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Indian Bank Shuts Down Bitcoin Exchange Btcxindia

Indian Bank Shuts Down Bitcoin Exchange Btcxindia

Indian Bank Shuts Down Bitcoin Exchange BTCXIndia Join our community of 10 000 traders on Hacked.com for just $39 per month. After launching about one year ago, BTCXIndia is closing its trading platform because its bank will no longer allow them to operate. The exchange posted a notice on its website stating that they will close down their bitcoin trading platform as of May 20, 2015. BTCXIndia was the first bitcoin exchange in India offering a secure, real-time trading platform, following KYC and AML guidelines, and allowing instant INR (Indian rupee) deposits and withdrawals. We have today been informed by our bank that they will no longer serve bitcoin businesses, the notice stated. We have investigated the possibility to operate through other banks, but it seems this is a general policy in India as of today. Closing comes despite of good performance The closing comes despite a clean record serving customers, based on a CCN review of bitcoin websites. We have been in close contact with banks and authorities to ensure we are as legally compliant as possible in a new industry, and todays news comes as a big shock to us all, the notice states. The closing reflects the challenging regulatory environment that bitcoin has faced in India. CCN also reported today that Unocoin , a trading platform in India, has been at the center of an intensifying debate in India over the legality and regulation of bitcoin. In January, Reuters reported that Indias central bank, the Reserve Bank of India , cautioned investors to be wary of using virtual currency because of the associated security, financial and legal risks. That caution followed a December 2014 advisory that prompted some Indian bitcoin traders to suspend their operations. The RBIs worries include taxation, security risks, lo Continue reading >>

Btcxindia Review - Can You Buy Ripple Coins From Btcxindia.com? - Best Bitcoin Hardware Wallet Review (buy Btc Now)

Btcxindia Review - Can You Buy Ripple Coins From Btcxindia.com? - Best Bitcoin Hardware Wallet Review (buy Btc Now)

Best Bitcoin Hardware Wallet Review (Buy BTC Now) Best place to buy bitcoin hardware wallet with our comprehensive reviews. Find news about bitcoin exchange, mining sites, wallet apps, miner pool, bitcoin faucet, profile calculator and many more. Home Reviews BTCXIndia Review Can You Buy Ripple Coins from BTCXIndia.com? BTCXIndia Review Can You Buy Ripple Coins from BTCXIndia.com? BTCXIndia is the only Indian crypto-token marketplace to buy and sell Ripples XRP coins for INR. Read my review before you trade at BTCXIndia.com It is Indias biggest Bitcoin Exchange Company based to Hyderabad and established in 5th may 2014. It allows you to trade bitcoin, Ripple and other cryptocurrencies through Indian ruppes. You can start using it after creating an account. It named as worlds fourth most funded startup in cryptocurrecny industry. BTCXIndia Review Indias Ripple Coin Marketplace BTCXIndia is the certified member of NASSCOM and Indias first crypto-token marketplace to buy/sell Ripples XRP Token for INR. It is Hyderabad, India based venture that provides Ripple account at highest levels of security and reliability. Let go through all the unique features offered by this platform. Buy and sell ripples and crypto token for INR. Live Chart with daily, weekly and monthly breakdown. Live order book to follow your orders in real time. Enter and exit trades through daily volume growth. BTCXIndia offers your own digital wallet to store your crypto token. Access your online wallet at anytime from anywhere using secured mobile application or desktop website. With initialize this account, you got much more security for anything like, Financial institute grade security and advanced encryption keeps your account secure and safe from hackers and spammers. User can enable two-step authenti Continue reading >>

Btcxindia Is Manipulating Prices.

Btcxindia Is Manipulating Prices.

