Author

Topic: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin (Read 8487 times)

sr. member
Activity: 861
Merit: 423
It is very hearting to see an INdian developing a platform such as this, I know you are still in beta stage and there's lot to work on, I wish you all the best! I will try how I can to promote you!

Thanks for the kind words. Anyone wish to voluntarily promote 100bit.co.in or their own profile on 100bit.co.in, may use the signature codes listed here - https://bitcointalksearch.org/topic/100bitcoin-signature-campaign-earn-01-btc-bi-weekly-just-by-posting-1079681.
member
Activity: 90
Merit: 10
I believe in Bitcoin!
After months of work we are close to release this product...

www.100bit.co.in

100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Joining is free and exchange cost per trade is 0.1% of the trade amount.

Key Features :-

1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading.

2. Bitcoin can be traded against both FIAT & Alt coins.

3. Trading cost 0.1% of the trade amount.



Please note that, right now, we are in early BETA. Also https is not yet implemented. So, it is recommended NOT to trade big volume for now. Your feedback for any improvement is highly appreciated.

It is very hearting to see an INdian developing a platform such as this, I know you are still in beta stage and there's lot to work on, I wish you all the best! I will try how I can to promote you!
full member
Activity: 271
Merit: 117
In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience.

Had some trade on 100bit.co.in. Apart from low volume, there is no other complain for now. Keep going...
sr. member
Activity: 861
Merit: 423
In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience.
You need new servers and higher bandwidth. A more intuitive UI design (PM me I can help with design). Most importantly you need international traders. Dont market it as an Indian website.

Edit: PS : If you want real reviews create a non self moderated thread.

Thank you for your input. We have a thread for international traders, which is not moderated either - https://bitcointalk.org/index.php?topic=526706.100. Even in this thread, we have not moderated any comment so far. Regarding bandwidth, we are using CDN and the site is optimized. So, speed should not be a problem. Thanks again...
hero member
Activity: 1778
Merit: 764
www.V.systems
How easy is it to run a bitcoin exchange in India?
Didn't the RBI warning / ED raids result in exchanges shutting shop?

Its not illegal to do btc based businesses in India, its not legal either. Govt is interested but kinda shy.

Follow their KYC norms & you'd do just fine like uno / cs have done.
Btx shut it's shop cuz their bank chickened out.
hero member
Activity: 1778
Merit: 764
www.V.systems
In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience.
You need new servers and higher bandwidth. A more intuitive UI design (PM me I can help with design). Most importantly you need international traders. Dont market it as an Indian website.

Edit: PS : If you want real reviews create a non self moderated thread.
sr. member
Activity: 861
Merit: 423
In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience.
legendary
Activity: 2226
Merit: 1052
Why only LiteCoin & DogeCoin are listed among AltCoins ? Why dont you add other popular ones, like Stellar, NXT etc. ?

Depending on the demand we will be adding up more gradually.

Ok. Placed a small trade recently. It was executed swiftly. Nice experience. Will use it again...

Just a small suggestion, try to increase the volume. Sometimes the INR trades are empty.
sr. member
Activity: 861
Merit: 423
Why only LiteCoin & DogeCoin are listed among AltCoins ? Why dont you add other popular ones, like Stellar, NXT etc. ?

Depending on the demand we will be adding up more gradually.
legendary
Activity: 2226
Merit: 1052
Why only LiteCoin & DogeCoin are listed among AltCoins ? Why dont you add other popular ones, like Stellar, NXT etc. ?
sr. member
Activity: 861
Merit: 423
1) By when are you expecting the 100Bit.co.in to be started?

You might start testing the platform with small amount.

2) How different it will as compared to coinsecure?

100bit.co.in is more like LocalBitcoins, but it allows Alt coin trading and does not require you to keep your fund deposited with us.

3) What is the base location?

There is nothing location specific here. We are open for the global user base.
hero member
Activity: 700
Merit: 500
1) By when are you expecting the 100Bit.co.in to be started?
2) How different it will as compared to coinsecure?
3) What is the base location?
member
Activity: 178
Merit: 22
Kindly provide the details of the people who are involved with 100Bit.co.in

I dont think they'll disclose their identity in public forum before they get their legal status worked out...

Need some information about the company on the site. Who is running the site?

