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Crypto exchanges suspend crypto withdrawals, INR deposits: Check who’s allowing, who’s not

Deposits, Allowing, Investors, Enhancing1 min read

Indian investors face up to the reality of declining value of digital assets after the crypto market plunged more than 50 per cent and hit an 18-month low. WazirX and CoinDCX have paused all withdrawals and deposit services via any mode of net banking, such as NEFT, or IMPS. On Coinswitch Kuber, NEFT (IMPS) and RTGS are available for INR deposits and withdrawal on the P2P market. CoinDCx has only paused crypto withdrawals, which means users won’t be able to deposit or withdraw their assets. Coinswan Kuber has also suspended crypto withdrawal services, citing KYC requirements, citing compliance, risk and monitoring requirements. The platform responded to a Twitter user, saying deposits and Source

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