Bitzee launched Bitcoin OTC exchange in INDIA.

[Bitzee]

Bitzee

Living in India and want to buy bitcoin? it could have never been easier.

www.bitzeepro.com

Bitzee has just launched an OTC exchange where users can Buy/Sell BTC instantly with INR. Bitzee accepts payments from any Indian bank account!

And the best part is, there are Zero% charges!

Click here to have a look

https://i.imgur.com/S9nRKoq.png

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[kolonel_x]

Is this just launched? I want to see positive feedback from many people about this exchange, because I know that most new exchanges have a bad reputation.

[mobnepal]

Isnt buying or selling bitcoin banned in india specially when you are using banking system?

Source: https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems.

Also no any banks can provide financial service to bitcoin exchanges or related businesses, so how you guys are operating there.

In early 2018 India's central bank, the Reserve Bank of India (RBI) announced a ban on the sale or purchase of cryptocurrency for entities regulated by RBI.

[hugeblack]

Are you serious? I tried selling BTC1 for Indian Rupee and the price was 74,00. (Depending on Google, 1 Bitcoin equals 607,741.64 Indian Rupee.)

we don't allow any transaction without complete KYC procedure
We offer several payment methods. You can make payment through bank transfer, Paytm or UPI.

Since you are requesting some documents, it is normal that the platform is registered and has a real presence. Can these documents be submitted? Place, developer team, license, any legal document.
How do you deal and there is a ban on bank transfers?

The design of the site and the absence of a lot of information suggest the lack of credibility and therefore the warning of the possibility of scam.

[Bitzee]

Are you serious? I tried selling BTC1 for Indian Rupee and the price was 74,00. (Depending on Google, 1 Bitcoin equals 607,741.64 Indian Rupee.)

we don't allow any transaction without complete KYC procedure
We offer several payment methods. You can make payment through bank transfer, Paytm or UPI.

Since you are requesting some documents, it is normal that the platform is registered and has a real presence. Can these documents be submitted? Place, developer team, license, any legal document.
How do you deal and there is a ban on bank transfers?

The design of the site and the absence of a lot of information suggest the lack of credibility and therefore the warning of the possibility of scam.

price is in BTC Dollar. when you enter 1 you get one dollar's worth of BTC.

[Bitzee]

Isnt buying or selling bitcoin banned in india specially when you are using banking system?

Source: https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Finance minister Arun Jaitley, in his budget speech on 1 February 2018, stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems.

Also no any banks can provide financial service to bitcoin exchanges or related businesses, so how you guys are operating there.

In early 2018 India's central bank, the Reserve Bank of India (RBI) announced a ban on the sale or purchase of cryptocurrency for entities regulated by RBI.

Have you seen volumes on Localbitcoins?
how do the people buy and sell BTC there?
Buyer simply transfers money from his account to sellers account and seller releases the BTC from his Localbitcoin account. Bank doesn't know why this money was transferred.
same way, Bitzee provides bank account where you can transfer the money and you'll get BTC in return. Bank never knows for what reason the money is transferred.