As of yet, we are in Beta (i.e. testing phase), and not an independent legal entity. Our legal team is working on the independent legal status, which is a bit grey area as we do not handle any FIAT at our end.
hero member
Activity: 700
Merit: 500
Kindly provide the details of the people who are involved with 100Bit.co.in
sr. member
Activity: 861
Merit: 423
Sorry to keep you guys waiting. We have done some changes in the platform. You are now free to join. If you face any problem, feel free to report here...
full member
Activity: 271
Merit: 117
Good to see that it has been launched. Why not give me a referral ? I'd like to join...
sr. member
Activity: 861
Merit: 423
New 100bit looks cool.... all the best for the new venture. Thanks for a multi crypto exchange was very much needed in India. Kudos.

Thank You...

So it's finally up!
Seems good!
am in for now Cheesy

Edit: it needs a referal code Undecided

Sent PM...

It says:
"Please have 0.01 BTC ready along with transaction fee (around 0.0101 BTC is enough). You need to pay that amount at the time of email confirmation."
Why do you need 0.01 BTC for registration? Can you explain the rationale behind this?
100bit.co.in is an invitation only platform. It requires a referral & 0.01 BTC to join 100bit.co.in. An user earns 0.003 BTC from each referral joining.

Also it does not seem like a real-time platform like coinsecure.. After placing orders, I need to send funds. How is this different from localbitcoins? What would be the benefits for me?
Indeed it is more like LocalBitcoins, but it allows Alt coin trading and does not require you to keep your fund deposited with us.

For altcoins, why would I use this over other exchanges?

i. In case of any security breach, there is no chance that your fund will get affected, unless you have a live trade exactly at that time.

ii. 100bit.co.in trading fee is same for all volume of trade. It is 0.001 BTC flat for each trade.

Need some information about the company on the site. Who is running the site?

As of yet, we are in Beta (i.e. testing phase), and not an independent legal entity. Our legal team is working on the independent legal status, which is a bit grey area as we do not handle any FIAT at our end.

Are deposits and withdrawals automated?

FIAT/ALT coins move directly between users. Only bitcoin remains on hold with 100bit.co.in, when a trade is in progress. Deposit & Withdrawal of bitcoins are automated.
legendary
Activity: 1001
Merit: 1005
Few questions to the site owners:

It says:
"Please have 0.01 BTC ready along with transaction fee (around 0.0101 BTC is enough). You need to pay that amount at the time of email confirmation."
Why do you need 0.01 BTC for registration? Can you explain the rationale behind this?

Also it does not seem like a real-time platform like coinsecure.. After placing orders, I need to send funds. How is this different from localbitcoins? What would be the benefits for me?

For altcoins, why would I use this over other exchanges?

Need some information about the company on the site. Who is running the site?

Are deposits and withdrawals automated?

legendary
Activity: 2828
Merit: 1222
Just looking for peace
So it's finally up!
Seems good!
am in for now Cheesy

Edit: it needs a referal code Undecided
newbie
Activity: 46
Merit: 0
New 100bit looks cool.... all the best for the new venture. Thanks for a multi crypto exchange was very much needed in India. Kudos.
sr. member
Activity: 861
Merit: 423
Happy New Year bitcoiners Smiley

A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community...

www.100bit.co.in

I think you are going to be the first exchange to offer direct trading between alt coin & bitcoin. Would be interested to see how it turns out...

Not sure. For the time being, only LiteCoin & DogeCoin are included. More will be added gradually...
legendary
Activity: 1662
Merit: 1050
Happy New Year bitcoiners Smiley

A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community...

www.100bit.co.in

I think you are going to be the first exchange to offer direct trading between alt coin & bitcoin. Would be interested to see how it turns out...
sr. member
Activity: 861
Merit: 423
okay how am i to register for this if i dont have a referral id. and assuming i am the first person to register, whose referral id do i use?

Thank you for your interest. We are not yet open as we are still testing some usability. After our testing, we are planning a testing phase by some forum members with small amount of fund. Then only we will open for public.
full member
Activity: 202
Merit: 100
okay how am i to register for this if i dont have a referral id. and assuming i am the first person to register, whose referral id do i use?
sr. member
Activity: 861
Merit: 423
Happy New Year bitcoiners Smiley

A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community...

www.100bit.co.in
legendary
Activity: 1358
Merit: 1000
How easy is it to run a bitcoin exchange in India?
Didn't the RBI warning / ED raids result in exchanges shutting shop?
hero member
Activity: 490
Merit: 500
Not sure why anybody would pay a joining fee to transact on an exchange
Not a taker as things stand
full member
Activity: 271
Merit: 117
MLM = A big NO.

