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RE: Steem India: Now Trade Steem/INR Pair Directly But There's A Catch!
When I converted my hard earned 10 Steems to Bitcoin through blocktrades, they had charged flat 1.2 Steems as fee! In zebpay they charged their share. In the end what I got was a petty amount in INR. It was in last month.
But when I converted 25 SBDs last week through blocktrades, the fee was a mere 0.14 SBDs. What I did was to convert my SBDs to litecoin. And also the process was much faster. I sold it in zebpay for INR and converted some money to EOS. EOS's value is surging in a daily basis. Anyway I got ₹4000 in my bank account and have ordered a Google Chromecast through Paytm so that I can use Steemit in my TV.
Good but next time try Ripple. Ripple transfer fee is 0.02 Ripple . Even Dash transfer charges are very less. I think 0.00001 Dash. But India exchange must needed Ripple or Dash so you can withdrawal to INR easily. I always use Ripple to transfer to any exchange.
But you can't convert Steems to Ripple using blocktrades. And some coins listed in blocktrades are not available in Zebpay. I think zebpay is a great exchange because even the soon to be imposed bans are unlikely to affect it as its headquarters is located in Singapore
Bro make Bittrex and Binance Account. You can transfer SBD and Steem but Binance only Allowed Steem. So transfer there and exchange to Ripple and again transfer to Indian exchange.
Bittrex has opened up new registrations. Get an account and verify. Meanwhile you can use binance to sell Steem. You can use the internal market for a SBD->Steem quick conversion. Send Steem to Binance and sell it for btc. You will probably pay less this way compared to blocktrades.
Getting a working bittrex account is important. I've recommended it to a few people who were unable to get accounts before. But there's a small issue. Even though the verification happens quickly, they take a while to enable the account which in some cases remains disabled for some people for many days.
Yes, I couldn't open a new account in Bittrex last month. But today everything worked fine and I opened accounts both in binance and Bittrex. This is the time to experiment!