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How To Transfer Bitcoins To Bank Account In India

[news] Non-resident Indians Can Buy Bitcoin In India Using Nro Account

[news] Non-resident Indians Can Buy Bitcoin In India Using Nro Account

[News] Non-Resident Indians Can Buy Bitcoin In India Using NRO Account Non-resident Indian citizens (NRIs) are one of the biggest contributors to the Indian economy for foreign exchanges, and even though the cryptocurrency scene in India has been booming, these people were missing out on the Bitcoin party. However, NRIs can now enjoy buying and trading Bitcoin in India using their NRO account. One of Indias biggest Bitcoin exchanges, CoinSecure , made an announcement today about opening their services up for NRIs. From today onward , an NRI can open up a CoinSecure account and use their NRO account to deposit or withdraw funds to the exchange. <br /> Can't load widget<br /> According to the announcement, the process of opening an account is the same for NRIs as with any other Indian, with the requirement of a few additional pieces of documentation. Cancelled/paid check of overseas bank account Copy of proof of income/pay stub/tax return If you are an NRI, head over to the CoinSecure site, create an account, submit these documents, and start enjoying Bitcoin! This is big news for all the Indians residing and working in other countries who want to buy Bitcoin. This is particularly big new if you are in a country which is not Bitcoin-friendly, as now you can use your Indian NRO bank account to purchase Bitcoin. And when you have your shiny, new Bitcoin, you can start to trade them and earn some really good money. Just dont let greed overtake you, and dont think that Bitcoin is some get rich quick scheme. Tip: If your risk appetite is low, my advice for you is to start by investing a little amount that you dont mind losing. If you understand the world of cryptocurrencies and how financial markets work, you can consider increasing your investment Continue reading >>

Best Way To Transfer Back And Forth Us And India. : Bitcoin

Best Way To Transfer Back And Forth Us And India. : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

How To Transfer Bitcoin To Indian Bank Account? Convert Btc To Inr

How To Transfer Bitcoin To Indian Bank Account? Convert Btc To Inr

How to Transfer Bitcoin to Indian Bank Account? Convert BTC to INR But you dont need them anymore or you would like to convert your Bitcoins to INR and if you are using any International Bitcoins Wallets then youre stuck because most of these wallets are still not available to buy and sell Bitcoins in India. Downfall in the price of Bitcoins is also expected that it fall more due to upcoming updates (Segwit2x) on Bitcoin. So if you dont want to get affected by these updates you can convert your Bitcoins to INR. How to Transfer Bitcoin to Indian Bank Account? Ive been getting a lot of requests that please share that how we can Transfer Bitcoin to Indian Bank Account.Today I will share the best methods which you can use to Easily TransferBitcoin to Indian Bank Account. Ill also share some tips & tricks to get the highest selling prices to grab some extra profit so make sure to read till the end. This is one of the safest and secure ways to sell your Bitcoins and convert them to INR. Once you have your Bitcoins in any of the Indian Bitcoin Exchanges you can instantly TransferBitcoin to Indian Bank Account. Here are some of the Indian Bitcoin Exchanges that you can use to convert your Bitcoins to INR. Coinsecure is one of the Best Indian Bitcoin Exchanges to Convert your Bitcoins to INR. It is like the other International Exchanges like Poloniex, Cex, etc. To Transfer Bitcoins to Bank Account on Coinsecure please follow these steps: 1.) First of all, Open Coinsecure Dashboard. 2.) Now Click on the Bank Option from Menu. 3.) First, sell your Bitcoins and Convert them to INR Balance. 4.) Scroll down and click on Withdraw Button from Fiat Balance. 5.) Enter your Amount and Click on submit button. Voila! Youve successfully withdrawn your Bitcoins to Bank Account. Zebpay isone Continue reading >>

