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Can anyone buy cryptocurrency in India?

 


Cryptocurrencies are a digital virtual currency that is decentralized. They are lately becoming a matter of discussion after Tesla CEO Elon Musk announced to buy Bitcoin, the largest cryptocurrency and the first-ever that came into existence in the year 2019.  He announced a $1.5 Billion investment in Bitcoin. To mention what CoinDCX has to say about the Indian population spending on Bitcoin, they said that the age group of 25- 40 years of age is spending heavily on Bitcoin. You must be wondering if one can buy cryptocurrency in India then the anwer is Yes! You can. Any cryptocurrencies could be sold or bought globally, the concept is to make a digital payment without any central authority. 


So now you might ask how to buy Bitcoin or the easiest way to buy cryptocurrency?

For beginners, the easiest way is to find two things

  1. Shortlist a wallet

  2. Shortlist an exchange


Coinbase is one of the easy-to-handle wallets, you can either check out its website or you can download its app as well.  Another step is to signup on to the wallet to access all the features it has for you. And then Voila! You can buy yourself any cryptocurrency. But make sure to know everything about the wallet you use. 



Cryptoknowmics

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