Author: Jagdish Kumar, India
Working with an aim to bring Blockchain technology to India, Pune based cryptocurrencies exchange, Coindelta has announced that it has reintroduced Indian rupee (INR) deposits, withdrawals.
Announcing this, Coindelta in a statement said, “We have resumed back the INR Deposits and Withdrawals on Coindelta. Not only this, your old favourite INR Markets are back where you can trade with your INR.”
The exchange also said that users can deposit by using unified payment interface (UPI) and immediate payment service (IMPS). UPI deposits are better options for faster settlements.
Under the UPI mode, the exchange also suggested other application for transferring funds that includes as Bharat Interface for Money (BHIM), TEZ (Google Pay), PhonePe etc.
The minimum deposit and withdrawals limit is INR 1000 and INR 500 respectively, but there is tap on maximum withdrawals limit that is capped at INR 200,000.
The exchange will also charge 0.2% as a peer fee on every deposit or withdrawal request, which will be deducted from the users account.
To lure users on depositing INR, the exchange is also offering INR 100 on first deposit made after Sep 3, 12:00 PM into Coindelta.
However, this offer is only for first 100 users that deposit INR in their Coindelta wallet, the exchange clarified.
Apart from this, Coindelta is also announced trading carnival competition, where a user can win INR 5000 through INR-BTC, XRP, EOS, ZRX, ETH, TRX trading. The competition will end on 10 September 2018.
Pune based exchange has launched its peer-to-peer platform, Flux to trade Bitcoin and other cryptocurrencies in 5 July 2018. This was became operational the day, when Reserve Bank of India (RBI) ban on the banks to stop providing services to the companies or individuals dealing in virtual currencies.
By using Flux, users were able to trade Bitcoin, Ethereum, Ripple, and USDT. USDT is a stable cryptocurrency the price of which is pegged to $1.
Image credit: Coindelta