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UPI Deposits: The Free & Fast Alternative to Payment Gateways

For instant deposits, exchanges offer Payment Gateways. Payment gateways do not support some major banks and charge 2-4% fees for deposits. NEFT/IMPS based deposits take too much time. Exchanges have started using UPI for Deposits to cater to the demand of “Quick” Deposits. But are the people aware of it? One user of an exchange travelled over 1000 Kms to visit their office. Why? To ask how UPI works. Markets…

I Exploit Loopholes. Security Loopholes – Arijit Dey

Arijit Dey possibly remains the most hated name in the Cryptocurrency space this week in India. Coin Crunch was able to uncover the scam and identify Arijit for duping a Koinex and Bitbns customer into sending 4962 XRP to his personal wallet on Bitfinex. After the XRP were returned to the user, Arijit was able to log in to the user’s account and steal 4962 XRP again. We were able…

XRP Stealing Scammer pretending to be from Koinex tracked down by Coin Crunch India

Ashish (Name changed) became a victim to an email scam and lost about 4962 XRP (Ripple) in February. He was sent an email from Koinex.in@gmail.com to transfer 6900 XRP tokens to activate his account. Ashish’s account was locked by Koinex genuinely as he had a due of 6900 XRP. The email reminder sent to him however was from a scammer who tried to bank on the opportunity. Ashish then transferred…

Twitter Handles of Co-Founders of Popular Crypto Exchanges

“I am having an Indian Libre”, I said to my friend who is hosting me in Mumbai. “What the hell is Indian Libre?” “You know how Coke and Rum is Cuba Libre? Well, Rum and Thumbs-up is Indian Libre”, I replied. It has no connection with the title of the post but I just wanted to promote the coined term “Indian Libre”. Speaking of Coined, you might know that there…

No the New Ban on Unregulated Deposits do not mean Ban on Bitcoin

Straight to the point. Today Cabinet approved a new Bill to “Ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill”, 2018. And as I had hoped the headlines like “Ban on Ponzi like cryptocurrency” started popping up faster than I can write the name of the bill. I am going to save my hatred for the mainstream media for now. For now, let me explain how this does not mean…

Zebpay’s Ripple Trade is Riddled With Issues

Update: We are updating the article as and when the issues are resolved Earlier today Zebpay users were delighted by the news of trading Ripple (XRP) on the platform. But the delight soon turned into disappointment for some, including myself. People began reporting issues and problems they faced with Ripple trading on Zebpay’s app. To their credit, Zebpay Support has been replying with resolutions faster but some of them just…

What is Ethereum?

In today’s bloodbath, one coin did pretty well, maintaining its price and market place. That is none other than Ether (ETH). Much has been said about ETH and Ethereum network that currently holds the second largest market cap in Cryptocurrency. What is Ethereum? Simply put, Ethereum is a blockchain-based decentralized platform on which decentralized applications (Dapps) can be built.     Remember, blockchain is the structure the vast majority of cryptocurrencies run…

You can Buy Bitcoin for Cash or NEFT/IMPS at these Exchanges

Despite the RBI’s banking restrictions, buying and selling cryptocurrency in India is now easier than ever. The exchanges in India have found innovative solutions to keep providing incredible services for trading cryptocurrencies in India. Note: The article was published in January when INR deposits and withdrawals were delayed on exchanges, we are updating the article with latest developments in October 2018. By now everyone has heard the news about the INR…