Bitcoin Forum

Hi Bitcoin Forum members,

Has anyone traded with "https://btcxindia.com/"?

If yes what's your experience?

Please let all of us know

Thank You,
Fan Of Bitcoin

Pretty Good. Withdrawls in INR are done using IMPS and are done within 15 min of the order being placed mostly. BTC deposits i believe need 3 confirmations, but in my experience takes about an hour. This exchange is more liquid than millibits.

Only the first time, our deposit had not gotten confirmed, but calling the number on the website, the issue was resolved within 5 minutes.

Dear BitLing,

Thank you for your feedback. For the firsttime; we will take 15  to 30 minutes for the credit due to Map-In to our system( both Bank as well as BTC wallet).Then after we will do as quick as possible.

Regards,
BTCXIndia team.

Whats your fee? for each Buy and Sell?

Either Buy or sell is 1% ; we will not charge any withdrawal/deposit fee.

Thank You, Found your website secure becoz you are using 2FA

Please consider trade volume and verification in slabs, so that users will get rid of registration hassles
and encourages more users to come in Let users be not scared of registration process.

for example

Trade Volume Less Than 0.25 BTC a day

1) Email and Phone Verification with web page acceptance for Terms and Conditions (clicking the check box)
2) Bank Deposit and Withdraw
3) Fee 0.25%

Trade Volume Greater than 0.25 BTC and Less Than 2.5 BTC a day

1) Email and Phone Verification with web page acceptance for Terms and Conditions (clicking the check box)
2) Photo ID (PAN or Driving License Or Aadhar Or Passport)
3) Bank Deposit and Withdraw
4) Fee 0.5%

Trade Volume more than 2.5 BTC a day

Per Your existing policy

Hope BTCx consider my suggestions

Regards,
Fan Of Bitcoin

Dear FanofBTc,

Thank you for your suggestions.We will be consider the Fee reduction but not able to compromise the KYC. As per our legal counsel , we strictly follow this.In the short term we may not get many clients due to strict KYC guidelines but in the long term we will get good business due to trust.

The bitcoin deposit or the INR deposit that did not get confirmed ?

Fee reduction will be a welcome step for the bitcoin community.

thanks! just looked into it ! am gonna try it !
and i really like the dynamic code security and KYC form , that's really a good step :)

Thank you for signup & site review.

there are hardly much people , there , i wish there would be more
but i will tell my friends about it :) hope they come :D

BTCXIndia has been reviewed and ranked (among the top 10 best exchanges in the world ) by the Best coin exchange-Bitcoin exchange rating site.
http://bestcoinexchange.com/exchanges/btcxindia-review/

Clearly it belongs there. The thing which keeps any brand apart from the rest, is customer service. And these guys are pretty good with that. Also, Deposit and withdraw speed is fantastic with these guys, which is extremely important.

Hope to see you guys at number 1 soon.

I think i was one of the first online member of this exchange, and i have brought BTC from many exchanges.
I got into btc pretty late by end of Jan 2014, i have traded btc in 5 exchanges (LBC, Unocoin, bitquick, igot and bcxindia )
LBC has lot of fraud, like i was a victim of phishing once. LBC is a good site though.
Unocoin charged very high commision rate
Bitquick model was very very slow in finishing a deal
igot.com has a good trading system, good UI, good rates, Good features, but their deposit and withdraw of btc or money took 1 day.
 and then comes btcxindia

Pros:
1. They are the only exchange in India, not sure abt millibits.
2. They have a secure KYC procedure.
3. Their UI is simple and decent
4. Deposit and withdrawal of btc and money is blazzing fast
5. Best customer care, even available on whatsapp
6. CEO available in LinkedIn and other social media, transparency

Cons:
1. Its rather a requirement than cons. Min purchase is 0.1 btc, i would like to see it reduced to 0.05 btc, but its my need and i just hope the code is changed to bring this change.

Dear Kartha,

Soon we will be launching Market orders; In that you can trade from 0.01 to 0.1 BTC.

 ;D COngratulations!

Thank you very much.

I wish you come into TOP 3 amongst the world very soon.

Glad to see so many BTC Users in INDIA. A very good scene.

Yes, I have two suggestions to BTCXIndia.

1. As in COINDESK, I would like to see the every second updation of BITCOIN value in INR in the Site.
2. Increasing the decimal values of BITCOINS withdrawals. Like for example, We must be able to withdraw 0.123456. Atleast a 5 decimal place. (Everything is Fund!  ;D)


I wish BTCXIndia continue the same customer service. I am Fan of their service to be very Frank.

All the best to the Exchange's growth and my fellow Indian Bitcoin users.

Dear Sathya,

Thank you for your feeback and suggestions.Here Iam answering few suggestions.

