Bitcoin marketplace BitBuddy launches in India

Photo: Aleksi Räisä

Bitbuddy, a bitcoin marketplace, announced its launch in India. Bitbuddy will allow sellers and shoppers to sell and buy directly on its platform.

Bitbuddy will focus on crypto traders across the country and millennials worldwide. It will offer competitive pricing, with 2 months zero trading fees as an introductory offer.

Ashish Agarwal, CEO, Bitbuddy, said “If an investor would have bought 100 Bitcoin in 2010, today it might be valued more than 30 crore for him. That’s the magic of investing and we at Bitbuddy understand this”.

On the initial plan, Mr Agarwal said, “India has more than 5 million crypto users. At Bitbudy, we believe that every one of them has an interest in bitcoin. We believe to get traction of 100k customers this year.”

On bitcoin as an investment asset, he said that it’s a general myth that bitcoin is very expensive and one can’t afford it. However, the truth is that one can buy it even for 1,000. It’s always good in invest in reliable sources.

“Other inexpensive crypto currencies may not be that good, which means investor end up losing money.However, we believe that nobody should put more than 5 percent of their total portfolio in this cryptocurrency. And, it should be bought always for long term,” he warned.

Recently in India, Supreme Court also backed down on an order that efficiently banned virtual currencies in India. The uplifting of the ban by apex court is surely going to open new prospects for India in terms of investments.

Bitbuddy is available both on Play Store and App store.

This article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.