When it comes to the Bitcoin ecosystem in India, ZebPay is among the most well-known Cryptocurrency exchanges. ZebPay left India after the first announcement of the ban by the Reserve Bank of India, but has since returned. If you're searching for an option to ZebPay, we've come up with a listing of a few of the top options for Indian customers.

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What is ZebPay?

ZebPay is an Indian Cryptocurrency trading system which made its debut in October 2014 with the release of a Bitcoin wallet. ZebPay is a well recognized name in the Cryptocurrency industry, processing over $3 billion in transactions every month across 160+ countries, $2 billion in fiat transactions, and $3 billion in Crypto exchanges. Cryptocurrencies may be bought, sold, stored, as well as used with the help of the trading system.

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For Indians who wish to trade Cryptocurrencies in 2022, ZebPay offers the following options:

        1. WazirX

One such well-known P2P Cryptocurrency exchange in India is WazirX. An innovative and seasoned founding team set out to bring every Indian citizen into the blockchain revolution. To address this issue, they have developed a novel P2P trading platform that allows users in India to use Indian Rupees (INR) for both deposits as well as withdrawals whilst exchanging Cryptos. Here's how to do it, for instance, if you have 5,000 Bitcoin (BTC) valued around 3.4 million Indian Rupees (INR) and you want to sell it: You may get 5,000 USDT when you trade in your Cryptocurrency. Because our USDT market is so liquid, your transactions will go through immediately. Because USDT is a stable currency, it's worth would not change as quickly as it does with other Cryptocurrencies. Use WazirX P2P to sell your $5,000 USDT. If you sell 5,000 USDT on WazirX peer-to-peer, the buyer would pay you in the equivalent of Rs. 3.4 Lakhs.

WazirX provides a unified and potent trading environment across all devices and operating systems, including the website, Android, iOS, Windows, as well as Mac. You will fall in love with how quick trading is on the WazirX platform. Top-tier biometric identification systems can complete your Know Your Customer (KYC) checks in a matter of hours, all while adhering to the appropriate KYC standard. As a result of our efforts, validation periods will be drastically shortened. WazirX has been designed from the ground up to include powerful graphs, mobile applications, and so forth.

        2. Bitbns

Bitbns is really an Indian Cryptocurrency exchange that launched in December 2017 and was created by a group of recent IIT grads who are also Cryptocurrency aficionados. From day one, the Bitbns group has made user friendliness, safety, as well as service a top priority. Amidst challenging circumstances in the Indian Crypto ecosystem, the Bitbns team has been at the forefront of developing a novel P2P model for the exchange of Cryptocurrencies and INR.

        3. LocalBitcoins

LocalBitcoins is the first decentralized Bitcoin trading platform worldwide, and it is open to users from India. Here, you may arrange to meet up with other buyers and sellers locally who are interested in making a Bitcoin trade. Bear in mind that it solely supports Bitcoin deals. Cash, NEFT, IMPS, Paytm, and other electronic payment services are all accepted here.

        4. LocalCryptos

Based on the model of LocalBitcoins, LocalCryptos enables decentralized Ethereum transactions between users directly. Help is at hand, however, in the form of Indian merchants on LocalCryptos, with whom you may make transactions using a variety of payment methods including NEFT, IMPS, UPI, Paytm, Cash, and so on. Each year, criminals rob billions of dollars from centralized exchanges. Nearly every week, a new multimillion-dollar robbery occurs. For this reason, non-custodial systems are safe against these types of attacks since they do not store customers' secret keys. Users on LocalCryptos conduct transactions directly with one another, as opposed to through us. By using smart contracts and decentralized wallets, LocalCryptos facilitates the buying and selling of Cryptocurrencies without the need for a central authority. We made LocalCryptos appear as well as experience like a regular custodial system, thus users do not even have to be a Crypto specialist to conduct an exchange, despite the fact that it's considerably more safe. Because we are a decentralized, P2P marketplace, we never have access to your Cryptocurrency, neither during the escrow process.

The Bottomline

So ends my guide on how to use Indian Rupees (INR) to buy and sell Cryptocurrencies in India following ZebPay being shuttered. If I learn of any more trustworthy exchangers in addition to Zebpay, I will add them to this post. I pray that these options will assist you satisfy your need for Cryptocurrency. Use a safe Cryptocurrency wallet wherein you own the secret keys, like a Ledger Nano S, and avoid keeping your coins/tokens on these exchanges. The floor is now yours to suggest other venues via that you are yet able to trade Bitcoins in India.

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.