❓ Crypto FAQs – Frequently Asked Questions (2025)
New to crypto? Confused about Bitcoin in India? You’re not alone. Here are the most common questions Indian investors ask – answered clearly and simply by Bitcoin Hero India.
🇮🇳 Is Bitcoin legal in India?
✅ Yes, owning and trading Bitcoin is legal in India. However, it is not considered legal tender. You can buy, sell, and hold Bitcoin using trusted Indian exchanges, but you must report profits for tax purposes.
💸 How do I buy Bitcoin in India?
You can buy Bitcoin using INR through platforms like:
- WazirX
- CoinDCX
- CoinSwitch
- Binance (with P2P option)
Just complete KYC, add funds via UPI or bank transfer, and start buying.
💰 Can I invest ₹500 in Bitcoin?
✅ Yes. You can start with as little as ₹100. Bitcoin is divisible into tiny units called satoshis. You don’t need to buy a full Bitcoin to get started.
📦 What is a Bitcoin wallet?
A wallet stores your Bitcoin securely. There are two types:
- Hot Wallets: Apps like Trust Wallet or exchange wallets
- Cold Wallets: Offline storage like Ledger or Trezor (more secure)
📊 Do I have to pay tax on Bitcoin?
✅ Yes. As of 2025, profits from crypto trading are taxed at 30% + 4% cess. A 1% TDS is also deducted on every trade above ₹10,000 per year. Report your income via the ITR form (Schedule VDA).
⚠️ Is crypto risky?
Yes. Crypto markets are highly volatile. Prices can rise or fall quickly. Only invest what you can afford to lose. Always use secure platforms and wallets.
🔐 How do I keep my crypto safe?
- Enable 2FA on exchanges
- Don’t share seed phrases or OTPs
- Use trusted wallets
- Beware of scams and fake apps
🌐 Which exchanges are safe in India?
Some of the trusted names include:
- WazirX (Binance-backed)
- CoinDCX (SEBI-registered investors)
- CoinSwitch (user-friendly)
- Binance (global, advanced)
📆 What is the best time to invest in Bitcoin?
There’s no perfect time. Crypto is volatile. Use SIP (Systematic Investment Plan) or DCA (Dollar-Cost Averaging) to reduce risk over time.
📩 Still have questions?
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This FAQ is for general information only and is not financial advice. Always do your own research (DYOR).
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