Quote from: zorkafdo on October 13, 2017, 05:59:47 PM

Stop falling for this scam guys..

Are you sure bitcoin and cryptocurrencies are legal in India? They recently implemented a lot of rules and took some drastic demonetization steps.
I am pretty sure their so called legal team doesn't even exist and have checked with local laws..
and their liability section is laughable. here is one..

The field of digital cryptography is very new and for this reason there is a risk of unforeseen attacks
on several or all parts of the BitIndia system

'In no event shall Bitindia, members of Bitindia staff, contractors, or volunteers be liable for:
Any lost profits, lost savings or incidental, indirect, special or consequential damages, arising out of
your use or inability to use the services or products offered by Bitindia or the breach of any of these
Terms by any third party'

While future regulations in India are uncertain (as with a lot of the world) most of the news I've seen suggests they wont be going for anything like an outright ban, but note that the company itself is registered in the UK which currently have pretty favourable crypto laws AFAIK.

Also that clause sounds like a pretty standard one that any exchange who knew what they were doing would have, TBH if it wasn't there it would raise flags for me not the other way round.

Crypto is risky and often when there is risk there is potential for good rewards, the same goes for many things outside of crypto too, everyone has to weigh up the risk:reward ratio for themselves but people on this forum too often seem to mistake risk for a scam.