KROGYAN : The Bitcoin Exchange for INDIA (Better than Virwox)

[legendster]

UPDATE :
KROGYAN IS DEFUNCT.
ALL INVESTORS ARE PAID BACK IN FULL.
Domain/Dedicated servers are released.

[1714026169]

1714026169

[1714026169]

1714026169

[1714026169]

1714026169

[buysellbitcoin]

Hi guys,
I m pretty new to Bitcoins.
Began researching about 3 months ago, joined in about few weeks ago and yes I was lucky enough to buy some coins during the crash.
As of late I have got many offers to buy and sell coins and was mostly offered by my countrymates, which leads me to the conclusion that they have faced similar problems in buying coins as i have.

My biggest problem is that the Bank account I operate has no Swift or IBAN number a BIG issue.

So I've been thinking about this little forum exchange that I can operate through here - on Bitcointalk.org
Basically I will charge a little fee initially to support my buying capability and as time passes on I will reduce the fee.

ABOUT THE EXCHANGE AND HOW IT WILL WORK

You must send me your request/quotation here ( NO private messages )

So lets say you want to buy Bitcoins worth Rs 5000 (~ $100)

If you want to BUY coins from me through Bank Wire / NEFT I will charge Rs250 (Fixed)  as bank Charge and + 5% of Current Mt Gox Rate.

If you want to SELL me your coins through Bank Wire / NEFT I will charge Rs 300 (Fixed) and - 6% of Current Mt Gox Rate.


For International guys - I will also accept paypal but you will have to wait for 5 ~ 6 Days before I can send you any coins, in that case I will charge +5% for Buy & -6% of that day's MtGox rate and + $ 2.5 (Fixed)



*Moderators and senior traders let me know what else I need to offer to get this going.

Everything else is fine, but do not accept Paypal, IT WILL fail no matter how much precaution you will take.
Best of wishes..

Cheers

[Benson Samuel]

Would be nice to see some successful sales.

[legendster]

Everything else is fine, but do not accept Paypal, IT WILL fail no matter how much precaution you will take.
Best of wishes..

Cheers

But as Soon as I get a paypal amount I am going to transfer it to my bank.
No way they can reverse any money from the bank can they ?

[legendster]

Would be nice to see some successful sales.

Yup SALES is the right term. Waiting for the first quotes Hopefully some of the people that messaged or talked with me on the phone will see this and respond

HOPEFUL

[Benson Samuel]

Everything else is fine, but do not accept Paypal, IT WILL fail no matter how much precaution you will take.
Best of wishes..

Cheers

But as Soon as I get a paypal amount I am going to transfer it to my bank.
No way they can reverse any money from the bank can they ?

No, but they can block your PayPal account if they know that you are doing trx in BTC.

All it takes is for 1 silly sender to type Bitcoin in the comments and your account is blocked.

Not worth it for me.

[legendster]

Everything else is fine, but do not accept Paypal, IT WILL fail no matter how much precaution you will take.
Best of wishes..

Cheers

But as Soon as I get a paypal amount I am going to transfer it to my bank.
No way they can reverse any money from the bank can they ?

No, but they can block your PayPal account if they know that you are doing trx in BTC.

All it takes is for 1 silly sender to type Bitcoin in the comments and your account is blocked.

Not worth it for me.

Wow didnt know that O_O
But I will be the one sending the invoice and we'll see how things go from there.
In anycase that is a special case.

[buysellbitcoin]

Everything else is fine, but do not accept Paypal, IT WILL fail no matter how much precaution you will take.
Best of wishes..

Cheers

But as Soon as I get a paypal amount I am going to transfer it to my bank.
No way they can reverse any money from the bank can they ?

No, but they can block your PayPal account if they know that you are doing trx in BTC.

All it takes is for 1 silly sender to type Bitcoin in the comments and your account is blocked.

Not worth it for me.

Wow didnt know that O_O
But I will be the one sending the invoice and we'll see how things go from there.
In anycase that is a special case.

1. Your Paypal balance will auto withdraw to your bank account every day even if you will not withdraw it.
2. Even if you have zero balance in your Paypal account and someone claims charge back, your account will be blocked, will have negative balance and some one from Paypal will contact you for payment. It can go upto including your bank in the loop for recovering funds. Since they already have your PAN card and bank account details, this information will be passed to your credit report too.
3. In case that does not happen and as Benson mentioned some one mentions Bitcoin in there description, your account will be blocked for 180 days and Paypal will enjoy 0% loan from your money for 180 days.

Frankly speaking Paypal ( Any method that can be charged back ) is not worth all this trouble.

Cheers

[legendster]

OK then Making the Changes.

Good news is however just conducted the 1st Transaction on this forum.
http://blockchain.info/address/17iP2PPMMMyoAHCeB79j2KSQqD6c47pVvX

To the user "Fifth_ID"

Small but 1st

[Fifth_ID]

My first transaction in crypto currencies connected to bitcointalk.

Far lower cost to me than localbitcoins and Virwox.

It's a small transaction but I may invest more in bitcoin once silver bottoms out.

[legendster]

I have taken the last sell order this week, unless I am able to transfer some cash back into gox I wont be able to "Sell" any more.
However I am still open for "BUY" offers, so if you want to sell your coins, let me know.

[legendster]

Another Success.

[axorb]

I can vouch for legendster . Honest seller , quick to respond. Will do more business with him . +1
 

[Benson Samuel]

Volume of business?

[axorb]

Volume of business?

Around 0.5 btc , a small transaction but a successful one

[Benson Samuel]

Volume of business?

Around 0.5 btc , a small transaction but a successful one

I like micro sales. That is an awesome future for Bitcoin!

Any financial traders who can work with an investment? That would interest me.

But I guess this will happen organically post Money Today's publication on April 25th.

[Dragooon]

If I do a bank transfer via my HDFC account, what amount will you charge (relative to the current Mt. Gox price)?

[legendster]

Thanks to all my buyer's & Benson's support.

I can accept any bank's deposit @Dragooon

But my rates are +15% Mt Gox

I'll lower the rates by 1% - 2% provided my deal with a popular exchanger for both btc-e & mtGox work out, where I pay them through my debit card.
I know its not supported by many & many will yell at my face & accuse me of lying or whatever but trust me I m trying my best to work it out with them ..


HOPEFULLY things will work out soon.



*I have big plans*

[legendster]

If I do a bank transfer via my HDFC account, what amount will you charge (relative to the current Mt. Gox price)?

Have you read my listing completely ?

https://bitcointalk.org/index.php?topic=176877.msg1841315#msg1841315

If not please read it.

Current MtGox coins are not available.

But I am willing to sell some at + 10% of Virwox rates

Next week I *Might introduce Btc-e rates.

[legendster]

BUMP