Bitcoin had started off a decade back, and now it has turned out to be more of emotion for the crypto traders and enthusiasts who get affected by its low and thrilled by its highs. Now, in 2020, when the world is fighting against a critical pandemic, Bitcoin is something that is keeping the traders, and the crypto aficionados latch onto the exchanges and candlestick charts.
Some of the countries embraced Bitcoin, other just acknowledged it, and most of them adopted it. India came a bit recently to the picture, as on March 4, 2020, the Supreme Court of India lifted the banking ban imposed on crypto firms, after going through over a year-long hearing (Bitcoin news India Supreme Court). And, it has been finally marked as a big win for the Indian crypto enthusiasts and became a part of the Bitcoin legal countries list. Now, the question of whether Bitcoin is legal or illegal in India has been solved. Convert INR to BTC at the best rate easily. Now that India has officially entered the Bitcoin legal countries list, there is no going back. You might be having questions as to is bitcoin mining legal in India, is it legal to buy Bitcoin in India. All your questions are being answered here.
Now, that this is being supported by organizations worldwide, this is indeed the best time to acknowledge and educate about Bitcoin.
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#1 You can buy BTC in India by going to this page, after which you will come across this window. On the left converter tab, you choose INR and put the amount of INR you want to invest in converting into Bitcoin. You can choose the crypto you want to convert into, in the right-hand tab. You have to put the Bitcoin address, where you will receive the amount once the transaction is complete. Click on “ Continue”.
#2 Then you will get this window, where you have to fill in the details to finish the KYC (Know Your Customer) process, which won’t take more than a couple of minutes. After verifying the details, click on “I agree to the terms and conditions” and click on “Pay now” button. Your transaction has been completed. Now, just relax till you receive Bitcoin in the given address.
Yes, it is absolutely legal to buy Bitcoin in India as the Supreme Court of India has lifted the ban on cryptocurrencies.
Considering the enthusiasm and the potentiality of the market, it is quite certain that Bitcoin has a good future in India.
Bitcoin ATMs are going to be functioning fully very soon; then you can withdraw.
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