A variety of Indian startups are ready to cater to all your cryptocurrency trading needs

4 stars based on 71 reviews

Just around the time Bitcoin exchanges are being raided in India by IT officials and being checked by SEBI and ED for tax evasion and potential economic, legal, customer protection and security related risks, several users of Hyderabad-based Bitcoin India, holding bitcoins worth several lakhs of rupees, got locked out of their accounts. The users have either been locked out of their accounts or have been unable to deposit or withdraw from it.

The panicked users took to social media to express their distress and fear of being cheated by the startup. Some users even showed up at the registered office of the company in Hyderabad demanding a response.

Raised tickets but no response. According to a report in FactorDaily, several of the accounts, which have fiat and cryptocurrency worth nearly Rs 50 lakh, show zero balance.

However, over the past few months, bitcoin has been trending and the number of users grew times but our staff strength was still the same. One of the main issues being faced by most users of Bitcoin India was that their accounts either showed zero balance or they were unable to access their accounts.

This, Sykam says, is because when users try to trade several times buy and sell on a single day from an account, the server flags the account as suspicious and temporarily bans it. Despite nearly 1, people posting on Facebook Live asking for resolution of bitcoin trading company in india issue, Sykam claims that only users have been locked out due to suspicious activity.

And to avoid such issues in the future, Bitcoin India has restricted its users from buying and selling more bitcoin trading company in india two times. There have also been bitcoin trading company in india with withdrawals and deposits.

Sykam claims that the withdrawal issue should be solved in the next 48 hours while deposits will take a little more time. Facing severe backlash from users, bitcoin trading company in india a few news reports about Bitcoin India not responding to its users, Sykam also went live on Facebook to assure its users that Bitcoin India was not a fraudulent company. Bitcoin India is currently facing a scalability issue.

As we are clearing old queues, new ones are coming. We have in fact limited a few features on our platform and deployed manpower from there to clear queues.

We are not robots. There are different kinds of issues from different kinds of users speaking different languages. What added to the tension for users and for the startup, were news reports over the past week about IT officials conducting raids at Bitcoin exchanges. Sykam says fearing action against their company as well, several bitcoin trading company in india decided to take leave and not show up for work, making matters worse for the company.

Founded by Sykam inBitcoin India is one of the few bitcoin startups in India that support multiple cryptocurrencies including Bitcoin, Ether, Dash, Litecoin and offers Bitcoin mining subscription plans. It has a wallet and allows trading on its platform. Bitcoin trading company in india India is now in the process of hiring more employees, especially for its customer service team to be able to handle the increasing traffic.

We are hiring more employees and hopefully by end of January, customer services will be back to normal. By the bitcoin trading company in india of next year, Bitcoin India will be increasing its employee strength to at least employees. Skip to main content. Distressed Bitcoin India users cry foul. The Bitcoin India chief has said there is no need to panic and has assured the safety of accounts.

Why users have been locked out One of the main issues being faced by most users of Bitcoin India was that their accounts either showed zero balance or they were unable to access their accounts.

Background Founded by Sykam inBitcoin India is one of the few bitcoin startups in India that support multiple cryptocurrencies including Bitcoin, Ether, Dash, Litecoin and offers Bitcoin mining subscription plans.

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Soma is the Harappa moon deity. If you google "Soma deity" you will find many images of a Hindu god riding a chariot pulled by antelopes. We chose to name the company "Soma" because in the slang of cryptocurrency trading, people often talk about the value of their investments "going to the moon. We propose a logo that involves a moon and may or may not incorporate the Soma deity or the image of a bitcoin. A winner was selected from designs submitted by 56 freelance designers.

Entries from this contest. Some of the designers who made it happen. All went well, impressed by many of the designers, I would have liked to be able to see all the submitted designs throughout the competion, even those declined shaded but more visible. Up until then, most designers were working on different concepts and eventually it naturally evolved to his design.

Very easy to work with. I appreciated that he was able to deliver everything I asked for! She wen't out of her ways to comply to our needs in the design. Would highly recommend her and I'll use her talents again.

No, but the logo name could also name Soma Trading instead of just Soma. Tell us a bit about who you are and the people you reach Our company sells Bitcoins and other cryptocurrencies in India. What industry do you think your business is most related to? What colors do you want to see in your design? To give us an idea of the overall feeling of your brand, let us know which styles you lean towards. Other notes Soma is the Harappa moon deity. We've found some similar contests you might like.

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