Sad to know that you forgot you had some old notes that too work 50 k  . Well very few options left for you unless you know some NRI who can do it for you. |
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If someone sells 100 bitcoin and get inr for it,how would he show this income for taxation purpose?.
Can he mention bitcoin or should it be just digital asset?.
How would tax be detucted in either case?
Well for 100 btc he has means from where did he got it if he has purchansed it then different between buying and selling price accordingly it will be tax in which slab rate it fits in during the year. |
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It's worthless. I've bought $100 worth of BTC and they've given $92 worth of it (Remember; there cut is 8%)... Not only this, one has to pay currency conversion fee (INR > USD/EUR) which adds up to 2.5%, so in total one has to pay roughly 10.5 to 11%. To hell with profits, I'm feeling at a loss here
This makes me ask; where do you guys buys BTC from? I've had a look at LocalBitcoins but is there any other option?
How is your experience with moneypolo Is there any better option that I'm missing out for Indian buyers?
How do you buy from Moneypolo, do You make bank transfer or payment is done through debit/credit card? Localbitcoin is good if you know that seller/buyer is genuine or else can try Indian exchange. |
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I am interested in buying bitcoin.My budget is 20,000 INR.Payment can be made through Bank,paytm or mobikwik.
Post your best offer here.
Hello sharma. Why you didnot try to paxful or localbitcoins site?? Both of the sites are safe and sequre. There have a lot of payment processor. You can easily buy & sell your Bitcoin using your local currency. Take a look over those site. Hope you will be able to buy bitcoin easily. Hi, Does Paxful have the option of getting payment in INR? When you sell in LB you can get INR but how about Paxful, can somebody make payment in INR in bank account? |
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Thanks for the information. You mentioned about Android app. What about non Android app, is that app available for non-android phones as well or not yet? Kindly share if any one is aware about it
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Hi,
Kindly make a note of change in my btc address .
Previous was : 1H5psmYShdABDn8QR2QoEmHZNjvvUJtN6i
Going Forward : 1MrYvcLW6WHePxF6FL7KTrBubtxRMKcYvV
Thanks
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There is a long way to go for bitcoin adoption in India. A fraction of fraction from India are investing in bitcoin. Again bitcoin is still considered as investment. That buy n keep it. Banks have larger role in day to day life of people n business. As far as digital payments are concerned they will fall back and people will return to the cash oriented business. From 14 march 2017 onwards there will be no limitations on withdrawals.
The government will come up with a new strategy to crunch the cash flow and restrict people from using paper currency,basically for the digital payments to be implemented they have to upgrade the basic facilities as you wont get a proper speed for the internet connection compared to the rest of the world or a good mobile phone reception in most parts of the country and how they expect people to shift entirely to digital payment. This is right only by pushing will not happen to digital payment. Because the basic facility like roads, network, toilets, public transport in majority of villages doe snot have it. So this will be a big task for any government. |
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This will effect the bitcoin price because restriction in China means dumping of coins by people and since they hold majority prices tend to fall of Bitcoin in coming time. Not a good sign.
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Seems no body knows about this site in terms of genuineness and also seeing its order book. Not much order. Well probably the promoter buy/sell order itself may be placed on them  If any one hears anything about it let us know. |
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That's good that its sold. What rate were you ale to sell it of and was it on localbitcoin or any if the Indian exchanges? How much it was higher then the preev price or.
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Thanks for the information. Could you tell us how are you related to the site and also dont you thinks its duplicate to already existing bitcoinrates ? Is there any difference between both?
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Effects of demonetization are fading away and life is getting back to normal for average people. From Feb there will no limit on cash withdrawal from Current account (good for business).
There are no more long queues outside ATM anymore.
After a stupid move by the government i do not know whether they profit anything from it.Now i heard they are planning to implement tax for withdrawing big amount of money from bank.I do not know where things will be moving with these sort of stupid rules and regulations to milk the people. This is not a stupid move, this is tyrannical move. First create cash crunch then force people to online/digital payment mode. On this digital transactions levy the charge. Honest tax payers are openly abused by banking systems with help of Govt. The problem with these sort of tyrannical move is that people find a better way to invest their money rather than putting them in the bank and if you look at the interest for bitcoin in India has increased after the demonetization,the government plans on forcing people to use digital payment but it has to come gradually and never push people to do something,it might back fire because what if people stop depositing in bank and find alternative sources. Well yes there will be different alternates that may come in the process and which may be good per say as well for all the country wide people. Well some may not be in the sync with the governament policies and then their will be formal rules and regulations in place for those. |
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There is another thread of Hero Member itself who is looking to buy btc. SO it would be ideal if you can contact him and buy/sell transaction is done. Both of them are Hero so check who will go first etc. https://bitcointalk.org/index.php?topic=1781444.0 |
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RBI is removing the limit from Savings Bank account from 13t March . They issued statement yesterday where limit will be enhanced to Rs 50,000 per week starting 20 February and the restrictions will be abolished from 13 March.
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In terms of fees I would say Zebpay is the best because its 0 fees out there. Also from past month or so slowness is being observed across everything from site, withdrawal, verification etc.
May be some of them will shift to other as we have Bitxoxo capturing some market as well and its 24*7 as well.
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I do not think anybody will be willing to buy at preev+10% because preev is currently 71800 and CS is selling at 72500. So then let us know why should somebody pay you preev +10%?
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It was like a burden on my head, now I'm relax  Happy to see transaction got reversed to original account. Finally they took the amount which they had credited. Did you got any mail as a reply why this happened? Also awaiting to hear from @ rsarkar who also had got credited the amount, if its being debited back from his account or not yet? |
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Congrats and another site for Indians to buy/sell btc.
-Where can I find on website who all are involved in this?
- Also your price is exactly at par with Zebpay and Unocoin. If this will persists in near future as well so why will people leave Zebpay/Unocoin which is registered couple of year back. Foe Sunday who require it may use your site. As they would also be focusing now on quick withdrawals
- So are you also planning to launch signature campaign in coming time so spread the word across forum?
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Nowdays users are facing quite a few issues with CS. This was never before some time ago. Is it due to less people or how many users suddenly registered on their website that is causing so much delay. Hope everything is well @ CS
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Sometimes it seems like bubble from Real-estate. Where builders increased prices so get bigger share, and customer kept on buying because prices will keep rising. More purchase more price rise, vicious cycle ran for quite some time and then bubble bursted.
Unless there is better option of buying bitcoins from international market, locals will keep on pushing for more profit.
It is similar to share market or property buying/selling .people invest as to get profit.there is advantage on seller side as they can sell btc at high rate than international exchange and disadvantages on buyer side but its is more convenient than buying on external exchange. Well for Indians there is no advantage/disadvantage because you buy from India and sell in India. As you cannot afford to buy from International markets due to the laws governing and also there are huge fees for making transaction though cards, withdrawal fees etc. |
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