Topic: Processing time (Read 3189 times)

I think zebpay is really good as it comes with app version but lack desktop version but soon they will add it.zebpay deposit and withdraw system is quick too and best part is the flexibility of adding your identity proof to buy/sell bitcoin.

yes but its depend most people accept cash deposit for as exchange for bitcoin and most don't accept for security reason.i found zebpay don't accept cash deposit in bank.

Ok
One question.
Can we cash deposit into your bank account for buying bitcoins?

I can ascertain that this post enlightens the concept of Bitcoin and its anonymity and various such services on the Internet.

Government can contol supply,import and exports of gold which it can't do with bitcoin.Bitcoin is a currency and most governments are reluctant to allow a parallel currency

yes,i do think so.because trading gold is not illegal so then why bitcoin would be.gold is goods,bitcoin is digital goods too.people  also can store black money after storing gold.
right?

It is not always possible to even have a traditional identity behind a bitcoin transaction.

The concept of alter-egos; Mere kayi chehre hain.
I am different when I am gaming online, different for my family & professionally, different person when I am hacking, different person when I am eating beef...etc.
I want to keep these identities separate and anonymous.
I don't want to give my identity while buying a pornographic/satanist/religious-extremism/etc book or magazine because it will jeopardize my identities elsewhere, though all of these are legal.

Sir you have only witnessed earth for 0-70 years and you think this is how the world has always been working.
When publishing came to be widespread, only adults above the age of 25 with a license could enter a library.
Now even a kid has access to all sort of filth as well as intelligent information through internet.
Is it all goody goody? No. But definitely access to information is more good for society than bad.
Same like any technology. It has its negatives but does more good than bad.

Anonymous transactions facilitates some bad use-cases, but does more good than bad.
Minorities can now buy stuff (eg their religious books) without the fear of being identified and killed.

What is identity?

Before 2009 there had to be humans being behind a transaction. Even if it was a computer, the transaction was by the owner of that computer.
In India only humans or group of collaborating humans (corporations) are supposed to hold wealth.

Now, non-humans can have wealth.
Non humans can collaborate and form DAOs.

Also I will argue that you can't define a human being's identity.
My body parts are not me; I could have a complete plastic surgery.
My thoughts are not me; I could go crazy.
My social interactions are not me; I can go crazy, burn my skin and land up on an island & still be me.
My history is not me; in the digital world two objects can be exactly alike and just reffered by their enumerations.
My biological configuration is not me; all of the cells in my body change every 10 years.
My credentials are not me; easily faked (& mostly non-unique).

Anyways, it will become clear to you when you see DAOs in real life (and not that ether shit, the DAO as defined in computer science).

You are confusing secrecy with anonymity both are different.
The question is if law enforcement agencies wants you to disclose your identity in some case for ex bitcoin transaction,and you are reluctant,It is wrong

No sir it is not.
Please read my comment just above your comment.

If you are deliberately concealing some information which you should disclose, is a crime.It is a personal choice and nobody's business whether you want to disclose your wife's pregnancy or your sexual orientation but keeping yourself anonymous in some business deal or anything that involves two or more person is different.

sorry to be rude but your statement is useless and spare. these all material you mentioned is no longer attached to business area.
yes this is true that if someone's wife is conceive but he don't want to disclose it.do you take both are same?
one things is already clear this is criminal through to be anonymous while bitcoin trading.
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Since by being useful you want use cases related to business area, I'll give you that.
The rationale applies to business areas too.
Companies keep trade secrets. Companies keep their IP and processes secret. And private companies also keep their finances secret.

There used to be a time when the standard of success for a company was taking it to an IPO. Now if you want to go public the default is, why?
Private companies like Tesla will be the norm in future. (And already is in tech hubs like silicon valley and singapore)
Companies are now private for longer and longer period of time and there is really less advantage than disadvantage to going disclosing anything.


About your second point, I don't "trade" per se, but I always "use" bitcoin anonymously.
I am a criminal in the face of law (for example I have committed the crime of not reporting a 50Rs note to police, as per our lawbooks)
But for the general public, I am not a criminal, yet I will always use bitcoin anonymously or publicly, as I wish to, same as with any barter.
And no it is not clear this is criminal. It is clear that barter is legal in India.

well..possibility is 100% positive.i am also a small trader and seen many peoples want bitcoin immediately.also they don't care about price.so we can play on, on theirs requirements.
i suggest you to add this extra feature on your service.

We have this in our mind already through mobile wallet providers and are working with them to check the possibility.

Excellent idea.I think this will work fine because sometimes all of us wants to but immediately and at that time we wont mind paying some fee due to urgency.In normal circumstances,free of charge neft/imps will be ok

yes but i have an idea in my mind.let's provide two option for buying bitcoin in your exchange.
instant buy
usually buy
when someone want to buy instantly the fees will be high(mostly people will be ready to pay if they need immediately. )in instantly buy also mention there why price are high.
and in usually let it be old.

how this idea it may attract people?

We are implementing something at the moment, but the fees will have to be taken up by the user.
There is no way we would swallow the fees, but we do have some nice deal with our provider that should help on larger deposits without the pinch of 2-4%

you are just right

We cannot really support this unless the transaction fee by debit card processors reduce to less than say 0.5% which is unlikely to happen over long run.

