Where To Buy Ethereum In India?
Blockchain Council | Blockchain-council.org With the recent surge in prices of both Bitcoin and Ethereum , investors in India are getting more interested in cryptocurrencies. But acquiring and storing cryptocurrencies in India could be a complicated process as cryptocurrencies remain in a legal grey area and its challenging to ensure official resellers. Heres a look at the best places to buy Ethereum in India. Koinex is one of the newer cryptocurrency exchanges in India but is very popular because of its Open Book Exchange , a unique feature among Indian cryptocurrency exchanges which lets users make trading decisions based on market depth. To use Koinex , customers need to get Know Your Customer verification done by submitting scans of their government -issued ID cards to Koinex . In addition to Ethereum , users can buy Bitcoin , Bitcoin Cash, Litecoin and Ripple on Koinex . BitBay is the newest addition to Indian cryptocurrency space which supports several cryptocurrencies, including Bitcoin Ether , Lisk, Litecoin, Monero , Game Credits, and Dash. Polish Bitcoin exchange BitBay has started operations in India, as part of a move geared towards the expansion of its cryptocurrency trading business making it the first international venture to enter the Indian cryptocurrency space. BitBay currently accounts for more than 60% of the cryptocurrency market in central Europe, so it is undoubtedly a major player among the cryptocurrency exchanges. In its home country of Poland, BitBay enables users to pay at stores and restaurants with cryptocurrency. Poland-based customers are also issued individual debit cards that can be used for ATM withdrawals. While it is not clear if BitBay is planning to offer similar services to its Indian users, it still has the potential to become o 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 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 >>
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 >>
25+ Answers - Where Can I Buy Ethereum In India?
Do you offer a product or service related to travel or tourism? Quora Ads can promote your business alongside travel and tourist recommendations. After Bitcoin, Ethereum is one of the most popular and well-known Cryptocurrency. People have started taking interest in Ethereum but most of them are still facing problems to Buy Ethereum in India. Buying Ethereum is as easy as buying other Cryptocurrencies. Currently, while Im writing this post the price of Ethereum is around $335 and it is also expected that price of Ethereum can cross $1000 by 2017. I had recently purchased some Ethereum and I would like to share my experience that how you can also easily Buy Ethereum in India. You can Buy Ethereum in less than just 30 minutes Ill also share some Exclusive Tips & Tricks so make sure to read it till the end Now, if youre a beginner and you dont know anything about Ethereum I would keep it as simple as its a Bitcoin Alternative also known as Altcoin. So, Today in this post Ill share the 3 easiest methods to Buy Ethereum in India. Honestly, this is one of the fastest and my favorite method to Buy Ethereum. Ive been personally using this method from a long time and the experience is just amazing Converting your Bitcoins to Ethereum from Popular Exchanges like Poloniex, Bittrex, Bitfinex, etc. I had bought Ethereum from Poloniex and the transactions were fast enough and just took less than 30 minutes. How to Buy Ethereum from Cryptocurrency Exchange? In this post, Im using Poloniex Cryptocurrency Exchange only for demonstration. 1.) First of all, Sign up on Poloniex and complete the Registration process. I hope you have Bitcoins with you because now were going to transfer those Bitcoins to Poloniex and convert it to Ethereum. 2.) Click on Balances Tab and Click on Deposits & W Continue reading >>
3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide
Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>
Ethereum Exchange Shuts Down Business In India Post Finance Budget 2018.
