What is the status of bitcoin in India?

uquid

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Quote from: Benson Samuel on June 04, 2013, 10:39:36 PM

Quote

Is bitcoin popular in India?

Few press releases, events, etc. It is in a nascent stage, but bound to catch on.

How many bitcoiners in India?
We have an estimate pegged at around 10K, could be more.

Is bitcoin legal to be spend in there?
BTC - BTC is perfectly fine. BTC - INR should be answered quite soon from the legal perspective.

Is it legal to open an bitcoin exchange there?
Heavily regulated, but possible. buysellbitco.in is working his shop after a lot of legal consultation.

How India people buy bitcoin?
buysellbitco.in, localbitcoins.com, irc-otc & the forums.

It really useful information
Thank for share

nkc007

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BitCoin has become popular these days in India among many youths. It is helping many people earn their livelihood. Student are using it for many different purposes. I think it will become a very popular platform for online earning in future. Payments will be made through bitcoins easily.

masakali

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I have to say Zebpay is really popular, I have seen many people buy bitcoins through this app just to get a 500 Rs discount on their Amazon and Flipkart cards.

Definitely recommend Zebpay and we also need more of the same please.

Also if you are looking to invest money and play your cards right, BTC can offer you close to 70-80% YTD margins on your initial investments, think about that for a second and let it sink in while most MFs and Insurance schemes top at 15-20%.

Also if you were in the USA previously or have access to a USD bank account from your friend or family, you can buy BTC from Coinbase and sell it instantly on Localbitcoins.com India site for atleast a Rs 2000 profit due to the markup price.
If you trade smartly you can make lakhs and even crores of rupees a year.

@prashant

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Quote from: HorseRider on June 04, 2013, 10:36:37 PM

Is bitcoin popular in India?
How many bitcoiners in India?
Is bitcoin legal to be spend in there?
Is it legal to open an bitcoin exchange there?
How India people buy bitcoin?

Thanks in advance.

If you thinking on planning to open any btc service then it has bright future in india.i do not know about elder ppl as they trust on investing in insurance but among teenager it is very popular.

shivam72

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How can people easily buy bitcoin in India?

There are many bitcoin companies but Buyucoin provides easiest wat to buy bitcoin online in India. Visit it http://www.buyucoin.com

Benson Samuel

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Quote

Is bitcoin popular in India?

Few press releases, events, etc. It is in a nascent stage, but bound to catch on.

How many bitcoiners in India?
We have an estimate pegged at around 10K, could be more.

Is bitcoin legal to be spend in there?
BTC - BTC is perfectly fine. BTC - INR should be answered quite soon from the legal perspective.

Is it legal to open an bitcoin exchange there?
Heavily regulated, but possible. buysellbitco.in is working his shop after a lot of legal consultation.

How India people buy bitcoin?
buysellbitco.in, localbitcoins.com, irc-otc & the forums.

HorseRider

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Is bitcoin popular in India?
How many bitcoiners in India?
Is bitcoin legal to be spend in there?
Is it legal to open an bitcoin exchange there?
How India people buy bitcoin?

Thanks in advance.

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