Reserve Bank Of India Regulations On Bitcoin Inindia

Reserve Bank Of India Regulations On Bitcoin Inindia

Reserve Bank of India regulations on Bitcoin inIndia Reserve Bank of India regulations on Bitcoin inIndia Laws about Bitcoin are in a gray area today across the world. I studied documents from the Reserve Bank of Indias public repository surrounding Virtual currencies and prepaid solutions. I happened to study two documents about Prepaid Payment and Foreign Exchange Management Rules, 2000. A person may come across the need to purchase them through Fiat Currencies (INR, USD, GBP, etc). Purchasing any e-currency and loading to an eWallet is regulated by the RBI. Although Bitcoin is in no way related to this, I wanted to see how close I could get to any laws that could present a roadblock. The RBI regulation on Prepaid Payment Instruments in India defines a lot of areas. After understanding the documents of RBIs guidelines and Rules, this is where I could find the only roadblock based on regulation. 3.2 Only banks which have been permitted to provide Mobile Banking Transactions by the Reserve Bank of India shall be permitted to launch mobile based prepaid payment instruments (mobile wallets & mobile accounts). In order to enter into the market; fiat is needed to purchase Bitcoin. Fiat will fade away as more people adopt Bitcoin. Until that frictionless free flow between consumers and merchants is made possible, this is a problem area for Bitcoins entry into India. Donations and sponsorships. There are enough Smartphones to cause this market to explode in any sponsors favor. Sell Services and goods for Bitcoin. Programming Skills, etc. Mining is too expensive at this stage, unless you have the latest and best equipment. Electricity is not expensive in India. If we keep fiat out of the system, then Bitcoin is unregulated in India. I spent some time on the Foreign Exchange M Continue reading >>

Faq On Trading Digital Currency In India

Faq On Trading Digital Currency In India

Withdrawals would be unavailable during bank holidays and will only be open from 9:30AM to 5PM on other days. The official Bitbns App is now available: Cryptocurrency is nothing but a form of digital currency, which is designed to be anonymous and secure. It is associated with the internet, which uses cryptography - the process in which one converts data into an undecipherable code. It's mainly used to track transfers and purchases. The first cryptocurrency ever created was Bitcoin (2009). You should invest in cryptocurrencies for a number of reasons. Some of the major ones are as follows. Cryptocurrencies are not controlled by a single central authority. Machines that mine Bitcoin and undertake transactions make up a major part of the network and all machines work together. Meaning, a single authority can't meddle in the monetary policy or make their rules for people. You can hold multiple cryptocurrency addresses and they are not linked to names, addresses, or other information that can identify you personally. Cryptocurrencies give you anonymity. However, they store details of every transaction that you make through a huge general ledger called Blockchain. Say, you have a publicly-used Bitcoin address. Anyone can figure out how many Cryptocurrencies are stored in that address. But they just can't know that it's yours. Furthermore, If you are not using cryptocurrencies now, you will certainly use them in the near future. Reason being, more and more businesses are getting involved in it and blockchain startups are coming up on a regular basis. And rest assured, blockchain technology is here to stay. Which Cryptocurrencies can I trade on Bitbns? Currently you can trade 61 digital assets. Top 11 of the top 12 currencies can be traded on Bitbns. Will Bitbns add more coin Continue reading >>

Indias Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts

Indias Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts

Indias Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts India continues its shaky experiment with moneys future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the confusion. Meanwhile, average Indian traders suffer. Popular crypto exchange in India, Koinex, posted an update titled, The Truth Behind the Unexpected Delay. In an usually emotional explanation, the company understood many of our users have faced difficulties with INR withdrawals on Koinex. INR is the abbreviation for its national currency, Indian rupee. A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to Koinex in the past 2 weeks, they explained. This created a bottleneck in the cash flow of user funds, thus hamstringing INR withdrawals on the platform. The government of India has at once been demonstrative in its denial of cryptocurrency viability, yet it has been loathe to regulate on the matter, placing its banking industry in at least a momentary financial purgatory. Theyre been raids , even. No one seems to know what to do, and in such cases the conservative banking industry in any country usually errs on the side of caution. The countrys Finance Ministry weighed-in at the end of last year, warning of cryptocurrencies, which it refers to as virtual currency (VC), Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes, and of how, The Government or Reserve Bank of India has not authorized any VCs as a medium of Continue reading >>

How To Transfer Bitcoins To My Indian Bank Or Paypal Account?

How To Transfer Bitcoins To My Indian Bank Or Paypal Account?