All trading activity will be halted as of February 28th 2018. An email from ETHxindia to their clients. Its been 4 years since we opened BTCXIndia, and 2 years since we opened ETHEXIndia. We have served 35000+ customers during the years and have witnessed the BTC price go up 50x and the ETH price go up 100x. We have kept your crypto safe, and allowed you to trade against others on equal terms, in a safe environment, while adhering to KYC & AML and other tax compliance requirements. As we heard in the budget speech, the Indian government is discouraging crypto currency trading.This has been clear also by government actions in the last year, and has put our business under a lot of stress and putting us in a position where we dont feel that we can continue our business in a professional manner any longer. Until new rules are in place for tokens on public blockchains, we are halting our trading ( ETH/INR pair) platform and will focus 100% on our consultancy working with permissioned blockchains. All trading activity will be halted as of February 28th 2018. Please withdraw all assets from your account before then. The consultancy business started in April 2017, and have so far developed client registry platforms, automated escrow management and payment solutions for a number of clients in the financial, health and agriculture sectors. We are launching full fledged blockchain labs on March 09, 2018 for Blockchain based application development and consultancy. We hope that this work will help the government seeing the huge benefits that India can derive from blockchain technologies, and eventually promote progressive and clear regulation also for the public blockchain space. It has been our pleasure serving you, and again, please empty your accounts as soon as possible to avo Continue reading >>
Ethexindia - India's First Marketplace For Ethereum Tokens
Thank you! Your submission has been received! Oops! Something went wrong while submitting the form Support (Mon - Sat: 8 AM to 8 PM) 040-64500999 | 040-64503344 | [emailprotected] Home Live Chart Wallet trade transactions sign in Indias first marketplace for Ethereum tokens We offer an ETH / INR order book, which allows you to buy and sell ETH, or Ether, the native token of Ethereum blockchain. Ether allows you to pay for 'gas', the fuel for computing power on the Ethereum network. Ethereum, known as the World Computer, web 3.0, and enabler or Internet of Things, offers a secure way to run smart contracts without downtime, censorship, fraud, or other third party interference. Become part of Web 3.0 with Ethereum by joining ETHEXIndia now! The Ethereum Foundation has proposed a hard fork in response to the recent denial of service (DoS) attacks. The hard fork will occur at block 24,63,000 on or around Tuesday, October 18th. As an ETHEXIndia customer, you do not need to do anything. The migration will occur automatically, and your full balance of Ethereum will be transferred to the new chain. Keep in mind that as we near the fork, we will be temporarily disabling deposits and withdrawals in preparation for the migration process. Trading will continue to operate as normal during this period. Once the network is stable and the migration is complete, we will enable deposits and withdrawals. If for any reason you would like to keep your tokens from the old blockchain, you must remove your ETH from the platform before the fork occurs. Continue reading >>
How To Buy Cryptocurrency Like Ethereum In India With Inr?
How to buy Cryptocurrency like Ethereum in India with INR? As Bitcoin had got very popular in India and several options for Indians to buy Bitcoin. While we see a surge in the demand of other cryptocurrencies like Ethereum in India, lots of people have started searching ways to buy the next most popular cryptocurrency in India. But after lots of research, they couldnt find a good way to buy Ethereum(ETH) with INR in India and hence they end up buying it from the foreign exchange at a high cost. But today I am going tell you how to buy Ethereum with Indian rupees here in India. Step 1- Visit BuyUcoin Indias First Cryptocurrency Wallet and ExchangePlatform Step 2- Go to Signup page and fill the form and verify your EmailID. Step 3- Then Login to your Account and confirm your mobile number for extra security. Step 4- Upload your KYC documents and Bankdetails Once you get a confirmation email for your verified documents then you can start trading Ethereum as well as Bitcoin on BuyUcoin with INR easily and securely. While several small websites are selling ethereum but we cant trust any unauthorized source for buying cryptocurrency. Since BuyUcoin was listed on NDTVs Top Five Bitcoin Exchange in India which makes it authentic than any other unauthorized source. Currently, they are providing free 110 rupees worth of Ethereum and Bitcoin on your first trade on the website with this link . Continue reading >>
Indian Exchange Zebpay Adds Ethereum To Its Trading Platform Sees A 19% Jump
