[ANN] New Bitcoin Exchange in India- No Transaction Fee

[lisper]

In the millibits.in  mentioned that "ssl heartbleed safe. ssllabs https rating A+"  but in ssl labs it shown "F"

https://www.ssllabs.com/ssltest/analyze.html?d=https%3A%2F%2Fmillibits.in

Sorry about that. We've now:
- updated our SSL to get back up to A+
- subscribed to openssl-announce and debian-security-announce to hear of new vulnerabilities sooner

[subvolatil]

In the millibits.in  mentioned that "ssl heartbleed safe. ssllabs https rating A+"  but in ssl labs it shown "F"

https://www.ssllabs.com/ssltest/analyze.html?d=https%3A%2F%2Fmillibits.in

Sorry about that. We've now:
- updated our SSL to get back up to A+
- subscribed to openssl-announce and debian-security-announce to hear of new vulnerabilities sooner

That was fast :-)

[techguy]

    bitcoin secret keys are never written to a web host's disk or network. they are stored privately, redundantly, and encrypted.
    hmac signed web session cookies
    browsers instructed to never leak cookies over unencrypted connections
    http strict-transport-security guards against sslstrip attack
    web clickjacking, referrer logging, session fixation attacks prevented
    sql injection impossible
    high performance single threaded trade execution, also ensuring data integrity
    first and second factors of authentication are rate limited, to keep your account safe from attackers
    no floating point arithmetic, so no rounding where we shave off fractions
    passwords hashed with scrypt (N=16384,r=8,p=1)
    all web and api input is sanitized before use. sanitization occurs with code evaluator disabled
    ssl heartbleed safe. ssllabs https rating A+
    quality source of random numbers used, with seed saved across reboots
    no password reset feature that can be used by attackers
    totp qr code image filename is 160 secure random bits, as long as the totp secret
    email from us is pgp signed so you aren't easily phished
    your documents are stored encrypted by grey-celled passwords

That's just to give you a sense of the attention we pay to security.

Wow !! A good set of security locks !!

[lisper]

Depositing money and withdrawing money can sometimes take time, but they have told me that they are working on it, so that it can be faster.

This is true, unfortunately. We service deposits and withdrawals only twice a day, in bulk. I should have made that clear on our front page to avoid disappointing anyone. I've noted it there now.

[ctptosec]

Millbits is for Mega Traders not for Small/Milli Traders.

Say, customer bought 0.01 btc, he will receive only 0.005.
Customer sold 0.01 btc, he will receive only Rs.200 instead of Rs.300.
Banker may charge only Rs 2 for IMPS/NEFT transaction. But your guys charging Rs 100
Block chain or any other wallet services charging 0.0001 BTC, but your guys charging 0.005 BTC.
If you are providing zero transaction fee ;customer looses a lot.

[bitcoinisfurture]

Any how its not much visited site due to various reasons.

Firstly in this instant world due to which bitcoin is know which could be transferred around the world in minutes millibits take 12 hrs for any withdrawal or deposit made to them (Twice in a day). Query resolution also takes long time to respond.

It seems more as a part time project rather then a full time website.

They do not even have the trade history of buy/sell as hardly any trades take place on the site. Also, various fees that is mentioned above are good reasons that one can easily avoid this site to trade with.

[BTCIndia]

Can we have Demo Login Token from millibits?

[luckyindia]

 ) :)Congratulations to Kanishk for launching the New BTC Exchange in India. I just have a few suggestions to make:
1) Tie up with stock market agents,brokers to enable online trading of stocks with BTC.
2) Tie up with private banks to promote their business.
3) Tie up with different E-com sites to promote their products and services thru BTC.

[dashingriddler]

) :)Congratulations to Kanishk for launching the New BTC Exchange in India. I just have a few suggestions to make:
1) Tie up with stock market agents,brokers to enable online trading of stocks with BTC.
2) Tie up with private banks to promote their business.
3) Tie up with different E-com sites to promote their products and services thru BTC.

Not as easy as you may sound. We have learnt it the hard way.

[bitcoinisfurture]

) :)Congratulations to Kanishk for launching the New BTC Exchange in India. I just have a few suggestions to make:
1) Tie up with stock market agents,brokers to enable online trading of stocks with BTC.
2) Tie up with private banks to promote their business.
3) Tie up with different E-com sites to promote their products and services thru BTC.

Is Millibits owned by adv.Kanishk?

[adv.kanishk]

@bitcoinsfuture- it is owned and operated by my clients not by me. I am their Advocate who looks into all kinds of legal issue, drafting agreements etc. which comes @ from time to time. We only provide legal services to the entrepreneurs dealing into bitcoin to make their business structure safe and legal.

[bitcoinisfurture]

@bitcoinsfuture- it is owned and operated by my clients not by me. I am their Advocate who looks into all kinds of legal issue, drafting agreements etc. which comes @ from time to time. We only provide legal services to the entrepreneurs dealing into bitcoin to make their business structure safe and legal.

Thanks Kanishk. By the way it was @ luckyindia  who said "Congratulations to Kanishk for launching the New BTC Exchange in India" . So I was wondering if you started as you are an advocate,  and provide the services to your client. 

