I  could totally do preev rates.

I have been using HDFC for my trading requirements, and the only downside of them was a 30 minute cooling period before i could transfer money out. But now they have a restriction of 10k rupees by IMPS for 24 hours, and 25k for 48 hours and then no limit. So i was wondering which is the best bank account for bitcoin trading in India.

The parameters would be zero cooling time, no limit on 1st transaction, no limit on adding beneficiaries, no limit on transactions using MMID and mobile number, and preferably no limit on daily transaction volume as well, as again HDFC limits to 10 lac in a day. help would be highly appreciated.

apparently there is not much money in generating solar energy, unless you have govt. subsidy and on top of that have someone to sell the power to at a good price. the rate of return and duration of return do not warrant the large amount of investment required.

How are you providing low value declaration. Is it legal? will you clear the customs and deliver it, or are you going to ship it declaring low value, and do you really think the customs are fools, who will not apply real value?

wish i had seen this earlier. needed 10k flipkart. now not required

sounds pretty interesting. if that is the cost of electricity, then some profit can be made.

location of land? electricity cost in area?

Added money to unocoin before being able to purchase, said deposit will take between 2 hours to 24 hours. i was okay with it. price was 20600, eventually had to buy when price was 21200. no problem. exactly what your website said happened and i was fine.

bought 1 btc at 21200, website said immediate transfer to address mentioned. and just like it said, 1 btc showed up in my wallet. perfect.

so i spend the rest of my money, buy approx 5 btc, and expect transfer to happen immediately, like your website says. but it didnt. not for the next 8 hours.

This is not what is said on your website. btc price fell 15 usd in the meanwhile. Not acceptable.

https://bitcointalk.org/index.php?topic=1242915.0

This thread pretty much answers the question. There are a lot of sellers of BTC and buyers are just not interested in buying at market price, when they can get it much cheaper. today if you want to buy btc at preev rate, you could easily pick up a 100 BTC within 30 mins. but if you put an ad out at preev - 2000, you would still be able to pick that amount of btc.

I can vouch for dizz and techsuvidha. huhuren seems to be a chinese dude, who has a friend in india who transfers money.

P.s. I also have 1000+ with 100%.

I think it has something to do with the account number actually being a name. i honestly found it quite funny. And the other part being, i think the other time i tried doing an IMPS to icici, it got rejected. So never bothered with it and always transfer into axis.

Aren't there already services like these for other companies?


Thank you for being open. much appreciated.

if you all keep adding banks, it will create only hassle for you. as consolidating money across various banks will be so much hassle, you all will end up moving money between your own accounts only. I am sure you all have data as to the banks majority of your customers use. Just pick the top 2-3 only

 I have a suggestion for all entities involved here. We should select 3-4 banks. doesnt matter who they are, have a vote and decide and all exchanges, coinsecure, btcxindia, unocoin, zebpay, igot have accounts in those banks, and so do the customers.  if 3-4 is difficult, choose between 1-2. what happens then, is that payments outside banking hours are possible, they are free, as bank-bank is free of charge and it happens instantly.

   Possible?

 

For Weekends, if you need INR deposits and withdrawals, BTCXIndia is the only option. Got a deposit done at midnight yesterday(though not a weekend), and a withdrawal was processed at 130 in the morning.

Your only other option for weekends is localbitcoins.

Coinsecure and Unocoin have bank issues. They get too much volume, and are unable to handle it.

And its funny, as BTCXIndia had actually shut operations for a while, as they had bank issues, but they came out much stronger than before. Both Unocoin, and BtcxIndia use HDFC bank as their banking partners, so the situation should be the same for them.

If i am not wrong, Zebpay does process on weekends, although i would like to add the word, "sometimes" to that.

this thread is the closest it gets to post what i am posting. The last month, with the way things have been going, i have a feeling india is maturing as a market, to fix bitcoin price as a function of demand/supply rather than just following the big foreign exchanges. We are moving towards price discovery, and that speaks a lot of a more maturing market, and this is indicated by the rise of volume across all exchanges. Although the almost 1000 rupee discount on buying and 2000 rupee discount on selling compared to the foreign markets may look like a dampener, but the bigger concern is the massive spread of about 1000 rupees between buying and selling. (data using average data on bitcoinrates.in)

hmmm, it appears that they transfer directly to bank account, but in my experience with banks last 2 years, if they would request a charge back, the bank would have gone all out to block my account and what not. the banking system is so bad, i cant tell you, its the only reason i think bitcoin has a future.

haha must be, the payment service looks decent, i had a look at it, but the way he spoke, smelled of a scam. i just couldnt figure out how he would do it.

Hi, everyone been hit 2 times today, but ip's based in the uk and us, asking to make payment to my hdfc account using a payment service called xoom. the first guy had only 1 trade, when i asked him for documents, was going round and round as to how good the payment service is, but did not provide any documents. asked him to cancel, as something seemed wrong. as soon as he cancelled, within 5 min someone with a us ip sent me a request, asking to transfer money via xoom.

havent traded, but just wanted to know, this looks suspicious. just though would give everyone a heads up. i could be wrong, though.

For selling on bitquick, you need to send your bitcoins to bitquick first, then when someone comes and buys it, and when you confirm that you have received payment, then bitquick releases the bitcoins to other party. This is not what you have mentioned. there is a possibility you may have been scammed.

Debit cards carry a charge of about 2.5% for the merchant. people may sell but at worse prices. IMPS costs about 5 rupees a transaction.