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Best Websites To Sell Bitcoin In India [exclusive List]

Best Websites To Sell Bitcoin In India [exclusive List]

Best Websites To Sell Bitcoin In India [Exclusive List] By: Harsh Agrawal In: Bitcoin Last Updated: India is one of the biggest Bitcoin arbitrage opportunities for Bitcoiners around the world. With a price difference of more than $100, one can easily earn a fortune if they play their cards right. I have been doing this for the last two months & have sold Bitcoins with a total worth of $20k, netting aorund $3,000 $4,000 in profit. I will talk more about Bitcoin arbitrage for Indians later, but today I have an exclusive post for you. Today, you will learn about some of the best sites in India where you can sell Bitcoin and earn money. So without further delay, lets jump into this exclusive list of websites in India that let us sell Bitcoin. Coinsecure is one of the finest Bitcoin exchanges in India. Here you can sell bitcoins at the current market price, or you can sell based on another desired price. If you are just getting into Bitcoin trading, Coinsecure is a great site to get started with. For a complete newbie, the interface might look a little complicated, but within a few minutes, it becomes pretty easy to work with. If you have an Android, you should use the Coinsecure Android app for buying & selling Bitcoin; I find it way better than their web interface. When you sign up for Coinsecure, you get a Bitcoin wallet address & you cangenerate a new Bitcoin address for any transaction. For trading, you need to send your existing bitcoins from the Coinsecure wallet to the Coinsecure Trade Engine. This process is free & depending on your requirements, you can either directly deposit bitcoins from other platforms to the Trade Engine wallet, or to the Coinsecure wallet. If your purpose is arbitrage, you should deposit BTC to the Trade Engine wallet. If you havent used Coi Continue reading >>

Cryptocurrency Future In India 2018 - Cryptocurrency Regulation Europe, Local Bitcoin Map, Ethereum Node Vs Wallet

Cryptocurrency Future In India 2018 - Cryptocurrency Regulation Europe, Local Bitcoin Map, Ethereum Node Vs Wallet

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How To Buy Bitcoin - Coinbase

How To Buy Bitcoin - Coinbase

Coinbase makes it easy to convert your local currency into and out of bitcoin. On this page, you'll learn how to buy bitcoin and store it securely in a wallet. This first step is to sign up for a Coinbase account. This will give you a secure place to store your bitcoin, and easy payment methods to convert your local currency into or out of bitcoin. After you sign up, connect your bank account. You'll need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase. After starting your first purchase, we'll complete your buy and deliver your bitcoin. (Sells work the same way but in reverse). The price of bitcoin changes over time, so we'll show you the current exchange rate before you buy. Continue reading >>

How And Where I Can Buy Cheap Rate Bitcoin In India?

How And Where I Can Buy Cheap Rate Bitcoin In India?

How and where I can buy cheap rate Bitcoin in India? Original Question: How and where I can buy cheap rate Bitcoin in India? Bitcoin price is dependant on multiple factors that govern the demand to a limited supply commodity, bitcoin. Heres an article that does explain in great detail what and how bitcoin prices are governed: Unocoin offers 200 for free when you sign up as an incentive for acquiring customer to their clientbase. Notice how Unocoin has different buying and selling price in India. They buy at a lower price and sell at a higher price. In the article, notice how they talk about different pricing due to induced geographic demand. Buying Bitcoin from a country that isnt inclined to buying Bitcoin as much as selling would be a worthwhile trading option. Coinsecure does have lower margins when it comes to the difference between buying and selling price compared to unocoin. Buy and sell bitcoins in India, with cash and online Local Bitcoins in India is another alternative to buy Bitcoin at a cheaper price. Local bitcoins involve individual people bidding and selling Bitcoin interpersonally for cash, commodities or anything else. I suggest you wait for at least 15 confirmations prior to trading just to make sure that the transaction goes through and you dont get scammed. These are three main and legal ways through which Bitcoin can be bought for cheap in India. Normally you will get Bitcoins price higher than international price , For ex: 1 BTC price is 11,300 USD , Its BUY Price in India will be around Rs8,45,000 (74*11,300) where as dollar rat is 65 $. So you have to buy at such rates only in India ,there is no other cheap source. Currently hte cheapest(! to 3 accending order) providers of Bitcoins in India are : You can buy Ethereum, Litecoin, Ripples, Bitcoi Continue reading >>

