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Title: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on July 19, 2014, 03:28:28 PM After months of work we are close to release this product...
www.100bit.co.in 100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Joining is free and exchange cost per trade is 0.1% of the trade amount. Key Features :- 1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading. 2. Bitcoin can be traded against both FIAT & Alt coins. 3. Trading cost 0.1% of the trade amount. https://i.imgur.com/TwWmtEZ.png (http://www.100bit.co.in) Please note that, right now, we are in early BETA. Also https is not yet implemented. So, it is recommended NOT to trade big volume for now. Your feedback for any improvement is highly appreciated. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: bitcoinkerala on July 19, 2014, 04:18:20 PM Looks very amateur .. Sorry
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: chronicsky on July 19, 2014, 05:40:06 PM not a good set-up ....
i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing all the best though Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on July 20, 2014, 10:54:18 AM Looks very amateur .. Sorry I actually agree with u :) ...at this point of time the UI does not look fancy, because we dont intend it to be. We are more focussed on the security and functionality at this moment. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on July 20, 2014, 11:01:05 AM not a good set-up .... i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing all the best though It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: subvolatil on July 20, 2014, 12:06:43 PM not a good set-up .... i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing all the best though It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services. Problem is that MLM is always associated with scams in india, Aryarup/ATCR , SpeakAsia , Unipay2u, Stock Guru, TVI Express. has not got confidence booting in people about this. all these pyramid and MLM have the same MO joining fee and get people to join and you get paid a certain % in the end it ends up as a huge ponzi scheme. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: RocketSingh on July 20, 2014, 01:39:58 PM not a good set-up .... i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing all the best though It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services. Problem is that MLM is always associated with scams in india, Aryarup/ATCR , SpeakAsia , Unipay2u, Stock Guru, TVI Express. has not got confidence booting in people about this. all these pyramid and MLM have the same MO joining fee and get people to join and you get paid a certain % in the end it ends up as a huge ponzi scheme. I dont have much idea about all the names u r talking about. But, I have issues calling an MLM a Ponzi. MLM is a way of marketing. Ponzi is the scheme that is associated to scam. Because, in Ponzi, the company lure people with the 100%-200% return guarantee, but practically pay out with investor's money. On the contrary Amway, Avon, TupperWare and a lot other respected name in the marketing world use MLM as a marketing strategy and doing good business for years. MLMs provide product/service and offer people a commission to spread the word. So, calling a business straight out scam just because it uses MLM is probably not a good judgement. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: subvolatil on July 20, 2014, 07:04:07 PM not a good set-up .... i know you might be working hard , but it's start , and 0.1 btc for joining , it'll hard and it's a tree system if people stop joining , the last one's are left with nothing all the best though It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services. Problem is that MLM is always associated with scams in india, Aryarup/ATCR , SpeakAsia , Unipay2u, Stock Guru, TVI Express. has not got confidence booting in people about this. all these pyramid and MLM have the same MO joining fee and get people to join and you get paid a certain % in the end it ends up as a huge ponzi scheme. I dont have much idea about all the names u r talking about. But, I have issues calling an MLM a Ponzi. MLM is a way of marketing. Ponzi is the scheme that is associated to scam. Because, in Ponzi, the company lure people with the 100%-200% return guarantee, but practically pay out with investor's money. On the contrary