BitCoin in India | Bitcointalksearch.org

@prashant

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Quote from: Esphere.in on February 28, 2017, 08:48:46 AM

Quote from: eXpl0sive on February 21, 2017, 07:02:50 AM

Quote from: smario on January 12, 2017, 03:52:01 AM

Do people In India use bitcoin? Is It Legal There ??

Something is legal until it is labelled as illegal. No authority in India has labelled BTC as illegal, so YES it is legal as of now.

The usage is not that great if you're talking about spending BTC in day-to-day use. But yes, people have been trading and HODLING bitcoins a lot for monetary gains.

Everyone spends time to make some monetary gains and other than that what is the real purpose in it.The government of India really prompted the people to start using bitcoin by implementing useless rules and regulation regarding the fiat and in turn people started investing in bitcoin.

When did they start encouraging people to use bitcoin?there is no way they will do it .yup our government has introduced cashless payment and is promoting it but not cryptocurrency.it will take a long time that majority of people will know about bitcoin/altcoins.

Esphere.in

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Quote from: eXpl0sive on February 21, 2017, 07:02:50 AM

Quote from: smario on January 12, 2017, 03:52:01 AM

Do people In India use bitcoin? Is It Legal There ??

Something is legal until it is labelled as illegal. No authority in India has labelled BTC as illegal, so YES it is legal as of now.

The usage is not that great if you're talking about spending BTC in day-to-day use. But yes, people have been trading and HODLING bitcoins a lot for monetary gains.

Everyone spends time to make some monetary gains and other than that what is the real purpose in it.The government of India really prompted the people to start using bitcoin by implementing useless rules and regulation regarding the fiat and in turn people started investing in bitcoin.

lordquanta

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Quote from: jawed on February 21, 2017, 07:19:57 AM

Quote from: polynesia on February 17, 2017, 07:24:18 PM

Quote from: jawed on February 17, 2017, 07:43:03 AM

Quote from: BitSat on February 16, 2017, 12:15:52 PM

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

India is very big country but still bitcoin is not spreading as its need to be because right now just few exchange sites accepting this no shops or other vendors going this if its works like Philippine or Indonesia then its could be very helpful for this community

I agree with you. But I think as the awareness of the concept grows amongst common people, more fin institutes would invest in exchange platforms.
Campaigns regarding the concept, especially targetting collages, will surely enhance the spread of digital currencies.

There have been campaigns to educate college students before.

http://www.indiabitcoin.com/unocoin-educates-college-students-in-bangalore/

I am sure there must have been. But this has to be a continuous process, as youngsters' memory span is very short. New and exciting things keeps them wandering. Even a forum like this is perfect platform for creating awareness. I was vaguely aware of the concept of bitcoin from almost an year but I learnt most about crytocurrencies on this forum in last 2 weeks.

Spreading awareness about bitcoin in the youth of any country is very difficult. As of now 99.99% people using bitcoin consider it as commodity instead of currency. Everyone wants to purchase and hold the bitcoins for long term huge profit. Just like real-estate, gold. Given this situation why youngsters will develop their interest in a commodity which they can not use as currency? How many times have we seen youngsters taking interest in RE, stock etc? very less. Next point is bitcoin price is not something they can afford. These two biggest point nullifies attempt of developing awareness about bitcoin in youth.

sedrick

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Quote from: noictib on January 12, 2017, 04:05:03 AM

Quote from: smario on January 12, 2017, 03:52:01 AM

Do people In India use bitcoin? Is It Legal There ??

Yes , ofcourse it is legal in India because I am.using bitcoin from 2 years in India , and I am proper Indian .
I have Many friends at WhatsApp group who are bitcoiner . Some of them are making lakhs per month and paying tax to the government ( which is honesty quality ) .
But in this year some restrictions comes to use bitcoin after demomentization of money which control the flow of bitcoin .
I explained about it here >>
https://bitcointalk.org/index.php?topic=1739347.new#new

Considering there are many companies out there which provide bitcoin to INR exchange service after taking KYC from customer as per RBI norms, one can consider that bitcoin is not banned by Indian government.

jawed

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Quote from: polynesia on February 17, 2017, 07:24:18 PM

Quote from: jawed on February 17, 2017, 07:43:03 AM

Quote from: BitSat on February 16, 2017, 12:15:52 PM

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

India is very big country but still bitcoin is not spreading as its need to be because right now just few exchange sites accepting this no shops or other vendors going this if its works like Philippine or Indonesia then its could be very helpful for this community

I agree with you. But I think as the awareness of the concept grows amongst common people, more fin institutes would invest in exchange platforms.
Campaigns regarding the concept, especially targetting collages, will surely enhance the spread of digital currencies.

