I know only one exchanger on localbitcoin. But other than that I have no idea. I am thinking about BTC to EUR for now so that currency exchange would be more on our end.

Great. I am on it to promote. Thinking about writing blog post

http://coinchat.org/r:skysnap

I had 400 USD LR which I got from the Mayzus forex and felt very bad  when LR went down.

At the rate of anything above 58 would have been good for me overall.

The problem with indian govt and RBI approaching bitcoin is like rich people using it as a way to avoid tax. Well they can do that directly by bribing, i don't see this happening for terrorism. In fact why would anyone use bitcoin when they can use cash in small chunks like say below 1 lakh per account and then rotating it for that use. it is not hard for them to do such as many brokers and real estate agents use such strategies for years.

I doubt it would be close to 400$. I guess it requires a lot of time and for 500 bucks though, not by small margin that amount is easy to get.

1. Easy withdrawal to local banks or cheque (which is quite less these days)

2. Less popularity of other payment processor and their resident currency system like perfect money etc. Less usage of these will increase number of people coming to the bitcoin.

I wonder if ICICI bank has the purpose code document that can be signed for once.  I want to clear it from that end in order to make things easy.

Yes, payment purpose is one thing that needs to be solved there. I am not sure if the process is one time or the recurring.

So you meant to say we can do moneybookers exchange to bank, at specified price in the withdraw page?


Thanks, I will keep this in bookmark.

I have verified my address and some of the limit is lifted. I can send 2Lakh every 90 days which is huge for me on moneybookers.

So right now I am looking for anyone from india to exchange INR via NEFT to sell my moneybookers.

I wonder how much can we withdraw to the bank? I do see the minimum bank transfer charges there but the USD transfer is quite hard to see there.

I just checked the bank withdrawal charges for moneybookers, they seem to be charging 139 RS per bank withdrawal via SWIFT. Not sure if the charges add up depending on amount or is it fixed charge.

so is it  not possible to use an exchanger for the moneybooker? I mean if we get moneybooker money to someone to exchange for INR NEFT. Is it not another better idea? I guess, it is possible.

Sorry the dormant fees applies to the accounts that has no transactions for 18 months.

Thanks, perfectmoney looks better alternative. I can't say anything about skrill because they are now charging yearly fees.

Dominos, pizza hut and few other food chains are already collecting food preference as per mobile number and address. So this sort of stuff though looks good but is annoying. e.g. if you buy X product like hair dryer from flipkart, then they will send you monthly emails about hair dryers and other products in same category. I don't understand why this sort of tracking has to be dumbed down. I mean just because i purchased one prodcut this week doesn't mean you should send me same product news every week.

Such data in the hands of government and the corporate companies is quite dangerous.

I am not sure if webmoney has any exchangers for india. That would be another thing to see.

edit: just realized you have one link to exchanger in footer.

I tried bitcoinplus pool and installed their code on blog too. I think such website based java applets dont earn much. So thinking about if any mining pool has portable application.

I have lost more than 100 USD in LR. I know that there are many other indians who lost more. I am moving towards Payza and BTC now.