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Which is the best way to invest in Bitcoin in India?
People who are keen to buy Bitcoins should go to bitcoin exchanges. There are many platforms in India where one can buy cryptocurrency from exchanges like Coinbase and Coindesk. But in India, one can buy Bitcoins from ZebPay. For buying Bitcoins, one can do a transfer from your bank account into ZebPay.
How can I legally invest in Bitcoin in India?
How to Buy Bitcoin in India Legally? First investors should submit basic documents including the Aadhaar card and PAN card. Thereafter, they should complete the KYC process completely. In order to buy Bitcoins, an individual must place an order for his/her purchase on a cryptocurrency exchange.
How to invest in bitcoin in India?
The easiest way to invest in bitcoin in India for a beginner is to buy bitcoins on the exchange platform. You can start a bitcoin investment by selecting an exchange to open an account, transfer money and use your money to buy bitcoins.
How much Bitcoin do I need to buy to start investing?
But you need not buy one Bitcoin to begin investing with. You can start with buying a part of the Bitcoin. The minimum amount that is needed to begin investing in Bitcoins is around Rs.500. Check on Google to know the latest price of Bitcoin in INR.
How can I start earning bitcoin without changing jobs?
So if you want to start earning Bitcoin but don’t want to change jobs, Bitwage can help you with that. Bitwage is a bitcoin payroll and international wage payment service that that converts your salary into Bitcoin (and more). This can be done by giving the bank account number provided by Bitwage to their employer.
Is investing in Bitcoin a good idea?
Investing in bitcoin is risky because of the heavy price fluctuations. You need to have patience and understanding of the price movements. You need to have a medium to the long term holding period. Bitcoin prices change every moment and without the understanding of the market you can end up losing a substantial amount of money.