Bitcoin Forum

Hi guys,
I m pretty new to Bitcoins.
Began researching about 3 months ago, joined in about few weeks ago and yes I was lucky enough to buy some coins during the crash.
As of late I have got many offers to buy and sell coins and was mostly offered by my countrymates, which leads me to the conclusion that they have faced similar problems in buying coins as i have.

My biggest problem is that the Bank account I operate has no Swift or IBAN number a BIG issue.

So I've been thinking about this little forum exchange that I can operate through here - on Bitcointalk.org
Basically I will charge a little fee initially to support my buying capability and as time passes on I will reduce the fee.

ABOUT THE EXCHANGE AND HOW IT WILL WORK

You must send me your request/quotation here ( NO private messages )

So lets say you want to buy Bitcoins worth Rs 5000 (~ $100)

If you want to BUY coins from me through Bank Wire / NEFT I will charge Rs250 (Fixed)  as bank Charge and + 5% of Current Mt Gox Rate.

If you want to SELL me your coins through Bank Wire / NEFT I will charge Rs 300 (Fixed) and - 6% of Current Mt Gox Rate.


For International guys - I will also accept paypal but you will have to wait for 5 ~ 6 Days before I can send you any coins, in that case I will charge +5% for Buy & -6% of that day's MtGox rate and + $ 2.5 (Fixed)



*Moderators and senior traders let me know what else I need to offer to get this going.

Everything else is fine, but do not accept Paypal, IT WILL fail no matter how much precaution you will take.
Best of wishes..

Cheers

Would be nice to see some successful sales.

But as Soon as I get a paypal amount I am going to transfer it to my bank.
No way they can reverse any money from the bank can they ?

No, but they can block your PayPal account if they know that you are doing trx in BTC.

All it takes is for 1 silly sender to type Bitcoin in the comments and your account is blocked.

Not worth it for me.

Wow didnt know that O_O
But I will be the one sending the invoice and we'll see how things go from there.
In anycase that is a special case.

Volume of business?

Around 0.5 btc , a small transaction but a successful one :)

If I do a bank transfer via my HDFC account, what amount will you charge (relative to the current Mt. Gox price)?

Consider me MIA but i will be back running into some troubles off lately.

Consider me MIA but i will be back running into some troubles off lately.

Any new updates ?

Now Accepting Airtel Money upto Rs10000

Hi,

Id like to buy 1 btc.Can i make payment by bank deposit?.
How much INR must i transfer?

cheers

WTB - 1.4BTC

Neft, how much do you charge??

http://btcticker.appspot.com/mtgox/1btc2usd.png

Different tickers can be found here: http://btcticker.appspot.com/

This could be useful for people who want to use the Mt Gox ticker on their forum sales.

Can always add the margin to the ticker and announce in the same thread.

Thanks Benu da, but as you know my last quote is having a surcharge of 16% plus figure rounding. So my quote is still : $125.5

and I actually dont understand the ticker code, can you explain ?

http://btcticker.appspot.com/mtgox/1btc2usd.png

Add that or any other currency ticker as an image in the thread

what is your minimum exchange amount for paypal to btc? :)

Sent paypal invoice for btc waiting for payment... will up date.

Sent paypal invoice for btc waiting for payment... will up date.

Update partial payment received..

I want to buy 0.5 Bitcoins PM me with details.

I am also looking to buy $50 usd worth using paypal.  Ive bought once from sublime if that helps at all.

Can I buy .5 BTC for 50$ USD? Paypal?
Feel free to PM me

need to buy around 1.50 BTC , got an escrow ? how we gonna do this? ...

either a visa card with $160 USD credit on it, or i could use the card myself and pay through paypal or another similar service if they allow.
your trust rating isn't perfect, and the idea of sitting on the deal for a few days till you decide to finalize worries me a little, il try and contact johnk as an escrow,

its up to you how u want to accept payment, but the simpler the better, your %16 rate plus the "escrow's cut" is already emptying me out and paypals rates on top of all that is putting me way behind what i thought i would get (beggers cant be choosers though right)

if you are interested in the card, that could be a very simple way too ... as i said up to you ultimately

your trust rating isn't perfect,

yeah i can understand that happening, fair enough

im alright with using any 3 of those services, which one is the easiest? (i'd also rather remain annonymous too) e.g. wouldnt want to sign up with any and then find out that just to transfer money i have to send in scans of my I.D. and get verified etc . . .

