India-headquartered bitcoin exchange Coinsecure announced today it can now service NRO (Non-Resident Indian) accounts. Many Non Resident Indian citizens (NRIs) have shown interest in Coinsecure and would like to leverage the company’s services.
Now, if classified as an NRI and would like to use Coinsecure’s service for an NRO account, users can go about creating a Coinsecure account as normal, with just a few additional steps which are noted below.
First, all NRIs need to submit a scan of their Permanent Account Number (PAN) card.
Subsequently, the following further information is needed from NRIs who would like to deposit rupees on Coinsecure:
Proof of Identity (both mandatory)
1. Copy of the relevant pages of Passport
2. Copy of valid Visa / Work Permit
Proof of Address (any of the following work)
1. Copy of the relevant pages of Passport
2. Electricity Bill
3. Telephone Bill
4. Original copy of latest bank statement of account overseas
5. Copy of Employee ID Card
6. Copy of Labour Card
7. Copy of Social Security Card
Other Documents (any of the following work)
1. Cancelled / Paid Cheque of your overseas Bank account
2. Copy of Proof of Income / Pay Slip / Tax return
The Coinsecure team said:
“We recognize that bitcoin is fully global and want to provide access to individuals across the globe to our platform and services. Just this past year we opened the door to global entry-level trading. Now Indian citizens across the globe can use all elements of our platform.”