Some Frequently Asked Questions

Que 1. Why should I use Bitcoin?

Yes , you can use Bitcoins
Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don't understand why they should make the effort to use it.

Que 2. How long does it take to verify ID ?

Only 10 Minutes. your verification may be failed if uploaded doccument quality is not good.

Que 3. How long will it take for a deposit to be credited to my account ?

Instant Deposit but sometimes it can take up to 20 Minutes.

Que 4. How long will a withdrawal take to clear ?

The amount shall be credited to your Bank account within 1 working day.

Que 5. Can i send Bitcoins to anyone and any bitcoin address ?

Yes you can send Bitcoins to anyone and any Bitcoin address.

Que 6. Can i recieve Bitcoins from anywhere ?

Yes you can recieve Bitcoins from anyone.

Que 7. Can i cancle Bitcoin sending transaction ?

Yes you can cancle sending Bitcoin transaction within 5 min.

Que 8. How can i cancle Bitcoin sending transaction ?

When you send bitcoins then you will recieve a mail on your registered email , in that mail their is a "Cancle" button and you can cancle transaction by clicking on that Cancle button without giving any Login Details.
Also you can cancle from Dashboard pending transaction.

Que 9. Will i get my personal wallet address for recieve bitcoins ?

Yes you will get personal Bitcoin wallet address.

Que 10. How long can I keep funds in the Rs account?

Only for 3 Months. after three months we will automatically transfer the amounts from your GBBIT INR balance to your registered bank account.

Que 11. What are fees and charges?

1% Fees on Buy and Sell (Include GST).
0% Fees on Deposit , 10 Rupees fees on per withdrawal.
0% Fees on Recieve bitcoins.
You will be charged a bitcoin network fee when you send bitcoins to a bitcoin address depending on the number of bitcoins you send.

Que 12. Can i use my GBBIT Account for login on GBBIT Trade ?

Yes you can use same account for GBBIT Trade.

Que 13. Can i change my bank account later ?

Yes you can change your bank account.

Que 14. How much min amount required in your GBBIT wallet to display your buy ads ?

You need 1000 INR or more for display your buy ads.

Que 15. How much min amount required in your GBBIT wallet to display your sell ads ?

You need Bitcoin of 1000 INR or more for display your sell ads.

Que 16. Is their any fees for create advertisements ?

Yes , GBBIT users who create advertisements are charged a 0.50% fee for every completed trade.

Que 17. Can trade price changable after trade started ?

Once a trade is opened the price is final, except when there is a clear mistake in the pricing.

Que 18. Can i buy or sell bitcoins on behalf of someone else ?

You are not allowed to buy or sell Bitcoin on behalf of someone else (brokering).