coinfunda (OP)
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March 19, 2019, 09:29:18 AM |
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Hi recently came to know about Giottus exchange. Its good for selling cryptos in India. |
## NEVER SHARE YOUR PRIVATE KEYS || NEVER CLICK ON EMAIL LINKS|| NOT YOUR KEY, NOT YOUR CRYPTO ##
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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avikz
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March 20, 2019, 04:08:28 PM |
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No matter how advance they are, Indians using a homegrown p2p platform is a big no no! At least for me! Any day RBI or SEBI can intervene and close that exchange because India is a hostile territory for crypto users. Along with that, those regulators will get every possible data from the exchange owners and track down the users if they feel so! Being an Indian, I will personally prefer an onshore p2p exchange just like Localbitcoins where Indian Government can't do much to track down the users!
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webtricks
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Activity: 1918
Merit: 1728
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March 22, 2019, 02:36:50 AM |
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Hi recently came to know about Giottus exchange. Its good for selling cryptos in India. The exchange is genuine and few of my known have reported successful trade on Giottus so yeah you can try it. But I have also heard about fake volume on Giotuss, well never tested myself. No matter how advance they are, Indians using a homegrown p2p platform is a big no no! At least for me! Any day RBI or SEBI can intervene and close that exchange because India is a hostile territory for crypto users. Along with that, those regulators will get every possible data from the exchange owners and track down the users if they feel so! Being an Indian, I will personally prefer an onshore p2p exchange just like Localbitcoins where Indian Government can't do much to track down the users!
Exchanging crypto in India is quite a deal now. But RBI has given green flag to peer-2-peer trading hence it's not too risky to use Indian platforms for P2P if they are not involved in shady business. Well, it's also a point how could we know that exchange is fully legit. So yeah your point is correct. I personally use Remitano and it's working perfectly for me. Also there is no requirement to do KYC on Remitano (LocalBitcoins requires KYC). I recommend Remitano to Indian traders. |
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100bitcoin
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March 22, 2019, 01:28:32 PM |
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But RBI has given green flag to peer-2-peer trading
Really? Since when? Show me an RBI circular supporting the same. |
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avikz
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Merit: 1499
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March 24, 2019, 04:08:40 AM |
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Exchanging crypto in India is quite a deal now. But RBI has given green flag to peer-2-peer trading hence it's not too risky to use Indian platforms for P2P if they are not involved in shady business. Well, it's also a point how could we know that exchange is fully legit. So yeah your point is correct. I personally use Remitano and it's working perfectly for me. Also there is no requirement to do KYC on Remitano (LocalBitcoins requires KYC). I recommend Remitano to Indian traders.
When RBI has given a green signal to p2p trade?? Can you please give me a documented proof?? P2P trade is even more riskier if you look from the perspective of a regulator. RBI didn't give any green signal to p2p trade as far as my knowledge goes! But if you can produce a documented proof, it will be a reality check for me! |
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Bharathi13
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The Standard Protocol - Solving Inflation
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April 03, 2019, 07:24:02 AM |
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For trading on Giotuss you will need to go with full KYC verification which takes away your privacy & still they are providing INR trading pairs which can be riskier as you see some recent changes in Indian Market. Coindelta shutdown their exchange due to unclear RBI regulation & WazirX Moved to international market which means WazirX already have backup plans. The same thing is going to happen with Giotuss if they don't stop their INR trading pairs. About their P2P platforms its good but requires KYC so its better to trade on other platforms where you can protect your privacy like https://bisq.network, https://hodlhodl.com, https://www.xch4nge.com/. Presently I am using https://www.xch4nge.com/ which is very easy to use with its simple UI and charges trading fees for seller 1% & for Buyer 0%. |
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CryptoInsights
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April 07, 2019, 01:50:35 PM |
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You can also try Kucoin, pocketbits etc., Also, Giottus is one of the exchange exchanges in India.
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Btra
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MYID
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April 07, 2019, 02:18:42 PM |
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It was Zebpay alone a good exchange in the India which was offering very decent price of the selling of your Bitcoin. But, after the regulation passed by the RBI that no commercial banks will no more to deal in Bitcoin. So, Zebpay had to left the India for it's service. And, now there is no other exchange can give you cash against your Bitcoin.
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webtricks
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Activity: 1918
Merit: 1728
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April 07, 2019, 07:37:12 PM |
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Exchanging crypto in India is quite a deal now. But RBI has given green flag to peer-2-peer trading hence it's not too risky to use Indian platforms for P2P if they are not involved in shady business. Well, it's also a point how could we know that exchange is fully legit. So yeah your point is correct. I personally use Remitano and it's working perfectly for me. Also there is no requirement to do KYC on Remitano (LocalBitcoins requires KYC). I recommend Remitano to Indian traders.
When RBI has given a green signal to p2p trade?? Can you please give me a documented proof?? P2P trade is even more riskier if you look from the perspective of a regulator. RBI didn't give any green signal to p2p trade as far as my knowledge goes! But if you can produce a documented proof, it will be a reality check for me! By green flag I meant government and RBI have no problem from P2P crypto trading. Their only concern was the involvement of banks in such trading so they banned exchanges from using banking services. Also Finance Minister said in one of his interview after the Finance Bill last year that people can still transact regular trading among themselves without any worries from government side. |
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deadley
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Activity: 2562
Merit: 1064
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April 08, 2019, 09:08:39 PM |
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Exchanging crypto in India is quite a deal now. But RBI has given green flag to peer-2-peer trading hence it's not too risky to use Indian platforms for P2P if they are not involved in shady business. Well, it's also a point how could we know that exchange is fully legit. So yeah your point is correct. I personally use Remitano and it's working perfectly for me. Also there is no requirement to do KYC on Remitano (LocalBitcoins requires KYC). I recommend Remitano to Indian traders.
When RBI has given a green signal to p2p trade?? Can you please give me a documented proof?? P2P trade is even more riskier if you look from the perspective of a regulator. RBI didn't give any green signal to p2p trade as far as my knowledge goes! But if you can produce a documented proof, it will be a reality check for me! By green flag I meant government and RBI have no problem from P2P crypto trading. Their only concern was the involvement of banks in such trading so they banned exchanges from using banking services. Also Finance Minister said in one of his interview after the Finance Bill last year that people can still transact regular trading among themselves without any worries from government side. Do one thing, next time when you transact online through bank, just write bitcoin in message, you will know what will happen to your account. P2P trading through bank account also not legal, if bank know, you are dealing in btc from their bank account they will just close your account. |
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