Bitcoin Investment in India

Anisa Batabyal
| 02 June, 2020 | 2 min

India is flocked with crypto enthusiasts, and the moment crypto became legalized on March 4, 2020, there was a state of frenzy all over the Indian cryptizens. There have been ardent crypto followers from across the Indian sub-continent, even before the Supreme Court of India lifted the banking ban imposed on the crypto firms. Now, crypto enthusiasts can trade without any fear or doubt. Over ten years later, Bitcoin has grown rapidly and evolved to connect with the needs of its ever-burgeoning user-base. Not only that, but there are also exchanges and crypto-specific organizations which have already been contemplating the crypto potential of the Indian market. Many organizations like Binance has approached the Indian economy by funding and acquisitions of specific startups. Buy BTC in India at the best rate at one of the best cryptocurrency companies in India- CoinSwitch.

Why Should You Invest in Bitcoin in India?

There are many reasons as to why you should invest in Bitcoin in India, of which the most eminent ones are as follows:

#1 Bitcoin is an Asset

Bitcoin is considered as an asset across the world, so once you invest in Bitcoin, you can hold it, and keep on getting returns as and when you want it. Bitcoin is the most popular cryptocurrency, looked upon by the cryptocurrency experts, investors, and enthusiasts, waiting for the bullish impact. Moreover, Bitcoin is going to go through its third halving process in less than a month, which is considered to be one of the biggest crypto events in 2020. This certainly has a larger impact on Bitcoin price in India and miners, as the block reward is going to reduce to 6.26 BTC.

#2 Blockchain and Bitcoin is Booming

The blockchain technology has become one of the most popular technology with time. The fact that Blockchain and Bitcoin are so much embraced and appreciated, this might lead to the future of money and technology. Bitcoin is over a decade old, and every year, it shows how updated and progressive it is becoming, with the new technology upgrades, leading to more user satisfaction and scalability. Bitcoin is the best option for you if you value privacy and anonymity. You can convert INR to BTC at the best rate

#3 Bitcoin Supply is Limited

Bitcoin has only a maximum supply of 21 million, of which 18.3 million has been mined. Bitcoin is scarce in nature; hence its demand is ever-rising. This is the main reason why Bitcoin is considered one of the most valuable assets ever. Bitcoin is similar to gold in ways that both are assets, and both are mined. The only difference is gold is mined from the ground, and Bitcoin is mined after solving complex algorithmic problems.

#4 Decentralized Money Transfer

Bitcoin is a decentralized digital currency, which means there’s no third party or entities involved like bans or other financial institutions. You can send, receive, and store Bitcoin, with a secure private key that belongs exclusively to you, which means you are the only one who can access your funds. Sometimes, international transactions need a lot of formalities to be taken care of, with fiat money. But in case of Bitcoin, you can send and receive as and when you want, to anyone across the world. Due to the Lightning Network, Bitcoin can process millions of transactions per second.

#5 High Adoption Rate

Bitcoin has the highest adoption rate when compared to other cryptocurrencies, mostly because of its popularity and acceptance. Around 1.3% of the world’s population hold Bitcoin, considering that there are around 25 million cryptocurrency traders outside the USA & Europe, as per Chappuis Halder study. Very recently, the Chinese court has named Bitcoin as virtual property. There’s a tremendous rise in Bitcoin user flow recently on account of Coronavirus Pandemic, where most of the people are under lockdown. Buy and sell Bitcoin in India, and join the crypto revolution in India.

FAQs on Bitcoin Investment in India

  1. Is it good to invest in Bitcoin in India?

Bitcoin is considered as a popular asset, and it’s worth investing in it.

  1. Is Bitcoin dangerous to invest in?

No, Bitcoin is considered safe and legal to invest in, and you can track the price flow chart on a regular basis.

  1. Is it possible to buy bitcoin in India?/ Can we trade cryptocurrencies in India?

Yes, you can buy Bitcoin easily in India by going here. The steps are pretty simple on how to invest in Bitcoin in India. CoinSwitch is one of the best Bitcoin companies in India, as per the Bitcoin India review.

  1. Are bitcoins banned in India?

No, Bitcoins are completely legal in India, and the Supreme Court of India lifted the crypto ban on March 4, 2020. It’s best to stay informed on how to invest in cryptocurrency in India.

  1. How to start investing in Bitcoin in India?

You can go here to start investing in Bitcoin in India easily and instantly.

  1. What is the minimum investment size of Bitcoin in India?

It varies from exchange to exchange. For CoinSwitch, the minimum investment amount is Rs 100.

  1. How can an Indian invest in Bitcoin?

For an Indian user, investing on Bitcoin became quite easy, as the Supreme Court of India lifted the crypto ban in India on March 4, 2020, You can invest in Bitcoin easily here.

About CoinSwitch is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!