1) that is the fees that using fiat requires. in other words that is the expensive banking system's fault. and it is nearly the same amount in other exchanges even those accepting USD.
2) you simply lose all your money. you can file a complaint with law enforcement and run after them but history proves that when the exchanges scam people, they run away for good. so far many exchanges have done it: Mt-Gox, Cryptsy, Bter.com, Bittrex,...
3) there is an Indian board here: https://bitcointalk.org/index.php?board=89.0 which you can visit and ask your country-mates.
Topic: Questions regarding investing in bitcoin in India (Read 108 times)
I have some questions regarding investing in bitcoin in India:
1) I have made an account on unocoin.com but there are transaction fees on buying and selling there. Is there any way any Indian can buy and sell bitcoin without any transaction fees. I saw that even adding balance on the website through net banking requires 1.9% fees. Is there any way to avoid it?
2) What will happen to my invested money if the exchange I am using shuts down ?
3) Are here Indian members making profits through exchanges like unocoin and zebpay. If yes, please share you experience.
1) I have made an account on unocoin.com but there are transaction fees on buying and selling there. Is there any way any Indian can buy and sell bitcoin without any transaction fees. I saw that even adding balance on the website through net banking requires 1.9% fees. Is there any way to avoid it?
2) What will happen to my invested money if the exchange I am using shuts down ?
3) Are here Indian members making profits through exchanges like unocoin and zebpay. If yes, please share you experience.
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