Why more and more Indian people use ecurrency or Bitcoin? - page 2.

AK47-

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Quote from: cicizhang on May 17, 2017, 06:10:44 AM

Quote from: AK47- on May 17, 2017, 02:26:19 AM

I can't say about whole India. But my friends started using bitcoin owing to its increasing price. I had some great returns through my investment in bitcoin which got their attention and they invested in it too.

OK . looks you mean that investment like HYIP site which offers bitcoin to invest. right?

No, I think I didn't make it clear. Here I meant investing in bitcoin. The way bitcoin is increasing. Bitcoin is the best investment right now. Occasionally some altcoin trading is good too.

cicizhang

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Quote from: AK47- on May 17, 2017, 02:26:19 AM

I can't say about whole India. But my friends started using bitcoin owing to its increasing price. I had some great returns through my investment in bitcoin which got their attention and they invested in it too.

OK . looks you mean that investment like HYIP site which offers bitcoin to invest. right?

AK47-

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I can't say about whole India. But my friends started using bitcoin owing to its increasing price. I had some great returns through my investment in bitcoin which got their attention and they invested in it too.

joeycoin

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Quote from: rajasumi3 on May 10, 2017, 08:03:03 AM

After 6 months post demonetisation,you might have heard that if you dont have minimum balance in your account,it is highly likely that you have pay fine.With this thing,i would say that india should start using bitcoins and start educating people that with bitcoins,there is freedom all over.

yes,post demonetisation It was a big shock for them .turn more people start using ecurrency or online payment to make transcation.

Marma Kalari

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kittiefight.io Combat MMO Lending Jackpots

Is there an ANN thread for you service here,i did a bit of a search but i could not find it,why dont you start an ANN thread announcing your service so that people can make a decision and to have more options is a good thing.
The main reason people are using ecurrency is because of the ease of transaction and the control we have over our assets.

cicizhang

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Quote from: IMZ on May 11, 2017, 01:25:48 AM

To 'reduce fees' in the long run, guys, start using cryptos as currencies. Help some local merchants accept crypto. Make yourself the 'P2P guy' -- buy and sell quantities of cryptos with cash, silver, and barter goods. Do it for zero fees.

Steadily push government money from the system.

but no matter which kind of ecurrency or bitcoin you use. at the end time, you will need to withdraw to a bank as cash to use. so i think 1%fee may help you a lot of for withdraw

cicizhang

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Quote from: sardasa on May 11, 2017, 03:35:37 AM

Quote from: cicizhang on May 10, 2017, 08:47:17 PM

Quote from: sardasa on May 10, 2017, 04:54:16 AM

Indians need INR. Do you support transfers in INR?
Can we deposit BTC and withdraw Perfect Money from our accounts?

Why do you need senders bitcoin address? People use exchanges to send bitcoin and they don't know the bitcoin address then. What needs to be done then?

Yes, you can exchange bitcoin to Perfect money only 1%

Cause on epay.com , Deposit by Bitcoin won't charge any fee, and withdraw to perfect money will charge you 1%fee .

At what rate do you convert btc to USD?
How can I deposit btc if I don't have any particular address using which I will send btc?
I will be using coinbase or Localbitcoins to send you btc and can't give you any particular address from which you will receive btc

you mean bitcoin rate? our rate it is according Real exchange rate.

yes, you need to be using like coinbase to deposits your bitcoin on epay first. if you have any problem, you can directly have an online chat on epay anytime.

sardasa

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Quote from: cicizhang on May 10, 2017, 08:47:17 PM

Quote from: sardasa on May 10, 2017, 04:54:16 AM

Indians need INR. Do you support transfers in INR?
Can we deposit BTC and withdraw Perfect Money from our accounts?

Why do you need senders bitcoin address? People use exchanges to send bitcoin and they don't know the bitcoin address then. What needs to be done then?

Yes, you can exchange bitcoin to Perfect money only 1%

Cause on epay.com , Deposit by Bitcoin won't charge any fee, and withdraw to perfect money will charge you 1%fee .

At what rate do you convert btc to USD?
How can I deposit btc if I don't have any particular address using which I will send btc?
I will be using coinbase or Localbitcoins to send you btc and can't give you any particular address from which you will receive btc

IMZ

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To 'reduce fees' in the long run, guys, start using cryptos as currencies. Help some local merchants accept crypto. Make yourself the 'P2P guy' -- buy and sell quantities of cryptos with cash, silver, and barter goods. Do it for zero fees.

