Is buying bitcoin safe in india

They can help you buy, sell, store, use and accept bitcoin. However, users may advertise trades for whichever payment method they prefer. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Quick Links. Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Depending on your requirement, you can choose a wallet. Want to buy using Coinmama?

Crypto exchanges are facing the music

Note: This tutorial is for residents of India. Have you been planning infia buy your first Bitcoin in India? Well, today is a good day for you. In this step by step guide, you will learn how to purchase your first Bitcoin in India. I will be doing a detailed guide on Localbitcoins in coming days. If you iz to know about all of the other popular Bitcoin websites including exchanges in India, read this detailed post.

Crypto exchanges are facing the music

Last Updated on December 7, at pm. How to buy Bitcoins in India? This is not a recommendation to buy bitcoins and I do not hold any. The reason I am writing this is that the bitcoin and cryptocurrency community is filled with unsavoury pump and dump characters who can easily fool and misguide new investors. First of all, this post is not a recommendation to buy bitcoins.

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Last Updated on December 7, at pm. How to buy Bitcoins in India? This is not a recommendation to buy bitcoins and I do not hold any. The reason I am writing this is that the bitcoin and cryptocurrency community is filled with unsavoury pump and dump buyingg who can easily fool and misguide new investors. First of all, this post is not a recommendation to buy bitcoins. I do not hold any and do not intend to. I have written this with inputs from a student at IIT, Madras who values her anonymity.

Second of all, I would strongly discourage anyone above the age of 35 to fool around with their hard earned money at this stage in their life. Younger Indians have the youth, and the time to play with Bitcoin. Otherwise, the world will bulldoze us aside. One does not need to buy to learn, but if you must invest, then do so because you wish to understand the technology and think it can change the way you operate.

Do not buy because of fear, do not buy because of greed. It can blind you. If you wish to buy bitcoins do so with money that you can afford to lose ubying.

Put some money botcoin leave it alone for a few months. If it increases, pull it out and buy yourself something fancy or go on a trek. That way you will not get hurt. Bitcoins are not suitable for serious investing. If want to be a Bitcoin hodler slang for long-term bitcoin investor or hoarder then do so at your own risk.

If Bitcoins are too expensive to buy even in 0. Bitcoin does not fit into the usual definition of a financial asset and therefore cannot be called a bubble. A Pyramid Scheme? Or a Bubble? The Indian government has warned that it is bying risky to be used as an investment but has not banned its usage. However, it could make buying bitcoins or any other form or cryptocurrency illegal. Once it does, you will have to say goodbye to your investments. So be prepared for. Bitcoin profits are not capital gains.

Needless to say, there is a lot of unsavoury jugaad going on. If you wish to directly buy cryptocurrency in India with INR, then your choices are limited. There are two exchanges which have decent feedback in social media: Zebpay and Koinex. Zebpay is available only as an app. I have not used it, but if they are going to send double authentication sms to login, then it makes no sense to have that sent to the same device.

Double authentication requires two different sources buyingg two different devices to be secure. So I will discuss the basic steps to buy bitcoins in India via Koinex. So I see no harm in writing about relevant information with all necessary disclaimers. Only those who wish to read disclaimers will bother to read. My conscience in this matter is clear: better to DIY Bitcoin buying if interested rather than listen to bad advice and lose money in initial coin offerings in an hope to gain big and then shift to Bitcoin.

I will again repeat the disclaimer: I do not hold any kind of cryptocurrency. I do not recommend buying any kind of cryptocurrency. This post is only for those who have already made up their minds to buy bitcoins with INR. It is possible that this post may inspire some. Well, that cannot be helped. This is a snapshot of the top ten from a huge list.

Only a handful and that is more than. You can buy Neo from an exchanged called BuyUcoin, but I do not know about it. Step 1: Understand the risks, read the disclaimer in this post and never ever put big money.

Play with it if you ineia, but do not mix business and pleasure. Stay away from people who post referral links that promise you a welcome gift petty change in INR. They will also be paid the same petty change. Step 4: Once your account is approved, you can transfer money from your approved bank account via NEFT or via online transfer buyinf a fee. Step 7: Login again after a month and check your luck. If must invest again, do so with only money that you afford to lose. You will know the meaning of that sooner or later.

This is a major downside, but the only alternative is to convert INR to USD, sign up at a foreign exchange and then botcoin. If you want the lowdown on this, search in Quora and DIY. Do not buy and hold assuming 1 bitcoin will be worth millions in the future. Bitcoin investments are subject to time value of money. They can go for years around a price range and not provide any sizeable return. Have you seen how James Bond operates? If he suspects someone, he would go straight to their home or office and threaten them without actually doing so.

That is he would ruffle a few feathers. Only those who take risks can make gains. So I salute those who have taken the risk to invest in Inda. Live long and prosper.

None of the above contents or any post in this site should be construed as investment advice. Proceed with extreme caution when it comes to bitcoins and other is buying bitcoin safe in india. I will not be responsible for your losses and therefore I am not responsible for your gains. And I will respond to them indiia the next few days. I welcome tough questions. Please do not ask for investment advice.

Before asking, please search the site if the issue has already been discussed. Thank you. I am only talking about investing bits and piece. Taking coins in and out is a pain bitcoi small sums. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email.

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