How to Buy Bitcoin in India

How to Buy Bitcoin in India

What is Bitcoin?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

Know more Here http://money.cnn.com/infographic/technology/what-is-bitcoin/

The following 1 Bit coin priced against INR

https://www.google.com/finance/chart?num=100&dcr=0&q=CURRENCY:BTCINR&tkr=1&p=5Y&chst=vkc&chs=267x94&chsc=1&ei=dzQAWuakG8G70ATcmaT4BA

Today at 3:40IST ZebPay : B Buy Price : ₹ 500,417    Sell Price : ₹ 490,409

Where to Buy?

There are various site and app using which you can buy bitcoins

Unicorn

Bitxoxo

Zebpay - We used this and found easy to use APP.

Coinbase

The above sites use transaction charges when you add money to their wallat. So do check transaction charges before getting onboard.

Crypto currencies are not regulated

The Bitcoin and other crypto currencies are not regulated by governments in most of the countries. Recently, Reserve Bank of India also issued a statement stating that it is uncomfortable with "non-fiat" crypto currencies like Bitcoin.

"Any user, holder, investor or trader dealing with virtual currencies is doing it at their own risk," the RBI had cautioned on its website in February this year. The RBI has been repeatedly flagging concerns on virtual currencies like Bitcoins, stating that they pose potential financial, legal, customer protection and security-related risks.

Best of Luck if you buy and make some proft.

 

 

 

 

 

 

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