Jun 05, · In India, you can purchase Bitcoin from Zebpay exchange. Zebpay has Android and iPhone app which lets you link your bank account for quick transfers. You can buy Bitcoins Author: Karan Dhar. Unocoin is India's leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS. Mar 07, · Exchange or swapping of bitcoin with fiat which is an underutilised method can be one of the most feasible ways to. buy bitcoins anonymously in India; Buying through prepaid cards or debit cards and using other altcoins to purchase bitcoins/5(8).
I want to purchase bitcoin in indiaBitcoin Investment - How to buy Bitcoins in India?
Moreover, a Bloomberg report in September said that the Indian government is planning to introduce a law that will ban the use of cryptocurrencies in the country. Apps and websites are convenient to purchase amid the pandemic. These companies function as cryptocurrency exchanges, which is convenient as this will enable easy selling as well.
Choice of the exchange will depend on the fee charged on purchase and sale of the cryptocurrency, ease of use, etc. At the time of writing, a single Bitcoin is priced at over Rs 14 lakh, which is very expensive for an average person. However, cryptocurrency exchanges in India allow you to purchase a part of Bitcoin, with investments starting at as little as Rs You are required to provide address proof, PAN and bank account details for the verification. The article is purely informational and is not a solicitation to buy, sell in securities mentioned in the article.
Olga Robert is an M. Com graduate covering equity markets and personal finance for nearly three years. Her interests include tax planning, equities, DIY personal finance management and government schemes. For Quick Alerts. Subscribe Now. For Daily Alerts. For investment related articles, business news and mutual fund advise. In Peer 2 Peer platform you are directly dealing with a person instead of an exchange. This means you need not to pay any transaction fees for using Peer 2 Peer Platform.
The peer 2 peer transaction takes place on the platform. The platform act as an interface for buying or selling cryptocurrency. You need to verify the charges before starting the use of the Peer 2 Peer Platform.
The bitcoin exchange used for the transaction should be easy to use, fast and reliable. It should be accessible across devices like smartphones, desktop, laptop, etc. One should be able to trade anytime anywhere.
The exchange should support net banking, mobile wallet, UPI support for the deposit, and withdrawal of money. The cryptocurrency should support different trading pairs. If you are planning to trade in different currency pair it will help you. The example of a currency pair is bitcoin — INR pair, bitcoin — ethereum, bitcoin — ripple etc. You need to pay transaction fees as and when you buy or sell cryptocurrency on the exchange. You need to select a platform that offers currency exchange at a reasonable rate.
The fee depends upon transaction volume. As the currency is stored in the digital format it must be stored in a secure way. The exchange should use the highest encryption standards and latest technology like firewall, Anti APT appliance, two-factor authentication to protect the cryptocurrency. This is to prevent hacking, virus attack, and theft. You should check the legal aspect of the currency exchange.
The exchange should be registered and legal. You can refer to website bitcoin. This means you need to make tax payments on money earned via bitcoin. However, it is a risky investment. Bitcoin is a decentralized and virtual currency. Bitcoin rate is growing, but there is no guarantee that bitcoin will continue to grow in the future.
You should evaluate your risk-taking capacity before investing in bitcoin. Bitcoin is a digital asset and you can make a lot of money using bitcoin. However, before investing your money in bitcoin you should consider the risk associated. Enter your email address to subscribe to this blog and receive notifications of new posts by email.
Email Address. Raviraj is the man behind moneyexcel. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money.
These should not be construed as investment advice or legal opinion. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email.