zebpay/koinex withdrawal

zebpay/koinex withdrawal

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Deal Cadet
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Hi guys,

Today I sold my bitcoins on zebpay for ₹9000 which I bought long time ago for ₹25k, Now how to transfer money to bank. I tried, but its not reflecting. I read somewhere that now you cant transfer money after 9th July.

Also I have ₹5k in koinex account but there is no option to transfer to bank. It only asking wallet address.

Is my money stucked to all these wallets ? 😑

13 Comments  |  
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Independence day15
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koinex allow to withdraw before 9th july 2PM .
Zebpay already disabled transactions both deposit and withdrawal .

still you have many option to sell crypto in INR – bitbns (exchange) , instashift (p2p) , remittano (p2p)

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Deal Cadet
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1st u buy any cripto and send to binence exchange, sell their and tranfore money by paypal.. its easy

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dcp142 wrote:

1st u buy any cripto and send to binence exchange, sell their and tranfore money by paypal.. its easy

binance don’t have paypal option .

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Deal Subedar
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Mirror wrote:

koinex allow to withdraw before 9th july 2PM .
Zebpay already disabled transactions both deposit and withdrawal .

still you have many option to sell crypto in INR – bitbns (exchange) , instashift (p2p) , remittano (p2p)

What happened to localbitcoin ?
I heard koinex is also launching p2p exchange platform “loop” soon.

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Deal Subedar
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Koinex is taking withdrawal requests today. They will be processed later. Submit your request and wait for transfer to be processed.

Why choose the worst time to sell ?
You could have sold on zebpay as koinex markets trading at a discount or you could have sold a week or two before as we already knew what RBI deadline would do to prices.

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zafar_khan wrote:

What happened to localbitcoin ?
I heard koinex is also launching p2p exchange platform “loop” soon.

I don’t use localbitcoin , remittano dont ask kyc , neither instashift .
yes koinex and wazir x coming with p2p . bitbns have some other plans too .

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Deal Cadet
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zafar_khan wrote:

Koinex is taking withdrawal requests today. They will be processed later. Submit your request and wait for transfer to be processed.

Why choose the worst time to sell ?
You could have sold on zebpay as koinex markets trading at a discount or you could have sold a week or two before as we already knew what RBI deadline would do to prices.

Yes, I just saw they took requests till 2 pm today. After that stopped. pensive I have few bucks in Koinex INR wallet. Any idea how can I withdraw them or when will they reopen again for withdrawal?

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Deal Subedar
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asen wrote:

Yes, I just saw they took requests till 2 pm today. After that stopped. pensive I have few bucks in Koinex INR wallet. Any idea how can I withdraw them or when will they reopen again for withdrawal?

They did mention its possible they will give another chance to submit withdrawal if allowed by their banking partners. Or wait till they launch their p2p exchange you could buy and sell then. Or try buying some crypto then transfer to zebpay or any other exchange still accepting withdrawals.
Or just buy btc from koinex and sell on any p2p exchange mentioned above by @Mirror

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Deal Cadet
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zafar_khan wrote:

Koinex is taking withdrawal requests today. They will be processed later. Submit your request and wait for transfer to be processed.

Why choose the worst time to sell ?
You could have sold on zebpay as koinex markets trading at a discount or you could have sold a week or two before as we already knew what RBI deadline would do to prices.

What should I do now with ₹9000 of zebpay wallet ? Should I buy again bitcoin ?

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Deal Subedar
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kool wrote:

What should I do now with ₹9000 of zebpay wallet ? Should I buy again bitcoin ?

Investment decision should be your own.
If you want to withdraw inr bitbns and coindelta still taking withdrawals i think.

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Deal Cadet
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zafar_khan wrote:

Investment decision should be your own.
If you want to withdraw inr bitbns and coindelta still taking withdrawals i think.

What’s the procedure? I m saying, I have ₹9k in zebpay wallet, should I convert my INR to bitcoin first or can I transfer directly ?

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kool wrote:

What’s the procedure? I m saying, I have ₹9k in zebpay wallet, should I convert my INR to bitcoin first or can I transfer directly ?

prices of bitcoin are high on zebpay even more than international prices . while prices on other indian exchanges like bitbns and P2P are lower than international exchanges .

difference between zebpay and bitbns is almost 10-15%

also if you buy btc and transfer it to other exchange then there will be withdrawal fee of 0.0005 btc (250rs) . you can buy ripple to save this fees .

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Deal Subedar
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kool wrote:

What’s the procedure? I m saying, I have ₹9k in zebpay wallet, should I convert my INR to bitcoin first or can I transfer directly ?

Yeah you would need to buy Bitcoin or any other altcoin trading on zebpay and the exchange you want to transfer for withdrawal.
If you have kyc account on any of them then do check if there is liquidity on the pair you want to buy and sell on the other exchange.

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