[BitOcean] Bitcoin exchange India [Closed] - page 4.

buysellbitcoin

legendary

Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: skang on April 09, 2013, 01:46:06 AM

Quote from: drdanishkhan on April 05, 2013, 06:26:04 PM

Keep up the good work.. Lets make bitcoin grow by leaps and bounds so that someday i may buy a pizza with my bitcoins in Delhi(atleast).. Tongue

Hey doc! You can order pizza in Delhi for bitcoins!
How about you pay for a Dominoes pizza and I get you one + one free?!
How many btc will you be willing to pay?

Now this is what we need. Real trades involving bitcoins.

Cheers

skang

sr. member

Activity: 452

Merit: 252

from democracy to self-rule.

Quote from: drdanishkhan on April 05, 2013, 06:26:04 PM

Keep up the good work.. Lets make bitcoin grow by leaps and bounds so that someday i may buy a pizza with my bitcoins in Delhi(atleast).. Tongue

Hey doc! You can order pizza in Delhi for bitcoins!
How about you pay for a Dominoes pizza and I get you one + one free?!
How many btc will you be willing to pay?

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: Amitabh S on April 08, 2013, 07:33:49 PM

Quote from: Benson Samuel on April 04, 2013, 12:39:04 PM

Very nice.

Let me guess: Clojure? :p

hmmm why Clojure? Wink

you know why I asked Clojure Amitabh :p

buysellbitcoin

legendary

Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: Amitabh S on April 08, 2013, 07:33:49 PM

Quote from: Benson Samuel on April 04, 2013, 12:39:04 PM

Very nice.

Let me guess: Clojure? :p

hmmm why Clojure? Wink

Clojure is latest fashion in trend with geeks ( it just replaced Ruby

)

Cheers

Amitabh S

legendary

Activity: 1001

Merit: 1005

Quote from: Benson Samuel on April 04, 2013, 12:39:04 PM

Very nice.

Let me guess: Clojure? :p

hmmm why Clojure? Wink

Amitabh S

legendary

Activity: 1001

Merit: 1005

Bump! Eagerly waiting for this to go live.

Dashing

full member

Activity: 138

Merit: 100

Quote from: Benson Samuel on April 08, 2013, 12:04:45 AM

Quote from: laserwolf on April 08, 2013, 12:03:04 AM

Quote from: Dashing on April 07, 2013, 03:25:43 PM

Quote from: drdanishkhan on April 07, 2013, 03:22:34 PM

So can i start givin pre orders now[email]
How much time does western union take ??

Should be by tomorrow afternoon everything ready to go.

The thing now is,
We can accept deposits, but we will have to wait for people to deposit / sell BTC to match the INR order you make so there might be small delays at the start.

This is not really how an exchange works. exchanges have market makers who are always willing to both buy and sell from market participants. They quote both a buy price and a sell price at the same time. The difference is the spread, which is how they make money.
https://en.wikipedia.org/wiki/Market_maker

laserwolf,

We have problem in India in terms of accepting customer deposits and storing in a bank account for over 7 days. This seems to be a step 1 workaround. I would believe that this will get more seamless as time passes.

Yep, once we get some volume and "flowing" cash, this will become a much faster as then we would not have to wait for the cash at the bank.

Dashing

full member

Activity: 138

Merit: 100

Quote from: laserwolf on April 08, 2013, 12:03:04 AM

Quote from: Dashing on April 07, 2013, 03:25:43 PM

Quote from: drdanishkhan on April 07, 2013, 03:22:34 PM

So can i start givin pre orders now[email]
How much time does western union take ??

Should be by tomorrow afternoon everything ready to go.

The thing now is,
We can accept deposits, but we will have to wait for people to deposit / sell BTC to match the INR order you make so there might be small delays at the start.

This is not really how an exchange works. exchanges have market makers who are always willing to both buy and sell from market participants. They quote both a buy price and a sell price at the same time. The difference is the spread, which is how they make money.
https://en.wikipedia.org/wiki/Market_maker

Well, the thing is that, we will just be launching, because of which there wont be much volume hence we can't process transactions "live" time, the only reason other exchanges are able to do is because they have large volume and people buying/selling always.

The price is not fixed, it varies with the USD/BTC market price.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: laserwolf on April 08, 2013, 12:03:04 AM

Quote from: Dashing on April 07, 2013, 03:25:43 PM

Quote from: drdanishkhan on April 07, 2013, 03:22:34 PM

So can i start givin pre orders now[email]
How much time does western union take ??

Should be by tomorrow afternoon everything ready to go.

The thing now is,
We can accept deposits, but we will have to wait for people to deposit / sell BTC to match the INR order you make so there might be small delays at the start.

