Quote from: btvGainer on June 05, 2016, 11:13:11 PM

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At the time
when I placed the order I was getting
5.35 BTC from their website, Which
was a better rate then unocoin or
Zebpay

How much btc was you getting from Zebpay and unocoin at that time?

Hey, I was getting 5.27 from Zebpay and 5.23 from Unocoin at the exact time. Trybitcoin.in showed it as 5.35 BTC at the time I placed the order.When I called up to ask them, they told me they offer a "competitive edge" over others exchanges in India. Hence I decided to buy from them .

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I ended up getting 5.07 BTC ( which
was worth only 1.89 LAKHS)

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Was you getting more or less same amount from Zebpay,unocoin if you bought from them?
It is sad you lost your money but whenever you see someone offering something for to good to be true price,always take extra care before dealing

After the transaction i Checked I was getting a lot more atleast ( Rs - 10000-14000 more btc from Zebpay and unocoin) . Yup, I would be very careful from now on.I can just imagine the number of people that would get scammed by the lure of cheaper prices, Seeing it is still new to India, It'd be bad if that was the first impression they got. It's damn annoying that people like this could end up spoiling the reputation of bitcoins in India.