There have been campaigns to educate college students before.

http://www.indiabitcoin.com/unocoin-educates-college-students-in-bangalore/

I am sure there must have been. But this has to be a continuous process, as youngsters' memory span is very short. New and exciting things keeps them wandering. Even a forum like this is perfect platform for creating awareness. I was vaguely aware of the concept of bitcoin from almost an year but I learnt most about crytocurrencies on this forum in last 2 weeks.

eXpl0sive

hero member

Activity: 574

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waiting to explode

Quote from: smario on January 12, 2017, 03:52:01 AM

Do people In India use bitcoin? Is It Legal There ??

Something is legal until it is labelled as illegal. No authority in India has labelled BTC as illegal, so YES it is legal as of now.

The usage is not that great if you're talking about spending BTC in day-to-day use. But yes, people have been trading and HODLING bitcoins a lot for monetary gains.

DDS1

newbie

Activity: 16

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Yes, it is legal in India. Because more Indian are transaction by online. It goes to clean transaction for banking. Bitcoin is decentralised currency.Good luck

polynesia

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Quote from: jawed on February 17, 2017, 07:43:03 AM

Quote from: BitSat on February 16, 2017, 12:15:52 PM

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

India is very big country but still bitcoin is not spreading as its need to be because right now just few exchange sites accepting this no shops or other vendors going this if its works like Philippine or Indonesia then its could be very helpful for this community

I agree with you. But I think as the awareness of the concept grows amongst common people, more fin institutes would invest in exchange platforms.
Campaigns regarding the concept, especially targetting collages, will surely enhance the spread of digital currencies.

There have been campaigns to educate college students before.

http://www.indiabitcoin.com/unocoin-educates-college-students-in-bangalore/

jawed

member

Activity: 90

Merit: 10

Quote from: epitome on February 16, 2017, 06:50:29 PM

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

I think Zebpay is a mobile only wallet and what is the buzz around Mumbai area you are talking about because i would like to hear as i will be traveling to Mumbai in a couple of weeks time.

Yes, zebpay is mobile only wallet. I personally interacted with some volunteers spreading awareness about bitcoin and other cryptocurrencies. They were spreading awareness regarding the concept, along with zebpay. Looks like zebpay is on the roll, especially in western India.

jawed

member

Activity: 90

Merit: 10

Quote from: BitSat on February 16, 2017, 12:15:52 PM

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

India is very big country but still bitcoin is not spreading as its need to be because right now just few exchange sites accepting this no shops or other vendors going this if its works like Philippine or Indonesia then its could be very helpful for this community

I agree with you. But I think as the awareness of the concept grows amongst common people, more fin institutes would invest in exchange platforms.
Campaigns regarding the concept, especially targetting collages, will surely enhance the spread of digital currencies.

epitome

sr. member

Activity: 246

Merit: 250

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

I think Zebpay is a mobile only wallet and what is the buzz around Mumbai area you are talking about because i would like to hear as i will be traveling to Mumbai in a couple of weeks time.

BitSat

sr. member

Activity: 700

Merit: 251

Quote from: jawed on February 16, 2017, 12:09:36 PM

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

India is very big country but still bitcoin is not spreading as its need to be because right now just few exchange sites accepting this no shops or other vendors going this if its works like Philippine or Indonesia then its could be very helpful for this community

jawed

member

Activity: 90

Merit: 10

I think zebpay is spreading faster than unocoin, at least around Mumbai area. And the mobile app really gives them an edge over other exchanges, as most people use only their mobiles to access internet services.

sedrick

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Activity: 101

Merit: 10

Quote from: rajasumi2 on January 15, 2017, 10:21:20 PM

Quote from: smario on January 12, 2017, 04:22:29 AM

Quote from: noictib on January 12, 2017, 04:05:03 AM

Quote from: smario on January 12, 2017, 03:52:01 AM

Do people In India use bitcoin? Is It Legal There ??

Yes , ofcourse it is legal in India because I am.using bitcoin from 2 years in India , and I am proper Indian .
I have Many friends at WhatsApp group who are bitcoiner . Some of them are making lakhs per month and paying tax to the government ( which is honesty quality ) .
But in this year some restrictions comes to use bitcoin after demomentization of money which control the flow of bitcoin .
I explained about it here >>
https://bitcointalk.org/index.php?topic=1739347.new#new

Oh..but which companies are accepting bitcoins as payments ??

the best company that accept bitcoins is zebapy.u can download the app through the playstore and give the details like pan card and bank details and after 7 working days ,you r account will verified and you can cash out ur bitcoins very quickly.

