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BUSINESS·2 min read·Sep 02, 2021

Krypto pay – the newest block in Indian FinTech Blockchain

Cryptocurrency has become very popular in India in the last few years. Despite the popularity, the Reserve Bank of India had imposed a ban on all sorts of crypto trading which restricted banks and financial institutions from providing access to banking services to those engaged in transactions in cr

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Cover image forthcoming · Plate 01 · Photographed for The Entrepreneur Story

Cryptocurrency has become very popular in India in the last few years. Despite the popularity, the Reserve Bank of India had imposed a ban on all sorts of crypto trading which restricted banks and financial institutions from providing access to banking services to those engaged in transactions in crypto assets.

However, this ban was lifted in March 2020 by the Supreme Court of India, and thereafter, people were able to perform crypto-to-crypto trading as well as crypto-to-Indian Rupee currencies. One platform that particularly helped people in such trading was Krypto.

Krypto is a cryptocurrency trading platform that is growing by leaps and bounds in India. It was founded by Vaibhav Vats Shukla ( a former sports agent to MS Dhoni & Bhuvneshwar Kumar) and Lakshminarayanan Bhuvaneswari Shaaran (20 year old VIT/Harvard dropout & bright wunderkind Entrepreneur from Chennai).

The platform has managed to gain the attention of many big crypto traders in the last few months. However, many people are asking questions like is Krypto safe in India? If it is the question that haunts you, then do not worry, here is all you need to know about it.

Krypto is a digital platform where users can trade various cryptocurrencies and coins. It allows them to buy, sell, trade, and make payments using cryptocurrency at any store in India. It ranks amongst easy-to-use platforms with many competitors in the nation. With more than two lakh customers and 100 million dollars in trading value, Krypto is indeed a safe platform for crypto exchange.

The USP of Krypto is the fact that all the transactions on the platform are free of any charge. Most crypto exchange platforms charge 0.2% or more as commission on every transaction. They also charge money for withdrawing and it ranges from Rs. 5-10 depending on the method of withdrawal used.

Krypto, on the other hand, encourages users to perform hassle-free crypto exchange with its Exchange, Crypto Pay, Send Crypto, and Instant and Free Deposits and Withdrawals features. It also offers users 24×7 customer support.

Krypto is trusted by over 3,00,000+ users and garnered a trading volume of over 1500 crores in a short period since the launch in February 2021.

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