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There is still a lack of clarity on the tax front on bitcoin investment in india. Coinbase, the largest platform to buy and sell cryptocurrency in the u.s., is set to make its. Since jul 2018, buying and selling of bitcoins, other cryptocurrencies is banned by the reserve bank of india. Cryptocurrency exchanges are operational for 24 hours and you can place order anytime. Or maybe you just want to trade other currencies (fiat or crypto) and hold bitcoins if you are convinced that their value will still go up.
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Trading is the simplest way you can invest in bitcoins.
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People investing gold in india always find it difficult to sell when the need arises due to the sentimental ethos attached to the asset class. Would you be able to and would it be a good idea for you to put resources into bitcoin? All you have to do is sign up with an exchange of your choice and complete the kyc process. If you continue to use this site we will assume that you are happy with it. Take a look at our complete guide to bitcoin if you need a primer on the history.
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The minimum amount that is needed to begin investing in bitcoins is around rs.500.
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Therefore, it fails as an investment class asset.
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