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Title: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: thenoblebot on July 27, 2015, 03:59:28 AM As the topic says. Looking into the legal aspect of things. Have things been worked out ? I reckon converting INR to USD and back on a foreign exchange is the root of the issue. If we can do it, which services allow it with a credit card ? (Not asking for unocoin,coinsecure type with KYC taking a while)
Title: Re: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: Rude Boy on July 31, 2015, 03:12:50 AM yes! For that localbitcoins will be the good choice. But be catious while dealing with unknown peoples and do check their profile for +ve rep and long trading history. This might helps you from away from scammers.
~Rude Boy :-* Title: Re: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: RocketSingh on July 31, 2015, 09:39:14 AM As the topic says. Looking into the legal aspect of things. Have things been worked out ? I reckon converting INR to USD and back on a foreign exchange is the root of the issue. If we can do it, which services allow it with a credit card ? (Not asking for unocoin,coinsecure type with KYC taking a while) Converting INR to USD and back on a foreign exchange always exposes u to AML risk. Better approach is to keep the FIAT Tx INR only. You can do it on all direct trading exchanges like LBC or 100bit.co.in without submitting the KYC. Title: Re: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: baristor on August 03, 2015, 02:21:45 PM maybe a silly question but what is KYC ? :p
Title: Re: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: newIndia on August 03, 2015, 03:05:24 PM maybe a silly question but what is KYC ? :p KYC stands for Know Your Customer.https://en.wikipedia.org/wiki/Know_your_customer Title: Re: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: baristor on August 04, 2015, 12:33:39 PM maybe a silly question but what is KYC ? :p KYC stands for Know Your Customer.https://en.wikipedia.org/wiki/Know_your_customer Thanks for d info, Also id like to know this kyc how does it matter in legal issues like will they be sending information of us buying bitcoins to indian govt or wht? I dont pay taxes :P Title: Re: Can you buy BTC with credit card/bank transfer without having any legal issues ? Post by: vennali on August 04, 2015, 01:42:02 PM Is there any indian site that lets you buy bitcoin with your CC ? Don't all of them need you to connect your bank accounts to your exchange account ?
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