On March 4th 2020, the Supreme Court of India announced to lift the 2-year ban on the crypto exchange. These restrictions were imposed by the Reserve Bank of India in 2016.
The central bank had restricted all sorts of crypto transactions in India. The main purpose of lifting these restrictions was to allow Indians to tap into the virtual markets.
If you are in the cryptocurrency market for a while now, you must be aware of the crypto exchange process. Basically, users get a chance to trade cryptocurrency for fiat money and vice versa. You could also exchange cryptocurrency for cryptocurrency.
For example, CoinSwitch Kuber app has the largest number of crypto coins available for traders. It allows you to convert your Litecoin or LTC to INR. Similarly, you get to convert more than 100 crypto coins into Indian Rupees. You could also hold cryptocurrency for a while before selling it.
CoinSwitch Kuber App
All these virtual transactions take place on a credible and popular crypto exchange platform. That’s where the traders need to do research on the reliability and transparency of the crypto trading platform.
You can’t just sign up on a random crypto exchange and expect the best deals. Only a notable and trustworthy crypto exchange app can offer you the real-time update on the cryptocurrency value.
One such app that is trending these days is CoinSwitch Kuber. This crypto exchange platform enables users to convert Bitcoin, Litecoin, Ethereum, and XRP to INR seamlessly.
The company guarantees hassle-free and 100% secure transactions. The best part is that they have launched a mobile app for Android and iOS users. Now, you can set up an account on CoinSwitch Kuber app and get started with the cryptocurrency trading in no time.
Let’s take a look at the process of trading crypto coins on CoinSwitch Kuber app.
- Register an account on CoinSwitch Kuber app by entering your contact number and the requested personal details.
- You will be asked to send a copy of your PAN card, Aadhar card, and other such government-issued ID proof for an account and identity verification. The company might take a few business days to review your details and verify the account.
- Once your account is verified, you can link your bank to the CoinSwitch account to process deposits and withdrawals.
- Deposit fiat currency into your CoinSwitch account to buy crypto coins.
- Similarly, you can withdraw your earnings from CoinSwitch to your bank account.
The company gathers real-time information concerning the cryptocurrency rates in India. You don’t have to look for the crypto rates on other websites and apps. CoinSwitch Kuber is the all-in-one platform, featuring the latest data and crypto rates.
Designed for Indian users, it goes without saying that CoinSwitch accepts payments in Indian Rupees. You get to deposit and withdraw money in the Indian currency. Once you have completed the KYC process, you can start to trade crypto coins or fiat money for cryptocurrency.
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