Interesting.! This week btcchina became No.1 in volume.
Hopefully you can bypass them someday..! All the best guys.!
P.S : Is there a way that you can get away from having the users to deposit payment to your account. When you start getting volumes, the banks start getting all cranky. If there is no transfer happening on the site, then why would you want them to deposit it to you rather than directly to the seller's account.
That is a overhead cost and time delay to deposit it to your account and you then transfer it to the seller.
I would suggest talk to INRBTC. He might have some ideas.!
Topic: iBITCOINTRADE - page 3. (Read 5387 times)
Great news
interesting. Will watch this thread.
30% fine for not executing the order!! i think thats waay too much. whatever you are trying to regulate in the process, the fine is too high, given the volatility of btc, ppl may not want to sell at price they might have earlier quoted.
A scammer can use your site to do scam, he can use your bank account to accept payment and cashout scammed/stolen/fraud funds to bitcoins.
Make sure to do proper verification .
Make sure to do proper verification .
I did not understand how can i get scammed??
You will not get scammed, but you can get into problems if you didn't verified users account and started accepting payments from any bank account.
If no bitcoins are getting trasferred online its not an exchange aka trading site then, you are just acting as escrow for INR payment and it has big risks.
A scammer can use your site to do scam, he can use your bank account to accept payment and cashout scammed/stolen/fraud funds to bitcoins.
Make sure to do proper verification .
A scammer can use your site to do scam, he can use your bank account to accept payment and cashout scammed/stolen/fraud funds to bitcoins.
Make sure to do proper verification .
Perfect. You are alright than 
Best of luck.
Regards
Best of luck.
Regards
One small thing, if you are collecting Service Tax, than you must display your Service Tax number. Do not collect until you have registered Service Tax number.
Regards
Regards
I am finally ready to roll out the..... within 10 days. In the mean time I would like the members to......and report any bugs and suggest ways to beef up security.For testing there is no need to enter correct user details.Upload any file in place of PAN.However do use a valid mail id phone no(used for OTP and notification of trade).The website lin..........
NOTE:Currently login is possible only in business hours as our SMS gateway account has not been converted to transactional
There is no need to ...... with us.Once an order is executed, the ..................b] directly to the buyer[/b].We'll track t.................., we will release the payment to the seller. I will be offering the ........] free of cost for about a month[/b] and plan to charge a small fee (not decided yet but should be around [........ to be .............b], by both the buyer and the seller individually.
The..........s 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
NOTE:Currently login is possible only in business hours as our SMS gateway account has not been converted to transactional
There is no need to ...... with us.Once an order is executed, the ..................b] directly to the buyer[/b].We'll track t.................., we will release the payment to the seller. I will be offering the ........] free of cost for about a month[/b] and plan to charge a small fee (not decided yet but should be around [........ to be .............b], by both the buyer and the seller individually.
The..........s 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
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