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Can You Buy Bitcoin In India?

Where Can I Buy Bitcoins In India If I Want To Pay Through Neft?

Where Can I Buy Bitcoins In India If I Want To Pay Through Neft?

Here are some of the Indian Exchanges which I use to Buy Bitcoins Ive written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting started :) PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant. So, Today in this post, Ill share my Honest PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very fast from verification to buying or selling everything is fast. 2.) Enter your Phone Number, Password and Verify your Phone Number via OTP. 3.) Enter PocketBits Referral Code: BU99-B003 4.) Click on Sign Up Button and complete the Registration Process. Note: Once your Account is created Enable 2FA for more security PocketBits is currently having a Promo Offer where you can Earn Free Bitcoins as per your purchase. Earn Free Bitcoins Worth 100 INR on a purchase of Rs.2000 or more. Earn Free Bitcoins Worth 200 INR on a purchase of Rs.5000 or more. There is no such PocketBits Promo Code available just go ahead and make your first transaction and you will receive it accordingly 1.) First of all, Open PocketBits Dashboard. Now as you can see there are 2 wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where youve deposited or withdrawn funds from PocketBits. 2.) Click on the Deposit Button from INR Wallet. 3.) Next, youll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS. 4.) Once youre done with Payment just Enter the Amount Continue reading >>

How To Buy And Sell Bitcoins? Are Bitcoins Legal In India?

How To Buy And Sell Bitcoins? Are Bitcoins Legal In India?

How to buy and sell bitcoins? Are bitcoins legal in India? Karan Dhar Last Updated:December 19, 2017 |16:58 IST With a 300 per cent increase in its value in just one year, Bitcoins could well be the kind of investment you may be looking for. However, in spite of all the curiosity, many of us have wondered if it is safe to buy, store and sell bitcoins in India. In the news recently for being the only payment method to pay ransoms to WannaCry attackers, Bitcoins can be used for a host of other things. And countries such as Japan and South Korea are leading the way. One of Japan's biggest electronics retailers, Bic Camera, began accepting bitcoin at two stores in Tokyo last month. Another Japanese firm, Recruit Lifestyle announced it will add bitcoin acceptance to its mobile point of sale tool AirRegi, which is used in 260,000 merchant and restaurant locations across Japan. Unlike paper currencies, Bitcoins cannot be minted, they can only be mined. There are only 21 million bitcoins that have been created. At present, only 16.8 million or 80 per cent of all the bitcoins have been mined. You can look for various digital currency exchanges to buy bitcoin. You can purchase Bitcoins with a credit card. Coinbase.com and Coindesk.com are the most popular exchanges. They also offer tutorials on digital currencies. 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 by making a payment to Zebpay's bank account. You can also withdraw the money to your bank account, and track data on Bitcoin valuation in the country. There is a KYC requirement and you need to verify your ID by simply clicking a photo of your PAN card. Unocoin, another India-based exchange, lets you Continue reading >>

How To Buy Bitcoin In India

How To Buy Bitcoin In India

Koinex has a reputation for availability of coins Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we've gone from blank stares when talking about cryptocurrencies to interest and demand that's hard to keep up with. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. So if you're in India and are looking to buy Bitcoin, you may want to use a local exchange. Buying Bitcoin isn't for the faint of heart though. Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment. There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traders , covering Bitcoin, Litecoin, Ethereum, Ripple, and more .  There's also the fact that the Indian government has said that Bitcoin can't be used as a part of the payments system. Speaking to the nation, Finance Minister Arun Jaitley reiterated that cryptocurrencies are not legal tenders, saying that their use "as part of the payment system" will be eliminated. However, the minister didn't explicitly mention anything about trading in cryptocurrencies like Bitcoin. Still, if you've done your research and want buy Bitcoins, there are a number of options in India. We started looking at such exchanges one year ago, and many of the exchanges we found at the time to be good options still remain active and have good reports from users. However, we have seen customer feedback on some of them turn sour, and there have been a few new entrants as well, which have received a posit Continue reading >>

