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1  Local / India / Unocoin has confirmed that it is launching crypto ATMs in India (details) on: October 18, 2018, 12:42:38 PM
Guys, it is a very happy moment for all crypto lovers in India, Unocoin is launching 30 cryptos ATM’s in India. There are many options to trade with crypto after RBI circular regarding crypto transaction but what Unocoin is doing is really good for all of us. My first bitcoin wallet and transaction was from Unocoin. When RBI circular was issued that time also Unocoin came with the crypto-to-crypto trading platform called Unodax. Unodax currently supports 4 base coins and over 60 crypto-to-crypto trading pairs. Now the company plans to deploy 30 machines in three Indian cities. These ATMs will help people to cash in and cash out which was not possible before due to the crypto banking ban imposed by the country’s central bank.

According to the CEO Unocoin, The first ATM will be operational in Bangalore…In the first phase, then they are planning to deploy 30  more machines…The first one is in Bangalore followed by Mumbai and New Delhi in the upcoming week.

The company explained that all customers of Unocoin and Unodax can deposit and withdraw rupees using the ATMs. They have some limitations for the deposits and withdrawal. The minimum amount for deposits and withdrawals is 1,000 rupees and must be in multiples of 500 rupees.

How we can Deposit and Withdraw INR Using Unocoin ATMs

To deposit INR, a user needs to enter his user ID and the OTP [one-time password] received as SMS on his registered mobile number. After confirming all details the user’s account will be updated and funds credited can be used on both Unocoin and Unodax.

To withdraw INR, the user needs to first visit the Unocoin website or mobile app and put a request to withdraw the specific amount. After that, a 12 digit reference number will be given to the user. Then we can go to the Unocoin ATM and put all the details along with OTP then we can withdraw the amount in cash.

How do Bitcoin ATMs work?

2  Local / India / Strange things happening in India about crypto, will it gonna ban or not? on: September 17, 2018, 05:55:41 PM
  • Very few people of India are aware about crypto currency and Majority of them knows only about Bitcoin. It's true that many are experts and knowledgeable persons but most people really don't know about the crypto in a good manner. Till now people calling even stocks market as a gambling. BELIEVE IN JUST SAFE INVESTMNET (LIC, BANK FD, PPF etc.)
  • Most of the people think crypto is like a ponzi scheme and people involved in that are scammers, nobody wants to take the risk and make profit by following someone blindly.
  • Many of us also have some terrible stories about ICO’s scam and Indian government is also aware of that and it’s difficult to regulate the ICO’s.
  • In demonetization govt. was not able to catch black money holders what they expected. But when those holders dive in the Bitcoin many get caught. Is this good or bad? What do you think?
Where there’s a will there’s a way
         Still, after all those things going as an Indian we still can buy and sell any crypto. Now the entire famous platform comes up with the new solutions.
  • Zebpay has now TrueUSD which is like Tether. I don't know how that works now. If anyone knows let me know. Huh
  • Koinex, Remitano, Localbitcoins, Bitbns all they have peer to peer system now in INR.
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