Ethereum [ETH], which is ranked at number 2 spot in the rankings is gearing up to charge rent fees for the people who use their network to store data. This decision was taken by the creator of Ethereum, Vitalik Buterin who gave a detailed description of the ways and principles of computing such rent fees. Ethereum has dropped from an intraday high of $494.61 almost crossing the $500 mark to $455 swing low. This trend seemed to have set in about 12 hours ago when it started declining. As per Buterins plans, he looks forward to coming up with an estimate of the annual rewards given out by the Casper and Sharding mechanisms. Casper serves as an alternative to Satoshi Nakamotos consensus based on proof-of-work and is based on a security deposit. Sharded blockchain architectures seek to measure the capacity of the platform. This estimate amounts up to 10 million ETH staking at 5% interest, which is 500,000 ETH per year and approximately 0.22 ETH per block. His next step is to come up with a 500 GB state size to be stored in a node of computers RAM which he says will be 1-2 orders of magnitude higher than the actual state size. This is the maximum acceptable state size allotted by him. Storing 500 GB would cost around 500,000 ETH per year, hence he will charge a fee of 0.000001 ETH per year to store 1 byte of data on the network. A 24000-byte contract would cost 0.024 ETH which amounts to approximately $15 per year and a 250-byte account would cost 0.00025 ETH which is $0.15 per year. He also stated that the maximum acceptable state size would be per-shard and would decrease the above-mentioned fees by a factor of 100. This decision is to avoid the network from taking costs for storage by itself if too many people use the resource for free. However, Ethereum Project research Continue reading >>
Indian Exchange Unocoin Adds Ethereum, Xrp, Litecoin And More To Its Trading Platform
Indian exchange Unocoin adds Ethereum, XRP, Litecoin and more to its trading platform Indian trading platform Unocoin recently evolved to an exchange platform like its other Indian counterpart Zebpay. Unocoin had already opened the exchange format for certain customers a week ago. They added Ethereum, XRP Ripple, Bitcoin Cash, Litecoin and Bitcoin Gold totheir trading platform. Although certain traders had access to it before, Unocoin rolled it out to most its customers just 48 hours ago. Unocoin in its recent emailer to all its customers stated that there would be a 0% fee until Feb 28th to trade any coin. Raghav Menon, an Ethereum investor from Mumbai says, This goes against what the media has been stating about the country banning cryptocurrencies. Unocoin and Zebpay both have varied tokens that you could currently trade. It opens up the crypto market to the country now I just hope the Indian government does not break something negative in March Post Arun Jaitleys statements on the budget day, multiple media outlets went out and proclaimed the Indian government banned Bitcoin when the real story was about the government actually wanting to stop illicit and illegal trading practices using cryptocurrencies. Money laundering and investor protection being the major concern, the government had clarified that there would be no ban on cryptocurrency trading but only more stringent regulatory checks. Gaurav Mishra, a Restaurateur and a Bitcoin investor from Bengaluru says, These are signs of the Indian market opening up and accepting cryptocurrencies, where there is demand there is supply AMBCrypto reached out to Unocoin but they were unavailable for a comment. Follow us on Telegram | Twitter | Facebook Himanshu Kumar is part of the Editorial Team at AMBCrypto. He dropped h Continue reading >>
Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities
Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities Jan 5, 2018 at 12:51 UTC|UpdatedJan 5, 2018 at 12:55 UTC Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations. Seven bitcoin exchanges in the nation including Unocoin, Zebpay and CoinSecure are seeking clarity over how their businesses might be classified under GST rules, and are planning to approach the Authority for Advance Rulings (AAR) - the government body that decides on the applicability of tax rates - over the matter, the Economic Times (ET) states. An official familiar with the matter told the news source that at least one bitcoin exchange has already filed an application with theMaharashtra state AAR to clarify ambiguities over its tax liability. "The tax department is currently researching the concept as bitcoins are a very complex subject." Under the GST rules, if bitcoinis considered to be a currency, there would not be any taxes applicable, ET states. However, if it is recognized instead as a good, GST at 18 percent could be applicable, or, in the case of it being deemed a service, 12 percent. Abhishek A Rastogi, a partner at law firm Khaitan & Co, told ET that there is ambiguity for bitcoin exchanges over whether GST is applicable on total revenue or merely on margins earned. He continued to say, "the tax authority must give clarity on whether bitcoin exchanges are selling goods and services, or are mere trading platforms that earn margins." The move comes a month after the Indian tax department visited bitcoin exchanges across the country seeking to identify users. The operation wascarried out over suspicions of tax evasion by some exchange customers. The leader in blockchain news, CoinDesk is a media outlet that strives f Continue reading >>
Best Exchange To Buy Ethereum (eth) In India
