Topic: Is BuySellBitco.in Legit Site for Selling Bitcoins? (Read 15032 times)

We both know you got what I wanted to say, but we both also know why you had to write this reply

Nice work... The cleanest job yet ..

Hi Skang

You should really redirect buysellbitco.in to zebpay.
- buysellbitco.in is different company and will start allowing people trading again in near future. Zebpay most probably will never have a web presence ( Zebpay is mobile only and we aim to be available on all platforms before end of 2016 )

One reason I used to easily send new people over to buysellbitco.in but can't do so with zebpay is private keys.
Zebpay holds our private keys while the former did not.
- Absolutely agree over private key thing and we do not recommend people to put their all bitcoins in Zebpay, in fact if you will put more than 1000$ ( ~60000 INR ) worth of coins in it, system balance will turn red and you should get notice about it. We are planning to move to multi sig next year ( again private key will be with us, just added security feature ). Whole idea of zebpay is regarding convenience so user do not need to worry about details of bitcoins and its safety precautions and yes it is 100% against core principle of Bitcoin. But actually securely storing bitcoins is very tough task for average Joe and  we really found this as pain point. If you are even at the intermediate level with bitcoin use offline wallets and put very small amount in Zebpay or any other hot wallet.

Yes we can buy and transfer over to somewhere else, but that's too much hassle for newcomers. Earlier they had to install a wallet and buy from buysellbitco.in, now they have to install 2 wallets, to keep the keys safe.
- Actually people transfer them to blockchain.info which IMHO ( personal opinion ) is not too secure and safe. We really do not focus on buying/selling high amounts, we are focused more on quick small purchases and spend. Again it is a business decision as we want to focus more on consumer spending. Our core principle is "Easiest and simplest spend wallet" and "Bitcoins for everyone for everyday" and we are not focusing on buy/sell and trade at this moment. We will introduce vault like coinbase once we are comfortable with storing bigger amounts.

Also, what if somebody hacks zebpay?
- Zebpay wallet is 100% cold storage. Any of the deposits you make goes to cold wallet only. Zebpay maintains a hot wallet ( very small amount ) with very reputed company, so if there is something wrong on our live system the risk goes upto our hot wallet balance which we should be able to manage.

We really want to see one day ourselves storing seed on secure element with innovative backup mechanism, but our core focus does not allow us to invest on that side of tech. Without any excuse in pure bitcoiner terms we are another implementation of Paypal with bitcoin conversion and ledger, the only difference is we want to be more like venmo

I designed the way buysellbicoin works ( most of the business in India copied that model for OTC/brokerage ) and you understand the reason why I never allowed user to store bitcoins on my server

Really appreciate your feedback.

Regards

You should really redirect buysellbitco.in to zebpay.

One reason I used to easily send new people over to buysellbitco.in but can't do so with zebpay is private keys.
Zebpay holds our private keys while the former did not. Yes we can buy and transfer over to somewhere else, but that's too much hassle for newcomers. Earlier they had to install a wallet and buy from buysellbitco.in, now they have to install 2 wallets, to keep the keys safe.

I really appreciate the work you guys are doing and you might have done your market research to conclude that people prefer ease over safety, but  my personal opinion is otherwise.
Also, what if somebody hacks zebpay?

By the way, buysellbitco.in is back with Zebpay ( http://dl.zebpay.com) and now you can
 - buy bitcoins ( lowest price in India ),
 - Vouchers ( at 10% discount flipkart, amazon, makemytrip, freecharge, Dominos, BookMyShw, PVR )

Same old service now available on iPhone and Android.

After launching of new buy feature on app, we received awesome response. I hope people will give us same love and support we received with buysellbitcoin

Regards

Well may be not pretty soon, but coming back for sure.
One thing that I learned is never bet with your customers or future customers, as you dont want them to wish you loose

Regards

No soon! It is going to take time. I know!

Wanna enter ethereum contract?

Yep, we are coming back pretty soon with new team and new business model
Thanks for your support

Regards,
Mahin

Hope to see the site functioning again.

We are not buying or selling at this moment. We are working on few things, which is not related to buy and sell, and will be able to launch it in coming months.

Regards

Is BuySellBitco.in operative again ?

To know that site legit or not you can follow these methods given below:
You can read user reviews, problems, their quires, responses and rating about the site in http://webutation.net

You can also do a whois search in the site WhoisXY.com  and know the owner, technical, administrative contact details etc.. you can use the phone number or email id which you get in whois search and try to contact the person and clarify your doubts.

If the site has SSL certificate it is good site for transactions. SSL certificate enabled site looks like https://paypal.com.

I like BuySellBitco.in, too 

Thanks for kind words subvolatil

@hieroglyph, please feel free to call us, email us in case you have any questions or concerns.

Regards

The site is good the guy running the site is quick and responds fast regarding any quarries.  I vouch for this site.

I've checked out the site a while back and have been wondering the same thing.  I haven't heard any negative news so I'd say test them out and report back your experience. 

I would really suggest thius website as the bitcoin is going higher and higher in the same way the website is going in same direction.So really i had done 1 transaction where the service support was awesome and also i would use this website to sell again and work with those guys in the same pattern.

cheers
*I would suggest to admin one thing that why are we guys in India not having the bitcoin miner ready setup*

It normally takes 1 to 3 business days to complete verification.
You can read more on our blog announcement :

http://blog.buysellbitco.in/buysellbitco-in-services-are-available-to-verified-customers-only/

Regards

How long will it take to get verified after sending scan of my PAN card?

@infonetenergy  Thanks for your kind words

Cheers

Hi malarkannan

We accpet NEFT from all the banks to our Axis bank account. We are going to add more bank accounts ( ICICI, SBI ) in very near future, so we differntiate them as AXIS_NEFT, AXIS_Cheque, ICICI_NEFT.

When you will select AXIS_NEFT it means, you will use your bank account to pay to our AXIS Bank account via NEFT.

I hope it will clear the confusion.

Fell free to contact our helpdesk if you need any help !!!

Regards