How to transfer crypto from Binance to Indian exchanges? (2024)

FAQs

Why is Binance not working in India? ›

Binance was banned in response to its non-compliance with anti-money laundering laws in the country. One of the sources quoted in the report said it was “unfortunate” that it took Binance more than two years to realise “there is no room for negotiations and no global powerhouse can command special treatment”.

Binance, one of the world's biggest cryptocurrency exchanges, has officially registered with India's Financial Intelligence Unit (FIU-IND). This registration is significant because it allows Binance to operate legally in India by complying with local regulations, specifically anti-money laundering (AML) rules.

Yes,you can transfer funds from WazirX and Binance easily without any fees. WazirX is India's most trusted Bitcoin and cryptocurrency exchange & trading platform.

Main Takeaways. When you transfer assets from your Binance Funding Wallet to your Trust Wallet account, you won't even need to scan/input a wallet address. Only need to click “Deposit from exchange” on Trust Wallet App. What's more, no extra fees except blockchain gas fees.

Binance is finally back in India after a seven month ban. This has served as a 78th Independence day gift to the Indian crypto community. Let's explore the journey of Binance from a ban to fully function and what this means for the Indian crypto ecosystem.

The finance ministry had directed the information technology ministry to block the URLs. Sources privy to the development told Moneycontrol that a few of these platforms were blocked in India including Binance, Kucoin and OKX.

Binance has an overall rating of 4.5 out 5 stars based on 184 user reviews on Capterra.

Log in to your Binance account and navigate to the "Fiat and Spot" wallet. 2. Click "Withdraw," then choose the fiat currency you want to withdraw. Make sure your bank account supports this currency.

How can I access my Binance account in India? ›

India has 6 trusted exchanges available for you to sign up for, with the most popular being Binance and Kraken, which account for a combined 225,000,000 active users. After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.

How can I deposit INR in Binance to trade cryptocurrency? We cannot directly deposit INR in the Binance wallet. However we can use the P2P trading method to get cryptocurrencies that will be in your Binance wallet.

Crypto traders in India can no longer cut 'cash deals' on Binance, the world's largest cryptocurrency exchange. Until recently, local punters could use the 'escrow service' offered by the offshore exchange to post a buy or sell order on the exchange platform and close a transaction by making payment in rupees here.

Yes, it's perfectly legal to use a VPN with Binance.