How can I trade cryptocurrencies in India
Is buying Bitcoin and other cryptocurrencies legal in India?
Yes. Investors can buy Bitcoin and other cryptocurrencies from government registered exchanges in India. However, it cannot be used as a currency and is only an investment product.
How do I know if I am buying crypto from the right platform or exchange?
All crypto exchanges in India are required to be registered with the FIU (Financial Intelligence Unit- India). You'll be required to do the KYC (Know Your Customer) by the an Aadhar Card and PAN card to the platform.
How do I go about buying Bitcoins?
Once you are registered with the FIU-approved platform, you can choose to buy Bitcoin directly for a specific amount, or choose a systematic investment plan (SIP) as per the services offered by various platforms.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
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