Best Exchange to Buy Ethereum (ETH) In India Before Ethereum, blockchain apps were designed for a very limited set of operations. Bitcoin and Alts, for example, were developed to operate as peer-to-peer digital money. Ethereum allows developers to make and deploy decentralized applications called Dapp. ADapp serve some specific purpose to its users. For example, Bitcoin is also a Dapp that enable users with a peer to peer electronic cash system for payments. though the value of ETH has been increased greatly in 2017 still it is one of the undervalued crypto assets. Recommended article: Best Crypto Currency Exchanges In India [Complete List] Ethereum wallet:A wallet is necessary for an Ethereum user to hold Ethereum in a safe and secure manner. Ethereum wallets also facilitate Ethereum transfer (send or receive Ethereum) and are also helpful for Ethereum storage and access. Did you hear about Raiden Network? It is a project in development which can also make ETH fly. In view of some experts, Ethereum is expected to beat Bitcoin in the following years since a lot of attention is being gained on Ethereum projects in India. Lets discuss the best exchange to buy Ethereum in India: Best Exchange to Buy Ethereum (ETH) In India Ethx.in is an online platform that allows Ethereum trading or Ethereum exchange. It was the first marketplace launched in India for the purpose of buying or selling Ethereum tokens such as Ether or ETH. It offers a real-time trading experience with the usage of an effective wallet system based on ETH. Ethx.in is currently invite only. The users can use the services provided by this exclusive platform by registering at our invite link: Get Rs 200 Free ETH Signup Ethx.in Once a user gets access by creating an account in Ethexindia, he can freely make use Continue reading >>
Koinex Review: India Crypto Exchange With Multiple Cryptocurrencies
Koinex Review: India Crypto Exchange with Multiple Cryptocurrencies By: Harsh Agrawal In: Exchanges Last Updated: With the rising demands of cryptocurrencies, the number of exchanges to assist the buying and selling is also on the rise. In the past few months, many new exchanges have hit the market and Koinex is one of them. Despite being a new exchange, Koinex is becoming popular for bringing the instant deposit and withdrawal to Indian cryptocurrency enthusiasts. Before we get into a lot of details, lets talk about the volume. Update: Even though the Koinex platform is easy to use and function as described, they lack on the most important thing and that is customer service. Before signing up, do read the comments from all the members below. <br /> Can't load widget<br /> With the increasing awareness of Bitcoin and other cryptocurrencies among tech-savvy Indians, the volume soaring high. This could be evident from the chart below which clearly shows how Indians have started taking to Bitcoins ever since demonetization was brought into effect. This chart depicts the volume growth on LocalBitcoins platform. I had earlier talked about the Localbitcoins experience here . Before Koinex some of the popular exchanges in India are: I have been a big fan of CoinSecure as it is a Bitcoin trading platform that offers the mobile app as well. However, a big complaint with CoinSecure is the time it takes for the money deposit. This delay is one reason that loyal users like me are turning to new exchanges that offer instant deposit service using RazorPay smart collect . The purpose of this review post of Koinex is to share my experience and learning from using the Koinex platform to trade cryptocurrencies. Koinex Exchange: Buy/Sell Bitcoin, Ethereum, Rip Continue reading >>
India Warns On Bitcoin As Investors Rush In
India warns on Bitcoin as investors rush in These are external links and will open in a new window The digital currency Bitcoin is rallying at phenomenal speed, leaving many high and others dry in markets around the world. But why are prices higher in India than elsewhere? The BBC's Devina Gupta explains. While the Bitcoin bull run has been welcomed by many, financial regulators in emerging economies are still trying to find a way to understand it. The central bank of China has shut down Bitcoin exchanges in the country. Indonesia and Bangladesh have banned its use as a payment tool. In India the government has made it clear that, while it doesn't recognise Bitcoin as "legal tender" like paper money, there are no guidelines on Bitcoin trading. In the absence of any specific legal framework, online Bitcoin trading platforms are operating freely, even as the Indian central bank is getting jittery. It has issued its third warning this week, cautioning "users, holders and traders of virtual currencies including Bitcoin" of "economic, financial, operational, legal, consumer protection and security-related risks". Experts claim that demand outweighs supply in India, pushing the Bitcoin price in the country up to 20% higher than international prices. There are at least 11 Indian Bitcoin trading platforms online which claim that about 30,000 customers are actively trading at any given point of time. With a simple click, an investor can open an account and choose whether to purchase an entire Bitcoin or a fraction to trade with. There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency. Unlike the notes or coins in your pocket, it largely exists online. Secondly, Bitcoin is not printed by governments or traditional banks. A small but growing n Continue reading >>
Indian 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 has a user base of over 700,000 and continues to grow, adding over 100,000 customer Continue reading >>