As it stands, bitcoin buying, selling, trading, or mining is not illegal by any law in India. Tellingly, the publication's source also adds that any decision that ruled the cryptocurrency to be illegal in India would mean that India's nascent but growing bitcoin industry will have to shut down.
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In spite of that, how can I buy Bitcoin in India?
You can purchase Bitcoins with a credit card. Coinbase.com and Coindesk.com are the most popular exchanges. They also offer tutorials on digital currencies. In India, you can purchase Bitcoin from Zebpay exchange.
On another note, is Bitcoin approved by RBI? The Supreme Court invalidated a Reserve Bank of India (RBI) ban on crypto payments on March 5, allowing banks to do business with crypto exchanges. ... The Supreme Court invalidated a Reserve Bank of India (RBI) ban on crypto payments on March 5, allowing banks to do business with crypto exchanges.
In addition to that, is Bitcoin profitable in India?
Mining bitcoin is energy intensive. ... Nowadays, GPU mining is the only option left for the Indian miners, but it is not profitable and, even then, the legal status of mining in India is not clear.
How can I sell my bitcoin in India in 2020?
Today, you will learn about some of the best sites in India where you can sell Bitcoin and earn money....How To Sell Bitcoin In India: 5 Best Websites [2020]
BitBNS - Instant Withdrawals | Yes | Sell on BitBNS |
Localbitcoins - Sell Bitcoin in India using P2P Method | No | Sell on Localbitcoins |