Indians can trade Bitcoin and Altcoins after being banned ,every Indian Crypto Investor is interested to know the alternative ways to trade in Bitcoins after being banned by RBI ,Since RBI has not declared any disclosure of Crypto-exchanges operating in Bitcoins and Altcoins but RBI has given deadline of 3 months from April 5 ,2018 to stop all activities with Banks.So,for atleast three months Indians can trade Bitcoin safely but many of the people are looking for this remedy because people many of the people left their Jobs to focus on trading with bitcoins as it was providing more income to them with vindication.Many of investors and cryptocurrency Miners have shifted to foreign countries which has caused 'brain drain' to India.
India was legging behind in many technical areas and blockchain technology was embellishing investors and highly educated entrepreneurs to develop the Country.India was very late to introduce cryptocurrencies to citizens which gave rise to interest in some people and soon many people wend to trade these volatile and decentralized assets it caused vex to them which is really annoying to live in India.Many tyro's have quit trading and suffered a great loss from selling at low price after the sanction declared by RBI.
There are many ways to store Bitcoins after the disclosure of Crypto-exchanges operating in Bitcoins such as 'Zebpay' and 'unocoin'.
USE Cold Wallet - People can store Bitcoins and Altcoins in their own computer offline without any restrictions while hot wallet is the wallet provided by Exchanges such as Zebpay and Unocoin which have a risk to be hacked by attackers. read , Difference between cold wallet and hot wallet
After storing your bitcoins it is upto you ,you can hold your bitcoins safely or transfer it in a international wallets such as CEX.io ,Bithumb,Binance and then convert your tokens in fiat currency such as USD or EUR and then transfer it to your foreign relative or friend and then get your money back in your bank account.
Indians can trade bitcoin for 3 months but their are chances to closure of withdrawals anytime which has made this game more risky and conscious.But still Indians can trade bitcoin through P2P network ,which is also profitable as Indian Market is -$900 than international market , you can exchange bitcoins and convert it into fiat currency internationally.
India has gone back with decline of cryptocurrency just like 3 years back when it was difficult for Indians to trade bitcoins from their country,People who were interested to invest in crypto tokens they use to take help of relatives living in foreign countries , Moreover many international crypto-exchanges started taking allowing Indians to trade.
Indians can trade Bitcoin and Altcoins on
CEX.io
Bithumb
Binance