[ANN] New Bitcoin Exchange in India- No Transaction Fee - page 2.

Rotten Egg

member

Activity: 178

Merit: 22

Quote from: adv.kanishk on September 01, 2014, 06:27:50 AM

@bitcoinsfuture- it is owned and operated by my clients not by me. I am their Advocate who looks into all kinds of legal issue, drafting agreements etc. which comes @ from time to time. We only provide legal services to the entrepreneurs dealing into bitcoin to make their business structure safe and legal.

Are u sure that u dont own any part of millibits in any way ?

bitcoinisfurture

hero member

Activity: 700

Merit: 500

Quote from: adv.kanishk on September 01, 2014, 06:27:50 AM

@bitcoinsfuture- it is owned and operated by my clients not by me. I am their Advocate who looks into all kinds of legal issue, drafting agreements etc. which comes @ from time to time. We only provide legal services to the entrepreneurs dealing into bitcoin to make their business structure safe and legal.

Thanks Kanishk. By the way it was @ luckyindia who said "Congratulations to Kanishk for launching the New BTC Exchange in India" . So I was wondering if you started as you are an advocate, and provide the services to your client.

adv.kanishk

member

Activity: 117

Merit: 10

@bitcoinsfuture- it is owned and operated by my clients not by me. I am their Advocate who looks into all kinds of legal issue, drafting agreements etc. which comes @ from time to time. We only provide legal services to the entrepreneurs dealing into bitcoin to make their business structure safe and legal.

bitcoinisfurture

hero member

Activity: 700

Merit: 500

Quote from: luckyindia on August 28, 2014, 11:42:03 PM

)

:)Congratulations to Kanishk for launching the New BTC Exchange in India. I just have a few suggestions to make:
1) Tie up with stock market agents,brokers to enable online trading of stocks with BTC.
2) Tie up with private banks to promote their business.
3) Tie up with different E-com sites to promote their products and services thru BTC.

Is Millibits owned by adv.Kanishk?

dashingriddler

legendary

Activity: 1258

Merit: 1001

Quote from: luckyindia on August 28, 2014, 11:42:03 PM

)

:)Congratulations to Kanishk for launching the New BTC Exchange in India. I just have a few suggestions to make:
1) Tie up with stock market agents,brokers to enable online trading of stocks with BTC.
2) Tie up with private banks to promote their business.
3) Tie up with different E-com sites to promote their products and services thru BTC.

Not as easy as you may sound. We have learnt it the hard way.

luckyindia

member

Activity: 129

Merit: 10

)

:)Congratulations to Kanishk for launching the New BTC Exchange in India. I just have a few suggestions to make:
1) Tie up with stock market agents,brokers to enable online trading of stocks with BTC.
2) Tie up with private banks to promote their business.
3) Tie up with different E-com sites to promote their products and services thru BTC.

BTCIndia

hero member

Activity: 686

Merit: 500

vini, vedi, no vici.

Can we have Demo Login Token from millibits?

bitcoinisfurture

hero member

Activity: 700

Merit: 500

Any how its not much visited site due to various reasons.

Firstly in this instant world due to which bitcoin is know which could be transferred around the world in minutes millibits take 12 hrs for any withdrawal or deposit made to them (Twice in a day). Query resolution also takes long time to respond.

It seems more as a part time project rather then a full time website.

They do not even have the trade history of buy/sell as hardly any trades take place on the site. Also, various fees that is mentioned above are good reasons that one can easily avoid this site to trade with.

ctptosec

newbie

Activity: 22

Merit: 0

Millbits is for Mega Traders not for Small/Milli Traders.

Say, customer bought 0.01 btc, he will receive only 0.005.
Customer sold 0.01 btc, he will receive only Rs.200 instead of Rs.300.
Banker may charge only Rs 2 for IMPS/NEFT transaction. But your guys charging Rs 100
Block chain or any other wallet services charging 0.0001 BTC, but your guys charging 0.005 BTC.
If you are providing zero transaction fee ;customer looses a lot.

lisper

newbie

Activity: 4

Merit: 0

Quote from: Aayush on July 04, 2014, 02:06:22 PM

Depositing money and withdrawing money can sometimes take time, but they have told me that they are working on it, so that it can be faster.