Amway, Avon, TupperWare and a lot other respected name in the marketing world use MLM as a marketing strategy and doing good business for years. MLMs provide product/service and offer people a commission to spread the word. So, calling a business straight out scam just because it uses MLM is probably not a good judgement. You may have miss read my statement that hurting your feelings. I will restate or in other words dumb it down for you. What i said is that MLM is always associated with Scams and ponzi scams, in india. Which means most of these type of marketing strategy turns out as a scam. Note here, that i have not accused this new exchange of a Scam but only pointed out How such marketing Schemes have turned out as in the past. I can give you a list of this MLM programs that would be as long as Santas Naughty list that for a fact turned out as a scam. Now as you have got me started on the validity of this scheme. let me elaborate what i think of this exchange's policy. i. Joining will cost 0.01BTC. ii. U can earn 0.003BTC at each referral. iii. U'll also enjoy a part of 0.003BTC at every new member joining. iv. Minimum amount one can trade is 0.01BTC v. Exchange commission for trading is going to be 0.0005BTC to start off. Joining Cost = 0.01 Referral payback = 0.003 Taking 0.01 BTC = 375.97 INR Now, lets say you want earn back you amount and refer 3 people so = 3 X 0.003 = 0.009 Which means you really need 4 to cross over your break even. good luck convening people to signup for an exchange where they have to pay. Next point is the point that makes it a MLM/Pyramid Scheme Quote It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services. Well indirect referral, humm.... Pyramid Scheme much. OH !! wow thank you for bring up Amway I almost forgot that fuckup of a company http://businesstoday.intoday.in/story/amway-backdrop-qnet-ajay-chanam-on-direct-selling-marketing/1/195445.html (http://businesstoday.intoday.in/story/amway-backdrop-qnet-ajay-chanam-on-direct-selling-marketing/1/195445.html) And Avon has now moved to pay and salary structure for their direct sellers. TupperWare Cmon you make it so easy for me. That company has been going down the drains for ages, with change in marketing systems that never seems to work companies like MAC and even Lakmé supersedes its sales volume. their operations in UK has closed. In the US 80% of their sale is now done by Retail giants like Walmart and Target. All in all these companies atleast sell a physical product. They are not selling membership to a BTC exchange where in you have to pay to get in. Its not some American Express card that has over the top Customer care and support that warrants a signup fee. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: adv.kanishk on July 20, 2014, 07:54:53 PM Subvolatil is right to a certain extent. The MLM pyramid is being sniffed under Prevention of Money laundering Act by the authorities. It is only due to the Amway MLM proceedings which has really broadened the coverage aspect of the Section 3 definition of PML Act. Earlier the notion of PML Act was confined to funding for terrorist activities but now the aspect of the act has expanded it horizon and keeping a tab especially on these MLM pyramid companies. However, I would also add that it triggers in being only if the pyramid gets build in huge.
We have also discouraged our client https://millibits.in to get engaged in the MLM structure so that extra burden of sniffing from DG authorities do not take place. 100bitcoin I think you should consult your legal team about it and proceed accordingly. It might not get covered now but you should ask your legal team how it can be covered. That is the only advice I can give. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: RocketSingh on July 20, 2014, 09:06:07 PM --snip-- You may have miss read my statement that hurting your feelings. I will restate or in other words dumb it down for you. What i said is that MLM is always associated with Scams and ponzi scams, in india. Which means most of these type of marketing strategy turns out as a scam. Note here, that i have not accused this new exchange of a Scam but only pointed out How such marketing Schemes have turned out as in the past. I can give you a list of this MLM programs that would be as long as Santas Naughty list that for a fact turned out as a scam. --snip-- Dont u think it is too much of assumption ? Just because someone