Can I trade Bitcoin from India?

That is a standard question that a lot of investors have been posing to their brokers and their financial advisors. The answer is that there is nothing barring you from buying and selling Bitcoins in India.

What is the best platform for bitcoin trading in India?

Unocoin is one of the oldest cryptocurrency exchanges in India, having been established in 2013, well before cryptocurrencies were big in India. The platform at the moment boasts about 1.5 million (15 lakh) registered investors.

How can I invest in Bitcoin in India?

You can do it via Know Your Customer Verified (KYC). You need to submit your personal documents, such as PAN card, address proof, bank account details. Make sure all these details belong to you — only the one person wanting to invest in Bitcoins. There is no set structure for trading in cryptocurrencies.

Is there Bitcoin ATM machine in India?

The first crypto ATM was set up in India in 2018 at Kempfort Mall on Old Airport Road in Bengaluru, allowing a minimum of Rs 1000 for both deposit and withdrawal. It was set up by Unocoin, an Indian blockchain solutions company.

Is Bitcoin taxable in India?

In India, there are no specific guidelines on the taxation of cryptocurrency in the Income-Tax Act, 1961. But taxpayers need to report transactions if they have invested in cryptocurrencies and gained from those investments.

Can we buy Bitcoin in Zerodha?

No, you cannot trade in Bitcoin or other cryptocurrencies using your Zerodha account. Since Zerodha is a SEBI (capital markets regulator in India) registered entity, we can only offer products that have been explicitly approved by SEBI.

Can I buy Bitcoin for 10000 rupees?

Initially, you can allocate Rs. 10,000 to buy bitcoin and understand the cryptocurrency marketplace. Once you are comfortable then you should increase your bitcoin investment amount.