Auto deposits are unlikely to happen. However we are trying on few relationships which can allow small quantities to be purchased instantly without going through bank deposit process - hoping they work out

This is indeed very high fees.I hope they can workout some ways to make instant deposit

i know they can't avail this features to their customers because for doing this they have to add payment gaetway service.and payment getaway take 2-4% tax while receiving money in your bank.so btc rate will be increase 4% in exchange.then people will not prefer to give high amount because they can get same things in less than 4%.
thats it.

yes privacy is not for criminal only.
but which privacy are you talking about?
your that useless statement on wife or bank?
if you need bank privacy while exchanging your coin with any exchange they are not fool,they only deal if you provide your info.

agreed with you zebpay is more more faster than unocoin.unocoin just waste of time.its take lot of time to get exchanged your coin or money.

sorry to be rude but your statement is useless and spare. these all material you mentioned is no longer attached to business area.
yes this is true that if someone's wife is conceive but he don't want to disclose it.do you take both are same?
one things is already clear this is criminal through to be anonymous while bitcoin trading.

so here you trust stranger who created ac on lbc without submitting his personal documents.what is guarantee they are not compromising your info.
LOCALBITCOIN IS PLACES OF CRIMINAL AND BLACK MONEY
this because you can buy hacked credit card and buy bitcoin from any trader without showing your identity on lbc.you can also send money from someone's else ac.
1week ago my friend got scammed while trading on localbitcoin for mobikwik.the buyer of btc sent money from someone's else mobikwik account.then mobikwik account holder claimed to police.finally btc seller account has been freezed . there are many people around me doing carding and hacking ac of wallets.and simply converting its in btc.
no identity,white money. you just kid in this exchange market.if you sell bitcoin in lbc i am sure one day either you will be fuvked in scam or get money from stolen credit card.then owner of ac will complain that you just stolen their money.

in other side exchange are good. they don't share your account info till police need.its depend on what kind of business you are doing with your bank ac.exchange never can scam you.they are authorised and registered with government. they have great policy and if they compromise with your documents you can claim on them.

local bitcoin have some chances to get scammed by someono.you can't trust people but you can trust company like zebpay,coinsecure...etc.
this is because i already scammed on localbitcoin.they don't take your identity you can create account and fuck amyone thers money there. police will not do anything.

by the way you need anonymity because criminals are doing this.then this is made for you...go ahead.

no,not all.Zebpay use  neft for withdrawing inr.thats why i get notification before getting inr in bank "your withdrwa request has been completed."but when i check my bank ac there will be no money received by zebpay.

Great efforts by you. currently i am using each exchange so your info are good.but here withdrawing inr in Zebpay the money store in Zebpay account not in your bank so it can't be asume as withdraw.after this withdraw inr take 2-4hours.its my personal experience.

Auto deposit or auto withdrawal? I suggest Indian exchanges should support adding funds with debit cards too besides imps/neft etc as debit card funding would be instant and can be done 24x7

Any plans to reduce the timing and also anything like auto deposit coming up soon?

Our Bitcoin deposit need 3 confirmations and withdrawal are instant.
INR deposit and withdrawal takes up to 3 business hours.

Regards

Good folks pls keep your discussion about criminality outside this thread.
Thank you all for your contribution.I have updated the thread.

I think among all Unocoin takes 24 hours for INR withdrawals.  But zebpay takes around 30 mins when you deposit INR withdrawal.

Read the quoted quote inside the quote you quoted. Privacy is not just for criminals.

all I know is Unocoin too slow

So how are these questions related to bitcoin/bitcoin exchange. I am not aware of any exchange asking this information, maybe you can enlighten us with the innovative exchange which decided to follow the footsteps of satoshi and setup a bitcoin exchange as path breaking as bitcoin itself.

Really??
What if your wife cant conceive and you don't want to disclose that?
What if you have a mental disease and don't want the stigma?
What if you are genetically gay but happen to be born in a society that doesn't accept it?
What if you are a minority in a rioting area?
What if you are a whistleblower?

I can keep going but if it is still beyond your comprehension then it is, well, beyond your comprehension.

Everyone is entitled to their
opinion and I respect yours.But I am more convinient with sharing my info with these companies rather than any random individual.Moreover unless one is upto something illegal,why would he want to be anonymous is beyond my comprehension

I'm compromising my anonymity with a person and not with a company who'd keep my information safe and secure and produce when needed.Also the guys who I trade bitcoins with,live in some other parts of the world who give two shits about my bank information. 

How do you get paid when you sell on localbitcoin or p2p? If you share bank details or PayPal with buyer,aren't you compromising on you anonymity?

Want a good advice ? Stop using Indian bitcoin exchanges if you love anonymity.I still prefer buying/selling using localbitcoins or p2p here on bitcointalk.

As per my experience with Coinsecure, all my withdrawals were nearly instant (30 - 40 mins) and they always do IMPS, which is awesome. 

At Zebpay Deposit and Withdrawl of bitcoin is instant.Deposit of INR is through IMPS/NEFT etc and takes normal time depending on your bank.Based on my experience,INR withdrawal happens within 1 hour on working days

Coinsecure has instant withdrawal and deposit of btc with 3 confirmations and inr withdrawal/ deposit in 30 mins if the request has come during business hours.

Zepbpay
Deposit btc after 6 confirmation
Withdrawal instant
They provide a good service of recharge and zebpay zebpay is instant and feeless.

Dear members,
Lets provide this vital info to the community about the deposits/withdrawals time of various exchanges

    Exchange          |    Deposit(btc)           |     Deposit(INR)       |    Withdrawal(btc) |    Withdrawal(INR)
                      
1.  Coinsecure                  Instant(3 conf)             1 hour                    Instant                       30 mins

2.  Zebpay                       Instant(6 conf)             30 mins                  Instant                       Instant

3.  Btcxindia(Lvl1)             Instant                        2 hours                  2 hours                 1 business day

4.  Unocoin                          ?                                ?                            ?                    1 business day


Please  help me fill this form:
Regards