[Rotten Egg]

@bitcoinsfuture- it is owned and operated by my clients not by me. I am their Advocate who looks into all kinds of legal issue, drafting agreements etc. which comes @ from time to time. We only provide legal services to the entrepreneurs dealing into bitcoin to make their business structure safe and legal.

Are u sure that u dont own any part of millibits in any way ?

[adv.kanishk]

@bitcoinisfuture - Reply was for both you and luckyindia. I referred you as you asked a question and yes i am an advocate who provide legal services to the companies dealing in bitcoin businesses.

@rotten egg-: Kindly refer to my reply stated above. Elaborating on any query or discussion related to our client might lead to breach of confidentiality, which would be unethical. I replied as this thread was posted by me and certain wrong understanding was grounding up.

[Rotten Egg]

@bitcoinisfuture - Reply was for both you and luckyindia. I referred you as you asked a question and yes i am an advocate who provide legal services to the companies dealing in bitcoin businesses.

@rotten egg-: Kindly refer to my reply stated above. Elaborating on any query or discussion related to our client might lead to breach of confidentiality, which would be unethical. I replied as this thread was posted by me and certain wrong understanding was grounding up.

Your reply does not say anything about my question. I think a real advocate does not come to a forum to promote his client and brag about a certain company being his client. If I remember correctly, Nishith Desai Associates published a statement about UnoCoin. I cant imagine Nishith Desai is coming to this forum and telling everyone that UnoCoin is his client. So, your deep interest in promoting millibits, in spite of being well aware about their incompetency, shows they are more than just a client to U. It actually looks funny. That is why I'm asking a simple Q - Do u own any part of millibits in any way ?

p.s. Of course u can come up with your long standing shield - Elaborating on any query or discussion related to our client might lead to breach of confidentiality, which would be unethical. But, this is how u discredit your client's credential more & more, because in Bitcoin world people dont like deceiving entities. So, a clear disclosure of your ownership might get some facts straight !!!

[adv.kanishk]

I am here to promote my client. U might have become active at this forum now only otherwise you would have known that I have answered many legal queries of many other people of this forum and try to do my bit. Millibits are our client but we never intend to promote them in any manner. I got introduced to this forum because they made me aware of this forum, so thats why this thread.

I do not see why would you be interested in knowing about my ties with millibits. I run my practice on the analogy that if the client grown, the professional grows with him and I operate in this manner only. If I have been here on this forum promoting my client only then the moderator Benson samuel or any other senior members are free to point the same to me and I shall sieze commenting at this forum.

As far as I see you must be one of the founders or partners of an exchange running in India and that is why trying to throw mud and use such modes of comments to slander your competition. If not, then I do not see any reason of such slander and you anywayz do it for fun coz of your shortcomings.

Lastly, we do not discuss client terms with anyone, you might not understand it as it relates to professional ethics and I cant do anything about it either.

Regards

[Benson Samuel]

I am here to promote my client. U might have become active at this forum now only otherwise you would have known that I have answered many legal queries of many other people of this forum and try to do my bit. Millibits are our client but we never intend to promote them in any manner. I got introduced to this forum because they made me aware of this forum, so thats why this thread.

I do not see why would you be interested in knowing about my ties with millibits. I run my practice on the analogy that if the client grown, the professional grows with him and I operate in this manner only. If I have been here on this forum promoting my client only then the moderator Benson samuel or any other senior members are free to point the same to me and I shall sieze commenting at this forum.

As far as I see you must be one of the founders or partners of an exchange running in India and that is why trying to throw mud and use such modes of comments to slander your competition. If not, then I do not see any reason of such slander and you anywayz do it for fun coz of your shortcomings.

Lastly, we do not discuss client terms with anyone, you might not understand it as it relates to professional ethics and I cant do anything about it either.

Regards

Cannot see anything wrong with your participation or acknowledgement of anything in any way. This is a personal/ professional decision to involve in the forums.
In fact, I believe that it is a good practice to have an advocate post on forums, etc. It is a smart way to protect the interests of the posted text for future reference.

I cannot say anything about the questions asked by the others though, as this is a 'part free speech" forum. Their queries do look genuine and it's your absolute discretion to answer what you consider to be public domain information.

[adv.kanishk]

Cannot see anything wrong with your participation or acknowledgement of anything in any way. This is a personal/ professional decision to involve in the forums.
In fact, I believe that it is a good practice to have an advocate post on forums, etc. It is a smart way to protect the interests of the posted text for future reference.

I cannot say anything about the questions asked by the others though, as this is a 'part free speech" forum. Their queries do look genuine and it's your absolute discretion to answer what you consider to be public domain information.

I do not have any answering the question Benson. I had the problem in the manner in which it was asked. Maybe these kind of things happen on the forum. Anywayz, since you think that it is a genuine question I would answer that milllibits are only our clients and we do not owe any share. I have already discussed that we work in a manner wherein we put our best effort for the client as the client grows a professional grows.

Regards
--
Kanishk Agarwal
Advocate
CriTaxCorp
Criminal-Taxation-Corporate
www.critaxcorp.com
+919971666252
+919999966252

[krishatnet]

Are you paying by checks or online funds transfer to banks.

[adv.kanishk]

millibits receive and transfer funds only through bank accounts