Steadily push government money from the system.

cicizhang

full member

Activity: 127

Merit: 100

Quote from: rajasumi3 on May 10, 2017, 08:03:03 AM

After 6 months post demonetisation,you might have heard that if you dont have minimum balance in your account,it is highly likely that you have pay fine.With this thing,i would say that india should start using bitcoins and start educating people that with bitcoins,there is freedom all over.

I don't understand your point so sure, what it is "post demonetisation"?

As you mean ,if i don;t have much balance in my bank account, they will charge me highly fee?

cicizhang

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Quote from: sardasa on May 10, 2017, 04:54:16 AM

Indians need INR. Do you support transfers in INR?
Can we deposit BTC and withdraw Perfect Money from our accounts?

Why do you need senders bitcoin address? People use exchanges to send bitcoin and they don't know the bitcoin address then. What needs to be done then?

Yes, you can exchange bitcoin to Perfect money only 1%

Cause on epay.com , Deposit by Bitcoin won't charge any fee, and withdraw to perfect money will charge you 1%fee .

rajasumi3

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After 6 months post demonetisation,you might have heard that if you dont have minimum balance in your account,it is highly likely that you have pay fine.With this thing,i would say that india should start using bitcoins and start educating people that with bitcoins,there is freedom all over.

sardasa

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* Buying Bitcoin *

Indians need INR. Do you support transfers in INR?
Can we deposit BTC and withdraw Perfect Money from our accounts?

Why do you need senders bitcoin address? People use exchanges to send bitcoin and they don't know the bitcoin address then. What needs to be done then?

cicizhang

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so looks most of the Indian people most care about the fee, i think our fee which it is benefit .

matumbaman

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the answer is easy because we want to avoid those higher fees.

Connie babay

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As i know most of indian people use paypal and paytm,but since they charge hign rate.so they become to use ecurrecny.

but i am so surpise epay.com offer only 1%fee.

cicizhang

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Quote from: bitcoinisbest on May 05, 2017, 12:18:07 AM

It seems epay is the best for transferring to bank as they charge only 1% and nothing hidden as per them. Could some share the demerits of paypal and what is the exact % they charge when transferring to Indian bank a/c?

Thanks　for your reply, yes, we only charge 1%fee to withdraw like Wire Transfer, Ria Money Transfer, WesternUnion and MoneyGram.and more detail if you want to please.

please what an online chat on our site,it will be easy to know:https://www.epay.com/

bitcoinisbest

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It seems epay is the best for transferring to bank as they charge only 1% and nothing hidden as per them. Could some share the demerits of paypal and what is the exact % they charge when transferring to Indian bank a/c?

cicizhang

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Quote from: apoorvlathey on May 04, 2017, 12:17:44 PM

Quote from: cicizhang on May 02, 2017, 10:12:11 AM

i just do some research on google and facebook.and i find that lot of indian people use E-currency.

and i hear about some indian friend said that charge more than 5% fee when they withdraw whey money to the local bank.

I am cici working for Epay.com.www.epay.com
and i was wondering we charge low as 1% fee to help you wirhdraw money to your local bank. it that feel good for your side?what do you think of this service, would you please wirte me some advice.

Yes, lesser fees services are mostly preferred.
More and more indian people are using bitcoins because day by day the internet is getting accessible to more people and few of them use bitcoins.
It is the increasing popularity of bitcoins, and a way to earn online, that has encouraged the people indulge more in bitcoins, thereby getting all the benefits offered by cryptocurrencies.

Yes, you are right. most of the Indian people care about the fee. which that it is our point and thanks for you to share me your opinion. so we just charge 1%fee 。 I think it is lower than most of your local system.

cicizhang

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Quote from: iram3130 on May 04, 2017, 12:12:37 PM

Very less hidden charges compared to bank transactions, PayPal is useless for India as they charge hefty fees, I know this because I have sent some money recently to India.
To OP: there are many reasons for indians to turn towards e currency or bitcoins, population, demonetization and fees on Fiat transactions may be the major ones.

Yes, I have heard that from my Indian friends, most of them complained about the local online payment and PayPal which cost them more than 5% fee, when they withdraw money to the local bank.and in this process, sometimes it may charge some hidden fee.

Topic: Why more and more Indian people use ecurrency or Bitcoin? - page 2. (Read 4776 times)