iBITCOINTRADE - page 2. | Bitcointalksearch.org

dc0ded

newbie

Activity: 41

Merit: 0

Quote from: sa1 on December 14, 2013, 09:28:34 PM

Quote from: devansh1991 on November 04, 2013, 03:25:00 PM

The site is currently open to only Indian citizens and yes, we will require PAN.We have taken certain measures to protect user details and will keep on improving them. Even if the site is hacked, neither any monetary loss can occur nor PAN details will be compromised.
Security Features(some still to be implemented before the launch)

1.sha1 encryption for passwords
2.encryption for what ever data is transfered
3.ssl keeps data over network secured
4.cookies for maintaining session which is also secured by encryption plus ssl

About Us

Plain hashing is highly insecure for passwords. sha1 is not encryption. The passwords are just begging to be stolen. You have to spend a lot of time learning about security best practices, and you should pause release until then. Please use bcrypt, pbkdf2 or scrypt.

Excellent point. Thumbs up for you!

Ignoring the security of your customers, is not a wise thing to do...

subvolatil

hero member

Activity: 546

Merit: 501

Cypherpunk and full-time CryptoAnarchist

Quote from: sa1 on December 14, 2013, 09:28:34 PM

Quote from: devansh1991 on November 04, 2013, 03:25:00 PM

The site is currently open to only Indian citizens and yes, we will require PAN.We have taken certain measures to protect user details and will keep on improving them. Even if the site is hacked, neither any monetary loss can occur nor PAN details will be compromised.
Security Features(some still to be implemented before the launch)

1.sha1 encryption for passwords
2.encryption for what ever data is transfered
3.ssl keeps data over network secured
4.cookies for maintaining session which is also secured by encryption plus ssl

About Us

Plain hashing is highly insecure for passwords. sha1 is not encryption. The passwords are just begging to be stolen. You have to spend a lot of time learning about security best practices, and you should pause release until then. Please use bcrypt, pkdf2 or scrypt.

+1
Agreed

sa1

newbie

Activity: 3

Merit: 0

Quote from: devansh1991 on November 04, 2013, 03:25:00 PM

The site is currently open to only Indian citizens and yes, we will require PAN.We have taken certain measures to protect user details and will keep on improving them. Even if the site is hacked, neither any monetary loss can occur nor PAN details will be compromised.
Security Features(some still to be implemented before the launch)

1.sha1 encryption for passwords
2.encryption for what ever data is transfered
3.ssl keeps data over network secured
4.cookies for maintaining session which is also secured by encryption plus ssl

About Us

Plain hashing is highly insecure for passwords. sha1 is not encryption. The passwords are just begging to be stolen. You have to spend a lot of time learning about security best practices, and you should pause release until then. Please use bcrypt, pbkdf2 or scrypt.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: ?? on ??

Quote from: Subal_Damudar on December 11, 2013, 03:34:12 PM

Hi
New hopeful bitcoiner here.. Cheesy

I was wondering if you people take in cash with no bank trails ? like some local meet up trade Huh

? I want to buy my first coins as anonymously as possible...

Yes we will accept cash for small order(less than Rs. 1 lakh) but you will have to deposit it in our bank acc.No local meet ups. NOTE: We are currently in testing phase and are not functional.

Does acceptance of direct cash comply with Indian AML policy ?

Subal_Damudar

member

Activity: 90

Merit: 13

Hi
New hopeful bitcoiner here.. Cheesy

I was wondering if you people take in cash with no bank trails ? like some local meet up trade Huh

? I want to buy my first coins as anonymously as possible...

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Hi devansh. First of all congratulations for your project. Its a really interesting one. I was just checking your site and I have 2 questions...

1. How do u handle NEFT ? Manually check your/company's account and approve or taking some other automated method ? If u r using any automated method I would like to know what it is and how secure it is ?

2. I am interested in a buy offer on your site and as I can see u r going to charge from December 12, 2013. So am I allowed to perform that transaction beforehand ?

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Quote from: devansh1991 on November 04, 2013, 03:25:00 PM

I am finally ready to roll out the exchange within 10 days.

So when is the website going to start trading?

bitcoinisfurture

hero member

Activity: 700

Merit: 500

How's the progress going on Devansh?

bitcoinisfurture

hero member

Activity: 700

Merit: 500

iBITCOINTRADE - By when the site will be up and running? Another thing why dont you display In-Progress or Site under construction on Website so that all know the rates displaying their are just on test and easy of you as well.

troy112

sr. member

Activity: 448

Merit: 250

Just as a suggestion you could also use IMPS for transfering funds , its 24/7 and money comes in instantly. This could minimise the time delays in associated tranactions. There are quite a few banks having this service, and its really instant Tongue

because I was not expecting it to be so fast.

Anyways just a suggestion.

sidjourn

newbie

Activity: 24

Merit: 0

Your opening post says it is a "project."

sidjourn

newbie

Activity: 24

Merit: 0

Someone on the site is selling one BTC for 200 bucks? Is this site even functional at the moment?

Also, if you are calling this as a "project" then I better stay away from it.

buysellbitcoin

legendary

Activity: 1105

Merit: 1001

https://www.zebpay.com

Quote from: ?? on ??