else scammed so it'll ? It is like Mt. Gox scammed so will BitStamp or most of the Alt Coins are scam so are Litecoin & DogeCoin !!! Funny eh... :D Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: RocketSingh on July 20, 2014, 09:11:16 PM --snip-- Now as you have got me started on the validity of this scheme. let me elaborate what i think of this exchange's policy. i. Joining will cost 0.01BTC. ii. U can earn 0.003BTC at each referral. iii. U'll also enjoy a part of 0.003BTC at every new member joining. iv. Minimum amount one can trade is 0.01BTC v. Exchange commission for trading is going to be 0.0005BTC to start off. Joining Cost = 0.01 Referral payback = 0.003 Taking 0.01 BTC = 375.97 INR Now, lets say you want earn back you amount and refer 3 people so = 3 X 0.003 = 0.009 Which means you really need 4 to cross over your break even. good luck convening people to signup for an exchange where they have to pay. --snip-- Now I see u have no previous experience in properly analysing any MLM. U never tried actually. Because u were always told MLM is a SCAM. Like people think Bitcoin is Banned !!! :) It goes like... (3 X 0.003) + (~0.001) = 0.01, where (~0.001) is coming from the indirect referral of 3 persons. But this value diminishes as the chain goes long and 4 person requirement becomes true !!! p.s. Not sure how this company will put in the things. But convincing people does not take place like they have to pay. It happens like how much they'll be paid back... I just see the amount is too low for me :P Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: RocketSingh on July 20, 2014, 09:41:36 PM --snip-- Next point is the point that makes it a MLM/Pyramid Scheme Quote It is 0.01BTC at the joining. Everyone needs to refer just 3 people to cover their joining fee. People enjoy indirect referral too. The last person, who is quite far given the increasing adoption rate of Bitcoin, may also consider it as a membership cost to enjoy multiple low cost bitcoin services. Well indirect referral, humm.... Pyramid Scheme much. OH !! wow thank you for bring up Amway I almost forgot that fuckup of a company http://businesstoday.intoday.in/story/amway-backdrop-qnet-ajay-chanam-on-direct-selling-marketing/1/195445.html And Avon has now moved to pay and salary structure for their direct sellers. TupperWare Cmon you make it so easy for me. That company has been going down the drains for ages, with change in marketing systems that never seems to work companies like MAC and even Lakmé supersedes its sales volume. their operations in UK has closed. In the US 80% of their sale is now done by Retail giants like Walmart and Target. All in all these companies atleast sell a physical product. They are not selling membership to a BTC exchange where in you have to pay to get in. Its not some American Express card that has over the top Customer care and support that warrants a signup fee. Look... now u r contradicting yourself with your own reference. There is a line in your reference... Quote What are the main differences between MLM/DS companies and pyramid marketing companies ? Read the answer yourself why MLM != Pyramid Scheme ;) Now, about the reason, why most of the companies face trouble in running MLM. It is NOT because they are running MLM, but because of the chain. Sometimes they dont properly pay the chain as per commitment and sometimes the chain is tipped by competing companies to bring allegation of non-payment. As most of these commissioning used to happen in cash, the trouble continues. This is NOT possible in Bitcoin as the payment will be written in the public ledger called BlockChain. And please read the last sentence of your link again, again and again... Quote Legitimate DS companies are structured to reward people for promoting their products. There are Direct Selling/MLM companies, as they are referred in this article, which are absolutely LEGAL. p.s. Well, though I drilled up and explained the misconceptions, it'll most likely have no real effect. It is like explaining bankers Bitcoin is Legal. :-[ Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: williamj2543 on July 20, 2014, 09:45:46 PM Website seems very old and put together fast. I wouldn't use it, unless it has bitcoin to paypal or some really nice features, other than that, work on the UI.
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: buysellbitcoin on July 21, 2014, 05:54:37 AM MLM = A big NO.
