I have Sykam Reddy's Bank details as I have traded with him before on localbitcoins.
If you want I can make them public if it helps any of you.
Topic: SCAM ALERT: BITCOIN INDIA (Read 3331 times)
So, what is the current status of this scam? Sykam Ramakrishna Reddy seems to be proudly posting Independence Day messages for Indians.
https://www.facebook.com/SykamRamakrishnaReddyPolitician/videos/303820617040475/
https://www.facebook.com/SykamRamakrishnaReddyPolitician/videos/303820617040475/
I am totally F##KED UP using BITCOIN INDIA. Though of trying out as they offer many coin BUT it turned out to be the BIGGEST mistake of my life. I bought 2 ETH for participation in some ICO and i needed to transfer then to my eth wallet, BUT ..F##K they have just the button "SEND ETH" which only says "Wallet is under maintenance...", when clicked. Now i have send countless mails and just waiting for last 5 days like hell and thinking how to get back my money or ETH.
REALLY WORST EXPERIENCE OF MY LIFE.
Scammers are increasing its number...so becareful of the forms that you gonna fill up...my advice is that for you to be able to know if the forms are from scammers they are asking for you PK or private key so becareful with it...
SCAM ALERT BITCOIN INDIA ? So you dont really need to ask here about every website you hear if its scam site or not. Just use comon sense, if it walks like a duck, talks like a duck then its a duck. So if somebody offers you more then 10 percent a day, an hr, or in a month etc then run. Every logical person knows that its impossible to make that much roi unless you are in the stock market, or investing directly into cryptos and not this scam sites who promise you BTC or high ROI for your investments in such a short time. Most of them are scams or ponzi schemes. Use comon sense and stay away.
I know the guy from LBC. Yes very crappy and slow service.
Dude's name is sykam reddy if anyone cares
Dude's name is sykam reddy if anyone cares
So does he buy/sell from LB
so then what is his site for if he has to buy/sell from LB. It is obvious if the person spent time on LBC then how will he handle his site and the orders of his customers. Sometimes just do now understand why they open an site when they cannot handle.I noticed "Bitcoin-India" username here and on LBC and observed their activities & can confirm that they are the same entity as the pax who operate scam website.
Beware. Things are shady enough as it is.
Got my tether.to verification approved. Hell yeah! Finally will get to buy alt coins with fiat currency without going thru the indigenous thieves.
BTCHoDl Strong!BTC
Does tether.to allow Indian users to register?
I only use unocoin exchange so far so best for me.never faced any problem so far
I know the guy from LBC. Yes very crappy and slow service.
Dude's name is sykam reddy if anyone cares
Dude's name is sykam reddy if anyone cares
So does he buy/sell from LB
so then what is his site for if he has to buy/sell from LB. It is obvious if the person spent time on LBC then how will he handle his site and the orders of his customers. Sometimes just do now understand why they open an site when they cannot handle.I noticed "Bitcoin-India" username here and on LBC and observed their activities & can confirm that they are the same entity as the pax who operate scam website.
Beware. Things are shady enough as it is.
Got my tether.to verification approved. Hell yeah! Finally will get to buy alt coins with fiat currency without going thru the indigenous thieves.
BTCHoDl Strong!BTC
Does tether.to allow Indian users to register?
Well, what was claimed to be an Independence day for Bitcoin turned out to be a candy treat for bitcoin holders with most of them receiving their shares of new Bitcoin cash BCH coins. In short it means that if you hold Bitcoins, after the split/fork, you will have both BTC and Bitcoin cash balances in other words, your coin holdings will double but careful because some of the bicoin users are not safe.
It's not a fault in the site why your bitcoin is a scam because you trust that you should be able to read the rules or talk about future success the project.
thanks for saving us by sharing your experience.
Virtual currency fraud was registered for the first time in the city NAGPUR . Economic offence Wing (EoW) has booked 'Future Bit Company' of Malaysia at Rana Pratap Nagar police station, following complaint of 23 city businessmen for duping them of 25 bitcoins, costing Rs 78lakh.
Cops have procured video clips of the seminar and also listed the names of agents. Around 500 bitcoin investors were duped to the tune of Rs5 crore. The offence has been registered under The Prize Chits and Scheme money Circulation (Banning) Act, 1978. Many top countries have banned the virtual currency. Cops have appealed to approached EoW if they are being trapped in bitcoin fraud.