Localbitcoins.com - 55 Reviews - Bitcoin Exchange - Bittrust.org

Localbitcoins.com - 55 Reviews - Bitcoin Exchange - Bittrust.org

USELESS SUPPORT DONT READ MESSAGES After using you for over half a decade , and then giving an account I used to be allowed to use works bitcoins , I had google authenticator and 2fa was tied to work access only . Did a trade , contract was cancelled , buyer told his bank not to pay out , next day bank paid , my boss wasnt happy , sent the funds back in two amounts via btc . Even though it was banks mistake they frozen another account I made upFor personal use same name 2 after it . I no longer work there and cannot log on to that account , I told themThis loads plus no active contract between us , it was cancelled , as they can see , was banks fault , however we sent them the btc in two amounts to bitcoin address buyer gave , I left working for them , and carried on using my other account , I have perfect feedback on both accounts , but that counts for shit , what they do is illegalIt does not belong to them and support is useless do not even read the messages sent .so transferred coins from my startup business they accepted the transfer then just froze account not allowing me to access or take it out , why ON EARTH DO WE HAVE FEEDBACK IF IT MEANS JACK ALL , perfect feedback all the time . NO ONE TO COMPLAIN TO , they basically do whatever they want with your coins no matter how great feedback you have , SUPPORT ? They do not even read the message . Fuming so mad , after all these years , no contract was active it was cancelled , it was banks fault and buyer told bank not to pay , but we have coins back , to wallet address they sent out good karma , now to freeze a complete separate account I use for different business is ILLEGAL Now my start up tech company grinder to a halt , the electric and gas gonna be turned off at 1000 tomorrow all as a consequence of them doin Continue reading >>

I Bought Bitcoin In Person And Heres What Happened

I Bought Bitcoin In Person And Heres What Happened

In the world of Bitcoin, the fastest way to get the electronic currency is still face to face. But such meetings can bring serious risks of their own. My own experience went very well, and I was able to learn about some potential red flags when doing in-person Bitcoin transactions. When I went out to buy Bitcoin in person, I asked my husband to come along for safety. A savvy source urged me to bring pepper spray, too. Others encouraged me not to go at all. But sitting face to face with Richard Weston, I felt silly about all my precautions. A middle-aged man with a good haircut, a wedding band and a nice watch, his picture could have been next to trustworthy in the dictionary. We met outside a trendy restaurant in downtown DC like we were preparing to transact the worlds most yuppie drug deal. There are several other ways to obtain Bitcoin, such trading for it over the Internet through an exchange. But right now, face-to-face Bitcoin transactions are the fastest way to obtain the currency. Theres no two-week waiting period for your bank account to connect and verify, as there are with Bitcoin exchanges like Coinbase or Mt. Gox . I found Weston on LocalBitcoins , a Finnish company that connects Bitcoin buyers and sellers around the globe. With buyers in 190 countries and 3,317 cities, its the widest reaching peer-to-peer Bitcoin exchange. There are 100+ active sellers in Washington, DC alone. Richard had a reputation score of a perfect 100, which certainly endeared me to him. Since it was happy hour at the crowded bar and I wanted to do an interview,Westonsuggested we move to the nearby hospitals quiet cafeteria. (The exchange itself, which takes minutes, could have been done anywhere we could get a smartphone signal.) Theres plenty of security inside the hospital, and t Continue reading >>

