Topic: Buying 20 btc [CLOSED] (Read 3488 times)

Bought another 10 btc from axorb. Nice quick smooth trade Topic can be closed

Current offer goxl+4% ~ 64,500 inr for 10 btc

Current offer is mtgoxl+2%.

Sending you a PM now.

Looking to purchase around 10 btc for around 60,000 inr. Will use escrow (i pay fees), pm for details please

Lot of peeps move up the ranks in Bitcoin land. We all get paranoid at times for sure. :p

Its a wonder why i didnt see this before. @benu Da you didnt mention our home grown ASIC user is ALSO among the paranoiac ranks.

Split topic to https://bitcointalksearch.org/topic/axorb-mukundh3-resolved-236541

There is still a 10 BTC buy offer which is open on this thread.

Assuming here:
IF the seller wanted to involve the self deposits to his bank account, wont he buy directly from gox and btc-e ?

he can deposit cash to his bank account and then buy btc by making transfer

also you can ask seller to show bitcoin address where he has necessary amount of bitcoins. then ask him to use escrow and offer him that you will pay for escrow. If he is not agree to use escrow, he is trying to scam you. Reasonable seller will never refuse to use escrow especially if it is your first deal.

Here you can use reputed escrows on forum who escrow-ed millions of dollars deals, or ask Benson for escrow. How it work? Ask seller to send bitcoins to Benson. Once Benson will acknowledge that bitcoins in correct amount been received, you can make bank transfer to seller account. Once seller will receive money, he will give instructions to Benson to send bitcoins to you. As you can see escrow good for both for protection of seller and buyer. If seller asking you to send money first, HE IS TRYING TO SCAM you. Stay away from such deals.

lol how does paying oneself buy him BTC or ANYTHING ?

but you can deposit 49K per day to your own account without PAN card.

Any deposit over 49k requires you to carry your original Pan card along with a photocopy of it.

Best luck and normally axorb has always done business in good manner, as far as I get from posts and feedback

Cheers

Buying 10 btc from axorb. Will keep you all updated

For cash more than 50,000/- you are required to give photocopy of your pan card.More than 5 lacs it is always reported to IT authorities & you are likely to get query.
More than 10 lacs it is again reported through CTR(Cash transaction report) to the vigilance department of IT.This limit is per day & even if you deposited by several slips the amount is consolidated automatically & reported to IT authorities.In case of inquiry you will have to justify the source of cash received otherwise it will be treated as your income & income tax will be levied with penalty & your earlier returns are also subject to scrutiny.

Also For depositing this much cash you should have your PAN number updated in your bank account.
If you fail to do so, the bank will cut TDS on the interest that you will gain in excess of Rs 10,000.

All of above is dealing with deposit in savings account

As far as cash deposit and cash transactions concerns please consider below points :
1. As per IT regulations FOR ANY CASH TRANSACTION THE LIMIT IS RS.20000/- PER DAY U/S 40A OF INCOME TAX ACT, RULE 6D OF INCOME TAX RULES.
2. The receiver party may have to pay some charge to accept cash deposits above 25,000 INR ( or 50,000 INR in some banks ) for accepting at remote branch.

I hope above will help

Cheers

I have recieved multiple offers for gox last rate +5%, please let me know if anyone can offer me anything better. Also, for cash deposit i am interested in using a middleman. Eager to do the trade as soon as possible. One more thing, can a cash deposit of 1 lakh be done in a single go? I have only deposited amounts of 20,000 before.

Bitcoin is non reversible. Always play safe.

Well use MM/escrow, better for both parties.