Has anyone traded with "https://btcxindia.com/"?

[FanOfBtc]

Hi Bitcoin Forum members,

Has anyone traded with "https://btcxindia.com/"?

If yes what's your experience?

Please let all of us know

Thank You,
Fan Of Bitcoin

[BitLing]

Pretty Good. Withdrawls in INR are done using IMPS and are done within 15 min of the order being placed mostly. BTC deposits i believe need 3 confirmations, but in my experience takes about an hour. This exchange is more liquid than millibits.

Only the first time, our deposit had not gotten confirmed, but calling the number on the website, the issue was resolved within 5 minutes.

[btcxindia]

Dear BitLing,

Thank you for your feedback. For the firsttime; we will take 15  to 30 minutes for the credit due to Map-In to our system( both Bank as well as BTC wallet).Then after we will do as quick as possible.

Regards,
BTCXIndia team.

[FanOfBtc]

Whats your fee? for each Buy and Sell?

[btcxindia]

Either Buy or sell is 1% ; we will not charge any withdrawal/deposit fee.

[FanOfBtc]

Thank You, Found your website secure becoz you are using 2FA

Please consider trade volume and verification in slabs, so that users will get rid of registration hassles
and encourages more users to come in Let users be not scared of registration process.

for example

Trade Volume Less Than 0.25 BTC a day

1) Email and Phone Verification with web page acceptance for Terms and Conditions (clicking the check box)
2) Bank Deposit and Withdraw
3) Fee 0.25%

Trade Volume Greater than 0.25 BTC and Less Than 2.5 BTC a day

1) Email and Phone Verification with web page acceptance for Terms and Conditions (clicking the check box)
2) Photo ID (PAN or Driving License Or Aadhar Or Passport)
3) Bank Deposit and Withdraw
4) Fee 0.5%

Trade Volume more than 2.5 BTC a day

Per Your existing policy

Hope BTCx consider my suggestions

Regards,
Fan Of Bitcoin

[btcxindia]

Dear FanofBTc,

Thank you for your suggestions.We will be consider the Fee reduction but not able to compromise the KYC. As per our legal counsel , we strictly follow this.In the short term we may not get many clients due to strict KYC guidelines but in the long term we will get good business due to trust.

[BitCoinDream]

Pretty Good. Withdrawls in INR are done using IMPS and are done within 15 min of the order being placed mostly. BTC deposits i believe need 3 confirmations, but in my experience takes about an hour. This exchange is more liquid than millibits.

Only the first time, our deposit had not gotten confirmed, but calling the number on the website, the issue was resolved within 5 minutes.

The bitcoin deposit or the INR deposit that did not get confirmed ?

[bitcoinisfurture]

Dear FanofBTc,

Thank you for your suggestions.We will be consider the Fee reduction but not able to compromise the KYC. As per our legal counsel , we strictly follow this.In the short term we may not get many clients due to strict KYC guidelines but in the long term we will get good business due to trust.

Fee reduction will be a welcome step for the bitcoin community.

[chronicsky]

thanks! just looked into it ! am gonna try it !
and i really like the dynamic code security and KYC form , that's really a good step

[btcxindia]

Thank you for signup & site review.

[chronicsky]

there are hardly much people , there , i wish there would be more
but i will tell my friends about it hope they come

[btcxindia]

BTCXIndia has been reviewed and ranked (among the top 10 best exchanges in the world ) by the Best coin exchange-Bitcoin exchange rating site.
http://bestcoinexchange.com/exchanges/btcxindia-review/

[BitLing]

BTCXIndia has been reviewed and ranked (among the top 10 best exchanges in the world ) by the Best coin exchange-Bitcoin exchange rating site.
http://bestcoinexchange.com/exchanges/btcxindia-review/

Clearly it belongs there. The thing which keeps any brand apart from the rest, is customer service. And these guys are pretty good with that. Also, Deposit and withdraw speed is fantastic with these guys, which is extremely important.

Hope to see you guys at number 1 soon.

[kartha87]

I think i was one of the first online member of this exchange, and i have brought BTC from many exchanges.
I got into btc pretty late by end of Jan 2014, i have traded btc in 5 exchanges (LBC, Unocoin, bitquick, igot and bcxindia )
LBC has lot of fraud, like i was a victim of phishing once. LBC is a good site though.
Unocoin charged very high commision rate
Bitquick model was very very slow in finishing a deal
igot.com has a good trading system, good UI, good rates, Good features, but their deposit and withdraw of btc or money took 1 day.
 and then comes btcxindia

Pros:
1. They are the only exchange in India, not sure abt millibits.
2. They have a secure KYC procedure.
3. Their UI is simple and decent
4. Deposit and withdrawal of btc and money is blazzing fast
5. Best customer care, even available on whatsapp
6. CEO available in LinkedIn and other social media, transparency

Cons:
1. Its rather a requirement than cons. Min purchase is 0.1 btc, i would like to see it reduced to 0.05 btc, but its my need and i just hope the code is changed to bring this change.

[btcxindia]

Dear Kartha,

Soon we will be launching Market orders; In that you can trade from 0.01 to 0.1 BTC.

[BTCIndia]

BTCXIndia has been reviewed and ranked (among the top 10 best exchanges in the world ) by the Best coin exchange-Bitcoin exchange rating site.
http://bestcoinexchange.com/exchanges/btcxindia-review/

  COngratulations!

[btcxindia]

Thank you very much.

[sathya.singh1991]

BTCXIndia has been reviewed and ranked (among the top 10 best exchanges in the world ) by the Best coin exchange-Bitcoin exchange rating site.
http://bestcoinexchange.com/exchanges/btcxindia-review/

I wish you come into TOP 3 amongst the world very soon.

Glad to see so many BTC Users in INDIA. A very good scene.

Yes, I have two suggestions to BTCXIndia.

1. As in COINDESK, I would like to see the every second updation of BITCOIN value in INR in the Site.
2. Increasing the decimal values of BITCOINS withdrawals. Like for example, We must be able to withdraw 0.123456. Atleast a 5 decimal place. (Everything is Fund!  )


I wish BTCXIndia continue the same customer service. I am Fan of their service to be very Frank.

All the best to the Exchange's growth and my fellow Indian Bitcoin users.

[btcxindia]

Dear Sathya,

Thank you for your feeback and suggestions.Here Iam answering few suggestions.

1. As in COINDESK, I would like to see the every second updation of BITCOIN value in INR in the Site.
      Last traded price has shown in our website, which is defined by the buyers and sellers come across and agreed certain price and traded between them. Our present average trading time is 15 to 20 minutes; it may reduce once the liquidity increases.Then Last tarded price will update even in a minute or seconds.Iam ensure that we will reach to that level by Bitcoiner's support like you.
2. Increasing the decimal values of BITCOINS withdrawals. Like for example, We must be able to withdraw 0.123456. Atleast a 5 decimal place. (Everything is Fund!  Grin)


For withdrawal , there is no limit; even you can withdraw 0.0000006 also but trading , yes we have minimum bid of 0.1 BTC. We will reduce up to 3 decimals very soon.

Regards,
BTCXIndia team.