I didn't wanted to write it but I am pissed off now as this issue happened with me 4th time. I saw some good trade and sent funds (for 5.4 btc) to btcxindia via IMPS, and in less than a minute that trade got removed and only high prices bitcoins were there. Same issue happened with me last night and several times before. First I thought it might be seller who changed prices but it's not possible for a seller to know when someone is going to buy. It's 10:59 AM now and I doubt those 2 sellers were even online at the same time when i sent those funds. Conclusion is, either btcxindia is buying those coins and selling them at higher prices later by manipulating prices or they have placed fake trades to show their volume and they are changing prices of those trades/removing trades right after when someone is depositing money. I would like to remind again, it's not the first time I faced this issue, it's the 4th -5th time. I always do IMPS so there wasn't any delay. Here I am proving the credit history of yours. Your first amount credit at 10.45am and have time of 15 minutes to trade.You are the buyer want to buy with cheapr price and sell in Local bitcoin with higher price.Same thing, seller want to sell higher price and buy lower price in local bitcoin or any other platform. May be you are frustated due to losing the monoploy in Bitcoin trading. If you are allowed me to publish your transaction history , I will publish all your previous credits, withdrawns and Bitcoin transfers.Hence traders comes to know.Yetsrday night also you have traded 2.5 btc and withdrawn the same. BTCX6144Withdrawn2.52014-11-12 23:33:54 let the traders decide, our exchange is correct or not.Our exchange is for the both buyers and sellers ; not for you (one side) Pretty interesting accusation but i d Continue reading >>

Btcxindia Wallet

Btcxindia Wallet

Token Recap - This process automatic. end u. Zebpay India s Leading Bitcoin and Cryptocurrency https is the fastest easiest way buy BTC Ether Litecoin LTC Ripple XRP other . Ltd. CryptoCompare needs BTCXIndiaAPI is an Application Programming Interface allows our clients access and control their accounts using custom first Token Exchangehttps Wallet Deposits address can be found bottom of page. pos v for var t in return rt function tualr y if Creating an account with us gives you access to liquid market on which trade crypto tokens and INR secure wallet from send receive funds tcoin Is this answer helpfulThanks more feedbackThanks How can be improvedHow the improvedTell howCan answerBitcoin btcxindia walletBTCXIndia first exchange offering real time trading between rupees. Read Exchange Reviews Live Markets Guides https exchanges btcxindia is one of the leading Bitcoin . CryptoCompare needs BTCXIndiaAPI is an Application Programming Interface allows our clients access and control their accounts using custom first Token Exchangehttps Wallet Deposits address can be found bottom of page. dia s Bitcoin Exchange BTCXIndia to Close Following https news indiasbitcoin week crisis the Indian market involves recent closure due loss of its banking partner First with indiasfirst fullyopen now has and compliant called also featuring live trading platform wallet service which launched officially on May southern city Hyderabad BTCXIndia - India's first crypto-token marketplace Sa config sb form q sw as u fAS fSuggestions fpt dpage rp bq dbtcxindia bwallet blanguage aen mkt denus qry removeSuggUrl delete matching queries uqt usig uresponse json uFORM ASRMHS profile historyFORM ASRMHP Web eHC ePN fetchOnEmpty sbtouch eNw nwRz nwLim loc SearchRemoved This was from your eSearch var functi Continue reading >>

What Is Ripple

What Is Ripple

Ripple is an internet protocol developed by Ripple Labs to connect all the world's disparate financial systems to enable secure transfer of funds in any currency in real time. Ripple Labs was co-founded by Chris Larsen and Jed McCaleb. It is based in San Francisco and has received funding from Andreessen Horowitz, Google Ventures, IDG Capital Partners, Digital Currency Group and several other prominent VC firms. A protocol is a system of rules that allows messages sent by one system to be decoded by another system. The common protocol used by people on daily basis is the communication protocol, HTTP (Hypertext Transfer Protocol) and the email protocol, SMTP (Simple Mail Transfer Protocol). The Ripple Transaction Protocol (RTXP) serves to establish a series of rules by which disparate financial systems can communicate among one another, much like HTTP and SMTP. By establishing a universal financial protocol, RTXP serves to create a universal set of rules that each financial institutions could abide instead of having each institution working within the confinement of its own rules and regulations. Fiat currency balances traded on Ripple protocol are only redeemable at specific "gateway" from which the digital money is issued. Gateway is the place where fiat currency enters and exits the Ripple protocol. Gateway may seem similar to traditional commercial banks in practice, but gateway could be any business that provides access to Ripple protocol including banks, money service businesses, marketplaces, or any other financial institution providing the services of accepting cash deposits, issuing balances into user accounts and accepting users withdrawals on demand. Popular gateways for the Ripple Protocol include SnapSwap, Bitstamp and Gatehub. Gateways are of utmost import Continue reading >>