Cops have procured video clips of the seminar and also listed the names of agents. Around 500 bitcoin investors were duped to the tune of Rs5 crore. The offence has been registered under The Prize Chits and Scheme money Circulation (Banning) Act, 1978. Many top countries have banned the virtual currency. Cops have appealed to approached EoW if they are being trapped in bitcoin fraud.
thanks for information . i was about to buy from the same site today but thanks to this forum i read this scam here , hence after will use only reputed well known sites .
glad to know that post helped you, always research before you invest somewhere.
thanks for information . i was about to buy from the same site today but thanks to this forum i read this scam here , hence after will use only reputed well known sites .
Better o use coinsecure, zebpay or unocoin as they are providing very good services and response to customer is very good. I am using zebpay and coinsecure both are good.
I know the guy from LBC. Yes very crappy and slow service.
Dude's name is sykam reddy if anyone cares
Dude's name is sykam reddy if anyone cares
So does he buy/sell from LB
so then what is his site for if he has to buy/sell from LB. It is obvious if the person spent time on LBC then how will he handle his site and the orders of his customers. Sometimes just do now understand why they open an site when they cannot handle.I noticed "Bitcoin-India" username here and on LBC and observed their activities & can confirm that they are the same entity as the pax who operate scam website.
Beware. Things are shady enough as it is.
Got my tether.to verification approved. Hell yeah! Finally will get to buy alt coins with fiat currency without going thru the indigenous thieves.
BTCHoDl Strong!BTC
Support needs to be improved.
I know the guy from LBC. Yes very crappy and slow service.
Dude's name is sykam reddy if anyone cares
Dude's name is sykam reddy if anyone cares
So does he buy/sell from LB
so then what is his site for if he has to buy/sell from LB. It is obvious if the person spent time on LBC then how will he handle his site and the orders of his customers. Sometimes just do now understand why they open an site when they cannot handle.
I know the guy from LBC. Yes very crappy and slow service.
Dude's name is sykam reddy if anyone cares
Dude's name is sykam reddy if anyone cares
Bitcoin India has suspended accounts of many users and users are unable to get their money back.
There is no positive reply from customer care.
Those who have accounts there, please withdraw their money asap.
Be Safe.
There is no positive reply from customer care.
Those who have accounts there, please withdraw their money asap.
Be Safe.
Namaskar fellow Indians,
I can vouch for this. Have been using bitcoin-india.org as a convenient way to accumulate, although they sell at a premium over international exchanges. I started 2 months back and have learned that it is feasible to buy cheap BTCs from LBC and purchase alt coins from bittrex or poloniex. Anyone just starting could learn from this shared experience.
Back to the matter at hand. "bitcoin-india.org" has always had horrible customer support, buggy interface. But they crossed all limits on the 15th of Sept. During the recent deep market correction (on 15th sept) their buy prices were sky high. I told them so and some issue started with their prices. They ended up shutting down services for over 24 hours. Upon revival the next evening, my account was suspended without explanation. Several attempts to contact them via various channels of communication seemed futile. The next day, they sent me a one sentenced apology email and revived back my account. Needless to say, I have withdrawn all cash and coins from there and transferred to secure wallets.
Going to get legal advice but dont think anything can happen as sector not regulated yet, although they are registered as "BITCOIN INDIA SOFTWARE SERVICES PRIVATE LIMITED"
Its my first post on btalk. dont think i can upload images. so here's a link to it instead. imgur(dot)com/tOf8vLY
The only edit on this is me removing my profile pic next to the battery level indicator.
Go ahead and read all their stellar reviews on facebook. link: facebook(dot)com/pg/Bitcoin(dot)India(dot)Org/reviews/?ref=page_internal
Stay safe, not scared.
And above all, HoDl Strong!!!
I was looking forward to opening an account with the exchange but I am not anymore. Its always a good idea to check the forum talks before investing in some exchange/coin that is not yet popular... Thanks for sharing..
Most welcome ZA! Yup, this Indian forum is a boon for desi crypto enthusiatsts; amateurs and pros alike.
Have fun trading/investing!
BTC HoDl Strong! BTC
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