Bitcoin Price in India
- August 10, 2017
Bitcoin price in India and its impact
Bitcoin prices are fluctuating as many experts expected them to, with huge and unexpected shifts upward and downwards. May investors are interested in making money of this new cryptocurrency and keeping their ears on the group with the anticipation that this new investment opportunity will pay them huge returns in days to come. This market as a whole turned out to be a good investment opportunity for many investors showing possibilities of hundreds of percentage points. Digital currency is making its impact in the Indian market, and here too it is expected to get huge attention among enthusiasts.
How India matters?
India is one of the faster-growing economies in the world, and it is a huge market with tons of potential everywhere. Like any other new business, Bitcoin too comes with a good possibility in this part of the world. It is supposed that this digital currency will help in driving the market immensely. The role of government and how they are acting to this new currency is also another important thing to consider. Bitcoin prices have already seen how strong, and a huge market like India has on its value. There is digitization drive all around the country and at this point of time Bitcoin is expected to get a huge response all over the country.
In years’ time, there has been 300 percent increase in the value of Bitcoin, making it the right investment that you may be eyeing at. In spite of having all the curiosities many of the investors are wondering if it is the right investment to buy, store and sell in India. There are many digital currency exchanges available online and offline where you can buy Bitcoins using hard cash. Buying this new digital currency with a credit card and debit card is also possible. There are numerous tutorials available online to help you in the process.
How to buy it here?
In India, there are various online portals or exchange centers available where you can buy it at ease. Zebpay exchange is a popular smartphone app which is available for both Android and iPhone users, allowing you to link a bank account and make quick transfers. Users can buy digital currencies by making payment to this new mobile app. Enthusiasts can also withdraw money to their bank account and easily track data on its valuation in the country. To start you need KYC and verify the ID by simply clicking on the photo of PAN card. Apart from that, there are various other India based exchanges coming up which is allowing you to trade Bitcoins easily. With all these service providers you can buy, use, sell or store Bitcoin.
The popularity and craze for Bitcoin are increasing in India, and as per recent data, there are around 1,50,000 customers availing these facilities. With present government banking for less cash economy, Bitcoin popularity and use are definitely going to increase in days to come. This move will excite more Indians to start using digital currency and use it for regular transactions.