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How will I be able to withdraw my money if banks are no longer dealing with Cryptocurrency Exchanges? What will happen to my assets (cryptocurrencies)?

How will I be able to withdraw my money if banks are no longer dealing with Cryptocurrency Exchanges? What will happen to my assets (cryptocurrencies)?

As of now, the status of cryptocurrencies in India is unregulated. RBI is a banking regulatory body, but it is not a legislative body. It can set directive regulations for the bodies that come under its defined authority, but cannot control or penalize other businesses or individuals. But still, if you are a hassle about the current scenario you can still opt for Coindelta - India's most trusted Cryptocurrency Exchange Platform.

How will Coindelta operate even after RBI restricts Banks to deal with Exchanges?

Since the dawn of Coindelta, it's main was to take India a bit closer to Blockchain, hence keeping the same aim in mind Coindelta is up with a brand new product "Flux: A Peer to Peer Cryptocurrency Exchange Platform." A Peer to Peer Cryptocurrency Exchange platform allows people of the market to trade directly with each other without any trusted third party to process all trades. So instead of matching orders in the order book, a P2P exchange matches the people behind the orders and lets the trade executed by the terms of the people directly to their accounts by the means of transfer mode they opt. P2P exchanges are practically invulnerable to government interference because they don't have any central point of authority which could be coerced. Thus making all your assets safe with us on Coindelta. If you are panicked about the current cryptocurrency scenario in our country we highly recommend every Indian cryptocurrency trader to move their assets to Coindelta Wallet by signing up, you will get a free wallet upon creating an account on Coindelta. Flux will be integrated with Coindelta exchange Platform seamlessly. Flux: Peer to Peer Exchange Platform. Flux will enable you to trade all the digital assets available on Coindelta with INR. The main features of Flux are :

  • All your favourite payment methods such as NEFT, IMPS, e-wallets, UPI
  • Buyers will be able to send money directly to Sellers
  • Flux will provide digital wallets to store your assets safely
  • In the beginning, you will be able to trade BTC, ETH, XRP, and USDT
  • A faster dispute system powered by technology
  • A robust feedback and rating system to avoid bad actors

Coindelta is highly appreciated for the beautiful user experience, support and robust security with the very belief we are up with Flux to provide a great trading experience for users with an additional Crypto-USDT markets that allow users to trade other tokens on the current platform.

What is USDT?

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency. Basically, USDT is a stable cryptocurrency.