How To Get Bitcoin In India

How To Get Bitcoin In India

I normally dont write about cryptocurrencies or finance on this blog but after my previous post where I mentioned Bitcoin as a PayPal alternative , a couple of people messaged me asking how can to buy bitcoin especially in India so I decided to take a few minutes to write this article. Note: I am not a financial advisor, this isnt investing advice. Bitcoin is subject to market risk therefore do proper research in the technology before investing in bitcoins. You can buy Bitcoin online and pay using bank transfer, debit card or internet banking. India has quite a few exchanges where you can buy and sell Bitcoin, here were top 3 picks but now I have a new favorite. I personally use and would recommend Zebpay and Coinsecure as Unocoin is limited in its features. All of the exchanges require you to be KYC compliant and you have to share your pan card and proof of address. The verification with Zebpay is supposed to take 3 days but mine was done in less than 12 hours. The price on these exchanges is going to be higher than if you Google, what is the price of Bitcoin or if you go to a site like Coindesk . Bitcoins used to not be easily available in India and Indians cant register or buy from the major exchangeslike Coinbase hence there used to be a 7-12% markup on all the exchanges (which is gone now). I use a site call Bitcoin rates to compare the prices across the Indian exchanges above when Im buying or selling Bitcoin, I recommend using Zebpay or Coinsecure . Recently I started using Koinex as well and I prefer it as it allows me to not only buy Bitcoin easily but also directly buy Ethereum, Litecoin, Ripple as well as Bitcoin Cash. Also if you check out Bitcoinrates.in you will see that Koinex often has the best rates out of all of the other exchanged mentioned previousl Continue reading >>

Reserve Bank Of India Regulations On Bitcoin Inindia

Reserve Bank Of India Regulations On Bitcoin Inindia

Reserve Bank of India regulations on Bitcoin inIndia Reserve Bank of India regulations on Bitcoin inIndia Laws about Bitcoin are in a gray area today across the world. I studied documents from the Reserve Bank of Indias public repository surrounding Virtual currencies and prepaid solutions. I happened to study two documents about Prepaid Payment and Foreign Exchange Management Rules, 2000. A person may come across the need to purchase them through Fiat Currencies (INR, USD, GBP, etc). Purchasing any e-currency and loading to an eWallet is regulated by the RBI. Although Bitcoin is in no way related to this, I wanted to see how close I could get to any laws that could present a roadblock. The RBI regulation on Prepaid Payment Instruments in India defines a lot of areas. After understanding the documents of RBIs guidelines and Rules, this is where I could find the only roadblock based on regulation. 3.2 Only banks which have been permitted to provide Mobile Banking Transactions by the Reserve Bank of India shall be permitted to launch mobile based prepaid payment instruments (mobile wallets & mobile accounts). In order to enter into the market; fiat is needed to purchase Bitcoin. Fiat will fade away as more people adopt Bitcoin. Until that frictionless free flow between consumers and merchants is made possible, this is a problem area for Bitcoins entry into India. Donations and sponsorships. There are enough Smartphones to cause this market to explode in any sponsors favor. Sell Services and goods for Bitcoin. Programming Skills, etc. Mining is too expensive at this stage, unless you have the latest and best equipment. Electricity is not expensive in India. If we keep fiat out of the system, then Bitcoin is unregulated in India. I spent some time on the Foreign Exchange M Continue reading >>

Bitcoin Price In India Is 9 Lakh: So What You Can Buy With Bitcoin In India Directly

Bitcoin Price In India Is 9 Lakh: So What You Can Buy With Bitcoin In India Directly

