As Bitcoin is really getting popular, I think it's the right time to spread awareness of it, to those who still don't know what Bitcoin is. So let me start with What Bitcoin is.
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency which basically removes the dependency on banks in order to exchange money.
Some of the benefits why you should invest in Bitcoin:
- User Anonymity
- No Third-party Interruptions
- Purchases Are Not Taxed
- Very Low Transaction Fees
- Mobile Payments
Is it legal in India to trade in Bitcoin?
Bitcoins are not illegal in India. There are some countries that have accepted Bitcoin legally, like:
- United States
- South Africa
- Canada and a lot more
But there are some countries where Bitcoin is banned and can't be trade-in, like:
- China
- Russia and a lot more...
If you are interested and want to invest in Bitcoin there are a lot of Indian Based companies registered with NASSCOM that provides a platform to trade in Bitcoin.
The above two are top-rated companies in India, which after completing KYC (Know Your Customer) help you to trade in Bitcoin.
The above two options mentioned are about trading, but if you want to mine the Bitcoins, then
is a good option. Here you can buy frequency and you can start mining Bitcoins.