Hello everyone! Is anybody using Localbitcoins in India to buy bitcoins? What kind of payment method is most popular? Thanks for an answer  People used the localbitcoin in India, there are multiple payment option popular in india. Most preferred one is the CASH. PS: You are very generous with use of verbs. Look at the Topic of your thread, you just needed one verb yet there are two. |
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Hi,
Can anyone recommend me best bitcoin wallet in India. I am starting BTC mining with cloudminr.io what you guys say about that too.
I am fairly new to BTC. I would really appreciate anyone helping me.
1. Your a newbie and yet interested in mining then you should post your questions in the mining section of the forum. 2. Posting in mining subsection will enable somewhat proper guidance compared to other section of forum. 3. It really helps to be sincere to read first about the bitcoin and mining related topics before posting a question posted million times before. |
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They decided to charge 2.36% for all INR withdrawals. This is totally not acceptable a NEFT transaction is just 5-10 rs on most banks.
They are either having liquidity issues or are trying to run away or are trying to rip people off since they already have a very high volume.
Take a hint. It is too late for everyone from India. Most of the crypto vendors in India are simply ripping off customers in a broad day light. Note that some exchanges/vendors are good and legit for now. Most of the vendors providing services in crypto field are facing heat from the policies as well. |
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It may become difficult to buy bitcoin or for that matter cryptocurrency using banking, as many banks are considering it as risk n easy way of siphoning off money. Though it is incorrect and crypto are becoming scapegoat for the mistakes of other. I dont think GoI may ban it.
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This SoB is now going with gb21 in Eastern Asian countries. And people from india are still believing in him.
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There are a lot of alternative-crypto which will soon boom (read a year of more) some them are ADA, ripple, ethereum, monero, etc etc
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There are a lot of scams in India regarding crypto-currency. People(software-literate and software-illiterate) have been duped for crores of rupees by the conmen from time to time. However people still fall prey to those scams. You can't help it. Anyone putting money without prior thorough investigation is a fool. And there is old saying a fool and his money are soon parted.
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If private sector giant is entering in the cryptocurrency with their own coin then writing is on the wall that govt is not going to ban the cryptocurrency. Instead govt will try to regulate the crypto-currency in this country.
Here interesting thing would be to see what motive Ambani has behind his interest.
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There is no rule for tax in bitcoin
I m in loss now , so i do not have any issue with the tax,
Only 1 question why they done this change so shady , why they dont announce users about that
Tell me answer of this else zebpay is still not a trusted company
@boss1dg : why dont you tell the truth with your trusted source then ?
You are suppose to pay taxes on bitcoin. There is a tax from GoV Ind on earnings from the bitcoin. Keeping/HODLing bitcoin is also covered under current tax as well. There is a detailed thread[1] on taxation on bitcoin in India. You are suppose to pay the taxes on your earnings from the bitcoin or for that matter any other cryptocurrency. Anyone who has filed ITR this year would have noticed that there is a section in 'wealth' section which specifically request information about possession of bitcoin or any other crypto-currency. [1] https://bitcointalk.org/index.php?topic=213792.200 |
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As an Indian who grew up in US, I would like to better understand how are cryptocurrencies and Blockchain technolgies doing in India. Any insight on investments, mining, token sales, meetups, and the general interest level (both public and private sector) would be appreciated!  As far as bitcoin is concerned, Things are going in typical Indian fashion. Very few(0.0001%) understand actual bitcoin technology. Very few (0.000001%) understand what is cryptocurrency and how it works. Rest of people are in crypto just to take advantage of boom in bitcoin and alt crypto to make quick money. You could notice the most (read all) crypto Exchanges or vendors operating in India are looting their customers by unreasonable premium difference in international price and local price. Again buy and sell price difference(aka spread) is ridiculously large. But again these greedy bast*** deserve it. Hardly anyone declaring their crypto currency assets in their tax-declaration, causing govt to go berserk at anything that is related to the bitcoin and alternative crypto currency. Major bitcoin fraud happened in India by SOB amit bhardwaj and nobody is filing a complaint against him or his fake company. Yes, things are going really well in India with regards to the bitcoin and crypto. |
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The marathi paper does have "AMCAP" written in hindi somewhere in the middle. This guy who is getting caught is most probably just some fool who decided to take other people's money to invest into Amit Bhardwaj's scam. But even then, how did he not already double his money and payback the original amount? Pune police is well-respected for its cyber capabilities. If they really go into it, I am sure they'll figure out the MCAP/BGF/Bhardwaj nexus soon. The question is whether they can act on it responsibly and without corruption. * Thanks for confirming, got it verified with other source that it is indeed MCAP written in marathi. Nonetheless that is not the big point here. * Person would had the money if he had kept it in bitcoin only. Biggest mistake he made was investing in Amit Bhardwaj's ponzi schemes. * If this person is a con then he got served by great con.  |
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Hi,
You guys haven't mentioned the rates for the translation. Could you share those details as well?
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i see opportunities for arbitrage trading
Not much. The cost of transfer will kill profit margin. Forget the profit you might end in loss with arbitrage if the amount is not large. |
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Dear before starting a thread here, if you had googled same question you would have found many howto's and video tutorials depicting step by step guide. Next time make sure to do some basic googling. By doing this in future you might help this forum less spam-free and more meaningful threads, posts.
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At this stage, top 10 alternative currencies have proved better investment tool. If you see that bitcoin-cash has roared from 300 dollars to the 2000 USD within month or so. Considering bitcoin-cash current price of ~2000 DOllars is after the correction, you could consider that there will be price raise again.
Same thing is happening with the etherium as well. It is touching 1000 dollars mark. Ripple is something i dont trust but has shown great performance in recent time. Cardano is good so as golem.
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Honestly, you could should not use any app for storing your coins. It could be bitcoin or alternative crypto currency. These apps are not safe for the coins. Make sure not to use the exchange wallets as well.
you should use either hardware wallet or at least desktop wallet whose private keys are with you.
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Is pump and dump illegal or not?
if not can you share a link of it ?
As far as bitcoin or crypto currency is concerned then pump and dump is common phenomenon. You could find these kind of practices across all the exchanges across the world that too on regular basis. Interestingly bitcoin has its spread across the globe thus it is difficult pump and dump in specific exchange. However this kind of practice also result in reverse way as well. That is if bitcoin price in specific exchange could trigger other exchanges to follow the same suit. Same is true for the alt-crypto currencies. |
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Hi, As you can tell, I'm new to the world of Bitcoin.
I have learned a lot about the basics of Boitcoin, but there is much more to learn. I hope to get some advices from the pro!
Such how to invested in bitcoins and other ways to buy Bitcoins ( not only exchanges). Also whats' your personal experience using the Bitcoin and what's your journey?
Bitcoin Exchanges are notorious for unethical and disappear in thin air overnight. thus your doubt is not entirely baseless. At the same time exchanges offer better control and ease in managing your coins to money trade. That is suppose you want to buy or sell bitcoin or for that matter any other coin or token. If you buy bitcoin from a vendor then you dont know what will be the end price for the purchase of bitcoin as from the time you put money in their bank account from your bank account takes time. Meanwhile if bitcoin price rises like crazy (which happens all the time) then you may get less coins. Same could happen with selling price manipulation. Some vendors/web-based/app-based bitcoin companies are notorious for these kind of practice. It is better to buy whatever amount you could get with your money and hold it for long. |
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