How To Transfer Ripple From Btcxindia To A Paper Wallet - Quora

How To Transfer Ripple From Btcxindia To A Paper Wallet - Quora

A paper wallet is where one generates the private key (secret) offline and prints both it and the address generated from it onto a piece of paper. A guide to creating a paper wallet for Ripple/XRP using (1) Save (CTRL+S in a browser) (html/css/js) onto a USB drive. (2) Boot into a live, amnesiac, offline environment such as tails . www - live: OS loads/boots from removable media.amnesiac: OS session doesn't write to any static (permanent) memory. After you power down the machine it's as if it were never on.offline: do connect the computer to the internet. (4) Print (CTRL+P in a browser) the generated wallet. This is probably the hardest step. You have a few options (listed from least to most know-how) :(4a) Print the generated wallet to a pdf on a USB drive---can be same USB drive as in step 1. Then plug USB into a printer and print from pdf file.(4b) Connect to the printer over a local network.(4c) Connect to the printer directly (probably over USB). (5) Clean up. If you're printer has memory, wipe it's memory (if you're really paranoid destroy the printer). If you saved a pdf of the wallet on a USB drive reformat the USB drive in the amnesiac OS (if you're really paranoid destroy the USB drive) Continue reading >>

Indias Bitcoin Exchange Btcxindia To Close Following Loss Of Banking Support

Indias Bitcoin Exchange Btcxindia To Close Following Loss Of Banking Support

Indias Bitcoin Exchange BTCXIndia to Close Following Loss of Banking Support This weeks crisis in the Indian Bitcoin market involves BTCXIndias re-cent closure due to the loss of its banking partner. This weeks crisis in the Indian Bitcoin market involves BTCXIndias recent closure due to the loss of its banking partner. The India-based exchange, BTCXIndia which featured a live trading platform and wallet service, said in a statement on its website and via email that it would close its doors on May 20, 2015 citing that without a bank account, we can no longer operate as a business and we are thus forced to close operations. This sudden turn of events startled several active bitcoiners, who interpreted the move as being a strategic regulatory move by the central bank towards an eventual ban. The members of the Bitcoin India Alliance (BIA) an alliance of Indias top Bitcoin entrepreneurs - were quick to to assess the issue. Vishal Gupta, SearchCoin Network Founder, told the following to Cointelegraph: BTCXIndia has posted on their site that their bank accounts have been shut and further claimed that no other bank is offering to open an account for them. This seems to have set panic within community at large. On our further probing the matter it seems its a case in isolation and there is no blanket ban or directive from RBI (Reserve Bank of India) to this effect. We at BIA would like tell Bitcoin users in India not to panic on this news. We would also like to request for BTCXIndia to make document they received from their bank public in larger interest of Bitcoin community in India. Meanwhile, other members reassured that their businesses have not received any orders to cease operations. Sathvik Vishwanath, Unocoin CEO, said: "We have bank accounts with national sector, pri Continue reading >>

Btcx India Review - How Reliable Is It? - Coindoo - Bitcoin & Altcoin News And Reviews

Btcx India Review - How Reliable Is It? - Coindoo - Bitcoin & Altcoin News And Reviews

