Bitcoin India Accounts Locked Out for a Month? Unlike banks that have some oversight in how they can control one’s access to their accounts, cryptocurrency exchanges are a law unto their own. Traders using Bitcoin India have found this out the hard way as the exchange has locked them out of their accounts for up to a month. According to Factor Daily, Bitcoin India, founded in 2014 and headquartered in Andhra Pradesh’s Prakasam district, is one of the few exchanges in India that supports multiple cryptocurrencies, including Bitcoin, Ether, Dash, Litecoin, and others, in addition to the mining contracts that it offers.

 bitmain wont refund for the orders they did not deliver? Shipment will be arranged after order is fully paid Order cancellation/refund request won't be accepted once order is confirmed For bitcoin payment, please just follow the one provided in orderFor USD wire, the below account is our ONLY official account .

Koinex fake withdrawal status? But not all exchanges disclose the fees they apply on their websites, however Koinex presents its charges in a clear and accurate manner. It has a tiered trading fee schedule and charges Seller and Buyer fees, based on users’ trading volumes.

 How Indian Bitcoin Exchanges verify KYC? If your up-front customer or third-party vetting processes aren’t airtight, you may be letting in bad actors or exposing your organization to risk from hidden relationships. And if you haven’t properly connected the dots of all risk relevant information around your business relationships, you won’t know where to apply extra due diligence when high-risk activity is detected down the road.

 The Best Bitcoin Exchange in India? The best bitcoin exchange in India is Coinsecure Why? when it comes to Indian Bitcoin websites, Coinsecure is the idlest option. Unlike Unocoin or Zebpay, Coinsecure is a dedicated Bitcoin exchange based out of India. Apart from Indian citizen, it also accepts signup from a user outside India. One of the thing that I like most about Coinsecure is their spread.

Electricity cost in India? The cost of electricity can be divided into plant-level costs, grid-level costs, and other costs. Plant-level costs consist of capital, operation and maintenance, and fuelling cost. Capital cost is reflected in the cost of generation by way of interest on debt and return on equity. For nuclear power plants, capital cost is high, but fuelling cost is low. For coal-fired power plants, capital cost is low, but fuelling cost is high. The capital cost of solar and wind is continuously decreasing; fuelling cost is nil.

Foreign Bitcoin Exchange ? When it comes to finding the best bitcoin exchange things are not all that easy. Why is this so? Simply because many of the best sites to buy bitcoin are rather recently online. This means that they have had little to get the word out about their services and products. Most people coming to this page will be asking how to buy bitcoin online through a secure means. Well, here is a good starting point.

Well, what was claimed to be an Independence day for Bitcoin turned out to be a candy treat for bitcoin holders with most of them receiving their shares of new Bitcoin cash BCH coins. In short it means that if you hold Bitcoins, after the split/fork, you will have both BTC and Bitcoin cash balances in other words, your coin holdings will double but careful because some of the bicoin users are not safe.

Safe storage BITCOINS for Indians ? Cryptocurrencies can feel secure, because they decentralize and often anonymize digital transactions. They also validate everything on public, tamper-resistant blockchains. But those measures don't make cryptocurrencies any less susceptible to the types of simple, time-honored scams grifters have relied on in other venues. Just this week, scams have arisen that divert funds from users' mining rigs to malicious wallets, because victims forgot to change default login credentials. Search engine phishing scams that tout malicious trading sites over legitimate exchanges have also spiked. And a trojan called CryptoShuffler has stolen thousands of dollars by lurking on computers, and spying on Bitcoin wallet addresses that land in copy/paste clipboards.

India may ban Bitcoin? The Interdisciplinary committee report on cryptocurrency, submitted three months back, has sought a complete ban on cryptocurrency, reports ET citing unknown government sources had already reported over the ban speculations, it had also filed various RTIs seeking government’s current understanding as Bitcoins led cryptocurrencies’ market penetration has been increasing exponentially in India. In its response, the government had maintained its status quo which is in sync with  RBI’s statement dated December 24, 2013. RBI had cautioned the users, holders and traders of virtual currencies including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.

Prime Minister Narendra Modi will visit Silicon Valley later this month. But over 137 US-based academics and intellectuals have already filed a petition to the Silicon Valley Enterprises expressing concern about Modi and his ‘Digital India’ campaign. Some of the same concerns would have surfaced in all likelihood under any Indian government.These concerns are magnified given Modi’s record on freedom of expression leading me and my colleagues to have apprehensions about a process of digital consolidation that can lead to further breaches not only of privacy but of individual security.

How You All convert your Bitcoin to Cash? As soon as someone places a matching buy order, the exchange will complete the transaction. The currency will then be credited to your account. The downside that accompanies this ease of use is that, if you are selling bitcoin for fiat currencies, you will need to withdraw those funds to your bank.

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What are some of biggest hurdles that startup bitcoin exchanges in India face? To state it from a user perspective, Bitcoin can be considered to be cash for the Internet. While there are or have been at least 110 other digital currencies, Bitcoin accounts for 77% of the market value of all digital currencies and an even higher percentage of digital currency users credits to Pantera capital.
To help you out with the hurdles you must go through to establish a Bitcoin startup in India, I am citing down a few points Business Registration You can set up such business as a PVT. LTD. Or LLP or OPC company. KYC Norms KYC Norms are the norms set by the RBI that require banks to continuously monitor their customers’ transactions.Abide by the principal laws concerning Bitcoin:The Constitution of India, 1950The Foreign Exchange Management Act, 1999 FEMA The Reserve Bank of India Act, 1934 RBI ActThe Coinage Act, 1906

My predictions of bitcoin price in india in 2018? In 2014, one of the more infamous Bitcoin VC’s, Tim Draper, predicted that the price per Bitcoin will hit $10,000 USD by 2018. We decided to revisit this prediction to see if it looks any more realistic two years in.Throughout the years, various experts have tried to predict the Bitcoin price, and most of them have failed miserably. Unlike other financial assets, Bitcoin is traded on the free market, which is exposed to many different influences. This makes it all but impossible for anyone to correctly predict the price at any given time.But none of that is keeping VC Tim Draper from giving it another shot. Enthusiasts may recall how in a 2014 interview, Draper stated how he envisions Bitcoin to hit a $10,000 USD per bitcoin by 2018. Most people will agree this is quite a bold statement, although, given its 2013 bull run as it reached $1,200, it’s not entirely outside the realm of possibilities either.

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We Don't Recognize Bitcoin Or Other Cryptocurrency As Legal But with virtual currency gaining traction among investors, Finance Minister Arun Jaitley on Thursday said India does not recognise crypto currency as legal tender.Bitcoins were in news recently after a massive global ransomware attack 'WannaCry' hit systems in over 100 countries. The cyber criminals demanded a fee of about USD 300 in crypto-currencies like bitcoin for unlocking affected devices.

How to get cryptocurrency ? Most Indian exchanges only support INR to BTC conversion. So if you want to buy any coin then then BTC from INR, you first have to buy BTC. You can buy BTC from Zebpay or Unocoin.Once you have BTC then I can tell you how to buy other coins at a cheaper rate. You can get best exchange rates at CoinSwitch. You go to www.coinswitch .co and exchange it. CoinSwitch is an exchange aggregator platform, where they fetch rates from multiple exchanges and allow you to buy at best rate. So you will always get the cheaper rate and You cannot buy most of the crypto-currencies directly against INR in india First you’ll have to buy bitcoins (which you can buy against INR) only then you’ll get able to exchange those bitcoins with some other altcoin.