In the early hours of the morning, while you were fast asleep, the Bitcoin price in India just broke the 9 lakh mark. The crypto currency began its ascent in late November when it broke through $9000 (5.8 lakh) mark and has just not stopped gaining since then. Created by an mysteriousperson(or a group of persons, it remains unknown) called Satoshi Nakamoto, Bitcoin emerged in 2009 in the form of code and initially had no value. Its earliest known valuation is from mid-2010 when it stood at $0.06 which is less than 20. Bitcoin has come a long way in these last seven years, even surviving a crash in 2014 . Though the governments of the world are still trying to catch up with the new unregulated digital economy save for Japan, the country where the cryptocurrency originated Bitcoin has arrived. It is now a legit thing that is happening in the world, unbelievable as it may seem. Only recently, we were introduced to the first confirmed Bitcoin billionaires . And now, more rags to riches stories are crawling nay, tiptoeing out of the woodwork, it seems that theres no stopping it. So whether youre sitting on a pile of wealth and dont know what to spend it on, or have arrived late to the party and are wondering what good investing invirtual money will do you in the real world, weve drawn up a list to answer all your questions. Heres what you can buy with Bitcoin. Bitcoin price in India is 9 lakh: So what you can buy with Bitcoin in India directly The Reserve Bank of India (RBI) may have asked citizens to beware of Bitcoin on December 5, but it doesnt seem to have stopped people from buying. And its not just nerds crouching behind screens in the dark that are interested in it. According to Amit Bhardwaj, co-founder of Bitcoin mining pool GBMiners, the cryptocurrency is about to Continue reading >>

Coinsecure | India's Bitcoin Exchange

Coinsecure | India's Bitcoin Exchange

Trade Engine is the Fastest Realtime Bitcoin Exchange in India. We use highly secure and robust technologies to bring you a fast, efficient and easy to understand platform. Trade Engine uses a hybrid wallet solution to store your funds safely in Cold Storage with a small percentage of funds in the hot wallet for immediate withdrawals. The Coinsecure Wallet is our solution for an easy to use, fast and effective way to hold your Bitcoin. Get started without any Verification on India's Best Bitcoin Wallet. Continue reading >>

How To Buy Bitcoin In India From Zebpay

How To Buy Bitcoin In India From Zebpay

Home Bitcoin How to Buy Bitcoin in India from Zebpay By: Iftekhar | In: Bitcoin | Last updated: January 12, 2018 15 Are you new to this craze of Bitcoin and want to buy Bitcoin in India? Well, this article will answer all your questions as in this article I will be sharing a step by step guide on How to Buy Bitcoin in India using Zebpay App. Before starting the guide, I would like to inform you guys that investing money in cryptocurrency is always a risk. So, only invest an amount that you can afford to lose. Buying Bitcoin in India is not tricky as it sounds. An adult can easily purchase BTC from his bank account in India. There are many exchanges that allow you to buy Bitcoin (BTC) from your bank account. One of the most famous exchanges that I myself use is ZEBPAY. ZEBPAY is one of Indias First Bitcoin Exchanges and is used by many thousands of Indians. Instead of talking about Zebpay, let me directly start with the main topic of this article. These are some basic requirements that you will have to fulfill in any big exchange. Note: There is no risk in giving PAN Card Details. The exchanges are themselves companies and theyhave to maintain records of their users. Moreover, the Indian government will start imposing taxes on profits from Crypto Market, so its better we play by the rules. The first step is to download the Official Zebpay App from its official site or Google PlayStore or from this link . Always make sure to double check the app details before installing an app related to crypto. (Lots of scams happen in crypto industry). Once you download the app, you will have to make an account on it. The App will ask for your mobile number to verify the account. After you verify your mobile number, you will have to enter your remaining details. Set-up a PIN Code. Thi Continue reading >>

How To Buy Bitcoins In India: A Quick Start Guide

How To Buy Bitcoins In India: A Quick Start Guide

How to Buy Bitcoins in India: A Quick Start Guide Last updated on January 3rd, 2018 at 11:24 am If youre located in India and want to buy Bitcoin, youve come to the right place. Take a look at our guide to buying Bitcoin in India, which explores everything from the legality of Bitcoin to the best Bitcoin exchanges . Theres some ambiguity about the legality of Bitcoin in India. While Indias finance minister has stated that the government does not recognize Bitcoin as a legal currency , he went on to say that the country doesnt have any regulations governing virtual currencies. Needless to say, without regulation or outright prohibition, Bitcoins legality in India is something of a grey area. If anything, theres been an air of caution, with Indias central bank issuing a warning over Bitcoin as well as cryptocurrencies and ICOs in general. In December 2017, Indias tax authority raided Indian Bitcoin exchanges in an attempt to gather data on investors and potentially collect tax on their investments. Considering the size and population of India, it has the potential to be a huge market for Bitcoin. Bitcoins popularity in India is growing, with trading volumes increasing rapidly as evidenced by the LocalBitcoins volume in India . Google Trends shows increased interest in Bitcoin in India, with the search term Bitcoinexperiencing a huge spike in late 2017. A number of Indian Bitcoin exchanges have seen increasing demand. Indeed, Indian Bitcoin exchange Zebpay saw over 500,000 installations of the Zebpay Bitcoin app by May 2017. However, India is still a developing nation, and many are unable to afford substantial amounts of Bitcoin. Whats more, the countrys internet connectivity and speeds are quite behind those in other parts of the world. What are the main Indian Bitcoin c Continue reading >>

