BitIndia Exchange

[BitIndia.co]

BitIndia: A wallet and a crypto exchange for the streets of India. BitIndia is the most convienent and secure way to buy,sell and secure cryptocurrencies in India.As Bitcoin and other cryptocurrencies are expanding throught the world, India is the next largest crypto market. The country with a population of over 1.3 billion people, a Gross Domestic Product of more than $10 trillion, daily bank transactions of nearly $50 Billion has the highest amount of daily banking charges of around $5 Billion. Due to the high banking rates prevailing in the country, people are moving towards digital currencies such as bitcoin,ethereum and ripple which are purely decentralised and do not involve any third party institutions saving nearly $4 Billion a day.
BitIndia would add huge diversity to the existing banking system prevailing in the country.

The BitIndia Wallet helps the users to buy and sell Bitcoin, Ethereum and Ripple with the help of the local currency. The Bitindia Exchange would help the users to easily trade cryptocurrencies in the most secure and fastest platform ever designed. BitIndia has a team of the most experienced blockchain developers that are currently availble in the country and has the potential to develop the biggest cryptocurrency exchange in the world. BitIndia has completed its development for the BitIndia wallet and will be launching the largest cryptocurrency exchange in the world: BitIndia by the end of 2017.  BitIndia Tokens will be traded against bitcoin and other cryptocurrencies as well as fiat currencies in BitIndia and other exchanges throughout the world.

The BitIndia Pre Ico is launching on 1st September 2017.

[warningsigns]

BitIndia: A wallet and a crypto exchange for the streets of India. BitIndia is the most convienent and secure way to buy,sell and secure cryptocurrencies in India.As Bitcoin and other cryptocurrencies are expanding throught the world, India is the next largest crypto market. The country with a population of over 1.3 billion people, a Gross Domestic Product of more than $10 trillion, daily bank transactions of nearly $50 Billion has the highest amount of daily banking charges of around $5 Billion. Due to the high banking rates prevailing in the country, people are moving towards digital currencies such as bitcoin,ethereum and ripple which are purely decentralised and do not involve any third party institutions saving nearly $4 Billion a day.
BitIndia would add huge diversity to the existing banking system prevailing in the country.

The BitIndia Wallet helps the users to buy and sell Bitcoin, Ethereum and Ripple with the help of the local currency. The Bitindia Exchange would help the users to easily trade cryptocurrencies in the most secure and fastest platform ever designed. BitIndia has a team of the most experienced blockchain developers that are currently availble in the country and has the potential to develop the biggest cryptocurrency exchange in the world. BitIndia has completed its development for the BitIndia wallet and will be launching the largest cryptocurrency exchange in the world: BitIndia by the end of 2017.  BitIndia Tokens will be traded against bitcoin and other cryptocurrencies as well as fiat currencies in BitIndia and other exchanges throughout the world.

The BitIndia Pre Ico is launching on 1st September 2017.

Very ambitious. And nice colors.

"will be launching the largest cryptocurrency exchange in the world"  let's see about that. The thing about some Indians is they love to exaggerate, often to extreme levels. This is another example:

"daily bank transactions of nearly $50 Billion has the highest amount of daily banking charges of around $5 Billion" Are you saying banks in India earn 10% ($5 billion) of transacted funds ($50 billion) daily? Assuming a relaxed estimate of 260 banking days per year (after weekends and public holidays) that would equate to fees of 1.3 to the power of 12. My laptop's calculator can't even give me the full amount.

Exaggeration affects one's credibility. Just keep that in mind.

And you're advertising here to attract ICO investments?

[Slow death]

You have not posted your site, and you have not even talked about who is responsible for this project. It is unbelievable that you come and present your site in this forum but you do not include this forum on your site

https://bitindia.co

Is it not important to you? This forum will not give you customers?

[ICOHunt]

Do you have a whitepaper?

How are tokens distributed? (% founders, bounties, public)

How will funds raised be used?

Thanks

[ICOHunt]

Do you have a whitepaper?

How are tokens distributed? (% founders, bounties, public)

How will funds raised be used?

Thanks

Also please provide profiles (inc linkedin/ other social media account) for team members.

[canonblaster]

***SCAM ALERT*** LOOK  AT THESE PEOPLE IN THE TEAM OMG LOL...AND THE FOUNDER IS DAY TRADER FOR LAST TWO YEARS @BITCOIN  ALL THE MEMBERS IN THE TEAM ARE LESS THAN UNDER QUALIFIED AND ONE OF THE TEAM MEMBER IS STILL LOOKING FOR JOB ACTIVELY.