How to transfer bitcoins to my Indian bank or PayPal account? I have recently joined free bitcoin and opened an account on Blockchain.info. I have studied the FAQ, but still I am not sure about how to transfer to PayPal and am unable to understand if I can withdraw directly to my PayPal account or whether I need an exchange. Because this is a very new currency, I am not sure how to transfer my bitcoins in to my paypal account or in my Indian bank account,and please let me know the minimum withdrawal limit. This is a public Questions and Answers site, so "Sir" or "please provide answer for queries" style language makes reading the question akward. Just a tip for the next time :) Mikko Ohtamaa Jan 8 '14 at 23:55 There are other sites in India, but unocoin.com can sell bitcoin for INR ChrisW Apr 16 '14 at 17:05 Bitcoins cannot be "transferred" to any fiat currency or any bank account. If you need to liquidify your bitcoins and you want to get fiat currency in exchange, you can sell your bitcoins in Bitcoin exchanges. Alternative is that you directly spend bitcoins on bought products and services. If you just want to store your bitcoins you can create your own local Bitcoin wallet independent of online bitcoin services . No financial institution will touch bitcoins. In fact, most banks and PayPal are openly hostile towards anything having word "bitcoin" on it. Good options to sell your bitcoins in India is LocalBitcoins where you can sell bitcoins online, or on the street with cash . Be aware that there are some risks, and those risks are especially when selling bitcoins on PayPal . Unless you are professional you should not be doing Bitcoin sells on PayPal. What I would do is that I would transfer my bitcoins to LocalBitcoins trade wallet, pick a trader with high reputati Continue reading >>

India's Biggest Bitcoin Exchanges See Bank Accounts Frozen: Report

India's Biggest Bitcoin Exchanges See Bank Accounts Frozen: Report

Indias Biggest Bitcoin Exchanges See Bank Accounts Frozen: Report Join our community of 10 000 traders on Hacked.com for just $39 per month. According to a report by the Indian news publication, The Economic Times (ET), bitcoin exchanges in India may be facing some disruption from the countrys top financial institutions. Over the past month since December 2017, several national banks, including State Bank of India, HDFC Bank, Axis Bank, Yes Bank and ICICI Bank, have frozen accounts belonging to select digital currency exchanges. The suspension of bank accounts appears to be primarily motivated by the banking industrys lack of faith in such businesses, especially since most exchanges have been largely operating on borrowed funds. Furthermore, of the Indian banks that havent imposed a complete suspension on the bank accounts, most have limited the amount of money that can be withdrawn within a single day. Although Economic Times list of affected businesses only includes Zebpay, Unocoin, CoinSecure and BtcxIndia, other exchanges have also been publicly experiencing some problems. A banking representative told ET that (The) Reserve Bank of India has not issued any directive to us its a cautionary move on our part. Financial institutions are also demanding cryptocurrency exchanges for collateral on their borrowings while keeping accounts hostage. A source familiar with the matter said, Since last month, banks have been asking for additional collateral with 1:1 ratio. Most Indian exchanges that borrowed capital from financial institutions did so in the hopes of raising an equivalent amount in private equity investment, something that has not come into fruition yet. It is likely that venture capitalists are waiting for the government to clarify the taxation and regulatory asp Continue reading >>

Coinbase To Indian Bank Account - Bitcoin To Indian Rupee

Coinbase To Indian Bank Account - Bitcoin To Indian Rupee

Withdraw Bitcoin from Coinbase to Indian Bank Account Bitcoin is a digital currency, selling it to western Union is not an easy task. Thanks to bitcoincashout.com who has made selling bitcoin to Western Union easy. For those who has fund on their bitcoin wallet and wish to send real cash to their friends and relatives or do you want to do business with real cash via Western Union but what you have is bitcoin, this is good news for you. Bitcoincashout help you sell your bitcoin to Western Union. We buy your bitcoin at a very good price and within the shortest time and send your fund to you via western Union and all this is done within an hour. To do this, all that is required of you is to take the necessary steps to transact with us. Just place an order with us, provide us the details that you want us to send the funds, send the bitcoin to the wallet I.d that will be sent to you while transacting. Immediately your payment is complete and confirmed, your cash will be sent to you via Western Union to the address or information you provided within an hour. No third party is needed with bitcoincashout, send your bitcoin to us and receive cash via Western Union. Our Western Union service is worldwide I.e, Africa, America, Europe, India etc. No matter where you are, we can reach you with our service. Use our service today and you will be glad you did.Direct transfer instant exchange automatic sell bitcoin for western union worldwide services BTC to WU usd cashout convert online service high rate offer Withdraw Bitcoin from coinbase to Indian Account Continue reading >>