We have used bitco's T&C as the basis for the legal work done for our site.It was quite hard to explain to the lawyer what we are actually planing to do so bitco and rbitco were used as reference. The lawyer told me that bitco's t & c was good enuf and he asked me to make a couple of changes to it & copy the rest as it was. I am not really embarrased by the goof up coz bitco has been a pioneer in the field and any new business can take a leaf out of his book.
@Nefron thanks for ur support Cheesy

Nothing wrong with that. It happens, not a big deal till you get launched officially. Just remove reference and you are good. Please note that once you are launched officially and you make users accept your terms and conditions, each word of that document is legal binding contract so be careful with that once you launch.

Anyways again best of luck for your adventure

@dishwara, really impressed that you read the terms of use of the site you are using it. Normally people simply click, I accept

Regards

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: ?? on ??

We have used bitco's T&C as the basis for the legal work done for our site.It was quite hard to explain to the lawyer what we are actually planing to do so bitco and rbitco were used as reference. The lawyer told me that bitco's t & c was good enuf and he asked me to make a couple of changes to it & copy the rest as it was. I am not really embarrased by the goof up coz bitco has been a pioneer in the field and any new business can take a leaf out of his book.
@Nefron thanks for ur support Cheesy

Absolutely nothing wrong in that. Its the best way to setup a framework for documentation on a website.

nefron

newbie

Activity: 58

Merit: 0

Quote from: ?? on ??

Quote

6. General Provisions.

6.1 Limitations of Liability. IN NO EVENT SHALL WE, OUR PARENT, THE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES AND SUPPLIERS OF BUYSELLBITCO.IN OR OUR PARENT BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH OUR WEBSITE, ibitcointrade.com SERVICES, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE). Some states do not allow the exclusion or limitation of incidental or consequential damages so the above limitation or exclusion may not apply to you. OUR LIABILITY, AND THE LIABILITY OF OUR PARENT, OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES AND SUPPLIERS, TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE ACTUAL AMOUNT OF DIRECT DAMAGES.

ibitcointrade.com & buysellbitco.in are partners or sisters concern?

oh cmon his site is not ready yet, its too early to criticize. you can easily spot few elements of his site are still nt developed, footer is an example.
wat u pointed out is ofcourse a classic copy paste, but let him finish his site, then we can decide its reliability.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: ?? on ??

Quote

6. General Provisions.

6.1 Limitations of Liability. IN NO EVENT SHALL WE, OUR PARENT, THE OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES AND SUPPLIERS OF BUYSELLBITCO.IN OR OUR PARENT BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH OUR WEBSITE, ibitcointrade.com SERVICES, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE). Some states do not allow the exclusion or limitation of incidental or consequential damages so the above limitation or exclusion may not apply to you. OUR LIABILITY, AND THE LIABILITY OF OUR PARENT, OFFICERS, DIRECTORS, AGENTS, JOINT VENTURERS, EMPLOYEES AND SUPPLIERS, TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE ACTUAL AMOUNT OF DIRECT DAMAGES.

ibitcointrade.com & buysellbitco.in are partners or sisters concern?

Lol, dont tell me this is a copy paste gone wrong. Lmao

jinson

newbie

Activity: 51

Merit: 0

Thanks INRBTC and Devansh,

I would suggest HTTPS protocol for your new website as it provides another layer of security and confidence to your customers.

inrbtcad

member

Activity: 116

Merit: 10

Bitcoin Trading Platform

Quote from: jinson on November 11, 2013, 05:41:47 AM

Good to see another Indian BTC exchange company. I am curious about one thing, and it applies to all indian bitcoin exchanges.

Most Indian buyers resort to bank transfer in order to buy BTC. Few banks provide instant transfer option, yet some banks take a couple or more hours to finish the transfer. If the transfer is between 2 different banks, I guess it will take even bit longer to complete it. Then there is another factor of bank timings. NEFT feature is not 24/7.
Last night I saw BTC price dropping to $265 and climbing back to $310 all within a couple of hours. I was wondering what is your normal policy about this intense fluctuation that can happen between my order and by the time my money reaches you? Just my curiosity.

at INRBTC a buyer will be given 24 Hrs to deposit the amount to the Seller's Bank account. The price fluctuation does not matter, the price at which the Trade has been executed is the Final price. Sometime the buyer is given more time especially if the Trade happens after Markets hours or on a Bank Holiday but the price still remains the same.

jinson

newbie

Activity: 51

Merit: 0

Good to see another Indian BTC exchange company. I am curious about one thing, and it applies to all indian bitcoin exchanges.

Most Indian buyers resort to bank transfer in order to buy BTC. Few banks provide instant transfer option, yet some banks take a couple or more hours to finish the transfer. If the transfer is between 2 different banks, I guess it will take even bit longer to complete it. Then there is another factor of bank timings. NEFT feature is not 24/7.
Last night I saw BTC price dropping to $265 and climbing back to $310 all within a couple of hours. I was wondering what is your normal policy about this intense fluctuation that can happen between my order and by the time my money reaches you? Just my curiosity.

Eternity

full member

Activity: 196

Merit: 100

Does this differ anyway round from mtgox or things are same ?

Topic: iBITCOINTRADE - page 2. (Read 5387 times)