Sorry guys just watched KBC story in Maharashtra. I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi. Regards Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: RocketSingh on July 21, 2014, 11:00:13 AM MLM = A big NO. Sorry guys just watched KBC story in Maharashtra. I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi. Regards I'm actually against this very specific psychology that says MLM = A big NO. Please do understand that MLM is nothing but a marketing strategy which has nothing to do with Ponzi. No offence to u, this is because of the no. of scams India have seen using MLM. Ponzi schemes took the shirt of MLM and scammed people. But I firmly believe Bitcoin will reduce this scam as transactions will be open. By the way, the business in this context are actually offering an exchange service. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: buysellbitcoin on July 21, 2014, 12:46:21 PM MLM = A big NO. Sorry guys just watched KBC story in Maharashtra. I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi. Regards I'm actually against this very specific psychology that says MLM = A big NO. Please do understand that MLM is nothing but a marketing strategy which has nothing to do with Ponzi. No offence to u, this is because of the no. of scams India have seen using MLM. Ponzi schemes took the shirt of MLM and scammed people. But I firmly believe Bitcoin will reduce this scam as transactions will be open. By the way, the business in this context are actually offering an exchange service. So basically its escrow based exchange and employing referrals as marketing and customer acquisition tool. The new thing is referral must pay certain amount to be part of this system. One issue and suggestion : Biggest thing exchange should look to get is liquidity and make sure they work on improving their system to get best liquidity available. Here this model is actually creating barrier to liquidity providers. Regards Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: bitcoinisfurture on July 23, 2014, 03:32:18 PM Are you planning to keep entry fees even for the people who may just wants to use your trading platform and may not be interested in refereal type business. What are your plans on this?
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: TigerMart on July 24, 2014, 10:04:45 AM MLM = A big NO. Sorry guys just watched KBC story in Maharashtra. I am not saying you guys are not legit, but until and unless there is a value ( either service or product ) being delivered in any business model it is ponzi. Regards I'm actually against this very specific psychology that says MLM = A big NO. Please do understand that MLM is nothing but a marketing strategy which has nothing to do with Ponzi. No offence to u, this is because of the no. of scams India have seen using MLM. Ponzi schemes took the shirt of MLM and scammed people. But I firmly believe Bitcoin will reduce this scam as transactions will be open. By the way, the business in this context are actually offering an exchange service. So basically its escrow based exchange and employing referrals as marketing and customer acquisition tool. The new thing is referral must pay certain amount to be part of this system. One issue and suggestion : Biggest thing exchange should look to get is liquidity and make sure they work on improving their system to get best liquidity available. Here this model is actually creating barrier to liquidity providers. Regards Nice to see that someone has picked up the real issue. Neither UI nor MLM is a big factor for an exchange. UI can be improved in course of time and the way MLM is implemented here is absolutely fine. The real question is Liquidity. Without people actively buying/selling on an exchange, it cant fly. But well, everyone has to start somewhere. Best of Luck... Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: maurya78 on July 24, 2014, 02:26:45 PM Not sure why anybody would pay a joining fee to transact on an exchange
Not a taker as things stand Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: polynesia on July 24, 2014, 04:09:27 PM How easy is it to run a bitcoin exchange in India?
Didn't the RBI warning / ED raids result in exchanges shutting shop? Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on January 10, 2015, 08:11:57 PM Happy New Year bitcoiners :)
A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community... www.100bit.co.in Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: shahadil on January 13, 2015, 09:38:30 AM okay how am i to register for this if i dont have a referral id. and assuming i am the first person to register, whose referral id do i use?
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on January 13, 2015, 02:44:18 PM okay how am i to register for this if i dont have a referral id. and assuming i am the first person to register, whose referral id do i use? Thank you for your interest. We are not yet open as we are still testing some usability. After our testing, we are planning a testing phase by some forum members with small amount of fund. Then only we will open for public. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: RocketSingh on January 14, 2015, 05:56:25 PM Happy New Year bitcoiners :) A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community... www.100bit.co.in I think you are going to be the first exchange to offer direct trading between alt coin & bitcoin. Would be interested to see how it turns out... Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on March 09, 2015, 12:00:32 PM Happy New Year bitcoiners :) A lot of things have taken place at our end in last few months. We did not expect it will take so much time, but we are happy to say, that at last we are close to launch. OP is updated with the latest info. Expecting support from the community... www.100bit.co.in I think you are going to be the first exchange to offer direct trading between alt coin & bitcoin. Would be interested to see how it turns out... Not sure. For the time being, only LiteCoin & DogeCoin are included. More will be added gradually... Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: bitbibit on March 09, 2015, 06:30:29 PM New 100bit looks cool.... all the best for the new venture. Thanks for a multi crypto exchange was very much needed in India. Kudos.
