Cryptocurrency Q&A How is token money paid in India?

How is token money paid in India?

Martino Martino Sun Dec 15 2024 | 6 answers 1443
I'm curious about the payment process of token money in India. Could someone explain how it is typically paid or transacted in that country? How is token money paid in India?

6 answers

KatanaSharp KatanaSharp Tue Dec 17 2024
In the Indian real estate market, there are no explicit written rules governing the payment of token money.

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JejuJoyfulHeartSoul JejuJoyfulHeartSoul Tue Dec 17 2024
However, a common practice among sellers is to retain the entire amount of token money paid by the buyer.

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CoinPrince CoinPrince Tue Dec 17 2024
Token money is exchanged once a verbal agreement is reached between the buyer and seller to finalize the deal.

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JejuSunshineSoul JejuSunshineSoul Tue Dec 17 2024
This retention serves as a penalty if the buyer decides to backtrack on their verbal commitment to purchase the property.

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HanRiverVision HanRiverVision Tue Dec 17 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its users.

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