11 Exchanges To Buy Bitcoin In India (2017)

11 Exchanges To Buy Bitcoin In India (2017)

Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees. This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal . The easiest and basically only way to purchase bitcoins with PayPal or Skrill Comes with a price: it will cost around 10% in fees to buy with PayPal Continue reading >>

Indians Look To Buy Bitcoin Overseas As Regulations Tighten

Indians Look To Buy Bitcoin Overseas As Regulations Tighten

Indians Look to Buy Bitcoin Overseas as Regulations Tighten As cryptocurrency regulations start to pile up in India, a new trend is emerging for Indians to acquire cryptocurrencies from abroad, such as from relatives or friends with overseas accounts. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License The Indian government has recently intensified its efforts to strengthen the countrys regulations on cryptocurrencies, promising that a regulatory framework for them will be announced soon . Earlier this month, the Indian tax authority issued notices to 100,000 crypto traders asking them to pay taxes. The Blockchain and Cryptocurrency Committee (BACC), an industry group whose members include 7 cryptocurrency exchanges, is considering several initiatives, such as creating a databaseof crypto users and transactions, to comply with the governments mandates. The Times of India elaborated: With Indian exchanges like Unocoin, Zebpay, Coinsecure, keen on increasing regulation and scrutiny into transactions, bitcoin aficionados say buying from US exchanges is a more popular alternative for purchases. As regulations tighten in India, bitcoin enthusiasts are now tapping into their own NRI [non-resident Indian] network of friends and family members, the news outlet added. L R Dinesh is a bitcoiner who buys expensive items using bitcoin on overseas online sites. He told the publication, For the online tech community, there are some who receive bitcoins as payment for gadget and video game reviews. But for regular purchases, one has to get a relative or friend with an overseas account to send over bitcoins. Dana L Coe, the CEO of bitcoin hardware wallet Bitlox, believes that one of the main attractions of bitcoin is privacy, the news outlet conveyed. He expla Continue reading >>

How To Purchase Bitcoins Using Paytm In India

How To Purchase Bitcoins Using Paytm In India

How To Purchase Bitcoins Using PayTM In India By: Harsh Agrawal In: Bitcoin Last Updated: PayTM is Indias PayPal and Venmo. This is one of the most popular Indian payment gateway app that one can use to pay their online bills, Uber charges and Zomato fees among others. However, now you can also buy Bitcoins using PayTM! However, unlike other features, you cant buy Bitcoins directly using the PayTM wallet app. There are few websites from where you can purchase Bitcoins and pay using PayTM. Here Im listing two websites which you can use today to pay for purchasing Bitcoins right away using your PayTM wallet. Without any further delay, lets look at these trusted sites for buying Bitcoins. How to Purchase Bitcoins using PayTM wallet: Before you purchase Bitcoins from PayTM, here are a few things you should know: You can buy a part of Bitcoins for ex: 0.001 BTC rather than a complete BTC. You can purchase Bitcoins worth $100 (INR 6400) or less. However, I recommend you to buy at least 0.004 BTC minimum at any time. You can buy Bitcoins every month for a small amount and it will be added to your main Bitcoin wallet on these sites. Once you have a decent amount of Bitcoins (worth $500 or more), you should consider ordering a hardware wallet like Ledger which will help you store your Bitcoins for a longer period of time. If you plan to HODL your Bitcoins only for a short period of time, say 2-3 months, you can use a clean Android or iOS phone. There are mobile wallets such as Coinomi or Jaxx for storing bitcoins on mobile. Alright, I assume the above pointers have helped you understand the basics before purchasing bitcoins and keeping it secure. Lets get to the point and buy some Bitcoins using PayTM. LocalBitcoins is a P2P exchange which helps connect the buyer and the seller Continue reading >>