How Do I Buy/sell Bitcoins/ethereum/tokens Inindia

How Do I Buy/sell Bitcoins/ethereum/tokens Inindia

How do I buy/sell bitcoins/ethereum/tokens inIndia Cryptocurrency and other digital assets for the average Indian investor andtrader In spite of having a very active capital market in India, not a lot of Indians are active market participants. Statistically less than 1% of Indian population trade in listed shares . However the sudden rise is cryptocurrencies like Bitcoin, Ethereum and some related digital assets like Golem, Iconomi has got a lot of us excited to get hold of these so called coins to make a quick buck. I agree its almost impossible to ignore something like a Litecoin that has appreciated 10x in just 3 months , but its equally important to understand these things clearly before jumping into the bandwagon. The main intention of this post is to understand risks, right asset allocation and ways to invest or trade in cryptocurrencies in India. If you are looking for a basic understanding of cryptocurrencies (or Bitcoin in specific), I suggest you go through this Quora thread and this Coindesk article . The primary thumb-rule in investing in cryptocurrencies is to put only that much amount which you are comfortable in losing. Strictly limit yourself to investing an amount such that you would not have any heart burn to lose it completely. Speaking in terms of asset-allocation, this should range between 1% to 5% of your liquid portfolio (Fixed Deposits, Mutual Funds, Shares etc). Anything beyond this can be a big risk. At a broad level the volatility and certainty of this as an asset class compares with penny stocks and hence investors should exercise similar caution in dealing with these. Secondly, it is important to create a portfolio and not depend on only a single currency or a digital asset. Go beyond just Bitcoin . Do your own research and create a portfol Continue reading >>

11 Ways To Buy Bitcoin With Bank Account Or Bank Transfer

11 Ways To Buy Bitcoin With Bank Account Or Bank Transfer

Coinbase is the world's largest bitcoin broker. In the United States you can buy bitcoin with a connected bank account via ACH bank transfer. In Europe you can buy with your bank account via SEPA transfer. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Coinbase charges a flat 1.49% fee on all transactions. Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer. Continue reading >>

If I Get Bitcoins To My Coinbase Wallet In India, How Do I Withdraw Money Equivalent To The Value Of My Bitcoins To My Bank Account?

If I Get Bitcoins To My Coinbase Wallet In India, How Do I Withdraw Money Equivalent To The Value Of My Bitcoins To My Bank Account?

If I get Bitcoins to my Coinbase wallet in India, how do I withdraw money equivalent to the value of my bitcoins to my bank account? Coinbase isnt supported in India you cannot Buy/Sell in India although you can withdraw your bitcoin to bank account. Ive found 3 methods to transfer your bitcoins to bank account: This is one of the safest and secure ways to sell your Bitcoins and convert them to INR. Once you have your Bitcoins in any of the Indian Bitcoin Exchanges you can instantly Transfer Bitcoin to Indian Bank Account. Here are some of the Indian Bitcoin Exchanges that you can use to convert your Bitcoins to INR. Coinsecure is one of the Best Indian Bitcoin Exchanges to Convert your Bitcoins to INR. It is like the other International Exchanges like Poloniex, Cex, etc. To Transfer Bitcoins to Bank Account on Coinsecure please follow these steps: 1.) First of all, Open Coinsecure Dashboard. 2.) Now Click on the Bank Option from Menu. 3.) First, sell your Bitcoins and Convert them to INR Balance. 4.) Scroll down and click on Withdraw Button from Fiat Balance. 5.) Enter your Amount and Click on submit button. Voila! Youve successfully withdrawn your Bitcoins to Bank Account. Zebpay is one of the Popular Bitcoin Brokers in India. Sell Bitcoins on Zebpay App and redeem your Bitcoin in Bank Account. To Transfer Bitcoins to Bank Account on Zebpay please follow these steps: Unocoin is also one of the Bitcoin Brokers in India. Sell your Bitcoins on Unocoin Website/App and redeem your Bitcoins in Bank Account. To Transfer Bitcoins to Bank Account on Unocoin please follow these steps: 1.) First of all, Open Unocoin Dashboard. 3.) Now that youve sold your Bitcoins youve received the amount in INR Wallet. 5.) Enter the amount you would like to redeem and also choose the Bank Acc Continue reading >>

