Los Angeles, CA: A new exchange for buying and selling Bitcoins for Indian customers launched despite recent raids by the Enforcement Directorate (ED). BitQuick.in allows users to buy Bitcoin in India via NEFT, RTGS, or IMPS transfer and cash deposit. Buying bitcoin carries a 1% fee and selling is always free. On February 1, 2013 the buyer fee will be increased to 2%.
Last Thursday the ED conducted raids on Mahim Gupta on violations of the Foreign Exchange Management Act for running the previously leading Indian Bitcoin exchange, Buyselllbitco.in and Nilam Doctor in connections for operating rBitco.in. Following suit with the news, several other leading Indian bitcoin exchanges also halted operations. Unocoin.com and inrBTC.com have all posted notices referencing the recent notice posted by the Reserve Bank of India (RBI).
In response to the notice, an official from BitQuick.in said: “They try to control us because they fear us. The scare doesn’t scare us! We are still going strong! We just thought we'd remind everyone that Indian Bitcoin exchange BitQuick.in is still completely unaffected by the recent news. Being a P2P exchange with distributed sellers gives us the ability to continue smooth and secure operations.”
According to the times of India, the RBI does not have plans to regulate Bitcoin at this time and BitQuick.in does not have plans to change current operating procedures. At this time, using a bitcoin exchange in India is not illegal. BitQuick.in is now providing the quickest platform for Indian consumers to exchange INR for BTC and vice versa. Transactions are limited to 5,00,000 INR and are processed within 1 business day. No extensive and invasive verification procedures are required from BitQuick.in customers.
BitQuick.in is an official affiliate of their North American and European counterpart, BitQuick.co. BitQuick.co was launched in August, 2013 and also expanded operations to Taiwan in October, 2013 when BitQuick.tw began services. The BitQuick platform boasts a simple and secure user interface. Buyers can purchase from sellers that have Bitcoins already securely stored in a personalized offline escrow address.Buyers can also generate a Bitcoin wallet if they do not already have one. Sellers can modify the price of their sell orders to be statically priced or to follow the price of other Bitcoin markets such as Bitstampor Mt. Gox.
Buying Bitcoins in India is as easy as 1-2-3 and only requires an email address. Once the buy order is placed, payment instructions are sent to your email address. After payment is received by the seller, the Bitcoins are released either to your provided Bitcoin address or your generated BitQuick address. To sell, users need to simply fill out a short form, fund their escrow address and watch the deposits come to their bank accounts.
To buy or sell Bitcoins in India today, please visit https://www.bitquick.in/.
About BitQuick.in
BitQuick.in is a special website that allows users to buy and sell Bitcoins easy in India. Get Bitcoins instantly or cash same day. Bank transfers and cash deposit accepted.
Company Name:BitQuick.in
Contact Person: Vabo Amin
Email:orders@bitquick.in
Phone: 12132905602
Address:461 S Hope St. Suite 13
City: Los Angeles
State: CA
Country: United States
Website: www.bitquick.in
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