Buying Bitcoin In India

Buying Bitcoin In India

Buying Bitcoin is a fairly simply process, and can result in big rewards, but there are some things that everyone needs to know before getting started, and this guide will cover them. The issue of Bitcoin regulation in India is a bit of a murky area. Cryptocurrencies arent illegal, but theyre also not recognised as legal tender that means they cant be used in the same way as traditional money. It is, however, still perfectly fine to buy and invest in Bitcoin and other cryptocurrencies, and to buy Bitcoin online INR is a widely accepted currency. The Reserve Bank of India has spoken out against cryptocurrency on a number of occasions, and has warned people to purchase it at their own risk, but again there are no laws in place that prohibit buying Bitcoin in India. One important thing to note is that Indian citizens must still declare and pay taxes on any money they make through trading cryptocurrencies. This is treated the same as any financial gain, so follow the usual rules! The good news for Bitcoin enthusiasts in India is that there is a large and growing community of like-minded people in the country. There are plenty of places online to discuss the topic and share information, such as the Bitcoin India Facebook page and the India section of the BitcoinTalk forum. There are also lots of exchanges built specifically for trading Bitcoin in India, such as UnoCoin and Zebpay , and many more that work internationally, like LocalBitcoins . In addition to this, there are even some shops and restaurants that now accept Bitcoin, and it looks like there could be a thriving cryptocurrency infrastructure in India not too far in the future. For those who cant wait to purchase in Bitcoin India could be the place to watch. While Bitcoin is the most well-known cryptocurrency out t Continue reading >>

Buyucoin | India's First Multi Cryptocurrency Wallet And Exchange, Buy And Sell Cryptocurrency In India, Buy Bitcoin In India

Buyucoin | India's First Multi Cryptocurrency Wallet And Exchange, Buy And Sell Cryptocurrency In India, Buy Bitcoin In India

BuyUcoin is India's market leader in Cryptocurrency landscape. We provide the simplest and trusted platform to trade, store, use and accept cryptocurrencies like Bitcoin, Ethereum,Litecoin, Bitcoin Cash etc. With over 15,000+ customers that vouch for the ease with which BuyUcoin enables cryptocurrency activities, we are on a mission "To bring cryptocurrency in a million pockets." Street No. 3, Naiwalan, Karol Bagh, New Delhi 110005 Continue reading >>

Buy Bitcoins Instantly In India

Buy Bitcoins Instantly In India

Invest in bitcoin easily and securely. Paxful is best place to buy, sell and send bitcoin with over 300 ways to pay for bitcoin including bank transfers, gift cards, Paypal, Western Union, Moneygram, your personal debit/credit cards and many more! Over 10 000 bitcoins already sold in India! Select from top payment methods in India. Or find any other payment method from selection below top methods. Paxful is a Peer to Peer Bitcoin marketplace connecting buyers with sellers. Simply select how you want to pay and type in how much Bitcoins you need. Our mission is to give working people a simple, fair and secure platform for trading the value of their work. Often our biggest problems revolve around money, earning it and transporting it. We are dedicated to unlocking the power of people by building a global peer to peer payment logistics platform of the future. Paxful is PayPal + Uber and the peoples Wall Street. Help other people in India get bitcoin and you can earn BIG profits up to 60% on each sale. Start selling with your local bank account now, see our free guide . Paxful gets 1000's of bitcoin buyers from India every day. Know alot of people who want to buy bitcoin in India? With your Bitcoin Kiosk and Affiliate program you earn 2% on each trade forever by just sharing a link. Get started now . Bitcoin is a digital asset and a method of payment. :country_name makes it easy to convert your gift cards into bitcoins and out of bitcoin. Bitcoin has become a valuable asset in our digital world. You can think of it as an internet version of gold. Like gold, bitcoin price has been fluctuating and it's expected to see steady growth in bitcoin price, especially when economic times are fragile. After receiving bitcoins you can do whatever you like. You have option to hold them Continue reading >>

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