1. As in COINDESK, I would like to see the every second updation of BITCOIN value in INR in the Site.
      Last traded price has shown in our website, which is defined by the buyers and sellers come across and agreed certain price and traded between them. Our present average trading time is 15 to 20 minutes; it may reduce once the liquidity increases.Then Last tarded price will update even in a minute or seconds.Iam ensure that we will reach to that level by Bitcoiner's support like you.
2. Increasing the decimal values of BITCOINS withdrawals. Like for example, We must be able to withdraw 0.123456. Atleast a 5 decimal place. (Everything is Fund!  Grin)


For withdrawal , there is no limit; even you can withdraw 0.0000006 also but trading , yes we have minimum bid of 0.1 BTC. We will reduce up to 3 decimals very soon.

Regards,
BTCXIndia team.

I've been using BTCxIndia for a couple of weeks now. And my experience has been good.

I like the fact the site requires a dynamically generated passcode to log-in, but I feel a password should still be required along with the passcode. I don't see any harm in having both. It's just an added layer of security.

The thing that sets BTCxIndia apart from others is the fact it is an actual BTC exchange with user to user trading, unlike other exchanges that only let you exchange with them.

Withdrawal and deposits are fast. I withdrew BTC recently and it took about 1hr.

And the best thing about BTCxIndia is its amazing customer support. I've written to them at mid-night and I've got a reply in like 5-minutes. Almost every change I've suggested for improvement has been accepted. Truly amazing customer support.

Though right now there aren't many people trading on the site, I feel BTCxIndia has a bright future.

BTCxIndia is a the best bitcoin exchange in India as far as I'm concerned.

 

I like the clean and easy to use interface they provide .

• Their deposits and withdrawal are fast. Takes 10 to 45 min
• They have good security and then store your coins properly in cold storage, instead of exchanges that make high security claims but are actually vulnerable 
• The founder of the exchange contributes actively to the bitcoin community and I can vouch for his integrity. He understands bitcoin technology and is not here to scam ppl or make a quick buck. This is the reason they insist on KYC norms

I have been using BTCXIndia for over 4 months now.
I admire it mostly due to its quick response.
Deposits and withdrawals are fast and usually processed as soon as requested.
Customer Service is very responsive and helpful.
Also if you deposit money and later decide not to trade and withdraw u r money no fees are charged at all.
Their website also has mobile support now which makes it even better.
1% fees is charged by them but that's reasonable for their services, especially since they are the better ones of the few out there.

Yes. I have Tried this exchange website before some 3-4 months ago.

I have deposited some captcoins on this website , But my captcoins sell order didn;t got processed.

i wait for 24  hours more but still my order was not processed.

SO I withdraw my captcoins back to my wallet and leave that website.

We launched our exchange on May 5 th'14. I think you tried in May month.If it is May month, yes that time our volume is thin due to new exchange. Now our volume is moderate.You may try again and comment over here.

Very happy with BTCXINDIA, I traded yesterday and try to withdraw in night.
BTCXINDIA did IMPS after 12 Am , really impressed.

Have done many transactions with BTCX and it has always been a smooth experience. Being a new exchange, they are doing everything in their power and they are doing it right to ensure a fast and great customer service. That, plus small things like calling up to confirm the receipt after a deposit is made, trying their best to clear a withdrawal request at the earliest etc makes them a good exchange.

As for feature enhancements/additions, as someone mentioned about Dynamic Access Code, it's a nice step but I personally would prefer integration with Google Authenticator as a 2FA method.

My 2 cents :)

BTCXIndia has launched 100 meetups in 100 small towns. The first meetup held at proddatur , it has grand success.

http://www.thehindu.com/news/cities/Hyderabad/bitcoin-giving-gold-the-nudge/article6494031.ece?ref=sliderNews

It is interesting to note that smaller cities are taking to bitcoin faster than bigger cities in India.

By the way, when is the meetup in Delhi planned?

BTCXIndia to Conduct 4 Hours ‘Muhurat’ Trading on Diwali

https://bitcointalk.org/index.php?topic=830167.0

Is that some kind of discount on trading because I don't know what 'Muhurat' trading means?

We have a traditional System called Muhurat Trading on Diwali in stock/commodity exchanges.That settlement will be special settlement.Traders used to buy on that day due to Hindu callender New Year and its purely sentiment trading on that day.Most of the traders will go long and book small profits on that day.

We are also launching for Bitcoin trading with free trading fee and free giveways of 0.01 BTC to the traders on that day.

@btcxindia

I have few doubt. (sorry i am new here), can I sell BTC in your exchange for INR.

I am currently studying in UK. so is there any possible for me to sell in your exchange.

Because I am worried about the KYC.??!!!!!

Thanks in advance.

KYC is a mandatory.If you are Indian national, you may eligible as an NRI applicant.

thanks for the reply, anyway i will be back to india in three moths, then i will try to submit my application.