How to Buy Bitcoin in India After Supreme Court Legalizes Cryptocurrency?
The Supreme court of India has finally legalized the usage of bitcoin across India. This has relieved cryptocurrency traders to a greater extent. The world of virtual or digital currency is vast and ever-growing, and Bitcoin is amongst the famous and supergiants of the industry.
The legal cryptocurrency news in India has left the tech-savvy traders and even local users keen to know how to buy bitcoin or any other digital currency in India. Here is a simplified guide explaining the process.
How to buy digital currency in India?
Digital currencies have generated interest among the Indian Investors and Traders for a long time. However, the unclear regulation and distrust of the central bank of India had proved a hindrance to its adoption. Yesterday's news on SC curbing the ban by RBI had bought about a positive response in the overall crypto market. As an Indian or a user of INR, you can buy/sell/trade Cryptocurrency in India in the following ways:
Use an Exchange
A Cryptocurrency exchange enables users or traders to buy any digital currency from verified and reliable sites. Platforms like PCEX Member offers trader, investors and daily users to buy, sell or trade crypto using INR through their bank accounts. Not only that it also offers a Sub Broker Program to those interested in opening their Own Trading Business.
Browse a P2P Directory
A P2P or Peer to Peer Directory helps the traders to easily check the bitcoin prices and buy them effectively using their fiat currency like INR. The online traders have to link bank accounts, upload their money and buy cryptos effectively. P2P directories are the peer apps and websites that provide a platform to convert Fiat to Crypto and Crypto to Fiat.
Now buying a bitcoin and using cryptocurrency is legal in India. The current price as of March 5, 2020, of BTC, is Rs 6,65,751.88. And the overall market saw green in almost all of its Top 100 Cryptos, which reflect a positive sentiment to the judgment by the Indian Supreme Court.