Sorry guys just watched KBC story in Maharashtra.
I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi.

Regards


I'm actually against this very specific psychology that says MLM = A big NO. Please do understand that MLM is nothing but a marketing strategy which has nothing to do with Ponzi. No offence to u, this is because of the no. of scams India have seen using MLM. Ponzi schemes took the shirt of MLM and scammed people. But I firmly believe Bitcoin will reduce this scam as transactions will be open. By the way, the business in this context are actually offering an exchange service.



So basically its escrow based exchange and employing referrals as marketing  and customer acquisition tool. The new thing is referral must pay certain amount to be part of this system.

One issue and suggestion :
Biggest thing exchange should look to get is liquidity and make sure they work on improving their system to get best liquidity available. Here this model is actually creating barrier to liquidity providers.

Regards

Nice to see that someone has picked up the real issue. Neither UI nor MLM is a big factor for an exchange. UI can be improved in course of time and the way MLM is implemented here is absolutely fine. The real question is Liquidity. Without people actively buying/selling on an exchange, it cant fly. But well, everyone has to start somewhere. Best of Luck...
hero member
Activity: 700
Merit: 500
Are you planning to keep entry fees even for the people who may just wants to use your  trading platform  and may not be interested in refereal type business. What are your plans on this?
legendary
Activity: 1105
Merit: 1001
https://www.zebpay.com
MLM = A big NO.

Sorry guys just watched KBC story in Maharashtra.
I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi.

Regards


I'm actually against this very specific psychology that says MLM = A big NO. Please do understand that MLM is nothing but a marketing strategy which has nothing to do with Ponzi. No offence to u, this is because of the no. of scams India have seen using MLM. Ponzi schemes took the shirt of MLM and scammed people. But I firmly believe Bitcoin will reduce this scam as transactions will be open. By the way, the business in this context are actually offering an exchange service.



So basically its escrow based exchange and employing referrals as marketing  and customer acquisition tool. The new thing is referral must pay certain amount to be part of this system.

One issue and suggestion :
Biggest thing exchange should look to get is liquidity and make sure they work on improving their system to get best liquidity available. Here this model is actually creating barrier to liquidity providers.

Regards
legendary
Activity: 1662
Merit: 1050
MLM = A big NO.

Sorry guys just watched KBC story in Maharashtra.
I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi.

Regards


I'm actually against this very specific psychology that says MLM = A big NO. Please do understand that MLM is nothing but a marketing strategy which has nothing to do with Ponzi. No offence to u, this is because of the no. of scams India have seen using MLM. Ponzi schemes took the shirt of MLM and scammed people. But I firmly believe Bitcoin will reduce this scam as transactions will be open. By the way, the business in this context are actually offering an exchange service.

legendary
Activity: 1105
Merit: 1001
https://www.zebpay.com
MLM = A big NO.

Sorry guys just watched KBC story in Maharashtra.
I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi.

Regards
hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
Website seems very old and put together fast. I wouldn't use it, unless it has bitcoin to paypal or some really nice features, other than that, work on the UI.
legendary
Activity: 1662
Merit: 1050

--snip--

Next point is the point that makes it a  MLM/Pyramid Scheme
Quote
It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services.

Well indirect referral, humm.... Pyramid Scheme much.

OH !! wow thank you for bring up Amway I almost forgot that fuckup of a company  http://businesstoday.intoday.in/story/amway-backdrop-qnet-ajay-chanam-on-direct-selling-marketing/1/195445.html

And Avon has now moved to pay and salary structure for their direct sellers.

TupperWare Cmon you make it so easy for me. That company has been going down the drains for ages, with change in marketing systems that never seems to work companies like MAC and even Lakmé supersedes its sales volume. their operations in UK has closed. In the US 80% of their sale is now done by Retail giants like Walmart and Target.  

All in all these companies atleast sell a physical product. They are not  selling membership to a BTC exchange where in you have to pay to get in. Its not some American Express card that has over the top Customer care and support that warrants a signup fee.



Look... now u r contradicting yourself with your own reference. There is a line in your reference...

Quote
What are the main differences between MLM/DS companies and pyramid marketing companies ?

