Topic: Can you buy BTC with credit card/bank transfer without having any legal issues ? (Read 1252 times)
August 04, 2015, 08:42:02 AM
Is there any indian site that lets you buy bitcoin with your CC ? Don't all of them need you to connect your bank accounts to your exchange account ?
August 04, 2015, 07:33:39 AM
maybe a silly question but what is KYC ? :p
KYC stands for Know Your Customer.https://en.wikipedia.org/wiki/Know_your_customer
Thanks for d info,
Also id like to know this kyc how does it matter in legal issues like will they be sending information of us buying bitcoins to indian govt or wht? I dont pay taxes
August 03, 2015, 10:05:24 AM
maybe a silly question but what is KYC ? :p
KYC stands for Know Your Customer.https://en.wikipedia.org/wiki/Know_your_customer
August 03, 2015, 09:21:45 AM
maybe a silly question but what is KYC ? :p
July 31, 2015, 04:39:14 AM
As the topic says. Looking into the legal aspect of things. Have things been worked out ? I reckon converting INR to USD and back on a foreign exchange is the root of the issue. If we can do it, which services allow it with a credit card ? (Not asking for unocoin,coinsecure type with KYC taking a while)
Converting INR to USD and back on a foreign exchange always exposes u to AML risk. Better approach is to keep the FIAT Tx INR only. You can do it on all direct trading exchanges like LBC or 100bit.co.in without submitting the KYC.
July 30, 2015, 10:12:50 PM
yes! For that localbitcoins will be the good choice. But be catious while dealing with unknown peoples and do check their profile for +ve rep and long trading history. This might helps you from away from scammers.
~Rude Boy
~Rude Boy
July 26, 2015, 10:59:28 PM
As the topic says. Looking into the legal aspect of things. Have things been worked out ? I reckon converting INR to USD and back on a foreign exchange is the root of the issue. If we can do it, which services allow it with a credit card ? (Not asking for unocoin,coinsecure type with KYC taking a while)
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