In a bid to ease Crypto trading for users, Indian Cryptocurrency exchange Giottus announced its support for adding multiple bank accounts for INR deposits and withdrawals last week. Indian cryptocurrency exchanges follow varied rules and protocols for self regulation, some exchanges put extra effort to ensure bank accounts of users are verified and cannot be misused. However, many exchanges only support INR deposits and withdrawals to and from the exchange…
Posts tagged as “indian exchanges”
Giottus Crypto exchange announced free INR Deposits and withdrawals with a guarantee of withdrawal in 10 minutes. In this article we will test the same. Now that the Banking Ban from RBI has been quashed by the Supreme Court, crypto exchanges will be free to open bank accounts and provide INR deposits and withdrawal services to their users. Earlier today Giottus exchange made such an announcement. The exchange is offering…
Say what you will about the scene of cryptocurrency trading in India, it never seizes to amaze. While some incumbents and newbies are relying on Peer to Peer trading or experimenting newer ways to keep offering exchange services, some are registering abroad for a ‘Global Platform’ and doing ICOs. One other exchange joining this list is BTCMonk. You may remember BTCMonk from our list of exchanges that do not share…
It hasn’t even been a week since the RBI ‘Banking Ban’ has gone into effect. Many banks are now freezing incoming transactions on Cryptocurrency exchange accounts and hence the exchanges have disabled the deposits and withdrawals of INR. On the other hand, many exchanges have come up with their own innovative solutions to circumvent the Plan B. We made the first list of exchanges that are planning on launching Peer-to-peer…
Welcome to the world of Initial Coin offerings (ICO), the instrument that has made billions for companies such as Block.one – the creators of EOS. Almost all ICOs are raising atleast a few million USD. Some ICOs made investors filthy rich but some ICOs have duped a lot of investor money and made anonymous scammers filthy rich as well. Some notable ICO exit scams being PlexCoin, Giza Token, Benebit, etc.…
The sensationalisation of headlines in the media industry is on a rampant path, especially when readers do not prefer to open articles. Today’s headline making news from India to the crypto community is “U-turn on bitcoin? – Government panel may allow cryptos with riders” In all saneness the news in itself is Government panel may allow cryptos with riders. That’s it. But to make it a juicy clickbait-y article, the media…
Trading bots are everywhere. On major exchanges and minor. These bots can read patterns, track prices and even trade on your behalf. Cryptocurrency trading is a cumbersome job. Keeping track of atleast over 30 cryptocurrencies on a single exchange can be tough. So why not let a bot do it for you? You can build or buy a bot. A bot while keeping track of the prices, will know when…
Disclaimer: After I published this article a lot of people came forward and explained to me how it could be risky for founders to declare that information and how it might not be needed in many cases. The most agreeable argument made was “You are dealing with a registered company, lets all start to accept that company has a bigger trust backing than the names of few individuals”. Keeping that…
A new year (fiscal), a new announcement. We have received information from reliable sources who work in prominent exchanges, the Indian exchanges are coming together to create an INR backed Cryptocurrency like the USD Tether. The move is aimed at reducing banking transactions as users can easily trade on multiple exchanges by just converting their crypto to the INR backed currency currently codenamed “INRUPEE”. A central body to overlook the…
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…