India's Best Bitcoin Exchange goes Live with Deposits & Withdrawals!

[Benson Samuel]

- On orders page, I can see all recent trades. It would be nice to have isolated history of my trades so that I can keep track of my buy/sell trades and calculate profits acordingly.

Some additions:

Added My completed orders at the bottom of the Trade Engine Page.
Deposits are now automatic. They will verify after 3 confirms.
KYC fixes in place thanks to deadley!

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[sambiohazard]

Nice to see you working on bugs so quickly and more importantly proactively communicating all the progress here. I would suggest that you put a list of bugs solved in the first post. It will make things easy to track and will show how we are progressing with time. I think i made the right choice by using CoinSecure.

and now the complaining
Please increase the decimal places to at least 6 digits. One of my orders went off by 13 INR due to rounding off to 3 decimal place. It is just annoying and these dust amounts just build up.

Remain awesome.

Regards
Sam

[deadley]

How much Fees in Coinsecure for buying/Selling.

[Benson Samuel]

How much Fees in Coinsecure for buying/Selling.

1% as default.

[deadley]

How much Fees in Coinsecure for buying/Selling.

1% as default.

Why Indian exchange charge high fee like 1%.

[Benson Samuel]

How much Fees in Coinsecure for buying/Selling.

1% as default.

Why Indian exchange charge high fee like 1%.

The default fee is 1% with us. Can be lowered based on number of trades, exchange volume, etc.
Look forward to seeing more of this being automated over the coming month as we will add a fee selector, etc. This will allow a user to set a lower fee by lowering their order priority or paying a fixed fee.

[Benson Samuel]

Nice to see you working on bugs so quickly and more importantly proactively communicating all the progress here. I would suggest that you put a list of bugs solved in the first post. It will make things easy to track and will show how we are progressing with time. I think i made the right choice by using CoinSecure.

and now the complaining
Please increase the decimal places to at least 6 digits. One of my orders went off by 13 INR due to rounding off to 3 decimal place. It is just annoying and these dust amounts just build up.

Remain awesome.

Regards
Sam

Loads of testing needed tbh, to move from 3 to 6-8 decimals. Should be a while before we can look at that. Can get tricky with rounding off, etc..

Added a Depth Chart for the order Book and INR Sums on the Trade Page.
Small Fixes to the Bank and the Frequency Graph.

[sambiohazard]

Nice to see you working on bugs so quickly and more importantly proactively communicating all the progress here. I would suggest that you put a list of bugs solved in the first post. It will make things easy to track and will show how we are progressing with time. I think i made the right choice by using CoinSecure.

and now the complaining
Please increase the decimal places to at least 6 digits. One of my orders went off by 13 INR due to rounding off to 3 decimal place. It is just annoying and these dust amounts just build up.

Remain awesome.

Regards
Sam

Loads of testing needed tbh, to move from 3 to 6-8 decimals. Should be a while before we can look at that. Can get tricky with rounding off, etc..

Added a Depth Chart for the order Book and INR Sums on the Trade Page.
Small Fixes to the Bank and the Frequency Graph.

We can wait. Just keep improving. Thanks for the INR Field

[Benson Samuel]

New Charts up!
Order book now shows which orders have a partial or complete bid of a user.
some more fixes all around.

[Rude Boy]

i've linked my bank account. But i don't have PAN number. So i can't deposit bitcoins uh?
For PAN, i need voter ID. But i've already applied for voter ID and now waiting for voter ID only. Not applied for PAN yet.
So what to do?

[coinsecure]

i've linked my bank account. But i don't have PAN number. So i can't deposit bitcoins uh?
For PAN, i need voter ID. But i've already applied for voter ID and now waiting for voter ID only. Not applied for PAN yet.
So what to do?

ID/Address proof is mandatory (Please check KYC page of coinsecure,We have given multiple options) and as for PAN number if you don't have one you can take a print out of form 60, fill it, sign it and send us the scanned copy on support@coinsecure.in.

Ps: I would like to know, what documents you have provided in Bank while opening your bank account?

[Rude Boy]

i've linked my bank account. But i don't have PAN number. So i can't deposit bitcoins uh?
For PAN, i need voter ID. But i've already applied for voter ID and now waiting for voter ID only. Not applied for PAN yet.
So what to do?

ID/Address proof is mandatory (Please check KYC page of coinsecure,We have given multiple options) and as for PAN number if you don't have one you can take a print out of form 60, fill it, sign it and send us the scanned copy on support@coinsecure.in.

Ps: I would like to know, what documents you have provided in Bank while opening your bank account?

