Topic: Current trusted bitcoin exchanges for Indians (Read 1875 times)

I have paypal also can do wire transfers

Do keep us posted in this thread.

Hi,

Thank you all for the valuable inputs, I will check all of them and will decide on what to do.

As of now, I uploaded funds to igot. I mean I have sent money and it is not yet credited in my account.

Regards

Unocoin - Simple, Safe and Secure Way for Buying, Selling and Storing Bitcoins in India

URL: https://www.unocoin.com

Minimum price to buy or sell is INR 200 equivalent as of now. Maximum depends upon your membership level and will be visible on your profile when you login.

Official Launch: On 1st of Feb 2013.

Intro: After your registration as a customer, you will need to submit your pan card, id proof, address proof and a photograph along with your mobile num and address. A phone verification will be taken and your account will get verified after which you can see your unocoin wallet bitcoin address. Paying to this bitcoin address will add those bitcoins to your Unocoin wallet.

Buying bitcoins: As a verified member, you can buy bitcoins at Unocoin. You can choose the destination for the bitcoins being Unocoin wallet or your own bitcoin address (0.0005 btc network fee will be paid by us and you will receive the complete bitcoins you have purchased). Once you place the order, you will need to pay INR through NEFT/RTGS/IMPS from your bank account to our bank account mentioned below. We do not accept cash deposits to our bank accounts and process your orders. You will also get an email regarding order placement along with our bank details when you place the order for your records. Once we receive INR to our bank account, your BUY order gets processed with in 24 hours and usually it will happen with in 2 hours.

Selling bitcoins: You need have bitcoins in your Unocoin wallet to sell those bitcoins. Before placing the SELL order you need to add your bank account details in your account settings. You can add multiple bank accounts and choose the bank to which you wish to receive the INR while selling bitcoins. Once you place the order to sell your bitcoins, it takes us upto 3 business days for us to pay you INR especially if it is your first SELL order.

Sending and receiving bitcoins: You can send bitcoins to an email id or to a bitcoin address. If the email id you used is not registered on Unocoin, they will get an email that introduces them to bitcoin and requesting them to sign-up on Unocoin and accept your bitcoins. To request bitcoins, you will need an email id of the person from whom you are requesting the bitcoins. If that person is not registered on Unocoin, they will get an email that introduces them to bitcoin and requesting them to sign-up on Unocoin and pay you the requested bitcoins.

Campaigns: Verified customers who have a lot of bitcoins to buy or to sell can take advantage of this feature where Unocoin itself cannot honor such huge buy or sell. Campaigns usually run for 7 days. Customers who are willing to buy bitcoins need to consider a fixed price per bitcoin for duration of campaign and we list the campaign for them. We will fulfill the order as we continue getting the counter party. The price will also be fixed for the counter party who needs to buy/sell atleast minimum number of bitcoins and this includes the transaction fee and service tax - so the price seen on campaign is what gets paid at the end. Unless the cicumstances really mandate cancelling an ongoing campaign, we do not encourage the customer to cancel the campaign listing as there will be lot of counter parties who will be trying to arrange bitcoins of INR to participate in campaign which is supposed to run for 7 days. How ever also possible that the campaign gets closed as it achieved the goal before 7 days. Listing and participating in campaign is not possible over your account directly. There will be a conversation with customer and the counter-party customers over phone and then the orders will be executed on behalf of customers by Unocoin team. This is a new experiment we are trying to do, is subject to changes and we hope it will be successful.

Fee structure: There will be a 3% transaction fee on buy and sell transactions and 2% for membership with Gold Status. 12.36% service tax will be collected on the transaction fee and will be paid to Govt of India.

Merchandize: Bringing bitcoin awareness to common public has been one of the main aims of CoinMonk Ventures. You will be able to buy bitcoin related articles and souvenirs using bitcoins from your Unocoin wallet. Shipping to anywhere in India is free unless mentioned. Items will be shipped to the address mentioned by you during checkout and always comes in gift wrapping. So now a great way to gift your loved ones!

Security: Unocoin works on extended SSL (like online banking where you will see green browser bar) and hence communication between your browser and Unocoin server is secure. We save significant amount of bitcoins on customer's Unocoin wallet in cold storage. Two factor authentication can be used for login and sending bitcoins. You can print paper wallets and use that address in the address book to withdraw your bitcoins from your Unocoin wallet.

Merchant Gateway Integration: An easy and simple way for any online merchant to accept bitcoin as a payment is under development. http://unoco.in/merc gives you a brief glimpse of what you can expect when this module goes live! Expect this to be in action by the end of May 2014.

No,we are launching our own platform but our strategic advisor(Mr. Linus) met Justcoin guys in Norway and got valued inputs.We are launching real time Bitcoin exchange in India, which is front end and distanced away from the backend system.Even our servers and systems got comprised also customers funds have  safe because our backend systems are no more connected to frontend/net.


