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Author Topic: Which banks are used by bitcoin exchanges in India?  (Read 3239 times)
TigerMart (OP)
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January 15, 2017, 05:15:45 PM
Last edit: February 16, 2018, 06:14:47 PM by TigerMart
 #1

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?

Update
ZebPay - Axis, HDFC, ICICI, Yes Bank, Central Bank of India, Bandhan Bank
Unocoin - State Bank of Mysore, DBS, HDFC and Kotak Mahindra
Coinsecure - Axis, HDFC and Yes Bank
BTCxIndia - ?
Bitxoxo - ICICI, HDFC, Yes Bank and Axis.
PocketBits - ?
Coinome - ?
Coindelta - ?
Koinex - ?
Wazirx - ?
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January 16, 2017, 12:14:44 AM
 #2

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?
I dont know about others but Zebpay is using Axis and Hdfc banks but what difference does it make that which bank they use.You can send funds from any bank and withdraw funds to any bank in India.
bitcoinisbest
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January 16, 2017, 06:39:54 AM
 #3

You can also use ICICI bank as well. They were the first bank in India to test the blockchain technology couple of months ago and successfully tested it also. After that there were other few banks who have started and done testing.
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January 16, 2017, 01:32:12 PM
 #4

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?

Any of specified bank their customer prefers to use. If customer prefers HDFC then HDFC or if AXIS then axis. As far as exchanges (like coinsecure or btcxindia) are concerned then mainly buyers set preference for bank.
 If you mean  what bank these exchanges prefer to purchase bitcoin then it is better to contact them directly.

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January 16, 2017, 04:06:01 PM
 #5

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?

I think all banks can be used to transfer the amount to this exchanges and even withdraw to any banks. Their is no particular about which bank to be used or not.
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January 17, 2017, 05:59:32 AM
 #6

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?

I think all banks can be used to transfer the amount to this exchanges and even withdraw to any banks. Their is no particular about which bank to be used or not.

Well certainly you can use any bank to make transfer and withdraw but ideally not all banks are same. There are many restrictions for new beneficiary addition, cooling period once you add new beneficiary or is it instant. Per day of new beneficiary addition , IMPS fees etc.
TigerMart (OP)
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January 19, 2017, 02:29:43 PM
 #7

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?
I dont know about others but Zebpay is using Axis and Hdfc banks but what difference does it make that which bank they use.You can send funds from any bank and withdraw funds to any bank in India.
Thanks. OP updated with your info.

I think, users of other exchanges will have info about the bank those exchanges are using.

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January 19, 2017, 02:33:29 PM
 #8

Unocoin holds account in
State Bank of Mysore, DBS, HDFC and Kotak Mahindra.
SBM is their Primary bank.

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TigerMart (OP)
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January 19, 2017, 02:38:23 PM
 #9

Unocoin holds account in
State Bank of Mysore, DBS, HDFC and Kotak Mahindra.
SBM is their Primary bank.
Thanks a LOT. OP updated with your info. Does DBS mean Development Bank of Singapore?
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January 19, 2017, 02:49:14 PM
 #10

Unocoin holds account in
State Bank of Mysore, DBS, HDFC and Kotak Mahindra.
SBM is their Primary bank.
Thanks a LOT. OP updated with your info. Does DBS mean Development Bank of Singapore?

Yes its Development Bank of Singapore.

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January 20, 2017, 03:49:08 AM
 #11

Zebpay has banking partnership with AXIS, HDFC, ICICI, Yes and few more for back end processing.

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Mahin
Zebpay

Download Zebpay Fastest way to Buy / Sell Bitcoins in India
Transaction processing within one working day and best bitcoin rates | Recharge airtime & buy vouchers of Amazon, Flipkart, Domino's at great discounts
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January 20, 2017, 04:15:09 AM
 #12

Coinsecure uses AXIS , ICICI i guess . Smiley

TigerMart (OP)
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January 20, 2017, 06:49:10 PM
 #13

Zebpay has banking partnership with AXIS, HDFC, ICICI, Yes and few more for back end processing.

Regards
Mahin
Zebpay

Thank you. OP updated with your info.

Coinsecure uses AXIS , ICICI i guess . Smiley

Is it just a guess or you have this info as a Coinsecure customer?
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January 21, 2017, 04:24:21 AM
 #14

Coinsecure uses AXIS , ICICI i guess . Smiley

Is it just a guess or you have this info as a Coinsecure customer?

They use Axis, HDFC and Yes bank as of now.

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January 21, 2017, 04:48:39 AM
 #15

Bitxoxo uses ICICI, HDFC, Yes Bank & Axis.

I feel this info is immaterial though.

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Blackshadow007
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January 21, 2017, 06:07:21 AM
 #16

Zebpay has banking partnership with AXIS, HDFC, ICICI, Yes and few more for back end processing.

Regards
Mahin
Zebpay

Thank you. OP updated with your info.

Coinsecure uses AXIS , ICICI i guess . Smiley

Is it just a guess or you have this info as a Coinsecure customer?

I am CS customer and i didn't check much for other bank since i used Axis with them . You use any bank but their company bank accounts for deposit are AXIS and HDFC , Yes Bank Smiley ; so if you use these banks for trade then you get more faster withdrawal and deposit to CS Smiley

TigerMart (OP)
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January 24, 2017, 07:46:59 PM
 #17

Coinsecure uses AXIS , ICICI i guess . Smiley

Is it just a guess or you have this info as a Coinsecure customer?

They use Axis, HDFC and Yes bank as of now.

Bitxoxo uses ICICI, HDFC, Yes Bank & Axis.

I feel this info is immaterial though.

Thank you so much for providing all these data.
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April 26, 2017, 01:10:38 PM
 #18

Are BTCxIndia & PocketBits operating without any bank?

Cleaning BitcoinTalk India since 2014.
vaibhavsingh
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April 27, 2017, 10:28:24 AM
 #19

Are BTCxIndia & PocketBits operating without any bank?
looks like it  Grin
but still doesn't matter, most of them partner with private banks just for making profit.  Sad

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April 27, 2017, 04:50:37 PM
 #20

BTCX India have stopped thier operations till the time full clarification is not prevailed in India . Once the law is formed and restult is out then they will resume it .

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