Koinex and WazirX give us solution after July 5th

With the July 6th deadline closing Indian exchangers Koinex and WazirX give solution through Loop — a Peer-to-Peer network for digital assets transactions using fiat currency.

P2P Transfer on a crypto exchange
Here’s how it works:

1. Koinex and WazirX connects the person looking to buy crypto for INR with someone who’s looking to sell crypto for INR
2. The seller deposits the crypto with Koinex and WazirX
3. Koinex and WazirX escrows the crypto for safekeeping during the transaction
4. The buyer pays INR to the seller
5. Koinex WazirX releases the crypto to the buyer as soon we get a confirmation from the seller.