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: chronicsky on March 09, 2015, 08:46:26 PM So it's finally up!
Seems good! am in for now :D Edit: it needs a referal code :-\ Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: Amitabh S on March 10, 2015, 03:33:55 AM Few questions to the site owners:
It says: "Please have 0.01 BTC ready along with transaction fee (around 0.0101 BTC is enough). You need to pay that amount at the time of email confirmation." Why do you need 0.01 BTC for registration? Can you explain the rationale behind this? Also it does not seem like a real-time platform like coinsecure.. After placing orders, I need to send funds. How is this different from localbitcoins? What would be the benefits for me? For altcoins, why would I use this over other exchanges? Need some information about the company on the site. Who is running the site? Are deposits and withdrawals automated? Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on March 10, 2015, 02:55:52 PM New 100bit looks cool.... all the best for the new venture. Thanks for a multi crypto exchange was very much needed in India. Kudos. Thank You... So it's finally up! Seems good! am in for now :D Edit: it needs a referal code :-\ Sent PM... It says: 100bit.co.in is an invitation only platform. It requires a referral & 0.01 BTC to join 100bit.co.in. An user earns 0.003 BTC from each referral joining."Please have 0.01 BTC ready along with transaction fee (around 0.0101 BTC is enough). You need to pay that amount at the time of email confirmation." Why do you need 0.01 BTC for registration? Can you explain the rationale behind this? Also it does not seem like a real-time platform like coinsecure.. After placing orders, I need to send funds. How is this different from localbitcoins? What would be the benefits for me? Indeed it is more like LocalBitcoins, but it allows Alt coin trading and does not require you to keep your fund deposited with us.For altcoins, why would I use this over other exchanges? i. In case of any security breach, there is no chance that your fund will get affected, unless you have a live trade exactly at that time. ii. 100bit.co.in trading fee is same for all volume of trade. It is 0.001 BTC flat for each trade. Need some information about the company on the site. Who is running the site? As of yet, we are in Beta (i.e. testing phase), and not an independent legal entity. Our legal team is working on the independent legal status, which is a bit grey area as we do not handle any FIAT at our end. Are deposits and withdrawals automated? FIAT/ALT coins move directly between users. Only bitcoin remains on hold with 100bit.co.in, when a trade is in progress. Deposit & Withdrawal of bitcoins are automated. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: TigerMart on March 12, 2015, 03:56:57 PM Good to see that it has been launched. Why not give me a referral ? I'd like to join...
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: 100bitcoin on April 02, 2015, 12:33:54 PM Sorry to keep you guys waiting. We have done some changes in the platform. You are now free to join. If you face any problem, feel free to report here...
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: bitcoinisfurture on April 02, 2015, 05:52:52 PM Kindly provide the details of the people who are involved with 100Bit.co.in
Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: Rotten Egg on April 03, 2015, 10:27:49 PM Kindly provide the details of the people who are involved with 100Bit.co.in I dont think they'll disclose their identity in public forum before they get their legal status worked out... Need some information about the company on the site. Who is running the site? As of yet, we are in Beta (i.e. testing phase), and not an independent legal entity. Our legal team is working on the independent legal status, which is a bit grey area as we do not handle any FIAT at our end. Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: bitcoinisfurture on April 04, 2015, 08:53:08 AM 1) By when are you expecting the 100Bit.co.in to be started?
2) How different it will as compared to coinsecure? 3) What is the base location? Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on April 08, 2015, 03:47:30 PM 1) By when are you expecting the 100Bit.co.in to be started? You might start testing the platform with small amount. 2) How different it will as compared to coinsecure? 100bit.co.in is more like LocalBitcoins, but it allows Alt coin trading and does not require you to keep your fund deposited with us. 3) What is the base location? There is nothing location specific here. We are open for the global user base. Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: newIndia on April 26, 2015, 09:12:16 PM Why only LiteCoin & DogeCoin are listed among AltCoins ? Why dont you add other popular ones, like Stellar, NXT etc. ?
Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on May 08, 2015, 05:47:35 PM Why only LiteCoin & DogeCoin are listed among AltCoins ? Why dont you add other popular ones, like Stellar, NXT etc. ? Depending on the demand we will be adding up more gradually. Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: newIndia on May 09, 2015, 03:11:25 PM Why only LiteCoin & DogeCoin are listed among AltCoins ? Why dont you add other popular ones, like Stellar, NXT etc. ? Depending on the demand we will be adding up more gradually. Ok. Placed a small trade recently. It was executed swiftly. Nice experience. Will use it again... Just a small suggestion, try to increase the volume. Sometimes the INR trades are empty. Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on June 09, 2015, 11:31:37 AM In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience.
Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: legendster on June 12, 2015, 05:10:29 PM In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience. You need new servers and higher bandwidth. A more intuitive UI design (PM me I can help with design). Most importantly you need international traders. Dont market it as an Indian website.Edit: PS : If you want real reviews create a non self moderated thread. Title: Re: [PRE-ANN] Sneak-Peek of an Upcoming Exchange Post by: legendster on June 12, 2015, 05:13:49 PM How easy is it to run a bitcoin exchange in India? Didn't the RBI warning / ED raids result in exchanges shutting shop? Its not illegal to do btc based businesses in India, its not legal either. Govt is interested but kinda shy. Follow their KYC norms & you'd do just fine like uno / cs have done. Btx shut it's shop cuz their bank chickened out. Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on June 13, 2015, 11:24:35 AM In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience. You need new servers and higher bandwidth. A more intuitive UI design (PM me I can help with design). Most importantly you need international traders. Dont market it as an Indian website.Edit: PS : If you want real reviews create a non self moderated thread. Thank you for your input. We have a thread for international traders, which is not moderated either - https://bitcointalk.org/index.php?topic=526706.100. Even in this thread, we have not moderated any comment so far. Regarding bandwidth, we are using CDN and the site is optimized. So, speed should not be a problem. Thanks again... Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: TigerMart on June 24, 2015, 02:53:04 PM In the last one month multiple trades have taken place on 100bit.co.in against INR. We'd like to know people's general experience about it. Feel free to share, if you had any negative experience. Had some trade on 100bit.co.in. Apart from low volume, there is no other complain for now. Keep going... Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: Aayush on June 25, 2015, 11:15:07 AM After months of work we are close to release this product... www.100bit.co.in 100bit.co.in provides a platform to buyers and sellers to directly exchange FIAT and Alt coins with each other against bitcoin. Joining is free and exchange cost per trade is 0.1% of the trade amount. Key Features :- 1. Does not require bitcoin to stay deposited in the site. User deposits at the time of trading. 2. Bitcoin can be traded against both FIAT & Alt coins. 3. Trading cost 0.1% of the trade amount. https://i.imgur.com/TwWmtEZ.png (http://www.100bit.co.in) Please note that, right now, we are in early BETA. Also https is not yet implemented. So, it is recommended NOT to trade big volume for now. Your feedback for any improvement is highly appreciated. It is very hearting to see an INdian developing a platform such as this, I know you are still in beta stage and there's lot to work on, I wish you all the best! I will try how I can to promote you! Title: Re: 100bit.co.in - Direct trading exchange for FIAT and Alt coins against Bitcoin Post by: 100bitcoin on June 26, 2015, 07:11:29 PM It is very hearting to see an INdian developing a platform such as this, I know you are still in beta stage and there's lot to work on, I wish you all the best! I will try how I can to promote you! Thanks for the kind words. Anyone wish to voluntarily promote 100bit.co.in or their own profile on 100bit.co.in, may use the signature codes listed here - https://bitcointalk.org/index.php?topic=1079681.0. |
