Bitbay has announced that it will be launching its exchange platform for the Indian cryptocurrency markets. Bitbay will be the first cryptocurrency exchange to offer altcoin trading – providing trading pairs for ethereum litecoin, lisk, monero, ash, and gamecredits.
From August 14 Bitbay will offer demo trading that does not involve using real money, before launching full operations on August 24th. In a recent interview with Money Control, Bitbay India Head, Rohit Dahda has stated “we are taking all necessary steps to adhere prescribed rules for Bitbay India. In fact, we are offering demo trading for users before using real currency to bring a level of confidence in common people.”
At a launch function for the newexchange, Bitbay CEO, Sylwestor Suszek, stated that “Bitbay India has been conceptualized to provide innovative services, support and solution for cryptocurrency users in terms of fast and secure transactions. Our team consists of specialists and Bitcoin enthusiasts who are active in crypto community, attend industry conference events and support charity causes via meaningful fund donations to relevant Indian societies”. An official press release states that “the prime objective of Bitbay India is to remove all misconceptions related to cryptocurrency, drive more people towards digital currencies, attract potential investors from market and offer all round platform to trade as well as exchange multiple cryptocurrencies at Bitbay.”
Source:-https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/
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Let's see whether it will change the present scenario of India.
Yesterday I transcated around 6 SBD which is equals to 360 INR, what I got is 16 Rs and if I will send them to my bank account then I will only get 6 Rs.
This is India, This is the condition in India for cryptocurrencies enthusiast.
Fuck off Indian exchanges ....
6 SBD was worth only 16 Rs when you finally got it ? Shocking. Even if there is tax, how come there was so much deduction. Does Unocoin provide good service ?