Bitcoin Trading in India has seen tremendous surge since November 2016 after the Government of India demonetized 85 % of its fiat currency in circulation.
Wallets such as Unocoin are scaling up fast to meet the increased demand in the recent months. Exchanges such as Zebpay and coinsecure are well established and well received as means from exchanging Indian Rupees into Bitcoins. The latest entry to the Bitcoin echange market in India is the Pune-based bitcoin exchange start-up, BitBox.
BitBox is a Bitcoin Exchange company recognized by Start-Up India and registered under Start-up India scheme for business related to Bitcoins and Blockchain technology.
Bitbox aims to gain market share by providing “free trading,” its press material reads, charging only “on deposit & withdraw”.
Mr. Ajinkya Lokhande, Founder & Director at BitBox states “Through BitBox, we are adding Buyers and Sellers to the advanced marketplace where they can easily trade Bitcoins in few clicks. The app is secured with various assured securities which safeguards the bitcoins of our users. However, we provide free trading services, which allow users to buy or sell Bitcoins without paying any brokerage. With the setup of such a great platform, we are looking forward to make BitBox the best way to make profit.”
Bitbox aims to be the easiest service of its kind in India, customizable with access to trades in a few simple screen motions.
“Bitcoin prices have huge difference between Indian and International exchanges. Bitcoin rates in Indian markets are mostly higher compared to International market. This results in buying Bitcoin at higher rate in India. Thus, with BitBox, we are offering best rates for Bitcoins in India. Our rates are always matching to International market and hence people can buy Bitcoins at international price in India from BitBox.” added Mr. Ajinkya Lokhande.
Bittbox states that “In Bitbox, Bitcoins can be kept on your balance in a safe cryptocurrency cold storage, traded, or withdrawn to personal wallets at any moment”
There is huge expectation from Bitbox in terms of giving more friendly, secure, real time and brokerage free trading experience in Bitcoin for Indian customers since it is recognized by startup-India which is like an official recognition for less-established business.
