How to buy Bitcoin in India

how to buy bitcoin in india

Bitcoin is most valuable currency in the world and It is a investment tool among corporates.

Cryptocurrency polularity is continuously increasing after launching Bitcoin and it is availble in form of token or wallet so indian businessmen are investing in bitcoin.

Purchasing or selling Bitcoin is legal in india but law is not availble but government will take 30% tax on transfer of crypto asset from 1 April, 2022.

It is good time to invest in cryptocurrency in 2022 and its area is continuously expanding now there are 400 plus cryptocurrency availble in the market.

Process to buy Bitcoin –

If we want to buy bitcoins we need to complete KYC document varification so

Aadhar card and Pan Card required to submit basic document.

Then place a order on a crypto currency exchange to purchase bitcoins in India.

Then invester will get order to transfer amount from their bank accounts to crypto exchange.

Bitcoin purchaser can transfer money through normal payment mode like NEFT, RTGS, debit cards or credit cards and other digital amount transfering methods.

Major Cryptocurrency name is given in this link.

Where to buy Bitcoin

  1. WazirX and CoinSwitch Kuber are major cryptocurrency exchange.
  2. These crypto exchange provides opportunity to purchase Bitcoin.
  3. Many crypto exchange provides android application as well IOS application for exchange.

More Cryptoexchange list is given here- Link

Storage place for Bitcoin

Bitcoin storage uses digital cryptowallet. This wallet can do transations,encrypt data and saves the user information. There are two type of wallet which ensures safty of funds-

1-Hot Wallet-

Internet connection is require to recieve and send funds. Hot wallet may be different in looking in PC , mobiles and other devices.

2-Cold Wallet-

Internet connection is not require to use this wallet and user has private keys to store crypto wallet.

How to buy Bitcoins in India conclusion-

A investor should first acquire overall scenario of global market as well as indian crypto capital markets.

A proper research are require before investment. Different websites are availble to gain knowledge.

Tracking the movement of digital coins prices are also require to develop understanding.

If you want to avoid paying the trading fees cryptocurrency exchange then you can go directly through person to person crypto transation.

Similar Posts

One Comment

Leave a Reply

Your email address will not be published.