BTCX India is Indias first live trading platform and wallet. BTCX India is dedicated only to clients from India, offering the possibility of converting Bitcoins into Rupees and vice versa. The company was founded in May 5t, 2014 and it is managed by S Capital Solutions Pvt. Ltd. After a shutdown due to some legal problems, it was started again by Kamesh Mupparaju , who stated that they stopped trading functions to integrate Ripple technology to allow trading between XRP and INR. Ripple confirmed the news. The homepage looks simple, clean but a bit outdated. The FAQ and About Bitcoin section seem to cover most of the important questions that would a customer would normally have. But aside from that, the web page doesnt seem to offer anything else. There are real time exchange rates on the site, but they have to be searched for, while most other bitcoin exchanges have this feature available on their live feeds. BTCX India charges 1% for buys or sells, this fee also including taxes. Like most exchanges, they charge no fees for their wallet services. Transfers from one wallet to another or via NEFT, RTGS and IMPS are without charge. Ripple wallets always require an initial deposit of 20 XRP for you to receive a wallet address. This means that youll have to have different wallet addresses and different accounts (because you can have only one account per address), which is a big drawback. BTCX India does not offer its exchange services 24/7. All transactions are done in between 8 am to 8 pm, form Mondays to Saturdays. This leads to a large time gap between an INR deposit made outside the functioning hours and when the amount appears in the wallet. Transactions via NEFT and IMPS take 2 working days. Aside from a detailed registration form and Know Your Customer identification Continue reading >>

Btcxindia | India's First Ripple Exchange & Wallet

Btcxindia | India's First Ripple Exchange & Wallet

We use cookies and other technologies on this website to enhance your user experience. By clicking any link on this page you are giving your consent to our Privacy Policy and Cookies Policy . Home Business BTCXIndia | India's First Ripple Exchange & Wallet BTCXIndia | India's First Ripple Exchange & Wallet The description of BTCXIndia | India's First Ripple Exchange & Wallet Welcome to BTCXIndia, Indias leading crypto token exchange. Were a venture backed company based out of Hyderabad, India and weve lovingly built what we were searching for but just couldnt find on the market. An XRP wallet and exchange providing real time trading of crypto tokens and INR and operating at the highest levels of security and reliability. First INR crypto currency trading application in india. Useful for ripple to INR. ETHEXIndia provides you a powerful ETH Wallet system enabling real time trade between ETH and INR. A wallet lets you store your ethers. By creating an account you can have instant access to your secure wallet as well as trading between INR and ETH. - Express transfer your Rupees through NEFT, IMPS and RTGS . - Buy and sell crypto tokens for INR with the tightest spreads in India. - Hold your crypto tokens securely with our online wallet. Your coins are stored securely for you to trade whenever you wish to. Continue reading >>

Two Indian Token Marketplaces Suspend Trading Due To Regulatory Pressure

Two Indian Token Marketplaces Suspend Trading Due To Regulatory Pressure

Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure Two Indian crypto token marketplaces have announced that they will halt trading from March 5. The platforms state that this is due to regulatory pressure which put their businesses “under a lot of stress.” Also read:  Indians Look to Buy Bitcoin Overseas as Regulations Tighten Two Indian crypto token marketplaces, Btcxindia and Ethexindia, have announced that they will “halt cryptocurrency trading from March 5,” the Economic Times reported. Over 35,000 members have used the two platforms, the news outlet added. Btcxindia, which began as one of India’s oldest bitcoin exchanges, has been operating for four years. However, last year the platform dropped bitcoin trading to offer real-time ripple (XRP) trading for Indian rupees (INR). Btcxindia recently posted a notice on its website, stating: Customers are advised to withdraw their funds (BTC, XRP and INR) on or before 04 March 2018, if not [their accounts] will attract annual wallet maintenance fees…XRP/INR trading will be halted effective from 05 March 2018. Ethexindia is “India’s first ether exchange,” according to its website. The platform, which has been offering ether (ETH) trading for rupees for two years, has also halted both INR and ETH deposits. “Deposits received, if any, will be automatically reverted to the respective bank accounts,” the company emphasized, adding that, “ETH/INR trading has been halted from 01 March 2018. Customers are kindly advised to withdraw their INR and ETH.” Both marketplaces are managed by S Capital Solutions Pvt Ltd. Other than these two platforms, S Capital also has a 12% equity stake in Crypt E Tech Solution, the company behind bitcoin payment service provider Blockonomics, accordin Continue reading >>

