Indian exchanges are main reason for all these problems. People deposit money in their (exchange) account and it never reflects. They make tickets and yet no one responds or returns money for months. Same happens with withdrawal.people withdraw money but money never reaches their bank account. Given all these factors people approach court. Because of cases like these it gives an impression that bitcoin is a ponzi scheme. A scam basically. This results in action from government. in order to their citizen the government gives bizzare statement like these.
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@themobilewriter I think zebpay and unocoin are doing good, isn't that true?
It is zebpay that i am talking about. There are many who withdrew their money and it didn't reach their bank account even after 2 months. Similarly there are cases where people added money to zebpay and it didnot get added even after a month. They created tickets but all they got was assurance. Given all these factors many have approached law firms to get their money back. If this is the situation of zebpay then i wonder what could be the case of other exchanges.
@themobilewriter think of zebpay a middle man for you to start with crypto, If zebpay is creating any issues you can go for other options such as
https://cex.io/r/0/up104633673/0/ (Buy/Sell BTC/BCH/ETH & now XLM with Credit/Debit Card)
I had heard about cex.io. but do they support Indian debit cards? If you or anyone else has any knowledge then put some light on this.
Yes, many of my friends have used their Indian Debit/Credit Cards for buying cryptos on CEX. Also just a catch that card should be in the same name of account owner as it needs to be verified. :)
Hope that helps, consider signing up with my ref link mentioned above, if possible (No harm for you anyway) @themobilewriter
I will do that while joining. Already saved the referral link on a notepad.