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Topic: New to Bitcoin Currency - page 2. (Read 2270 times)

newbie
Activity: 16
Merit: 0
December 01, 2016, 11:57:59 PM
#10

You must apply for Internet banking if you are serious about Bitcoin trades

I didn't understand meaning for Bitcoins trade.
As I mentioned in first post, working as a freelancer some projects giving Bitcoins as payment or as a reward. So I just want take Bitcoins and convert into rupees, whenever I want. For this do I need internet banking?

and for security just remember one thing , its not easy to hack someone's bank account without proper social engineering , so just aware of suspicious calls and don't give out info to anyone who are not financial authorized institution , also when you give out your documents do watermark on it for your privacy protection . Just beware of fake calls asking for personal details , do not ever give to them . You don't need to open new bank account just for security purpose . Every bank's security is well enough protected and most hacks occurs due to stupidity of customers and lack of care . Most people actually loose their bank funds for social engineering frauds , fake calls , Fake lottery offers and etc .

You can find Bank's IFSC here >> https://www.bankbazaar.com/ifsc-code.html
Ok thank you for this security.
But how do I watermark it? Any sample image?
Software app or so it manually?.
And searched on check book and found IFSC code. Thank for information.
full member
Activity: 170
Merit: 100
December 01, 2016, 11:55:52 PM
#9
Thank you for answers.
Is it safe to provide IFSC code to anyone? (Like we are not suppose to share Debit card details, pin no. Etc)

IFSC Codes available online for all banks, You can search here : http://www.ifsccodebank.com/ by selecting your bank, state and branch location.

EDIT: IFSC Codes are used to identify your bank name and branch location, it has nothing to do with your account number or personal details like Debit card pin etc.
newbie
Activity: 16
Merit: 0
December 01, 2016, 11:45:05 PM
#8
Answers to your questions:
1. It's completely safe to provide Zebpay with your PAN card because they are secure and trustworthy exchangers in terms of Bitcoins in India.
2. Coinsecure asks you for documents like Passport, Driving License, PAN card, etc. of which you can provide them any.
KYC means Know your customer, it's a check that these exchanges do before allowing you to trade there. IFSC code is a code that is specific to your bank and bank's branch and city, and is needed to link your bank there.

You can ask anything here too, and we will help.

Thank you for answers.
Is it safe to provide IFSC code to anyone? (Like we are not suppose to share Debit card details, pin no. Etc)

First of all welcome to crypto community ,zebpay and coinsecure are safe and quite fast in transaction.there are thread called 'help' and "introduction" ,you can visit there for your query.
Thank you. Can you provide link for those thread?
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
December 01, 2016, 11:41:10 PM
#7
Thank you all.
Actually I'm concern with my bank accounts security and privacy. As per news hackers stole bitcoins from many online wallets and mobile wallets. So if bank account is connected, how will that affect to bank account with lots of money (below 2 lakhs) or with no money? Meaning, which information of bank can hackers use to steal money from bank?
I have basic bank account with debit card. Any online service I need to apply?
And for security purpose should I open another different bank account with low money?
I can't find my Bank's IFSC code online. How to find it?

You must apply for Internet banking if you are serious about Bitcoin trades and for security just remember one thing , its not easy to hack someone's bank account without proper social engineering , so just aware of suspicious calls and don't give out info to anyone who are not financial authorized institution , also when you give out your documents do watermark on it for your privacy protection . Just beware of fake calls asking for personal details , do not ever give to them . You don't need to open new bank account just for security purpose . Every bank's security is well enough protected and most hacks occurs due to stupidity of customers and lack of care . Most people actually loose their bank funds for social engineering frauds , fake calls , Fake lottery offers and etc .

You can find Bank's IFSC here >> https://www.bankbazaar.com/ifsc-code.html
sr. member
Activity: 787
Merit: 276
Currency Xchanger™
December 01, 2016, 11:34:39 PM
#6
I have downloaded zebpay app and coinsecure app. I don't know much in banking field.
I did little research on Google and wiki, found many things. From this forum trying to understand more about Bitcoins.
I am student, and working freelancer Offline, but now starting Online. Many projects pay through Bitcoins. That is why I need to use this currency.
1. In zebpay, you need to verify using PAN card. Is it safe?? Because we are providing personal and secure information to App.
2. What about coinsecure and it's verification process?
IFSC code? KYC? Whats this?
I only have normal bank account with ATM debit card with no online banking mobile banking service.
Please need help with all this banking stuff.
There should be thread like "ask anything about Bitcoins" that will be helpful.