Indian Exchange Zebpay: Bitcoin Is Legal; Refues Local Ponzi Reports

Indian Exchange Zebpay: Bitcoin Is Legal; Refues Local Ponzi Reports

Indian Exchange Zebpay: Bitcoin is Legal; Refues Local Ponzi Reports Join our community of 10 000 traders on Hacked.com for just $39 per month. Indian bitcoin exchange Zebpay has refuted recent media reports in the country that have supposedly claimed bitcoin has been declared illegal by the Indian government. On Friday , Indian politician Kirit Somaiya, a politician belonging to Indias ruling party, the BJP, labelled bitcoin a hypothetical currency and more pointedly, questioned if it was a pyramid ponzi scheme. The politician, who is also a member of the Indian parliament, raised his concerns to Indias financial regulators including the countrys central bank, the RBI (Reserve Bank of India). The story has since made the rounds in Indian news media, with some reports claiming that the cryptocurrency had been declared illegal by the government. Tackling these media reports, Zebpay, among the largest bitcoin exchanges in the country, dismissed such claims. In a blog today, Zebpay wrote: No, that is not true. Nothing has changed regarding bitcoins legal status in India this week. In our opinion, bitcoin is not illegal. Bitcoin is legal under all existing laws. Its business as usual at all Indian bitcoin exchanges including Zebpay. The bitcoin exchange then addressed the politicians ponzi concerns directly, with bitcoins growing interest and adoption in a country of over a billion residents. Just like the [Indian fiat] Rupee is not a ponzi, neither is bitcoin, wrote Zebpay, pointing to the abuse of the cryptocurrency by certain ponzi schemes. The well-meaning MP [Member of Parliament] wants to do his job of protecting the people from becoming victims of such ponzi schemes. Its a misunderstanding of the technology that made him remark that bitcoin is ponzi. Zebpay has rece Continue reading >>

11 Exchanges To Buy Bitcoin In India (2017)

11 Exchanges To Buy Bitcoin In India (2017)

Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees. This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal . The easiest and basically only way to purchase bitcoins with PayPal or Skrill Comes with a price: it will cost around 10% in fees to buy with PayPal Continue reading >>

How To Buy Bitcoin Anonymously & Without Id

How To Buy Bitcoin Anonymously & Without Id

How to Buy Bitcoin Anonymously & without ID Last updated on October 12th, 2017 at 11:35 pm Many people would like to stay anonymous when buying stuff around the web for different reasons. The problem with Bitcoin is that its not completely anonymous . Once a Bitcoin exchange requests identifiable information such as an email address, government id or a utility bills they can know and track every movement of your Bitcoins. Thats why today Im going to go over some simple methods of buying Bitcoins anonymously. For the more advanced users I will supply some additional reading materialnear the end of the article: Easiest way to stay anonymous Buy Bitcoins with Cash If youre looking to buy Bitcoins anonymously then the easiest way would be to buy Bitcoins in cash and in person. Use Local Bitcoinsto find someone who is willing to sell Bitcoins forcash next to your physical location. You can use an alias email address to sign up to Local Bitcoins and the verification id process they have is optional.When you use cash its easy to remain untraceable as there is no documentation for the transaction. Keep in mind that most sellers on Local Bitcoins dont like to do business with anonymous buyers, however since youre paying in cash it should be less of an issue. Another way to buy Bitcoins anonymously with cash is to go to your nearest Bitcoin ATM and buy Bitcoins from the ATM using cash. Buying Bitcoins via an ATM is probably the best way to go about buying Bitcoins anonymously however not everyone has an ATM next to them. When asked to enter your Bitcoin address at the ATM just specify that you dont have one in most cases thiswill just generate a new paper address for you and youre good to go. Later on you can import the private key from that paper wallet and send those Bitcoins Continue reading >>

As China Cracks Down On Bitcoin, Indian Cryptocurrency Exchanges Wait And Watch

As China Cracks Down On Bitcoin, Indian Cryptocurrency Exchanges Wait And Watch

The Indian government does not like bitcoin, but unlike its Chinese counterpart, it is in no hurry to clamp down heavily on virtual currencies. Once home to the worlds largest community of bitcoin traders, China is now reportedly considering blocking access to local and offshore platforms that provide centralised trading in virtual currencies. Earlier, it had banned initial coin offerings and had also asked local exchanges to stop trading. While theres no blanket ban on cryptocurrencies, Chinas been exploring ways to curtail their trade as it believes they pose a financial risk . India, too, is uncomfortable with these digital assets and has repeatedly raised red flags. The finance ministry recently even called them a ponzi scheme , sparking fears of a ban, like those imposed by Bangladesh and Indonesia . A few exchanges had even faced trouble from banks . The Indian bitcoin community, meanwhile, is desperate for some clarity. Virtual exchanges believe if the government had to ban them, it would have already. I dont think there will be a knee-jerk reaction from what is happening in other Asian countries. However, at this point we are all just hazarding a guess, said Sathvik Vishwanath, co-founder and CEO of Unocoin, a cryptocurrency exchange. A few think authorities may emulate those in other developed nations, instead of China. It (the government) can look at other areas like the United Kingdom, which havent cracked down on these exchanges, Shubam Yadav, co-founder of Coindelta, another exchange, told Quartz. On its part, Indias central bank has set up a panel to figure out the legal implications of digital coins and how they can be regulated . Right now the government is taking informal steps to ensure it does not become too big to fail, limiting the regulatory choic Continue reading >>