Destination Tag Gatehub

Destination Tag Gatehub

Destination tag is a 9-digit figure, unique toeach hosted wallet. It works as a wallet address. Note that Ripple wallets at GateHub do not have a destination tag. A destination tag is extra information with a Ripple transaction, just like a reference with bank transactions. It is usually requested from the sender by the funds receiver.It identifies the transaction, in case several transactions from several senders may be sent to the same receiving address. Some exchanges like Bitstamp require the users to include a destination tag, in addition to the receiving ripple address, when the user makes a deposit to the exchange. In this case the destination tag identifies the user within the receiving exchange. Other services don't require the destination tag, but instead provide unique Ripple addresses for each user. When users wish to withdraw funds such as XRP via the Ripple network, some services like GateHub and Poloniex provide the ability to enter the destination tag. This facilitates deposits to services where destination tag is required (like Bitstamp). Transferring XRP fromanother service (Poloniex, Bitstamp, ShapeShift ...) to GateHub When transferring XRP, just enter your Ripple address. Destination tag is not required; leave this field empty. TransferringXRP from GateHub to Poloniex Just enter your Poloniex ripple deposit address. No destination tag required. Transferring XRPfrom GateHub to Bitstamp Enter the Ripple address and destination tag provided by Bitstamp. Continue reading >>

India's New Bitcoin Exchange Btcxindia Is First With Real Time Trading

India's New Bitcoin Exchange Btcxindia Is First With Real Time Trading

India's New Bitcoin Exchange BTCXIndia is First with Real Time Trading India now has a full and compliant bitcoin exchange called BTCXIndia also featuring a live trading platform and wallet servicewhich launched officially on 5th May in the southern city of Hyderabad. It's a significant step for the country's bitcoin economy as its previous exchanges, some of which operated as fixed-price buy-sell platforms, lived with a degree of regulatory uncertainty since a series of government warnings and raids on bitcoin businesses in December and January. BTCXIndia CEO Mupparaju Siva Kameswara Rao is Managing Director of S Capital Solutions Pvt Ltd the company behind the new exchange. The main objective, said Rao, is first to educate Indian customers about digital currencies and then to provide them with a secure, transparent and compliant trading platform. Rao is also happy with the response he's received so far and expects trade to pick up quickly if new sign-ups continue at the current rate, he added. BTCXIndia currently has 10 staffmembers, working in development, customer services and compliance. Investment comes via a UK company that has funded the exchange for at least one year, and is also working as a strategic advisor to the management team. Rao said the management team itself consists of a Tech Lead from India's Institute of Electronics and Telecommunication Engineers, and a Compliance Officer from the financial services industry. BTCXIndia keeps the absolute majority of the coins it holds in cold offline storage, and is also working on a proof-of-reserves implementation and "other interesting features" to reassure customers their funds are always 100% safe. Rao added that the security measures are necessary to counter the "poor track record of the exchange industry Continue reading >>

# Btcxindia Archives | Future Is Cryptocurrency

# Btcxindia Archives | Future Is Cryptocurrency

Indias leading cryptocurrency exchanges to buy bitcoin, ether, ripple, and altcoins Cryptocurrency exchanges are the businesses that allow buy or sell of digital currencies for other assets such as fiat currency. Most popular cryptocurrency exchanges in India deals with bitcoin, ether, ripple, and other cryptocurrencies. Bitcoin exchanges have become most common in India due to increasing bitcoin awareness, favourable government initiatives to regulate virtual currencies and springing bitcoin based businesses over the recent times. Cryptocurrency exchanges enable trading by creating a spread of buy and sell orders, where spread refers to the difference between these two orders. The cryptocurrency exchanges keep the buying price slightly higher than its selling price. The exchanges make profit by compensating in the buy and sell orders. Some of the exchanges also charge extra withdrawal fees which seems small, however profits made are significant due to huge customer base. Bitcoin is the worlds first decentralized peer to peer ledger currency. It is the most widely accepted payment system and a digital asset worldwide. Bitcoin allows a successful transaction between two parties without any intermediary such as bank, credit card company or other financial institution. Bitcoin enables most secure, fast, and cost-effective borderless money transfer. Zebpay is Indias first bitcoin exchange as well as app-enabled bitcoin wallet company founded in 2015 by Mahin Gupta, Saurabh Agrawal, and Sandeep Goenka. This mobile bitcoin wallet provider enable users to buy, sell, store, and spend bitcoins using their mobile number and a 4-digit PIN. Zebpay crossed a turnover of over 100 crores within first 10 months of its inception, which has exceeded 500 crores very recently. The company Continue reading >>

