How to Buy Bitcoin in India after RBI ban
Hello Friends !! With this article I would like to clear some misconceptions regarding the Bitcoin trading in India. Some feel that RBI has banned the cryptocurrency and you cannot buy it.
It is very important to note that Indian government does not recognise cryptocurrency as legal tender. It means they do not authorise to make sale purchase of various goods in return with exchange of Bitcoin. Meaning to say, if you want to buy a new car, you can not pay through Bitcoin.
So, if you are interested to buy Bitcoin or any other crypto after the ban, here is the way.
Buying Bitcoin in India after RBI Ban
- Click this link to visit the Binance website.
- Sign up for the new account with your personal details.
- After your account is ready, go to the Market section and search for Bitcoin.
- Click on buy and proceed with the desired quantity.
- Make the payment with your debit card.
- That it it. You will get the Bitcoins in your virtual wallet.
You can transfer your coins to wallet of your choice, but I personally recommend using Binance as it is highly safe and secure. Also, do not go for any local exchange. They have high risk of being hacked.
In case, you have any question, do let me know, I will help you out with the solution.
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