Wanted to update and let you know that I still havent got that skrill payment I have sent two messages to them with no response. I am really regretting taking it. It is no fault of your of course, but his is why I didnt want to take it.

Resuming Forum Activities.

Up for Immediate auction is 1.2 BTC starting bid at $144 per coin.

1.2 BTC for $150

Great to see you back mate :)

How many btc do you have for sale currently?
Thanks

BTC

Buy $931.561
Sell $771.945


LTC

Buy $25.61
Sell $16.42

I have sent you the PM .. Please check. awaiting reply.

Can you please convert the amount in INR, so we can pay through bank?

WTB 5 LTC. Best rates please, would prefer Neteller/Skrill

BTC

Buy $1010.049 = INR 63117.96201
Sell $$879.84 = INR 54981.2016

LTC

Buy $45.614 = INR 2848.04424
Sell $40.012 = INR 2499.789012

Sent you a PM!

Thanks.

Posting for $100 BTC for PP.

Hi,

I want to buy BTC with Skrill/Neteller. I'm verified on each for more than 3 years. Please send your current rates by PM.

Regards
Chris

Just curious to understand this, if 28.25% to be applied on the btc-e rates, then why should one purchase from BTC-E since it would be expensive then Indian sites selling it.

Correct me if the opinion differs.

    20 Apr 2013
    Hindustan Times (Kolkata)
    Gagandeep Singh Sapra letters@hindustantimes.com

Ready to trade in Bitcoins?
CRYPTO CASH New digital currency mixes elements of hawala trade and old-world barter

NEW DELHI: Something manufactured out of thin air suddenly becoming as ubiquitous as the US dollar? It might seem strange, but the idea of a digital currency is, well, gathering currency.

The Wall Street Journal reported on Friday that Western Union and MoneyGram, two of the world's largest movers of remittances, are studying ways their customers could use their services to transfer money denominated in Bitcoin — though there are no immediate plans.

Two years ago, no one seemed to have heard of that, but the toddler is now hot after a speculative rush. The site Coinbase.com describes the Bitcoin as “a decentralised, digital currency that is changing the world of payments.”

Let's get the first thing straight. No government is yet backing Bitcoin, which for Indians may sound as familiar and strange as hawala. Though hawala refers to an illegal transfer of money used to deal in obscure funds, Bitcoin is a different animal.

It helps people pay each other from virtual accounts linked to websites and mobile payments.

WHAT IS IT?

Bitcoin is a currency generated on peer-to-peer computer networks using software. Each user has a Bitcoin Address, which is like a unique identity Bitcoins basically exist in computers and mobile handsets - as bits and bytes. They are traded in the market and exchanged for or against real money.

Bitcoin is one of the first implementations of a concept called crypto-currency, which was first described in 1998. Its origin is still a mystery. It is designed around the idea of a new form of money that uses cryptography to control its creation and transactions, rather than relying on central authorities. There’s a Bitcoin Foundation to standardise it.

WHAT IS ITS WORTH?

From the time that Bitcoins came on the market around the start of 2009 to now some 21 million bitcoins have been generated and on April 9, it traded at $190 per (around R10,000) Bitcoin and zoomed to $266 the next day and resumed its fall later. In simple words, it is volatile.

IS THIS A BUBBLE?

In theory, all money is virtual as they only represent underlying information. But they need acceptability. Bitcoins are accepted by some ecommerce vendors and some experts. By and large, acceptability is in question.

