Since the RBI ban on cryptocurrency exchanges in India, there has been a lot of confusion among users about whether they can still withdraw money from Binance. Binance is one of the world’s largest cryptocurrency exchanges and allows users to trade a variety of digital assets.
However, due to the RBI ban, Binance does not currently allow Indian users to buy or sell cryptocurrencies. Despite this, there are still a few ways that Indian users can withdrawal their money from Binance.
One way is to use a VPN. A VPN, or virtual private network, allows you to change your IP address and access websites that may be blocked in your country.
By using a VPN, you can trick Binance into thinking you’re accessing the site from another country where it’s not banned. This method is not foolproof, as Binance could eventually catch on and block your account.
Another way to withdrawal your money from Binance is to use an intermediary service. There are a few different services that allow you to convert your cryptocurrency into fiat currency (e.g.
USD, EUR, INR) and then withdraw it to your bank account. These services usually charge a fee for their services, but they provide a convenient way to get around the RBI ban.
Despite the RBI ban on cryptocurrency exchanges, there are still ways for Indian users to withdrawal their money from Binance. While these methods may not be 100% foolproof, they provide a workaround for users who want to access their funds.