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Bitcoins in India: Online trading, exchange price and other things you need to know

Bitcoins in India: Online trading, exchange price and other things you need to know
Written by Shilpi Gupta
After 300 percent price rise in a year, Bitcoin has become an interesting Investment option for everyone. Bitcoin has instilled curiosity and excitement for investors and despite it fear of risk is prominent, whether to invest in Bitcoin safe or not. Bitcoin recently got highlighted in the news during Ransomware attack as hackers looked keenly interested in bitcoins. Most of the malicious transactions now days by hackers involves bitcoins. Last month Japan’s biggest electronics retailers, Bic Camera, began accepting bitcoin at two stores in Tokyo.
At present, there are only 21 million bitcoins available in the market. By the end of the year, the crypto-currency will continue to grow to the £14,999 or $20,000 per token price point, according to CoinDesk. One can buy Bitcoins with a credit card at Coinbase.com and Coindesk.com as these are the most popular exchanges. They also offer tutorials on digital currencies.
In India, Bitcoins are available at Zebpay exchange. Zebpay has Android and iPhone app which lets you link your bank account for quick transfers. Bitcoins can be bought at the Zebpay bank account and one can withdraw the money to their bank account. KYC is required in Bitcoin trading in India.
The Value of one Bitcoin is 1116662.77 INR today and the complete lot of 10 Bitcoins will cost you 10,98,961 Rs. Many investors include Cryptocurrencies like bitcoin, ether, litecoin, and XRP in their portfolios.

How to trade Bitcoins in India

1. Open your account with www.koinex.in, www.zebpay.com, www.coinsecure.in
2. Fill the KYC form.
3. Link your bank account to the trading platform.
4. Check the difference in the BUY n SELL prices of Bitcoin
5. Check the transaction and other charges levied
6. use Google Authenticator if allowed
7. Turn on PIN LOCK to use the App, and lock outgoing bitcoin transactions to avoid unauthorized use of app, provided it allowed
Bitcoin currency to INR
15.12.2017 : 1 Bitcoin = 1116662.77 INR

About the author

Shilpi Gupta

Food Technologist by Profession and Blogger by Destiny. love to write articles on food technology, spirituality and social issues.

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