How to ride the bitcoin rally in India

Here’s a primer on Bitcoins. Read this and a lot more, prior to investing in cryptocurrencies. One should not invest large sums of money in Bitcoins as it is a very volatile asset class. Cryptocurrencies are not issued or backed by banks or governments. Absence of a regulator makes legal recourse almost non-existent in cryptocurrency investments. What is a Bitcoin?
It’s not a coin, but a code or a virtual token that can be freely transferred from one user to another through a secured network. Bitcoin is the most popular cryptocurrency.

Where do you buy in India?
There are about 11 trading platforms in India to buy Bitcoins. Those include Unocoin, Zebpay, Coinsecure, Coinmama, LocalBitcoins, Bitcoin ATMs. Where do you buy in India?
There are about 11 trading platforms in India to buy Bitcoins. Those include Unocoin, Zebpay, Coinsecure, Coinmama, LocalBitcoins, Bitcoin ATMs.

Is it too expensive to buy?
Globally, the cryptocurrency surged past $11,000 to hit a record high on Wednesday. In rupee terms, it recently touched ?8.6 lakh per unit.

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