Localbitcoins - Wikipedia

Localbitcoins - Wikipedia

LocalBitcoins is a bitcoin startup company based in Helsinki , Finland . Its service facilitates over-the-counter trading of local currency for bitcoins. [5] Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling bitcoins. Other users reply to these advertisements and agree to meet the person to buy bitcoins with cash [6] or pay with online banking. LocalBitcoins has a reputation and feedback mechanism for users and an escrow and conflict-resolution service. As of December 2013, LocalBitcoins has around 110,000 active traders with a trade volume of 1,4003,000 bitcoins per day. [7] LocalBitcoins was founded in June 2012 by Jeremias Kangas. He implemented an escrow system for the marketplace by the end of 2012. The website started generating revenue by early 2013. [4] In April 2014, the company announced that it would begin mass-producing low-cost bitcoin ATMs . [8] In the same month, LocalBitcoins suffered from a security breach, when 30 bitcoins (then worth US$15k) were stolen from its users. [9] In December 2014, the Federal Financial Supervisory Authority of Germany contacted LocalBitcoins about licensing issues, and LocalBitcoins ceased to operate in Germany. [10] LocalBitcoins said that it had about 8000 people actively using the service from Germany at the time. [10] In February 2014, two men from Florida were charged with violating state money laundering laws for using LocalBitcoins. [11] In April 2016, another two men from Louisiana , United States , a former chiropractor and his son, pleaded guilty to funneling money through an unlawful Bitcoin financial scheme. The men were using LocalBitcoins to advertise their services. [12] In August 2015, LocalBitcoins ceased to operate in New York state because Continue reading >>

How To Buy Bitcoin In India

How To Buy Bitcoin In India

Koinex has a reputation for availability of coins Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we've gone from blank stares when talking about cryptocurrencies to interest and demand that's hard to keep up with. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. So if you're in India and are looking to buy Bitcoin, you may want to use a local exchange. Buying Bitcoin isn't for the faint of heart though. Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment. There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traders , covering Bitcoin, Litecoin, Ethereum, Ripple, and more .  There's also the fact that the Indian government has said that Bitcoin can't be used as a part of the payments system. Speaking to the nation, Finance Minister Arun Jaitley reiterated that cryptocurrencies are not legal tenders, saying that their use "as part of the payment system" will be eliminated. However, the minister didn't explicitly mention anything about trading in cryptocurrencies like Bitcoin. Still, if you've done your research and want buy Bitcoins, there are a number of options in India. We started looking at such exchanges one year ago, and many of the exchanges we found at the time to be good options still remain active and have good reports from users. However, we have seen customer feedback on some of them turn sour, and there have been a few new entrants as well, which have received a posit Continue reading >>

Bitcoin In India Selling At A Premium As Local Exchanges Operate At Full Capacity

Bitcoin In India Selling At A Premium As Local Exchanges Operate At Full Capacity

Bitcoin in India Selling at a Premium as Local Exchanges Operate at Full Capacity Local Bitcoin exchanges in India are experiencing significantly high volumes of trading and new sign-ups as the cryptocurrency gains media attention and trades at premium prices. If you thought Bitcoin was expensive at $10,000, youd be surprised to know there are people in India willing to pay up to $1,500 higher than market prices to get their hands on some BTC. Speaking to EconomicTimes , the AVP Technology at Coinsecure, one of the Bitcoin exchanges in India, shared that they are experiencing a massive inflow of new traders and buyers: We are flooded with requests. In the past week alone, we have seen double the number of registrations. Signups are happening at full capacity. Bitcoin has managed to garner much media attention and fanfare with its meteoric rise this year. In January, it was priced at $1,000, and has grown tenfold since then, trading at around $10,000 right now after having reached a high of over $11,000 yesterday. Even though there has been a lot of criticism around Bitcoins rise, especially calls of a bubble ready to burst, it seems that investor confidence has been on an all-time-high, perhaps due to the expecting influx of institutional investment starting December. Not only are people expecting CME futures to be launched next month, but we have also had reports of Nasdaq launching BTC futures and several other brokers also considering derivatives based on the leading cryptocurrency. Commenting on the continually increasing Bitcoin trading volume, the co-founder of Zebpay, another Bitcoin exchange in India, said Every three months our (bitcoin trading) volumes have been doubling and that trend is continuing. The price movements have helped in the volume increase. Whi Continue reading >>