Btcxindia Review - How To Buy Xrp Using Inr In India?

Btcxindia Review - How To Buy Xrp Using Inr In India?

Home Resources BTCXindia Review How to Buy XRP using INR in india? BTCXindia Review How to Buy XRP using INR in india? Ripple is an internet protocol based currency used by a bank to send money over the internet, anywhere in the world. Ripple is developed by ripple labs to connect the world on, one single exchange. XRP help bank to full fills the exchange demand of society. In simple word, we can say that a ripple is world first cryptocurrency used for the universal translator of money. You can exchange money with Bitcoin, Zcash, altcoins and ripple. XRP is a value which used for exchange. Then question arised, how to buy ripple? There are many sites which offer to buy and sell ripple But for this post, we only discuss about BTCXindia. Finally, india launched their first cryptocurrencies exchange site in 5th may, 2014. It is world fourth most funded startup cryptocurrency site in the world. BTCXindiais managed by S Capital Solutions Pvt. Ltd. The main office of btcx is situated in Hyderabad. But due to sudden problem and legality, it was shutdown but again it was started by Kamesh Mupparaju. We stopped trading functions to integrate Ripple technology to trade XRP. We are launching an integrated exchange that will allow users to trade in bitcoin, ethereum and XRP all through one user account, Mupparaju said in a telephone interview. Ripple confirmed the news. We are pleased that customers in India now have a way of accessing XRP. With its listing on btcxchange, the digital asset is now available to this Sell and fast-growing market, said Miguel Vias, Head of XRP Markets. BTCXindia allows Indian citizen to buy & sell bitcoin in INR. At the time of writing this post, the average amount of XRP is 16.5. People with the age of 19 plus can use btcxindia. Pan card is compulsor Continue reading >>

Xrp To Be Added To Indian Wallet And Exchage Platform Zebpay

Xrp To Be Added To Indian Wallet And Exchage Platform Zebpay

XRP to be added to Indian Wallet and Exchage platform Zebpay Moving into India - 2018 gonna be the beginning of the epic rise in cryptos in my opinion. IMHO - India is one of the key markets to the growth of cryptos. Found the article a bit disapointing though. Since it was all BTC. @zenkert IMO anything that expands the market for Bitcoin and exposes that may people to crypto is good for xrp. Adding support for XRP is huge. I think there is tremendous potential in the commercial markets for XRP. "Meanwhile, the Zebpay numbers tell their own story. We are adding 2 lakh users a month, says Goenka. And considering that Zebpay intends to become an exchange for other cryptocurrencies like Ether, Ripple and Litecoin, which will increase their network of users, these numbers are only set to grow." However, this was previously posted and didn't get many views: First Published: Wed, May 24 2017. 01 11 AM IST "New Delhi: Ripple Labs Inc., a Google-backed firm and the worlds fourth most-funded blockchain start-up , has partnered with crypto-currency exchange BTCXIndia to start a buying and selling facility for XRP (ripple), the crypto-token used by Ripple. The platform, with only the XRP trading facility, went live last week offering XRP at Rs24.34 apiece. Ripple confirmed the news. We are pleased that customers in India now have a way of accessing XRP. With its listing on BTCxchange, the digital asset is now available to this very large and fast-growing market, said Miguel Vias, Head of XRP Markets. Right now there only 50-odd ripples (XRP) in India but these are expected to increase with XRP exchange we are launching, BTCXIndias Mupparaju said." Eric123 , Tinyaccount and zenkert reacted to this Continue reading >>

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