Frequently Asked Questions

Here we have tried our best to answer all the queries which often leads to FUD (Fear, Uncertainty & Doubt) in Indian Crypto Community.

Although, if you find we missed something please do not hesitate to contact us. You can either write an email to us or drop your question below in the comments box. We'll love to answer it. 💚

Lets start with the basic of blockchain: Bitcoin; Introduced on 18th Aug 2008

1. What Is Bitcoin (BTC) & How Does it Works?

Bitcoin (BTC) is a digital asset often called cryptocurrency designed to work as a medium of exchange. It uses cryptography to control its creation and management rather than relying on central authorities like banks. (There is no money in our pockets, only a receipt)


To know better and how exactly this technology works, we'd recommend you to watch this video:


Video Credit: FinnovationZ

2. Is Bitcoin Legal In India?

Yes, Bitcoin is legal in India. RBI never banned Bitcoin they just prevented the entities regulated by them to deal with businesses who are into purchase or sale of Crypto. Bitcoin is quiet impossible to ban, if there is internet then there will be Bitcoin too. 

3. Is Bitcoin Safe?

Bitcoin is neither fits into the traditional regulatory nor in banking system and is vulnerable to the market risk (like mutual funds, stocks & shares).

Being optimistic, in long terms the chances of returns are more than the risk of loosing Rs.1000 (It is just an opinion of mine. I hope you'll not take it as an investment advice and DYOR; read what experts are writing about cryptoverse).

4. How Can I Buy/Sell Bitcoin In Indian Rupees(INR)?

There are lot of options available in the market but the best is Paxful. It is a decentralized marketplace running on peer-to-peer engine to provide service for buying or selling crypto without any third party.  

Wanna Give It A Try, Click Here To Sign Up!


Video Credit: Crypto India

5. What Can I Buy With Bitcoin In India?

Bitcoin was introduced in 2008 and since then has come a long way. It is now possible for anyone to start living on cryptocurrencies.

Today, we can use Bitcoins to shop on Amazon, Myntra, Book Air Tickets & Hotels, Top-up our mobile connection. And according to UPPCL, in future we'll be able to trade solar power in POWR (Crypto Token For Power Ledger).

Read: Shop On Amazon, Book Air Tickets, Hotels & Pay In Bitcoin

If you have any other query or a suggestion, please contact us here. Thank you!

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