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Topic: Challenges to create Exchange in India? (Read 5622 times)

legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
May 07, 2013, 12:56:10 AM
#34
Anyone checked these options out?

https://www.zipcash.in/
http://www.donecard.com/

They look perfect for non-banking transfers in India.
legendary
Activity: 1274
Merit: 1004
I am in currency exchange business from a long time,However i never got any indian customers for Bitcoin, people mostly buy LR/perfectmoney etc

I might start a site for INR <> BTC/LR automatic exchanges soon.
hero member
Activity: 518
Merit: 500
BTC < > INR & USD
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.

Post a discussion, I assume that americandesi may have an easier way to load INR into Gox or BTC-e.
Is that a service that you can provide AD?


Yes definitely. Infact i was planning post an ad on that too as well.
If anyone wants, i can convert INR to BTC / LTC / BTC-E / MTGOX / OKPAY

Am a trader and hold VERIFIED accounts with MTGOX / OKPAY / CAMPBX / DWOLLA / BTC-E / LOCALBITCOINS.

Will be glad to help.!
hero member
Activity: 1778
Merit: 764
www.V.systems
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.

Post a discussion, I assume that americandesi may have an easier way to load INR into Gox or BTC-e.
Is that a service that you can provide AD?


yeah, that is what we need, we need to involve into bitcoins high quality old school h---a guys and everything will be tip top

f--k VISA and MC

Doesnt matter, its still the leading way to pay for goods & services online.

not for me, it is for those people on blumberg tv. My point is that if we will create alternative cash out system for btc transactions, similar to h---la then banks go whistle.

Until that becomes reality We'll have to stick to the current system.


Check this out :
https://bitcointalksearch.org/topic/buyingselling-exotic-cars-through-broker-195234
sr. member
Activity: 378
Merit: 250
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.

Post a discussion, I assume that americandesi may have an easier way to load INR into Gox or BTC-e.
Is that a service that you can provide AD?


yeah, that is what we need, we need to involve into bitcoins high quality old school h---a guys and everything will be tip top

f--k VISA and MC

Doesnt matter, its still the leading way to pay for goods & services online.

not for me, it is for those people on blumberg tv. My point is that if we will create alternative cash out system for btc transactions, similar to h---la then banks go whistle.
hero member
Activity: 1778
Merit: 764
www.V.systems
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.

Post a discussion, I assume that americandesi may have an easier way to load INR into Gox or BTC-e.
Is that a service that you can provide AD?


yeah, that is what we need, we need to involve into bitcoins high quality old school h---a guys and everything will be tip top

f--k VISA and MC

Doesnt matter, its still the leading way to pay for goods & services online.
sr. member
Activity: 378
Merit: 250
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.

Post a discussion, I assume that americandesi may have an easier way to load INR into Gox or BTC-e.
Is that a service that you can provide AD?


yeah, that is what we need, we need to involve into bitcoins high quality old school h---a guys and everything will be tip top

f--k VISA and MC
hero member
Activity: 1778
Merit: 764
www.V.systems
I have an extensive experience with Interkassa using VISA AND MASTERCARD Credit Cards.
I even have tried Yandex, Wallet One, None comes close to Liqpay though.
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.

Post a discussion, I assume that americandesi may have an easier way to load INR into Gox or BTC-e.
Is that a service that you can provide AD?
sr. member
Activity: 378
Merit: 250
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.

here it is http://sitepanel.in/lr/check-rates/

I dont know about OKpay, yes people say bad things.

there is another way called interkassa, btc-e bitcoins rate always will be lower compared to mtgox, so it will be interesting if any one can offer way to load INR to btc-e.
hero member
Activity: 1778
Merit: 764
www.V.systems
I agree.
From the perspective of SEBI what is the implication of exchanging BTC\INR. Do you see a challenge there?

