Question Regarding India and Nigeria - crypto exchange

newIndia

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Quote from: agentF on October 01, 2022, 09:48:44 AM

Hey Fellas,

I was wondering. I'm the founder of PNNV.com and im always looking for ways to expend my business.

Which crypto exchange is the most popular in India or Nigeria?

What's the preferred exchange method?

What are the FEEs they are taking there?

Agent.

Sorry for being almost a year late to respond to your query. Current Crypto scenario for on & off ramping in India is a bit dicey. Volume at WazirX, UnoCoin or other KYC exchanges registered in India are mostly dried up. This has happened because of 1% TDS and 30% income tax implementation since April 2023. Direct deposit or withdrawal does not work on most as most Indian exchanges got their bank accounts frozen. People, being forced to use P2P, have mostly shifted to foreign KYC exchanges like Binance/KuCoin/MEXC etc. Many have shifted to non-KYC P2P exchanges like HodlHodl/LocalCoinSwap/AgoraDesk/LocalMonero etc. Lately, P2P on Telegram through their Crypto Wallet service is also on the rise. You'll need to check these services for their respective fees structure.

OmegaStarScream

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Quote from: agentF on October 01, 2022, 10:15:54 AM

The volume is really low, how does it work, you need to deposit INR in Wazirax's bank account and they credit your account?
Could you elaborate on the process?

Yes, here's a step-by-step guide on how to do it (including the supported methods, limits, process time, etc.):

https://wazirx.com/blog/how-to-add-a-bank-account-and-deposit-inr-on-wazirx/

Bobrox

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I have less information about Nigerian trader what exchange used for withdrawing their fund, but I know with Indian local exchange market with WazirX. I know with this exchange market for India trader withdrawing their fund to local bank because ever make an airdrop with Wazir X coin send to all new member created account then submit KYC.
Last update have bad news with the WazirX exchange market because get trouble with their government about banned but I see this exchange market still available until right now, hope both countries between Nigeria and India have ability to withdraw their cryptocurrency assets trough there have banned with cryptocurrency.

agentF

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PNNV.com - Live Bitcoin price

Quote from: OmegaStarScream on October 01, 2022, 10:12:07 AM

Quote from: agentF on October 01, 2022, 10:05:07 AM

Do you have any idea what's the exchange methods?

INR to Crypto or how?

Yes, you can use INR. You can either check the fees page I gave you, or CMC[1]. Both links should have all the trading pairs listed.

[1] https://coinmarketcap.com/exchanges/wazirx/

The volume is really low, how does it work, you need to deposit INR in Wazirax's bank account and they credit your account?
Could you elaborate on the process?

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: agentF on October 01, 2022, 10:05:07 AM

Do you have any idea what's the exchange methods?

INR to Crypto or how?

Yes, you can use INR. You can either check the fees page I gave you, or CMC[1]. Both links should have all the trading pairs listed.

[1] https://coinmarketcap.com/exchanges/wazirx/

agentF

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PNNV.com - Live Bitcoin price

Quote from: OmegaStarScream on October 01, 2022, 10:00:46 AM

I'm guessing you're referring to fiat exchanges? I can't speak about Nigeria but for India, I know that WazirX is the largest one[1].

I'm not sure for how long though with the current layoffs[1] and ongoing investigations[2].

[1] https://wazirx.com/fees
[2] https://www.coindesk.com/business/2022/10/01/indian-crypto-exchange-wazirx-lays-off-40-of-its-employees-sources/
[3] https://www.coindesk.com/business/2022/08/05/indian-government-raids-director-of-binance-owned-crypto-exchange-wazirx-freezes-814m/

Do you have any idea what's the exchange methods?

INR to Crypto or how?

OmegaStarScream

staff

Activity: 3500

Merit: 6152

I'm guessing you're referring to fiat exchanges? I can't speak about Nigeria but for India, I know that WazirX is the largest one[1].

I'm not sure for how long though with the current layoffs[1] and ongoing investigations[2].

[1] https://wazirx.com/fees
[2] https://www.coindesk.com/business/2022/10/01/indian-crypto-exchange-wazirx-lays-off-40-of-its-employees-sources/
[3] https://www.coindesk.com/business/2022/08/05/indian-government-raids-director-of-binance-owned-crypto-exchange-wazirx-freezes-814m/

NdaMk

full member

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Defend Bitcoin and its PoW: bitcoincleanup.com

Nigerians currently trade more on P2P since the ban of cryptocurrency trading In the country. Exchanges like Binance, KuCoin, Paxful and Luno are mostly used

agentF

sr. member

Activity: 439

Merit: 325

PNNV.com - Live Bitcoin price

Hey Fellas,

I was wondering. I'm the founder of PNNV.com and im always looking for ways to expend my business.

Which crypto exchange is the most popular in India or Nigeria?

What's the preferred exchange method?

What are the FEEs they are taking there?

Agent.

Topic: Question Regarding India and Nigeria - crypto exchange (Read 132 times)