This is not really how an exchange works. exchanges have market makers who are always willing to both buy and sell from market participants. They quote both a buy price and a sell price at the same time. The difference is the spread, which is how they make money.
https://en.wikipedia.org/wiki/Market_maker

laserwolf,

We have problem in India in terms of accepting customer deposits and storing in a bank account for over 7 days. This seems to be a step 1 workaround. I would believe that this will get more seamless as time passes.

laserwolf

newbie

Activity: 54

Merit: 0

Quote from: Dashing on April 07, 2013, 03:25:43 PM

Quote from: drdanishkhan on April 07, 2013, 03:22:34 PM

So can i start givin pre orders now[email]
How much time does western union take ??

Should be by tomorrow afternoon everything ready to go.

The thing now is,
We can accept deposits, but we will have to wait for people to deposit / sell BTC to match the INR order you make so there might be small delays at the start.

This is not really how an exchange works. exchanges have market makers who are always willing to both buy and sell from market participants. They quote both a buy price and a sell price at the same time. The difference is the spread, which is how they make money.
https://en.wikipedia.org/wiki/Market_maker

Dashing

full member

Activity: 138

Merit: 100

Quote from: drdanishkhan on April 07, 2013, 03:22:34 PM

So can i start givin pre orders now[email]
How much time does western union take ??

Should be by tomorrow afternoon everything ready to go.

The thing now is,
We can accept deposits, but we will have to wait for people to deposit / sell BTC to match the INR order you make so there might be small delays at the start.

drdanishkhan

full member

Activity: 140

Merit: 100

So can i start givin pre orders now[email]
How much time does western union take ??

KITT_knightrider

newbie

Activity: 6

Merit: 0

Quote from: Dashing on April 07, 2013, 02:35:51 PM

Quote from: KITT_knightrider on April 07, 2013, 02:13:47 PM

@Dashing

Consider these payment gateways...

http://www.payhub.in/ <-- This is a payment HUB!!

http://juspay.in/ <-- Another mobile payment.

Domain is BITEX.IN Cool

Probably wont use those 2 as they seem to be very very new i think, anyways, we'll start off with,
WesternUnion, OkPay (maybe) and some others like Xoom.

Domain probably won't be bitex.in as it was registered up by someone else the very day we posted the screenshots (my mistake)

hmm... Very new might be interested in new tech.... BTC maybe in future...

PM'd some names do check

Dashing

full member

Activity: 138

Merit: 100

Okay, taken down site, next announcement will be once it's up with the domain and everything cleaned and setup again.

EDIT : Just before i took it down, I had updated the graphs, there was a small mistake earlier on.

Dashing

full member

Activity: 138

Merit: 100

Quote from: KITT_knightrider on April 07, 2013, 02:13:47 PM

@Dashing

Consider these payment gateways...

http://www.payhub.in/ <-- This is a payment HUB!!

http://juspay.in/ <-- Another mobile payment.

Domain is BITEX.IN Cool

Probably wont use those 2 as they seem to be very very new i think, anyways, we'll start off with,
WesternUnion, OkPay (maybe) and some others like Xoom.

Domain probably won't be bitex.in as it was registered up by someone else the very day we posted the screenshots (my mistake)

KITT_knightrider

newbie

Activity: 6

Merit: 0

@Dashing

Consider these payment gateways...

http://www.payhub.in/ <-- This is a payment HUB!!

http://juspay.in/ <-- Another mobile payment.

Domain is BITEX.IN Cool

Dashing

full member

Activity: 138

Merit: 100

Quote from: Amitabh S on April 07, 2013, 08:28:42 AM

With great amount of bitcoins comes great responsibility..

Message especially for those people hosting online wallets Wink

Yep, that's true, that's why we will be keeping all the funds in a cold wallet away from the server.

Dashing

full member

Activity: 138

Merit: 100

Quote from: drdanishkhan on April 07, 2013, 07:01:49 AM

Quote from: Dashing on April 07, 2013, 06:39:33 AM

1 x Graph for now is done,

Ouch, It's a pain generating these graphs with external data, hopefully it'll be easier once the data will be internally generated.

With hard work comes Bitcoins Grin

haha thats true Wink

anyways once the trading starts we can pull in data directly from the DB itself rather than pull in from out -> convert to INR -> DB -> Graph

Amitabh S

legendary

Activity: 1001

Merit: 1005

With great amount of bitcoins comes great responsibility..

Message especially for those people hosting online wallets Wink

drdanishkhan

full member

Activity: 140

Merit: 100

Quote from: Dashing on April 07, 2013, 06:39:33 AM

1 x Graph for now is done,

Ouch, It's a pain generating these graphs with external data, hopefully it'll be easier once the data will be internally generated.

With hard work comes Bitcoins Grin

Topic: [BitOcean] Bitcoin exchange India [Closed] - page 4. (Read 6183 times)