How to buy Bitcoin safely?
How to Buy Bitcoin Safely
To buy Bitcoin safely, use a regulated exchange or app that operates in India, complete KYC, and fund your account via UPI or bank transfer (avoid unknown payment links). Use a strong, unique password and enable two-factor authentication (2FA). Never share your password, 2FA codes, or recovery phrase with anyone. Start with a small amount. For larger holdings, consider moving Bitcoin to your own hardware or non-custodial wallet so you control the keys. Be wary of anyone promising guaranteed returns or asking for your keys; those are scams.
Tax and Records
In India, gains from selling Bitcoin are taxable. Keep records of purchase date, amount, and cost so you can report correctly.