Withdraw Bitcoin To Bank Account Any Bank Worldwide

Withdraw Bitcoin To Bank Account Any Bank Worldwide

Withdraw Bitcoin to Bank Account any Bank Worldwide Exkash.org is Bitcoin automatic Exchange working in Nigerian Ghana Estonia Slovenia south Africa Canada Czech Republic Netherlands Singapore Finland united States Latvia Sweden Hong Kong Australia Norway Austria Lithuania Switzerland Slovakia Ireland United kingdom New Zealand Bulgaria German India Malaysia. You can Cash out large amount of bitcoin, Convert BTC coin into real money, Withdraw Bitcoin to Bank Account Any Country Any Bank Fast, Exchange bitcoin to international wire transfer, Turn coin to normal cash, Safe and secure method to sell your bitcoin at best price. Exkash.com is best company for you to sell your bitcoin at the highest market rate. One more thing that is very good from this website, that you will get paid instantly into your bank account. You are fully safe and secure while selling your bitcoins. Sell Bitcoin Now and Get Paid One of the Certified Company, Having official Permission to change Bitcoin to Bank account directly. we are premier service provider to worldwide customers. Our system is honest and afficient, simple and secure. One of the best and safe way to convert bitcoin to instant cash is exkash.com , Here you can withdraw your large amount of bitcoin directly into your bank account within no time. Do it now Bitcoin to instant Cash Bitcoin ATM Debit Card that Wroks around the world for online shopping and ATM Withdrawal. Order Your Card Now and Get Free 50$ Balance in the Card! Exkash.com is fully automatic system to convert your bitcoin into american bank account or other country. We are professional team working to exchange bitcoin to bank transfer, Send Your Bitcoin to Any Bank in America. Continue reading >>

Indian Bitcoin Exchange Bank Account Unblocked, Kyc Now Obligatory

Indian Bitcoin Exchange Bank Account Unblocked, Kyc Now Obligatory

Indian Bitcoin Exchange Bank Account Unblocked, KYC Now Obligatory The major Indian Bitcoin exchange Zebpay has increased its KYC provisions as police unfreeze a bank account used to sell stolen funds. Police have unfrozen a bank account of Indian Bitcoin exchange Zebpay as part of their ongoing fraud investigation. After criminals stole funds worth around $1 mln from the domestic bank- Bank of Maharashtra last week, it was found that some had made their way to Zebpay for trading into Bitcoin. Together with two other bank accounts, police subsequently froze one linked to Zebpay. As CEO Sandeep Goenka confirmed the account was again operational, Zebpay appears to have stepped up security, announcing all transactions would now require compulsory know-your-customer (KYC) formalities. This includes sending/receiving Bitcoins, airtime recharge or buying vouchers, the exchange said on Twitter. 7th May onwards, KYC is compulsory for all transactions on Zebpay including sending/receiving bitcoins, airtime recharge or buying vouchers pic.twitter.com/8bUaZ278N9 Continue reading >>

Bitcoin India's Mobile Digital Money Wallet

Bitcoin India's Mobile Digital Money Wallet

Bitcoin India is the worlds most secure Digital Mobile Wallet provider in the Industry. Your mobile is your Digital Money Wallet now, easy to carry your money. Bitcoin Indias Digital Mobile Wallet - A single mobile wallet where you can keep all your Money (INR - Indian Rupees) together with other virtual secure payment tokens like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). It's Free to deposit funds to your Bitcoin India digital mobile wallet from your bank account. Bitcoin India Wallet is an all-in-one Mobile e-Wallet that lets you securely complete payments via digital tokens, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Dashcoin (DASH). We accept INR, on both the web and mobile applications. Now, merchants can accept Bitcoin through our app and receive INR deposits daily. A SEAMLESS WAY TO BUY/SELL BITCOINS; We've developed a new feature that allows you to buy bitcoins by transferring funds online from your internet banking. Now, you can secure, transact and buy bitcoins directly from our wallet or from the exchange/trading platform. It's a new standard of bitcoin security and fully insure your assets in the Vault in cold wallets, so that you can assured your money is highly safe and sound. Continue reading >>

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