[Bonanzacoin]

Seems like they fabricated an "office" Also that guy that walks just as the camera rolls is setup. Also the holding of the mug. Looks like an abandoned OR (probably) a classroom in summer vacation. 

[superclaire]

To me, this is going to be a sure shot scam. Look at the kind of money they are trying to collect..
150 ether min??

[revelacaogr]

Indian Blockchain Revolution Backed by John McAfee


https://cointelegraph.com/news/indian-blockchain-revolution-backed-by-john-mcafee

[Bonanzacoin]

SOLD! 

[kratt]

   le site
https://bitindia.co/

[Bonanzacoin]

This is intradesting:

All token holders will receive 10% of the net fees

[dev.samal84]

Guys,

Be careful in applying for this ICO.
I am from India and was initially very interested to invest in it. However, it looks a scam to be.

They don't have a proper office. Neither in the city of Hyderabad not in Chandigarh. Also the team looks fishy. I am following them almost for 2 months and most of the team members were added just few days back.

The are charging way too much for just a whitepaper without any product in place. Even github is kind of empty. Every Tom/Dick/Harry is a software Engineer in India and to create a website to scam people will be very easy.

Also there are already couple of good exchanges in India (UnoCoin, ZebPay etc.), so they also don't have that 1st mover advantage.

So please be careful.

[Voltaje]

Guys,

Be careful in applying for this ICO.
I am from India and was initially very interested to invest in it. However, it looks a scam to be.

They don't have a proper office. Neither in the city of Hyderabad not in Chandigarh. Also the team looks fishy. I am following them almost for 2 months and most of the team members were added just few days back.

The are charging way too much for just a whitepaper without any product in place. Even github is kind of empty. Every Tom/Dick/Harry is a software Engineer in India and to create a website to scam people will be very easy.

Also there are already couple of good exchanges in India (UnoCoin, ZebPay etc.), so they also don't have that 1st mover advantage.

So please be careful.

I am in a group where one of the advisors are in, Fabian is CEO of the project DIMCOIN which already made a successful ICO, he confirmed us that they are part of the project, so i can safely say they are not a scam.

[dev.samal84]

I am in a group where one of the advisors are in, Fabian is CEO of the project DIMCOIN which already made a successful ICO, he confirmed us that they are part of the project, so i can safely say they are not a scam.

I don't want to contest your thought as I can't refute or confirm your claim. The points I mentioned is based on my analysis.
I was initially interested in the project but after a bit of investigation realized it to be more of a gimmick to get quick bucks than serious project.

[Easybitcoin2013]

hi everybody,

this is the official BitIndia Telegram Group:

https://t.me/joinchat/E1huKQ0ncJpqNbllHsQRbQ

feel free to join

...here you get alle informations, updates and news... at this time is the privat pre sale with min. 150ETH. the regular ico begins at 11th oct. with min. 50$

you are welcome

[zhukovt34]

great, all best for whole project
team,good luck
only up

[Bouli]

I am def participating in this one !! after the hard fork of eth that is.

[btcdee]

hi everybody,

this is the official BitIndia Telegram Group:

https://t.me/joinchat/E1huKQ0ncJpqNbllHsQRbQ

feel free to join

...here you get alle informations, updates and news... at this time is the privat pre sale with min. 150ETH. the regular ico begins at 11th oct. with min. 50$

you are welcome

Do you know which is the official announcement thread for bitindia, this or the one at https://bitcointalk.org/index.php?topic=2225375.0
I have no reason to distrust you, but it is important that Bitindia will share the telegram invite link in one of their official resources such as website or twitter account. There is always a risk that scammers will create "official" groups. Thanks!

[satyakamc]

***SCAM ALERT*** LOOK  AT THESE PEOPLE IN THE TEAM OMG LOL...AND THE FOUNDER IS DAY TRADER FOR LAST TWO YEARS @BITCOIN  ALL THE MEMBERS IN THE TEAM ARE LESS THAN UNDER QUALIFIED AND ONE OF THE TEAM MEMBER IS STILL LOOKING FOR JOB ACTIVELY.

The white paper is shallow and has many contradictory statements, shows either it was not reviewed properly or team that wrote, has limited understanding of the subject. Surprised that someone is trying to raise money through ICO for creating exchange and a wallet when there are already exchanges and wallets available to all with better features.

Be careful if you are looking at investing.