If you still need a translator, I am ready to help. It would have been better if you mentioned the rates clearly as well.

You will most likely fall in 30% income tax bracket. An option to save tax here is make accounts in name of other family members and transfer some Bitcoins to them. Then take out money in their bank accounts. It will reduce the taxes and if you withdraw til Rs 250000 in one account of a person not falling in taxable income there will be no taxes.

Crypto market is growing at a very fast pace in India. You can see that some of the exchanges have even stopped new registrations as they are not able to handle current requests. I think that 2018 will see more expansion and if Jio coin is launched this year, it will change the game completely.

Merits and sendable merits are different. When you press + merit, sendable merits are deducted by that amount, merit will remain same.

Because it will not stop spam posts. Activity can be gained by just making  posts daily one on average. Merit is to ensure that people make quality posts.


You cannot send anymore. When you receive more merits in future, you will get half of those as sendable merits which you can again send to other members.

I think this is an exceptional case and now they are the best exchange to buy and sell Bitcoins in India. This is because:

1) They have  a fast and smooth app which makes buying and selling Bitcoins as easy as placing order for Pizza.

2) It is one of the most trusted Bitcoin exchange in India. You cannot trust new exchanges especially if you invest huge amount.

Bitcoin gained a lot of popularity in the year 2017 and a lot of people started to invest in Bitcoins. I made my first investment in December 2017 and sold after 15 days. I was able to make 405 profit in those 15 days and it was awesome. My question is how and when you started investing in Bitcoins in India ?

I was searching for an alternative to Unocoin as I have got of fed up of late support. I came to know about Coindelta which has a number of benefits:

1) You can trade for a number of cryptocurrencies like Ethereum and Litecoin.

2) Trading fees is 0.15% which is less among all exchanges.

3) You can easilY transfer through IMPS/NEFT.

Have anyone one of you used it recently and found any other benefits ?

I plan to buy some Ethereum and was looking for an Indian exchange. I came to know about Koinex but it has stopped new registrations for last few days. Is there any other reliable option ?

Bitcoin Talk Name: krishnaverma
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=1341921
Rank: Member
Post Count : 62
BTC Address: 34Hkz3LMrmjwSkxJwYHWUby4okJgCb6JGD
ETH Address: 0xfb2f50845ca46663dd80cf55bd2cedbc7e32f1b9

Have updated the signature and personal message.

Edit: Taking my name back from this campaign.

It is the matter of interest. If a person is not having interest in Bitcoins, it is hard to make him understand the importance of Bitcoins.

Bitcoins is most popular in developed countries. But developing countries are also picking up slowly.

This was very much needed. New coins were already having low fees and thus attracting new investors.

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In Lucknow, they have increased the electricity cost by more than 25% or so. If you have a source of free electricity like a government quarter, then mining can be profitable.

Just declaring that it is illegal will not help. They will have to close down all exchanges and also stop people from buying from exchanges from outside the country.

Dealing with a unknown person can be very risky. It is better to buy from a reputed exchange like Unocoin.

That may happen sometimes depending on the current workload they are having. If you compare with other exchanges, they are still doing good.

What is the basis of your prediction ? It may remain on the same level. For the past one month, it has not grown much.

I can do this. Will you be able to pay upfront ?