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      "author": "cryptobazaar",
      "permlink": "good-news-ultimate-solution-of-indian-exchangers-you-can-trade-in-bitcoin-even-after-5th-july",
      "title": "GOOD NEWS, Ultimate Solution of Indian exchangers. You can trade in bitcoin even after 5th July",
      "body": "![Good-news-750x400.jpg](https://cdn.steemitimages.com/DQmWKGfio3wDToYTkaP9RvNPKZgcJcXJkB918SPbuHST5HQ/Good-news-750x400.jpg)Whatever Supreme court's and RBI decision be on 3rd July and 5 July. Indian exchanges are in no mood to give ground. Earning of Indian exchangers like unocoin, zebpay, wazirx and koinex are in crore of rupees, in that case, it is quite an obvious they will not give up so easily. Indian Exchangers are bouncing back on RBI. According to my previous post, there are very fewer chances RBI to ban crypto but in a worst case, even if this happens we don't have to worry now, as there were always a multiple ways to withdraw your money in your bank account out of which Localbitcoin was of the most popular and safest option which is also said OLX of bitcoin and now two more new brilliant platforms are ready to solve this problem which are exactly same as Localbitcoin.![1_qxpmcL4BT7TFVNfxHeqGwA.jpeg](https://cdn.steemitimages.com/DQmWxHvN3Q9tBuBe5Mv6wjnqCiG9gKRaMxSgH84TFEXWgi3/1_qxpmcL4BT7TFVNfxHeqGwA.jpeg)\n\nWazirx will soon add new service on their exchange i.e Peer to Peer (also referred to as person-to-person transactions, P2P transactions, or P2P payments). This stands out to be the biggest good news till now.\n\nHow it works\n\nWell, suppose you have 1 BTC in international exchange and you want to sell it. All you have to do is move that 1 BTC on Wazirx and place a sell order at whatever price you want to sell. Now the person who wants to buy that 1BTC will click on the buy button as soon as he does that 1 BTC will move to the escrow account. Now that person need not have to send money on your Wazirx account, in fact, he can directly transfer that amount in your bank account and once he transfers the money in your account Wazirx will note that transaction detail and deliver that 1 BTC to the buyers Warizx account. In this case, it will clearly show person to person transaction and no involvement of any crypto exchanger in it.\n\nOn another hand, Koinex has taken an initiative to solve this problem and made an application just like Localbitcoin called Koinex Loop where with the help of Blockchain system, peer to peer you can do trading. However, this service is not active right now but hopefully is expected to get started from 6th of July.\nIn future, we can also expect  Unocoin and Zebpay to come up with similar kind of service that would be a great thing for us because Zebpay and Unocoin are said to be the biggest and popular exchanges of Indian.\n![hqdefault.jpg](https://cdn.steemitimages.com/DQmeU9dPVcSHrfq9XQLyYiYNiZUkrNe8vZgC2p6gsr1WcdW/hqdefault.jpg)",
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