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❓ASK How to buy Bitcoin in India except local bitcoins?

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KarthikP

KarthikP

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List all the exchanger sites that you know where you can buy , sell or trade bitcoins and other cryptocurrencies in India except local bitcoins. Coinbase and blockchain doesn't support India. Where can I use my bank account to buy Bitcoin in India?
 
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Riad99 said:
As far as i know bitcoin now accepted by indian govt..so you can easily buy bitcoin by dollar exchange site in india
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Yeah bro thats a very good news and Indian government showing some mercy on bitcoin and other cryptocurrencies. Hope it is accepted worldwide in all countries soon
 
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The Bitcoin industry in India was once growing at a terrific rate as users were flocking to this digital currency to take advantage of its rapid price appreciation. Meanwhile, the demonetization of the Indian rupee by the country's government a couple of years ago had led to an increase in demand for Bitcoin, but the sad news is that everything seems to be going downhill ever since.
 
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Try Paxful to buy or sell bitcoin. My country bans bitcoin but I use paxful and all time a familiar seller. I even sold bitcoin to him also. I use bKash (a phone payment) and its easy and this case no verification needed. You can use paxful as a wallet too. They are somehow bined with binance but I dont know much on what is the main benefit. You can take from bmf to paxful directly if you want to sell. but first check whether there is a good option to sell bitcoin without being verified.
 
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Rashed0 said:
I live in Bangladesh, I don't know about India, but I think bitcoin is illegal in India, so if you want to buy bitcoin in India, you have to use their coinbase wallet, they can buy bitcoin through coinbase wallet
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I used coinbase to buy from someone but his service is no more so I found paxful a better solution. I will highly recommend it. Localbitcoins my experience is not good though many thinks its a good one.
 
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now cryptocurrency has become so widely available that it does not depend upon your location on the globe it only depends upon your available resources and how do you want to get them
 
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Waxirx now is India's best cryptocurrency exchange service to buy or sell bitcoins and other cryptocurrencies like xrp . Localbitcoins is good too.
 
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I use Paxful to buy or sell cryptocurrencies using phonepay , paytm or google pay wallets , you have to do level 1 kyc there to enable trading.
 
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KarthikP said:
List all the exchanger sites that you know where you can buy , sell or trade bitcoins and other cryptocurrencies in India except local bitcoins. Coinbase and blockchain doesn't support India. Where can I use my bank account to buy Bitcoin in India?
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What do you mean by local bitcoins? I was totally unaware of this term. Well, if you want to buy bitcoins directly then install binance pay app, open p2p transaction tab and there you will find all the latest offers for buying or selling bitcoins ans other crypto coins. You can buy via UPI or netbanking.
 
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Razor1911 said:
What do you mean by local bitcoins? I was totally unaware of this term. Well, if you want to buy bitcoins directly then install binance pay app, open p2p transaction tab and there you will find all the latest offers for buying or selling bitcoins ans other crypto coins. You can buy via UPI or netbanking.
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LocalBitcoins is worldwide exchange , like Paxful , it requires kyc , its like p2p exchange service. Even we can use Wazirx I believe in India.
 
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BusyCat said:
LocalBitcoins is worldwide exchange , like Paxful , it requires kyc , its like p2p exchange service. Even we can use Wazirx I believe in India.
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WazirX needs your KYC and it's officially launched in India. But it is not safe that's why I kept myself away from this. I will not reveal my KYC until the govt rolls out any circular stating bitcoin is accepted. Otherwise I have to be accountable for my holdings.
 
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I have using it from long time buddy I didn't faced any problems
Razor1911 said:
WazirX needs your KYC and it's officially launched in India. But it is not safe that's why I kept myself away from this. I will not reveal my KYC until the govt rolls out any circular stating bitcoin is accepted. Otherwise I have to be accountable for my holding
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Razor1911 said:
WazirX needs your KYC and it's officially launched in India. But it is not safe that's why I kept myself away from this. I will not reveal my KYC until the govt rolls out any circular stating bitcoin is accepted. Otherwise I have to be accountable for my holdings.
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WazirX is one very reputable Exchange platforms , I wouldn't know if you have any bad experience in dealing with them or any proof?.
 
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De-rector said:
WazirX is one very reputable Exchange platforms , I wouldn't know if you have any bad experience in dealing with them or any proof?.
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You didn't understand what I mean. There is nothing I have complain against wazirX. But you have to give the KYC details here in order to hold bitcoin. And if in future, govt bans holding of bitcoin, then your wazirX account will be siezed.
 
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Razor1911 said:
You didn't understand what I mean. There is nothing I have complain against wazirX. But you have to give the KYC details here in order to hold bitcoin. And if in future, govt bans holding of bitcoin, then your wazirX account will be siezed.
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Personally I believe that life is all about taking chances despite considering future implications, I don't think it will be that easy for government to seize people's account because of ban, the details remain with WazirX not government.
 
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De-rector said:
Personally I believe that life is all about taking chances despite considering future implications, I don't think it will be that easy for government to seize people's account because of ban, the details remain with WazirX not government.
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Haha! Do you think when govt will ask to provide information, then they will deny it? Anyways, it's a personal choice. I always play a safe game. It's better to be anonymous as long as govt clear its stance of crypto coins.
 
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Razor1911 said:
Haha! Do you think when govt will ask to provide information, then they will deny it? Anyways, it's a personal choice. I always play a safe game. It's better to be anonymous as long as govt clear its stance of crypto coins.
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They have the right to deny unless their is memorandum of understanding on why the government is in need of the data and you should know they will limit government access .
 
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De-rector said:
They have the right to deny unless their is memorandum of understanding on why the government is in need of the data and you should know they will limit government access .
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Such situation may arise later. At this moment you may think govt will not interfere in non- public matters, but when a ban will be imposed and strict guidelines will be issued, govt may or perhaps surely ask for the details of the bitcoin holders.
 
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