How To Buy Cryptocurrency In India Legally?

Legality of crypto remains unclear in India but buying is not banned; use registered Indian exchanges after KYC to purchase legally.

Top coins like Bitcoin, Ethereum, Cardano widely traded; compare platforms like WazirX, CoinDCX, CoinSwitch for best rates.

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Must complete full KYC verification on exchange by providing PAN, Aadhaar, address proof to comply with regulations.

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Fund exchange accounts via UPI, net banking, credit cards or P2P payments; compare transaction fees for best deal.

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Place order for desired crypto coins like MATIC, DOT, and ADA; can buy fractional quantities based on INR spent.

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Withdraw crypto from exchange to software hot wallet or hardware cold wallet for security; avoid large holdings on exchange itself.

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Selling process similar to buying on Indian exchanges; capital gains tax applicable on profits so maintain records.

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P2P crypto trading in India growing; allows direct buyer-seller transactions via bank transfer, Paytm etc.

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Despite risks, crypto adoption rising steadily in India; educate yourself thoroughly before investing in this volatile asset class.

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The future of crypto positive but prudent investing essential; beware of scams and use trusted platforms advised by experts.

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