Is Zebapy really exchanges BTC in india? as i do not see many of my friends using this. Most of my friends use Coinbase wallet to exchanges their BTC. I have not yet started to use the wallet as i have not joined in any campaign.

lordquanta

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Activity: 770

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Quote from: smario on January 16, 2017, 04:26:20 AM

any sites other than Zebpay ??

Coinsecure is good option. Recently they have launched payment gateway [1] as well.
you should check that option. Apart from these there is not much adaption of bitcoin in day to day life. People are purchasing bitcoins for investment purpose or some for trading.

[1] https://bitcointalksearch.org/topic/launching-the-coinsecure-payment-gateway-for-bitcoin-in-india-1529470

Forbiddenone

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Quote from: DomainMagnate on January 25, 2017, 03:44:42 PM

Quote from: bitcoinisbest on January 16, 2017, 05:38:42 AM

Quote from: smario on January 16, 2017, 04:26:20 AM

any sites other than Zebpay ??

Yes you can use Coinsecure or Unocoin. But withdrawal at Coinsecure is the best. You will get instant withdrawals many times. While that is not the case with Unocoin. Also do you want to buy/sell the btc?

You can withdraw and deposit at Zebpay also instantly on any working day.Zebpay is available only on mobile devices and that is the only disadvantage of Zebpay.I hope they have a full website also or some similar app for Windows pc so that it can be accessed from both.

In india ,majority of people use phone more than desktop or laptop.i would say mostly all prefer using phone .so thats why zebpay has launched its app rather coming to desktop version.

DomainMagnate

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Quote from: bitcoinisbest on January 16, 2017, 05:38:42 AM

Quote from: smario on January 16, 2017, 04:26:20 AM

any sites other than Zebpay ??

Yes you can use Coinsecure or Unocoin. But withdrawal at Coinsecure is the best. You will get instant withdrawals many times. While that is not the case with Unocoin. Also do you want to buy/sell the btc?

You can withdraw and deposit at Zebpay also instantly on any working day.Zebpay is available only on mobile devices and that is the only disadvantage of Zebpay.I hope they have a full website also or some similar app for Windows pc so that it can be accessed from both.

bitcoinisbest

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Quote from: btcdevil on January 24, 2017, 11:28:30 AM

Quote from: nizamcc on January 19, 2017, 02:18:54 PM

Quote from: smario on January 16, 2017, 04:26:20 AM

any sites other than Zebpay ??

You can use localbitcoins for better experience if you are not satisfied with these exchanges, because you will be able to transact your coins for different available rates and you may get prices even higher than Zebpay sometimes. At these exchanges, you will need to wait for your money to be funded and the waiting time is 24 hours (depending on when you withdraw), while at localbitcoins, users send the funds instantly through IMPS, or 3-4 hours if NEFT is being done.

Even in Localbitcoin you dont have to give your personal details for trading but some time the rates are very different (in the sense rates are too much gap in buying and selling comparing to other exchanges) but other exchanges you have to give your personal details after that you can trade

In localbitocin you will have to give personal identification details at the time of registering. After their verification only you will be able to trade on localbitcoin. Yes while buying/selling also you may have to show the verification proof as many have those requirement in their trade conditions.

btcdevil

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Quote from: nizamcc on January 19, 2017, 02:18:54 PM

Quote from: smario on January 16, 2017, 04:26:20 AM

any sites other than Zebpay ??

You can use localbitcoins for better experience if you are not satisfied with these exchanges, because you will be able to transact your coins for different available rates and you may get prices even higher than Zebpay sometimes. At these exchanges, you will need to wait for your money to be funded and the waiting time is 24 hours (depending on when you withdraw), while at localbitcoins, users send the funds instantly through IMPS, or 3-4 hours if NEFT is being done.

Even in Localbitcoin you dont have to give your personal details for trading but some time the rates are very different (in the sense rates are too much gap in buying and selling comparing to other exchanges) but other exchanges you have to give your personal details after that you can trade

DDS1

newbie

Activity: 16

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Yes I agree with Because Indian people earn in bitcoin & I see indian people interested in bitcoin.

Topic: BitCoin in India (Read 2668 times)