They asked me only the ration card for address proof.

[stellar1]

I heard legality of bitcoin in India is in the grey zone? Something like fema or some act they have...google if you wish Is it a compliant?

[shahadil]

fees are up for me it seems, a month of free trading is done. just one thing, i noticed, if i want to buy 1 BTC, it says approx to get .99. well i would prefer if you rather charge me for 1.01 BTc and add it to the inr cost. or you can collect fees in only INR both ways. why are you collecting fees in BTC. just a thought. 

[Benson Samuel]

fees are up for me it seems, a month of free trading is done. just one thing, i noticed, if i want to buy 1 BTC, it says approx to get .99. well i would prefer if you rather charge me for 1.01 BTc and add it to the inr cost. or you can collect fees in only INR both ways. why are you collecting fees in BTC. just a thought. 

We did want to go down this path, but it seems to be a complicated route to take to funnel all fees into INR itself.
Example: You have a bid for 1 BTC, how do we know how much fees to deduct before the trade executes? In the event that it is a partial trade, we would need to do fee reversals, after the transaction is completed.

Not sure if any other algorithmic trading exchange does this, but if they do, do let me know and I can study/ implement what they have done.

[shahadil]

Bitstamp charges fees in dollars only, as far as i can tell. You can look up bitstamp, you can look up Btcxindia. They all seem less complicated than coinsecure.

[buysellbitcoin]

fees are up for me it seems, a month of free trading is done. just one thing, i noticed, if i want to buy 1 BTC, it says approx to get .99. well i would prefer if you rather charge me for 1.01 BTc and add it to the inr cost. or you can collect fees in only INR both ways. why are you collecting fees in BTC. just a thought.  

We did want to go down this path, but it seems to be a complicated route to take to funnel all fees into INR itself.
Example: You have a bid for 1 BTC, how do we know how much fees to deduct before the trade executes? In the event that it is a partial trade, we would need to do fee reversals, after the transaction is completed.

Not sure if any other algorithmic trading exchange does this, but if they do, do let me know and I can study/ implement what they have done.

Fees are always going to be in the percentage of trade amount. So first you check if trade is possible, now check if user has enough balance with trade amount + fees. If he has that balance, you can go ahead and execute trade. If balance is not enough you can create a trade with existing balance - your fees and execute it.

To be on safer side, you can ask user's to select in preference that they want to pay fees in INR/FIAT.


Regards

[legendster]

Bitstamp charges fees in dollars only, as far as i can tell. You can look up bitstamp, you can look up Btcxindia. They all seem less complicated than coinsecure.

Yes les complicated because of the lack of documentation and verification processes there, but with sites like Coinsecure and (other similar exchanges) it is far easier for people do daily deals. That is once its setup. Off course I understand your frustration as you are a reputed LBC seller its hard for you to see other exchanges spring up and eat away at your trades  

[shahadil]

Bitstamp charges fees in dollars only, as far as i can tell. You can look up bitstamp, you can look up Btcxindia. They all seem less complicated than coinsecure.

Yes les complicated because of the lack of documentation and verification processes there, but with sites like Coinsecure and (other similar exchanges) it is far easier for people do daily deals. That is once its setup. Off course I understand your frustration as you are a reputed LBC seller its hard for you to see other exchanges spring up and eat away at your trades  

I dont understand what lack of documentation and verification process has to do with maths. I am no programmer and i do not understand what all goes into creating whatever any of the exchanges have running in their back end, but as an end user, and someone paying for their services i need to be comfortable and like their user interface, and as far as coinsecure is concerned they have been very receptive to suggestions, hence i brought it to their notice, that i don't particularly like what they are offering at this moment. It is completely upto them to change it, if they like.

One of the reasons, millibits was not successful i feel was it was too complicated, with regards to fees and placing orders, although the interface was very basic and i loved the simplicity of it.

And i love the fact that more and more exchanges are coming up. It is better for the bitcoin economy in India, and i dont know if you have noticed but the prices have very steadily been trending closer to the more recognised exchange prices abroad, which is very good for an Indian trying to buy bitcoins.

On a side note, all the exchanges in india should get together and promote bitcoins, and their uses, much more than what is happening right now. There doesnt seem to be much excitement these days.

Oh, and i am pretty happy with my trading volume thank you for your concern.

[shahadil]

This image is of the buy side. if you can make the line read as what i write below it will be appreciated. of course you may take opinion of other members on this board as well.

The 1.0% fee should read 142 INR
Approx to receive should be 1
Approx INR spend should be 14342.




This image is of the sell side and i think it is exactly how it should be and no changes are necessary here.