So one has to wait and watch. The key point is that unlike real world currencies that are backed by gold and other economic assets like oil reserves — or by government assurances, there is none here.

IS THIS ILLEGAL?

It seems not but there is no government recognition and hence Bitcoin certainly does not enjoy legal protection. There have been reports of people downloading Bitcoin mining software from unknown websites and expos-

ing themselves to virus attacks.

HOW DO I GET BITCOINS?

You have to choose between an Android mobile or a desktop platform (Windows, Mac and Linux). There is a dedicated software called Bitcoin Wallet (from www.bitcoin.org). Bitcoin-Qt is an app (application) you can download for Windows, Mac and Linux, while Bitcoin Wallet for Android runs on your phone or tablet.

The Bitcoin address works like a bank account. You can also go for Web wallets but that requires some extra work.

Then the answer is :
The Indian sites selling it, mostly are new and out of stock and untrustworthy. Frankly, I have faced many jokers here who tagged me as a scammer just cuz I m from India.

But there are genuine sites like buyselbitcoin, localbitcoin sellers and inrbtc but as I said, even though genuine they easily run out of stock.

Krogyan is still not a fully functional Exchange, when we do become one, we will too be able to offer bigger stocks & more locally competitive rates.

The unique thing about KROGYAN is that it is not biased towards paypal or skrill or Neteller.

Thanks for the info. Is KROGYAN based out of from India? Also am i correct that 28.25 % if to be calculated its much more costlier then the Indian sites (as stock is always there on INRBTC though price could be a factor).

Wow Seems like ages since I have been on here but it only has been since january (I think)

So yeah, basically the cliched "gayee bhais pani me" thing happened when Buysell got his notices and I got my phone call and investor pull out, leaving Krogyan dead in the water. To add to that the whole thing with gox had to happen.

Anyways, there is seems to be some hope up ahead, read on.
Since Jan, I have been traveling. I have been speaking to state financial heads and possible new investors/sponsors from all over the country, gauging the official awareness of cryptocurrencies in India and which state would be the best suited to become the Bitcoin Valley of India.

I was very excited when initially my investors came up with this 'touring' idea but the thing had a bad start, I was really hopeful of our bengal's new "for the people" govt to take me more seriously than they did. After that my investors ditched me and I was really saddened. So after being preoccupied about some other things I decided to fund the "tours" myself and meet these so called "important people I'd like to flatter to get started". And so it started and some were rather very interesting where I had to sit and explain to this 'important' person about who is Satoshi and why would people take computer generated numbers instead of money, some in particular the Mizoram trip was interesting, the person I met (not naming who as per request) was relevantly informed about the entire Bitcoin movement in India, and so was my last trip where I met a government official in Goa he was well informed too (seems like not all govt officials are dumb as a desk), so my 'tour' will continue through out this year and I will continue to support the source code for my website financially, but I will refrain from releasing anything publicly until more support from our govt arrives.

I might be a little out of date as far as more current issues are concerned.

Good to know that someone is touring India for bitcoin ;)

So your exchange is P2P or Real Time ? Is it going to be a State Run Exchange ? :)

Sold him 0.05 BTC and purchased Amazon gift voucher. I went first he sent me my voucher instantly

Hi guys,
I m pretty new to Bitcoins.
Began researching about 3 months ago (~December 2012), joined in about few weeks ago (April) and yes I was lucky enough to buy some coins during the crash.
As of late I have got many offers to buy and sell coins and was mostly offered by my countrymates, which leads me to the conclusion that they have faced similar problems in buying coins as I had.

My biggest problem is that the Bank account I operate has no Swift or IBAN number a BIG issue.


-UPDATE-
New bank account with SWIFT and IBAN number is now obtained.

Accepted Payment Methods for Buying FROM Exchange :

*Cash Deposit

*Online NEFT To Baroda/Axis bank

*Paypal for small and medium transactions internationally.
(Buyer pays all the paypal charges + $2)

*Skrill nationally and internationally. There are advantages in this method that I will explain only to trusted customers.