This is true, unfortunately. We service deposits and withdrawals only twice a day, in bulk. I should have made that clear on our front page to avoid disappointing anyone. I've noted it there now.

techguy

sr. member

Activity: 378

Merit: 250

Quote

bitcoin secret keys are never written to a web host's disk or network. they are stored privately, redundantly, and encrypted.
hmac signed web session cookies
browsers instructed to never leak cookies over unencrypted connections
http strict-transport-security guards against sslstrip attack
web clickjacking, referrer logging, session fixation attacks prevented
sql injection impossible
high performance single threaded trade execution, also ensuring data integrity
first and second factors of authentication are rate limited, to keep your account safe from attackers
no floating point arithmetic, so no rounding where we shave off fractions
passwords hashed with scrypt (N=16384,r=8,p=1)
all web and api input is sanitized before use. sanitization occurs with code evaluator disabled
ssl heartbleed safe. ssllabs https rating A+
quality source of random numbers used, with seed saved across reboots
no password reset feature that can be used by attackers
totp qr code image filename is 160 secure random bits, as long as the totp secret
email from us is pgp signed so you aren't easily phished
your documents are stored encrypted by grey-celled passwords

That's just to give you a sense of the attention we pay to security.

Wow !! A good set of security locks !!

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: lisper on July 05, 2014, 05:23:01 AM

Quote from: ctptosec on July 05, 2014, 04:16:18 AM

In the millibits.in mentioned that "ssl heartbleed safe. ssllabs https rating A+" but in ssl labs it shown "F"

https://www.ssllabs.com/ssltest/analyze.html?d=https%3A%2F%2Fmillibits.in

Sorry about that. We've now:
- updated our SSL to get back up to A+
- subscribed to openssl-announce and debian-security-announce to hear of new vulnerabilities sooner

That was fast :-)

lisper

newbie

Activity: 4

Merit: 0

Quote from: ctptosec on July 05, 2014, 04:16:18 AM

In the millibits.in mentioned that "ssl heartbleed safe. ssllabs https rating A+" but in ssl labs it shown "F"

https://www.ssllabs.com/ssltest/analyze.html?d=https%3A%2F%2Fmillibits.in

Sorry about that. We've now:
- updated our SSL to get back up to A+
- subscribed to openssl-announce and debian-security-announce to hear of new vulnerabilities sooner

ctptosec

newbie

Activity: 22

Merit: 0

In the millibits.in mentioned that "ssl heartbleed safe. ssllabs https rating A+" but in ssl labs it shown "F"

https://www.ssllabs.com/ssltest/analyze.html?d=https%3A%2F%2Fmillibits.in

adv.kanishk

member

Activity: 117

Merit: 10

Glad to see some response from real time clients of the exchange....

shahadil

full member

Activity: 202

Merit: 100

i have used it a couple of times. use it for some arbitrage opportunities that come up some time. have deposited bitcoins and withdrawn money as well. they seem to have a huge order book available most of the times. there trading is very fast.

also very responsive on email.

Aayush

member

Activity: 90

Merit: 10

I believe in Bitcoin!

Quote from: bitcoinisfurture on July 04, 2014, 06:46:15 AM

I was going through the site and it says 'This is the country's only sub-second, user-to-user, bitcoin exchange with no trade limits'. Which is the first site?

Also, anybody traded from this site?

This is not what they mean
By sub-second they mean instant exchange from bitcoin to inr and vice versa.
And yes I have traded good amounts in this exchange and it is trustable

Aayush

member

Activity: 90

Merit: 10

I believe in Bitcoin!

Millibits is a good website, 0 transaction fees for now, I have traded good amounts on it.
Depositing money and withdrawing money can sometimes take time, but they have told me that they are working on it, so that it can be faster.
A good exchange though even if not aesthetically appealing!

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: bitcoinisfurture on July 04, 2014, 06:46:15 AM

I was going through the site and it says 'This is the country's only sub-second, user-to-user, bitcoin exchange with no trade limits'. Which is the first site?

Also, anybody traded from this site?

Haven't traded yet but reviewing the code it looks robust, but i'm no expert, Would like more of you to check it out and review the codes published in the site. But i do like the fact that they would allow API's, and all their communications are pgp signed and verified so very little chance of phishing attacks.

bitcoinisfurture

hero member

Activity: 700

Merit: 500

I was going through the site and it says 'This is the country's only sub-second, user-to-user, bitcoin exchange with no trade limits'. Which is the first site?

Also, anybody traded from this site?

Topic: [ANN] New Bitcoin Exchange in India- No Transaction Fee - page 2. (Read 7171 times)