Read the answer yourself why MLM != Pyramid Scheme Wink

Now, about the reason, why most of the companies face trouble in running MLM. It is NOT because they are running MLM, but because of the chain. Sometimes they dont properly pay the chain as per commitment and sometimes the chain is tipped by competing companies to bring allegation of non-payment. As most of these commissioning used to happen in cash, the trouble continues. This is NOT possible in Bitcoin as the payment will be written in the public ledger called BlockChain.

And please read the last sentence of your link again, again and again...

Quote
Legitimate DS companies are structured to reward people for promoting their products.

There are Direct Selling/MLM companies, as they are referred in this article, which are absolutely LEGAL.


p.s. Well, though I drilled up and explained the misconceptions, it'll most likely have no real effect. It is like explaining bankers Bitcoin is Legal. Embarrassed
legendary
Activity: 1662
Merit: 1050

--snip--

Now as you have got me started on the validity of this scheme. let me elaborate what i think of this exchange's policy.

i. Joining will cost 0.01BTC.
ii. U can earn 0.003BTC at each referral.
iii. U'll also enjoy a part of 0.003BTC at every new member joining.
iv. Minimum amount one can trade is 0.01BTC
v. Exchange commission for trading is going to be 0.0005BTC to start off.

Joining Cost               =    0.01
Referral payback         =    0.003


Taking 0.01 BTC = 375.97 INR

Now, lets say you want earn back you amount and refer 3 people so = 3 X 0.003 = 0.009
Which means you really need 4 to cross over your break even. good luck convening people to signup for an exchange where they have to pay.

--snip--



Now I see u have no previous experience in properly analysing any MLM. U never tried actually. Because u were always told MLM is a SCAM. Like people think Bitcoin is Banned !!! Smiley

It goes like... (3 X 0.003) + (~0.001) = 0.01, where (~0.001) is coming from the indirect referral of 3 persons. But this value diminishes as the chain goes long and 4 person requirement becomes true !!!

p.s. Not sure how this company will put in the things. But convincing people does not take place like they have to pay. It happens like how much they'll be paid back... I just see the amount is too low for me Tongue
legendary
Activity: 1662
Merit: 1050

--snip--

You may have miss read my statement that hurting your feelings. I will restate or in other words dumb it down for you. What i said is that MLM is always associated with Scams and ponzi scams, in india. Which means most of these type of marketing strategy turns out as a scam. Note here, that i have not accused this new exchange of a Scam but only pointed out How such marketing Schemes have turned out as in the past. I can give you a list of this MLM programs that would be as long as Santas Naughty list that for a fact turned out as a scam.

--snip--


Dont u think it is too much of assumption ? Just because someone else scammed so it'll ? It is like Mt. Gox scammed so will BitStamp or most of the Alt Coins are scam so are Litecoin & DogeCoin !!! Funny eh... Cheesy
member
Activity: 117
Merit: 10
Subvolatil is right to a certain extent. The MLM pyramid is being sniffed under Prevention of Money laundering Act by the authorities. It is only due to the Amway MLM proceedings which has really broadened the coverage aspect of the Section 3 definition of PML Act. Earlier the notion of PML Act was confined to funding for terrorist activities but now the aspect of the act has expanded it horizon and keeping a tab especially on these MLM pyramid companies. However, I would also add that it triggers in being only if the pyramid gets build in huge.

We have also discouraged our client https://millibits.in to get engaged in the MLM structure so that extra burden of sniffing from DG authorities do not take place.

100bitcoin I think you should consult your legal team about it and proceed accordingly. It might not get covered now but you should ask your legal team how it can be covered.

That is the only advice I can give.
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
not a good set-up ....
i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing
all the best though

It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services.

Problem is that MLM is always associated with scams in india, Aryarup/ATCR , SpeakAsia , Unipay2u, Stock Guru, TVI Express. has not got confidence booting in people about this. all these pyramid and MLM have the same MO joining fee and get people to join and you get  paid a certain % in the end it ends up as a huge ponzi scheme.



I dont have much idea about all the names u r talking about. But, I have issues calling an MLM a Ponzi. MLM is a way of marketing. Ponzi is the scheme that is associated to scam. Because, in Ponzi, the company lure people with the 100%-200% return guarantee, but practically pay out with investor's money. On the contrary Amway, Avon, TupperWare and a lot other respected name in the marketing world use MLM as a marketing strategy and doing good business for years. MLMs provide product/service and offer people a commission to spread the word. So, calling a business straight out scam just because it uses MLM is probably not a good judgement.



