The grand old cryptocurrency has had plenty of aficionados in the Indian crypto space. Consensus and YouGov conducted a global survey on crypto and Web3 in unison. They published a report on June 23, revealing that 32% of Indians had bought cryptocurrencies at some point, and 21% still owned digital assets. It also revealed that Bitcoin (BTC) dominated the cryptocurrencies purchased.

Levying a 30% tax on income received from digital assets didn’t dent the sentiment in the country regarding cryptocurrencies. According to a report published by the KuCoin cryptocurrency exchange, the digital assets market in India is expected to clock $241 million by 2030.

As the world’s most populous country, with 1.4 billion people, India comes across as a country with millions of prospective cryptocurrency investors. Based on data from the United Nations Economic and Social Commission for Asia and the Pacific, 68% of this demographic falls within the 15–64 age range, indicating a higher likelihood of interest in cryptocurrencies such as BTC.

This article explains how to buy Bitcoin in India on centralized and decentralized exchanges, systematic investment plan (SIP), over-the-counter (OTC) deals or direct peer-to-peer (P2P) exchanges.

How to buy BTC on a centralized crypto exchange in India

Catering to millions of prospective Bitcoin buyers, there are hundreds of centralized exchanges operating in India, both local and multinational. One needs to check factors such as ease of use, security and low fees when zeroing in on an exchange.

One needs to complete the exchange registration process, including verifying their phone number and email. The next step is Know Your Customer (KYC), a government-mandated pr

Go to Source to See Full Article
Author: Dilip Kumar Patairya

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details