[BitOcean] Bitcoin exchange India [Closed]

[Dashing]

allowing CC/PP is not possible at all, and never will be, as it can be charged back.


Yep :/ Working as fast as i can to get it online, finishing off the "picking best rate from 3 exchanges part"

[legendster]

I think virtex, bitstamp and btc e  are fairly stable.. trading continued even after mtgox was down.. however mtgox is updating there servers so it should perform much better..

I think we'll also use Bitfloor (just to base values off)

Anyways, im almost done, so if the domain is decided by tomorrow we all can buy BTC at low rates

I can help you find domain names. What kind are you looking for?

Selecting a domain name based on 'btc' or 'bitcoin' wouldn't be very future proof since you'll be dealing in all kinds of currencies. You could have a custom name like 'mtgox' which is a short for 'Magic:The Gathering Online Exchange'. Agin, there is no dearth of indian names like that but make sure you choose some name with (a) 2-3 syllables max and (b) should not confuse the user as to what the spelling could be ("..was it 'amir' or 'ameer'?..")

If you would like to go for oldstyle names follwing domain names are available to buy :
crytoindia.com, desicoin.com, coindesi.com, moneydesi.com, desivirtual.com, coincrypto.com, indiacrypto, cryptovirtual, indialet.org, coinly.org, coinlet.org

Anyways it has been seen that once a site gets famous even obscure difficult things dont matter. For example the hyphen in btc-e. But if you do use hyphen,dot etc either use a very small word or use a famous english word like del.icio.us.

Tell me more and I willtry to find you more domains.

Please launch quickly! I need to buy while the rates are down..  

ANYONE in India is welcome to buy from me

[Fifth_ID]

When BTC on mtgox is less than 80 USD, it costs 160 USD to buy from a trustworthy seller on localbitcoins. I hope your website could have been up today. I like to buy BTC at around 60 USD a piece or 3,000 INR a piece.

The electricity cost of someone with an Avalon to produce BTC is 600 INR a piece.

[Amitabh S]

I think virtex, bitstamp and btc e  are fairly stable.. trading continued even after mtgox was down.. however mtgox is updating there servers so it should perform much better..

I think we'll also use Bitfloor (just to base values off)

Anyways, im almost done, so if the domain is decided by tomorrow we all can buy BTC at low rates

Please launch quickly! I need to buy while the rates are down..  

+1

[lighting]

it seen good about Bitcoin exchange good work dashing 

[Benson Samuel]

Missed you at the event today Dashing.

[divyanchris]

hello guys

im divyan, i am also very keen on buying bitcoins and i would love buy some in india, i've been looking nearly everywhere for someone in india to buy at a reasonable price, i will keep following this thread as i am very serious about buying. when do you think you will be up and running?, im looking to buy some maybe this month or by the beginning of the next month. hopefully the prices drop by then. what do you say oh and i am located at mumbai.

[Dashing]

Hey guys, sorry for the delays and lack of updates .. we have got the domain - BitOcean.in
Anyways, we will be launching the website within 12 hours..   

[skang]

Hey guys, sorry for the delays and lack of updates .. we have got the domain - BitOcean.in
Anyways, we will be launching the website within 12 hours..   

tasty!

[legendster]

When BTC on mtgox is less than 80 USD, it costs 160 USD to buy from a trustworthy seller on localbitcoins. I hope your website could have been up today. I like to buy BTC at around 60 USD a piece or 3,000 INR a piece.

The electricity cost of someone with an Avalon to produce BTC is 600 INR a piece.

I was offering 85-ish a day or two ago, even sold some.
Now I m offering MINUS 10 from the high of Mt Gox.

[Dashing]

Done, signups are open

[Amitabh S]

Nice job!! Can you explain how to use western union? I tried witn www.westernunion.com and it does not allow me to send from India.
Also would appreciate some contact details etc about who is running the exchange. How many people, etc.

[Benson Samuel]

You have to go to a WU center.

[rezurect]

Good work.
Hope LTC and other alts are on the way.
Sending & Receiving coins via Wallets for trading would be nice.

[Dashing]

Thanks for the feedback guys, a few more changes will be rolled in tonight once i've finished with the local testing,

BTC deposit addresses will be added to your accounts in a few minutes, just generating a few addresses (cold wallet)

Alt-Coins are a possibility, but we'll have to see the demand before adding them as that'll again be a completely different thing to implement. So mostly will be limited to LTC if added.

[Fifth_ID]

Using a PIN is easier to remember than a withdraw hash.

Is there a way to send INR to western union without leaving the house? I don't have a bank account with the banks listed as Western Union agents.

I'd like to be able to fund the account after 6pm and even NEFT bank transfers aren't available after 6 pm.

It's nice to see the site up and running

[Benson Samuel]

Atleast LTC would be an awesome addition as it provides an entry point for people who can still mine them.
That aside.

Is it possible to add a trollbox? or is that asking to be DDOS'd?
How long is a trade request valid for? Ex. If I place a sell order for 1BTC at 20K INR, how long will that stay in the order books?

[Dashing]

Okay, Now here's the important things,

None of the accounts have a withdraw hash :/ now I know the fix to it, but i'll have to flush the DB again for that :| which means everyone will have to signup again :/ my bad again, should have tested this out well :/

I'll change it to account pin as suggested above, closing signups agian :/

Deposits for INR will be open from Tomorrow Morning (10 AM) through WesternUnion and Bank account (NEFT) from Wednesday onwards (if all things go well)

[Fifth_ID]

+1 for PIN and NEFT

If things go really well, you could add billdesk support for 24/7 INR deposits. User chooses from a list of deposit amounts and pays for that via bill desk.

[dishwara]

No one can send money from India using western union.
India can receive money through WU, not send.