If you are looking to buy and sell bitcoins in India, We have a step by step guide for you.
Bitcoin is one of the most popular cryptocurrencies around the world, because of 300% increase in its value in just a single year.It is said that anyone who would have invested Rs 1000 in 2010 in bitcoin, in today’s time they would have worth of Rs 66Cr.
Because of such a boom, this is the reason many people are looking to invest in Bitcoin nowadays.
In case you are also looking for buying and selling Bitcoins in India, here’s a step-by-step guide:
Step 1: Find a Bitcoin wallet
Step 2: Create an account
You can create an account on any of the bitcoin exchange.
Once registered you will be asked to have your KYC, for KYC you will have to upload your PAN CARD, ADHAR CARD and other bank details on their app or website.
It may take 2-4 days to approve your KYC, depends on the exchange you are using.
Step 3: Start Buying and Selling Bitcoins
Once your KYC completed, you can start to buy or sell bitcoins, you just have to add money from your bank account to their wallet and then you can buy Bitcoins from that and you can transfer Bitcoins converted INR to your bank account also.At present, the value of bitcoin has reached to very high so you may not be able to buy the whole Bitcoin but still, you can buy a fraction of it. Similarly, you can sell you Bitcoin in the same manner