India is an ideal place for Bitcoin startups. It has the right startup culture, huge market opportunity and a growing economy. Thanks to the growing market opportunities and enthusiastic startup community, we are seeing a lot of emerging Bitcoin companies entering the market.
Here are some of the Indian Bitcoin based startups –
Unocoin is one of the leading Bitcoin exchange in India at the moment. Unocoin is based out of Bangalore and Tumkur, is part of CoinMonk Ventures Private Limited. They are referred to as the Coinbase of India. Unocoin offers Bitcoin wallet and exchange services to the Indian customers.
CoinSecure is another Bitcoin exchange, with offices in Bangalore and Delhi. CoinSecure is a brainchild of a group of Bitcoin enthusiasts. Apart from being a Bitcoin exchange, it also provides a secure Bitcoin trading platform.
Zebpay is one of the recent additions to the list of Indian Bitcoin startups. Zebpay is a simplified mobile Bitcoin wallet that allows peer-to-peer Bitcoin transfer using mobile number. By making Bitcoin transfer as simple as sending an IM on WhatsApp or WeChat, anyone who knows how to use a smartphone can make Bitcoin transactions. Even for Bitcoin enthusiasts, it saves them from using wallet addresses each time they want to make a transaction.
While UnoCoin boasts of being the first Bitcoin exchange in India, BTCXIndia claims itself to be the largest Indian Bitcoin exchange. BTCXIndia is a Hyderabad based company that offers wallet, trading and live market update services for the Bitcoin community in the country. BTCXIndia follows a strict AML and KYC norms, on par with financial institutions. It may not go well with proponents of anonymity of Bitcoin transactions, but in the long run, they seem to have gotten all their bases covered for any changes in regulations.