Exchanging crypto in India is quite a deal now. But RBI has given green flag to peer-2-peer trading hence it's not too risky to use Indian platforms for P2P if they are not involved in shady business. Well, it's also a point how could we know that exchange is fully legit. So yeah your point is correct. I personally use Remitano and it's working perfectly for me. Also there is no requirement to do KYC on Remitano (LocalBitcoins requires KYC). I recommend Remitano to Indian traders.
When RBI has given a green signal to p2p trade?? Can you please give me a documented proof?? P2P trade is even more riskier if you look from the perspective of a regulator. RBI didn't give any green signal to p2p trade as far as my knowledge goes! But if you can produce a documented proof, it will be a reality check for me!
By green flag I meant government and RBI have no problem from P2P crypto trading. Their only concern was the involvement of banks in such trading so they banned exchanges from using banking services.
Also Finance Minister said in one of his interview after the Finance Bill last year that people can still transact regular trading among themselves without any worries from government side.
Do one thing, next time when you transact online through bank, just write bitcoin in message, you will know what will happen to your account. P2P trading through bank account also not legal, if bank know, you are dealing in btc from their bank account they will just close your account.