I am not ZEBPAY Customer but i am for Coinsecure and for Coinsecure you need to send them ID + Address proof and add your bank details to get all verified .
They are very fast both for withdrawal and deposits and also verification process , Benson Samuel is Coinsecure staff and if you have any inquiry then you can ask him also Smiley
legendary
Activity: 1218
Merit: 1007
December 01, 2016, 01:14:27 PM
#5
Thanks.
Which is mostly popular site or app for wallet in India?
Which one you use? And popular among Indian forum members?
How do I get exchange to rupees in zebpay app? Do I need to link bank to App?? IFSC?
Isn't that illegal if you get any free Bitcoin by playing games or earning from etc etc sites?? Because how you pay tax when you exchange Bitcoins?

Most popular site or app for wallet in India is Zebpay, I use them and would recommend you to do the same.
It is popular amongst Indians and you will get them exchanged by simply selling your coins in Zebpay app.
You need to link your bank to app and regarding IFSC, I have already explained it in my previous post before.
Quote
IFSC code is a code that is specific to your bank and bank's branch and city, and is needed to link your bank there.
Nothing is illegal if you can show that you got your bitcoins from those etc sites.
Regardless of earning INR through bitcoins or anything, you are not bound to pay taxes unless you earn more than 2.5 lacs.
If your income is above that, you need to file your returns and show this as "income from other sources", then pay your taxes and you are fine.
newbie
Activity: 1
Merit: 0
December 01, 2016, 12:49:36 PM
#4
Thanks.
Which is mostly popular site or app for wallet in India?
Which one you use? And popular among Indian forum members?
How do I get exchange to rupees in zebpay app? Do I need to link bank to App?? IFSC?
Isn't that illegal if you get any free Bitcoin by playing games or earning from etc etc sites?? Because how you pay tax when you exchange Bitcoins?
hero member
Activity: 910
Merit: 505
December 01, 2016, 09:31:22 AM
#3
First of all welcome to crypto community ,zebpay and coinsecure are safe and quite fast in transaction.there are thread called 'help' and "introduction" ,you can visit there for your query.
legendary
Activity: 1218
Merit: 1007
December 01, 2016, 09:20:51 AM
#2
I have downloaded zebpay app and coinsecure app. I don't know much in banking field.
I did little research on Google and wiki, found many things. From this forum trying to understand more about Bitcoins.
I am student, and working freelancer Offline, but now starting Online. Many projects pay through Bitcoins. That is why I need to use this currency.
1. In zebpay, you need to verify using PAN card. Is it safe?? Because we are providing personal and secure information to App.
2. What about coinsecure and it's verification process?
IFSC code? KYC? Whats this?
I only have normal bank account with ATM debit card with no online banking mobile banking service.
Please need help with all this banking stuff.
There should be thread like "ask anything about Bitcoins" that will be helpful.

Answers to your questions:
1. It's completely safe to provide Zebpay with your PAN card because they are secure and trustworthy exchangers in terms of Bitcoins in India.
2. Coinsecure asks you for documents like Passport, Driving License, PAN card, etc. of which you can provide them any.
KYC means Know your customer, it's a check that these exchanges do before allowing you to trade there. IFSC code is a code that is specific to your bank and bank's branch and city, and is needed to link your bank there.

You can ask anything here too, and we will help.
newbie
Activity: 16
Merit: 0
December 01, 2016, 09:07:35 AM
#1
I have downloaded zebpay app and coinsecure app. I don't know much in banking field.
I did little research on Google and wiki, found many things. From this forum trying to understand more about Bitcoins.
I am student, and working freelancer Offline, but now starting Online. Many projects pay through Bitcoins. That is why I need to use this currency.
1. In zebpay, you need to verify using PAN card. Is it safe?? Because we are providing personal and secure information to App.
2. What about coinsecure and it's verification process?
IFSC code? KYC? Whats this?
I only have normal bank account with ATM debit card with no online banking mobile banking service.
Please need help with all this banking stuff.
There should be thread like "ask anything about Bitcoins" that will be helpful.
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