regular intervals.

BTCXINDIA:

It is an Indian website used for the purpose of Ripple trading only. (Visit BTCXndia)

BTCXindia

Features of BTCXINDIA:

Easy usage with regular trading updates.
Offers robust API facility.

User Registration:

The users have to fill the KYC form for initiating a bitcoin trade on this website. After filling the form, the users need to wait for 48 hours in order to get an approval. Only an approved user is allowed to access this site.

We will keep this article updated once we find out any new cryptocurrency exchange operating in India. Please provide your feedback related to above exchanges in the comment section below.

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Best Exchange to Buy Bitcoin In India

In the past days, trading of cryptocurrencies like Bitcoins was not that much familiar in India. But nowadays, buying and selling (trading) of bitcoins have gained a massive attention of the cryptocurrency traders in India. Offcourse, bitcoin trading is now considered as a highly profitable process, in comparison with the other cryptocurrency trading methodologies available in the market. Many exchanges are reported massive signups daily and due to the high amount of traffic to buy bitcoin in India sometimes exchange have to disable new user signups.

Recommended Article: Best Peer to Peer Exchanges in India

The profit rate in bitcoin trading mainly depends upon the type of trading platform chosen by the trader. It is really safe to go for Bitcoin purchase from a variety of sources (Bitcoin exchanges), instead of preferring a single source. Why because, if a trader buys a large number of bitcoins in a single exchange, the chances to adopt losses are extremely high. But if he goes for a variety of exchanges, he will acquire huge gain. The following are some of the notable platforms to buy Bitcoin in India:

Note: Due to the RBI circular, crypto exchanges are not able to let traders liquidate crypto assets. That means banks accounts can not be used for buying crypto anymore and similarly you can not sell crypto and receive Rupee in your bank account through exchange. To deal with it few exchanges has launched Peer to Peer Exchange (P2P) where users can buy and sell crypto directly to each other. Till the further order from authorities users will only be able to trade between multiple crypto assets on exchanges listed below.

Best Exchange to Buy Bitcoin in India- 2019

WazirX: WazirX, is just launched, act as a traditional cryptocurrency exchange with several different crypto pairs currently supporting Bitcoin, Litecoin and DASH trading. Wazirx will have its own exchange-backed token named WRX Coin, similarly, like Binance or Cobinhood, crypto platforms, have done in the past.

Visit WazirX Exchange

Koinex: It is a distinct Bitcoin trading website, which also supports some other cryptocurrencies including Litecoin, Ethereum, and Bitcoin cash and so on. Koinex has a tiered maker-taker fee schedule like Coinome.

Coinome: It is the best as well as an innovative exchange for bitcoin trading. It is a perfect marketplace for instant bitcoin purchase. It holds a simple, user – friendly interface, which allows even the new users to have accesstor this platform. In addition to bitcoins, it is also a supporter of Litecoins. A familiar but oldest payment collection platform called Bill desk is the backbone of this exchange. A unique feature of Coinome is that it contains an option called E– KYC, where KYC is done at an instant manner.

CoinDCX: CoinDCX launched crypto-to-crypto exchange as well a p2p exchange, where crypto users will have the freedom to legally buy, sell and trade crypto in 100-plus available pairs in BTC/ETH. CoinDCX p2p exchange is also known as DCXInsta. Trading fee at this platform is 0.20% only. CoinDCX offers web application as well as mobile apps to access this platform.

Visit CoinDCX Exchnage

Coindelta: It is similar to coinome and allows the trading of multiple currency types like bitcoins, litecoins, ethereum, and Ripple and so on.

Unique features of coin delta:

It is a simple but highly reliable platform for bitcoin trading.
It holds a better performance rate and facilitates faster payments.
It contains a special support team, which is available on a 24 * 7 basis.
It supports all kinds of crypto currencies.
It imposes only very low trading charges.

BuyUCoin: BuyUcoin is another India’s market leader in Cryptocurrency market. It provides easy and trusted platform to buy, trade, store, and accept many cryptocurrencies like Bitcoin, Ethereum, NEM, Civic, Litecoin, Bitcoin Cash etc.

LocalBitcoins: It is the one and only trading platform that accepts cash payments. It is designed especially for Indian traders. It ensures safety with the help of an aspect called two – factor authentication.

Unocoin: It is a perfectly suitable platform for beginners (new users) to perform bitcoin trading. It contains a simple user – friendly interface that facilitates the bitcoin investments in the form of SIP (Systematic investment plan).

Download Unocoin App

Zebpay: It is a simple, easier and faster exchange for Bitcoin trading. It is designed exclusively for those, who want to do Bitcoin trading in mobile phones. It has a special mobile application for the purpose of making trades and it fixes the best rates for bitcoin purchase. The users of this platform an make their secure transactions in the form of bits. You may download Zebpay from playstore. Read the article on How to get free Bitcoin on Zebpay.

The above listing is purely based on priority, which normally involves the aspects like easy usage and popularity.

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Best Mobile Apps To Buy, Sell and Trade Cryptocurrencies in India

What one understands about Bitcoin is that it is a cryptocurrency and world’s first digital system through which transaction takes place. This was one of the first and decentralized networks that came into existence in the year 2009. In this system, there is a direct link between the giver and the receiver. There lays no intermediate to hold onto the transaction or create any problems. Therefore the transaction simple and easy. Over the years people have trusted this network and so therefore now there are huge groups of a businessman, big to small companies use Bitcoin as the source of payment. There are few exchanges in India where users can buy, sell and trade cryptocurrencies in India.

Note: Due to the RBI circular, crypto exchanges are not able to let traders liquidate crypto assets. That means banks accounts can not be used for buying crypto anymore and similarly you can not sell crypto and receive Rupee in your bank account through exchange. To deal with it few exchanges has launched Peer to Peer Exchange (P2P) where users can buy and sell crypto directly to each other. Till the further order from authorities users will only be able to trade between multiple crypto assets.