India: Police Officers Beat, Exhorted 200 Btc From Businessman, Local Sources Say

India: Police Officers Beat, Exhorted 200 Btc From Businessman, Local Sources Say

India: Police Officers Beat, Exhorted 200 BTC From Businessman, Local Sources Say The police in the Indian state of Gujarat are investigating the alleged kidnapping and extortion of around $2 mln in BTC from a businessman The Criminal Investigation Department (CID) in Gujarat, India is investigating the alleged kidnapping and extortion of 200 Bitcoins (BTC) from a businessman by police, local news outlet India Today reported Monday, April 9. The CID has filed an FIR (police document that predates the beginning of a police investigation) against 10 police officers, including a superintendent of police (SP) and an inspector, for the alleged crime. Indian businessman and builder Sailesh Bhatt has alleged that on Feb. 9 Central Bureau of Investigation (CBI) officer Sunil Nair first had him beaten, with the help of other cops, in a room at the CBI until he paid a ransom of around $770,000, not specifying in what kind of currency. Bhatt describes in the complaint how after he was released he was later kidnapped and taken to a farm where he was forced to send 200 BTC (worth around $2 mln at the time) to former business partner Kirit Paladiya: They beat me up inside a room and threatened to kill me in a fake encounter if I did not hand over my Bitcoins [...] Amreli [city in Gunjarat] SP Jagdish Patel and Amreli inspector Anant Patel were involved. I was forced to transfer Rs 13 crore [around $2 mln] in Bitcoins to Paladiya's account. Local news outlet News18 s coverage of the story writes that the BTC was sent from Paladiyas wallet, a statement backed up by a quotation from Director General of Police (DGP) CID Ashish Bhatia that there is no evidence yet of [B]itcoins worth Rs 12 crore [around $2 mln] being transferred from Shailesh Bhatts wallet or from the wallet of his busin Continue reading >>

Indian Police Officers Extort 200 Bitcoin From Local Realtor

Indian Police Officers Extort 200 Bitcoin From Local Realtor

Indian Police Officers Extort 200 Bitcoin From Local Realtor In February, news surfaced that a group of Indian police extorted 200 bitcoin from Surat-based realtor Shailesh Bhatt. Now, the Central Investigation Department (CID) has apprehended nine of the responsible officers, including an inspector of the Crime Branch, for abducting and obtaining the realtors digital assets by force. Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: In a press conference, state police chief Ashish Bhatia stated : The CID has registered an offense against nine police officials of Amreli Crime Branch, including its inspector Anant Patel [] Two Amreli CB police constables, Babubhai Der and Vijay Vadher, and one Ketal Patel have also been rounded up. On February 9th, 2018, Bhatt, the real estate developer, was allegedly abducted by the police officers from near a hotel in the capital of the Gujarat state, Gandhinagar. Bhatt claimed to be taken to a farmhouse where Anant Patel assaulted him until he agreed to transfer the 200 bitcoin in his possession. Bhatt stated that the law officers also demanded an additional $5 million USD to release the realtor. According to the victim, his partner Kirti Paladiya was the one who informed the nefarious law officers as to Bhatts bitcoin holdings. The Gujarat state government ordered the CID to investigate the matter accordingly. Meanwhile, the victim Bhatt wrote a letter to the Prime Minister Office (PMO) for a fair investigation. In response, the PMO directed the Chief Secretary of Gujarat Government to ensure unfair practices are not employed. News also surfaced that as the CID investigation progressed, the alleged police officers tried to settle a backdoor deal with Bhatt. The police offered the Continue reading >>

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