Considering BTC is a currency and the very rock hard fact that RBI hates FOREX founding any good exchange in INDIA will be a VERY VERY tough task.
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
What about using liberty reserves. any good/trusted sellers for liberty reserves ?
hero member
Activity: 1778
Merit: 764
www.V.systems
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

AWFUL SERVICE trust me I dealt with them WORST Customer service ever. I will rant about them pretty soon.
hero member
Activity: 518
Merit: 500
BTC < > INR & USD
what people really need here is reliable channel to transfer INR to btc-e in usd, that will open possibility to buy cheap bitcoins on btc-e and sale it later on mtgox. If you can provide such service, you will be in business 100% guaranteed. Also OKpay -->btc-e will do fine, one Indian service which offer OKpay charging quite high rate 60 inr per 1 usd.

Pinwheel - Which is that Indian Service that offers OKpay <> to btc-e.?

P.S : If it is a trade secret, just so that you know I don't live in India.. Just curious to know how they are offering the service and what are they charging.
sr. member
Activity: 378
Merit: 250
Quote
2) Merchant support in India is a bigger opportunity for the sales of goods with Bitcoins, where mtgox has no help.

What Huh

Any merchant in India in sane mind will prefer mtgox or bitpay for online trading. 

You mean half-a-million(5L) Bitcoins you exchanged for cash in india? wow, cool!
Just curious are there merchants in India already using mtgox\bitpay? Is mtgox\bitpay paying merchants in INR to their account?

I dont know about such merchants, but if you do, you will receive INR to your account no problem at all. or you can withdraw it as bitcoins and sale elsewhere

I have been requested for 3 lots of 60K USD so far as well. That is around 30L INR.
I think I pinged you for one of the requests Pinwheel.

yes, you did, and I declined, it is question of convenience, for you it is convenient to buy when btc rate down, for me it is convenient to sale when rate is up. Therefor Mtgox is very convenient for me, I sold last time at 147 and bought back yesterday at 127. never expected it will go so low as 108.  you can easy make 2-3L per week on mtgox, withdraw profit to Indian bank and all your bitcoins remains intact. Why just sale it for INR, what you gonna do with these INR, buy subjee:)
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
Quote
2) Merchant support in India is a bigger opportunity for the sales of goods with Bitcoins, where mtgox has no help.

What Huh

Any merchant in India in sane mind will prefer mtgox or bitpay for online trading. 

You mean half-a-million(5L) Bitcoins you exchanged for cash in india? wow, cool!
Just curious are there merchants in India already using mtgox\bitpay? Is mtgox\bitpay paying merchants in INR to their account?

I dont know about such merchants, but if you do, you will receive INR to your account no problem at all. or you can withdraw it as bitcoins and sale elsewhere

I have been requested for 3 lots of 60K USD so far as well. That is around 30L INR.
I think I pinged you for one of the requests Pinwheel.
sr. member
Activity: 378
Merit: 250
Quote
2) Merchant support in India is a bigger opportunity for the sales of goods with Bitcoins, where mtgox has no help.

What Huh

Any merchant in India in sane mind will prefer mtgox or bitpay for online trading. 

You mean half-a-million(5L) Bitcoins you exchanged for cash in india? wow, cool!
Just curious are there merchants in India already using mtgox\bitpay? Is mtgox\bitpay paying merchants in INR to their account?

I dont know about such merchants, but if you do, you will receive INR to your account no problem at all. or you can withdraw it as bitcoins and sale elsewhere
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
Quote
2) Merchant support in India is a bigger opportunity for the sales of goods with Bitcoins, where mtgox has no help.

What Huh

Any merchant in India in sane mind will prefer mtgox or bitpay for online trading. 

That was a problem that we saw when setting up Bitpay in India.

People want an Indian company involved. That is why there is a drive for an Indian Exchange as well.
sr. member
Activity: 378
Merit: 250
world is overly dependent on mtgox.
If we like to see drastic increase in interest Bitcoins there needs to be exchange locally where users can jump the ship.
I agree micro sales are good, but its going to take long long time.

you can exchange locally via localbitcoins.com and it is not micro, I sold for about 5L bitcoins over there in cash.
sr. member
Activity: 378
Merit: 250
Quote
2) Merchant support in India is a bigger opportunity for the sales of goods with Bitcoins, where mtgox has no help.

What Huh

Any merchant in India in sane mind will prefer mtgox or bitpay for online trading. 
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