Thanks and Regards,
kamesh

Welcome to BitcoinTalk & thank you for clearing the air. I think now I can give the sources that confused me...

Actual Thread: http://www.reddit.com/r/Bitcoin/comments/1s2172/india_wakes_up_to_bitcoin/

Old Copy: http://webcache.googleusercontent.com/search?q=cache:XmjIMCFUNgoJ:www.reddit.com/r/Bitcoin/comments/1s2172/india_wakes_up_to_bitcoin/+&cd=7&hl=en&ct=clnk




Actual Link: http://www.linkedin.com/company/btcxindia

Old Copy: http://webcache.googleusercontent.com/search?q=cache:VKc3yJNcDx4J:www.linkedin.com/company/btcxindia+&cd=1&hl=en&ct=clnk


Hope all the confusions are clear now...

Nice intro .
I remember you saying that you were going with SNOW/ Justcoin. Did that come through?

Hello,

Greetings!

Sorry for the delayed response.I am Kamesh, founder of BTCXINDIA.
BTCXINDIA is promoted by S Capital Solutions Pvt Ltd.Me & my wife are Directors of this company and Mr. Linus  Lindgren is an investor and he is based out from Sweden.

I met Mr. Benson samuel in Bitcoin Meetup-Hyderabad for knowledge sharing and I feel he is the right contact for Bitcoin startups. As a start up company I met him and got useful information from him. I should say thanks to him to gave right advise.


I was planing to partner with Buttercoin but it was not materalise .Someone ( I can't reveal his name) was strongly recomonded " do not go with Buttercoin" .Hence I am starting my self with the strategic advise of Mr. Linus Lindgren.

If you still have queries, you can reach me at my linkedin profile http://www.linkedin.com/profile/view?id=5987277&trk=nav_responsive_tab_profile

Thanks and Regards,
Kamesh
+91-9701947312

You have been warned about trolling before and you are wasting peoples time again.
I do not have any problems banning you if you continue to do so.

You come in here and try to cause a confusion out of anything.

I spoke against someone posted the name of the exchange and it was not in a definitive tone - "It seems the exchange is running on Buttercoin". I believe u r also not very sure about it - "Don't think he is running on Buttercoin". Please let us know if u r dead sure that it is not running on buttercoin... I would also like to know your association with this site. U developed it, stake holder or co-owner ?


By the way, I'm also confused about your statement "I have met him, nice guy, hope this works out." ...what does it mean ? Someone running on buttercoin is not nice guy and that wont work out ?

You already spoke before Kamesh could.

Why are you getting so impatient ? When his service is launched, he is expected to create a thread regarding that and we may ask him first about his association with buttercoin and then reach a conclusion after considering the information I have...

You posted this https://bitcointalksearch.org/topic/m.6283384
I asked where you got this information from?

Rather than I produce some information that put some tag on the exchange, we should allow the service owner to speak up first.

Where did you get information that it is running on Buttercoin?

Its good if the service owner clears the air himself...

Don't think he is running on Buttercoin.
I have met him, nice guy, hope this works out.

It seems the exchange is running on Buttercoin

Just visited btcxindia . the design is nice now will review how the services are when they will launch

a friend's Hyderabad based exchange btcxindia.com is launching soon too!

We at coinsecure.in use ibitcointrade when needed.

I've tried Unocoin... works ok. Have to upload verification documents and all, and the first transaction will take some time. But its not instant. Your best bet is Localbitcoins... look for sellers who are online at the moment, and the transaction should all happen instantly, usually within 15 mins.

I have done some trades with following sites

unocoin.com
bitquick.in

What other Online Payment processors you are using .? like Paypal, PerfectMoney or other Online PP..?

A newbie create account here post this and then disappear hope he have some good experience for his this journey of buying bitcoins

Try unocoin
..as far as my experience very relialbe, nice friendly customer support.
https://www.unocoin.com/

Give ibitcointrade.com a shot. Trading real time may be a bit of a problem since volumes is low at the moment. However, if you quote the right price, you can successfully execute multiple trades in a day. We send payment directly to your bank account so you can have the payment on the same day itself or at max by the next day.

My reputation thread-https://bitcointalksearch.org/topic/reputation-thread-for-ibitcointradecom-502362
Like Us-facebook.com/ibitcointrade

Kind regards,
Devansh Agarwal
iBITCOINTRADE

If you want to trade daily and withdraw to bank, It's not possible as no exchange site gives fiat in bank instantly.
Withdrawal can take upto 2-3 days or more (International bank wire)

As for buying, You can use any site but you have to wait for a week or more to get your account verified and for btc-e/bitstamp you have to do International bank wire.

If you need bitcoins instantly, feel free to contact me here or on localbitcoins.com

Hello,

I am new and want to buy some bitcoins, I searched forum and found btc-e, igot and bitstamp exchanges. Which one should I go with?

I read reviews about the above 3 and have found mixed reviews on btc-e. I want to trade real time daily and later withdraw to my bank, which one is good for me?

Regards