*Neteller (Minimum $600)

*Entropay Account Transfer (Upto $4000 - Ask for details)

*Now Accepting Airtel Money upto Rs10000





So I've been thinking about this little forum exchange that I can operate through here - on Bitcointalk.org
Basically I will charge a little fee initially to support my buying capability and as time passes on I will reduce the fee.

ABOUT THE EXCHANGE AND HOW IT WILL WORK

You must send me your request/quotation here ( NO private messages first)


So lets say you want to buy anything more than 1.5 Bitcoins worth Rs 5500 (~ $100)

If you want to BUY coins from me through Bank Wire / NEFT I will charge Rs250 (Fixed) as bank Charge and
http://btcticker.appspot.com/mtgox/1btc2usd.png +14% See Rates Below.

If you want to SELL me your coins through Bank Wire / NEFT I will charge Rs 300 (Fixed) and http://btcticker.appspot.com/mtgox/1btc2usd.png - 10% See Rates Below.


For International guys - I will also accept paypal but you will have to wait for 3 ~ 6 Days before I can send you any coins.


I ACCEPT LINDEN DOLLARS !

*Though NEFT Transfers are fast, I will only send you any coins when my bank realizes your payment, in any case if it delays for more than a Day (weekends) I will offer you the current rate at the time of the realization of the payment - else I will deduct any transaction charges from the bank & return your money.*


So lets say you want to buy anything BELOW 1.5 Bitcoins contact me first (or post a quote request)

=======================================SALES UPDATES=======================================

*LATEST BUYERS*

Axorb
Fifth_Id
iigor                 (paypal)
AndrewHenson  (paypal)



*LATEST SELLERS*


sublime5447



Buying Rate (from Exchange)                                        Selling Rate (to Exchange)

   (RATE)INR                  Quantity               Total (INR)                                |                               (RATE)INR                Quantity              Total (INR)
    
      81500                     0.5                   40750                                                                                                                
      81500                     1.0                   81500                                                                                                                
      81500                     5.0                   398646                                                                                                                
                                                                                                                                                                                                  

                                                                                                                                                                          

                                                                                                                                                        

LOCALBITCOINS.COM PROFILE (https://localbitcoins.com/accounts/profile/legendster_krogyan/)

===================================EXCHANGE UPDATES=====================================

(20th April 2013)
After 29th April 2013 I *might introduce Btc-e rates.

(20th April 2013)
If/When I reach 100 Sales I will announce the dates of a dedicated website launch.
The site will be similar to MtGox but will be directed towards Asian Buyers specifically Indian buyers & sellers.

(30th April 2013)
Trying to get my account verified by Mt Gox to allow withdrawing to Okpay and still in talks with a *website which will allow me to fund my btc-e account directly with my cards and no its not Interkassa or anything that is listed there.

Will update you guys here once everything is up & I am able to sell at good rates. Till then its Virwox + 10%.

(4th May 2013)

I WILL update you guys on this once I have a working prototype and If I end up requiring pre orders for financing the project I will also let you guys know. For now all I can say is that I have been talking with few Indian FPGA developers and Asic developers and working on a prototype, everything is on paper right now, and there is no physical device that I can show you at the moment, but when I do I bet this fpga miner will be very useful.



(4th May 2013)

Current rates as of May 4th 2013 are Virwox +12.5%

(6th May 2013)

New rates will be updated on the table above.


(11th May 2013)
Purchased www.Krogyan.com
For Possible future Setup of an Exchange in this name.

(11th May 2013)
GOX + 16% for quantities above 1 BTC

(15th June 2013)
Opened Branch Thread in Newbies Section (Noob Jail) (https://bitcointalk.org/index.php?topic=234953.msg2482271#msg2482271)

(30th Nov 2013)
Announcement of  Krogyan 1st Investor's Meet  (https://bitcointalk.org/index.php?topic=353149.0) at Kolkata


(2nd Dec 2013)
Changed Hosting Server