You may have miss read my statement that hurting your feelings. I will restate or in other words dumb it down for you. What i said is that MLM is always associated with Scams and ponzi scams, in india. Which means most of these type of marketing strategy turns out as a scam. Note here, that i have not accused this new exchange of a Scam but only pointed out How such marketing Schemes have turned out as in the past. I can give you a list of this MLM programs that would be as long as Santas Naughty list that for a fact turned out as a scam.

Now as you have got me started on the validity of this scheme. let me elaborate what i think of this exchange's policy.

i. Joining will cost 0.01BTC.
ii. U can earn 0.003BTC at each referral.
iii. U'll also enjoy a part of 0.003BTC at every new member joining.
iv. Minimum amount one can trade is 0.01BTC
v. Exchange commission for trading is going to be 0.0005BTC to start off.

Joining Cost               =    0.01
Referral payback         =    0.003


Taking 0.01 BTC = 375.97 INR

Now, lets say you want earn back you amount and refer 3 people so = 3 X 0.003 = 0.009
Which means you really need 4 to cross over your break even. good luck convening people to signup for an exchange where they have to pay.

Next point is the point that makes it a  MLM/Pyramid Scheme
Quote
It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services.

Well indirect referral, humm.... Pyramid Scheme much.

OH !! wow thank you for bring up Amway I almost forgot that fuckup of a company  http://businesstoday.intoday.in/story/amway-backdrop-qnet-ajay-chanam-on-direct-selling-marketing/1/195445.html

And Avon has now moved to pay and salary structure for their direct sellers.

TupperWare Cmon you make it so easy for me. That company has been going down the drains for ages, with change in marketing systems that never seems to work companies like MAC and even Lakmé supersedes its sales volume. their operations in UK has closed. In the US 80% of their sale is now done by Retail giants like Walmart and Target.   

All in all these companies atleast sell a physical product. They are not  selling membership to a BTC exchange where in you have to pay to get in. Its not some American Express card that has over the top Customer care and support that warrants a signup fee.

legendary
Activity: 1662
Merit: 1050
not a good set-up ....
i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing
all the best though

It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services.

Problem is that MLM is always associated with scams in india, Aryarup/ATCR , SpeakAsia , Unipay2u, Stock Guru, TVI Express. has not got confidence booting in people about this. all these pyramid and MLM have the same MO joining fee and get people to join and you get  paid a certain % in the end it ends up as a huge ponzi scheme.



I dont have much idea about all the names u r talking about. But, I have issues calling an MLM a Ponzi. MLM is a way of marketing. Ponzi is the scheme that is associated to scam. Because, in Ponzi, the company lure people with the 100%-200% return guarantee, but practically pay out with investor's money. On the contrary Amway, Avon, TupperWare and a lot other respected name in the marketing world use MLM as a marketing strategy and doing good business for years. MLMs provide product/service and offer people a commission to spread the word. So, calling a business straight out scam just because it uses MLM is probably not a good judgement.

hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
not a good set-up ....
i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing
all the best though

It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services.

Problem is that MLM is always associated with scams in india, Aryarup/ATCR , SpeakAsia , Unipay2u, Stock Guru, TVI Express. has not got confidence booting in people about this. all these pyramid and MLM have the same MO joining fee and get people to join and you get  paid a certain % in the end it ends up as a huge ponzi scheme.

sr. member
Activity: 861
Merit: 423
not a good set-up ....
i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing
all the best though

It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services.
sr. member
Activity: 861
Merit: 423
Looks very amateur .. Sorry

I actually agree with u Smiley

...at this point of time the UI does not look fancy, because we dont intend it to be. We are more focussed on the security and functionality at this moment.
legendary
Activity: 2828
Merit: 1222
Just looking for peace
not a good set-up ....
i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing
all the best though
member
Activity: 84
Merit: 10
https://btcjam.com/users/39914
Looks very amateur .. Sorry
sr. member
Activity: 861
Merit: 423
After months of work we are close to release this product...

www.100bit.co.in

100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Joining is free and exchange cost per trade is 0.1% of the trade amount.

Key Features :-

1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading.

2. Bitcoin can be traded against both FIAT & Alt coins.

3. Trading cost 0.1% of the trade amount.



Please note that, right now, we are in early BETA. Also https is not yet implemented. So, it is recommended NOT to trade big volume for now. Your feedback for any improvement is highly appreciated.
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