Reason for this visit

While the Indian government encourages the blockchain technology, it is not keen on the  cryptocurrency transaction. To help investors have good knowledge of cryptocurrency dealers in India, the survey team this time visited PayBito, a exchange based in Kolkata, India.

On-site Visit

PayBito, a cryptocurrency asset trading platform, has multiple offices around the world. The survey team this time left for its office in Kolkata, India. According to the address displayed on its website, it is located at 614, Purbachal Main Road, Shanti Pally, Haltu, Kolkata,700078. (The website: https://www.paybito.com/) 

The survey team followed the mentioned address to 614, Purbachal Main Road, Kolkata. The city is the seventh largest one in India. As the data showed, the cryptocurrency exchange PayBito was running business here.  

However, the team was surprised to find that the address belonged to a private house, in which there was no office of PayBito. To further verify whether the dealer operates here, the team asked a resident of the building, who confirmed that there was no office of PayBito there.   

Conclusion

The survey team confirmed after the on-the-spot visit that there is no office of PayBito at the aforesaid business address in Kolkata, India. The team was surprised to find that the address belonged to a private house, in which there was no office of PayBito. Please be prudent when trading with this dealer. 

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.