Bitcoin trading business (in India) | Crypto Craft

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Bitcoin trading business (in India)

  • #1
  • First Post: Nov 25, 2019 8:27am Nov 25, 2019 8:27am
Hello people,
I am interested in knowing about btc trading business. Is it legal in india? if yes, then how to get into this trading business.
How much investments should I do and does this business has any potential in making profits? Waiting for your views and ideas

Thanks in advance
Cheers.
  • #2
  • Nov 26, 2019 7:09am Nov 26, 2019 7:09am
I don't know much about btc trading business. But for now btc is not illegal as there is no law regarding the same. The government agencies have been asked to take action as per the existing law. As per some websites the minimum required investment for developing such platform is be $135,000.
  • #3
  • Nov 28, 2019 11:02am Nov 28, 2019 11:02am
As you are into trading business have you used exchange platforms like Coinbase, Bitfinex, etc are safe? Looking for some insightful reviews for the same.
  • #4
  • Nov 29, 2019 8:09am Nov 29, 2019 8:09am
Quoting johnmeller
As you are into trading business have you used exchange platforms like Coinbase, Bitfinex, etc are safe? Looking for some insightful reviews for the same.
Hello johnmeller,
Thanks for replying to my thread. I would suggest you to get started with coinbase. It's easy to use and seems legitimate. It's secured. Well I would recommend you to checkout this article to know proper information about conibase. no bullshit coinbase is a nice platform to get started without any hassle in my opinion.
Regards,
Jumbalu
  • #5
  • Nov 29, 2019 2:08pm Nov 29, 2019 2:08pm
It's hard to decipher what's real and fake in the coverage of crypto. On any given day, I'm sure you could find an article about "XXX country considering banning crypto." I'm not fan of the term "fake news" but it definitely works in the crypto space.
  • #6
  • Dec 4, 2019 11:27am Dec 4, 2019 11:27am
I don't know what you mean by business. If you only want to trade, all you need is VPN and an exchange without verification like Binance or Bitmex. If you want to open cryptocurrency business in form of company India is not good market.There is bad atmosphere for cryptocurrencies.
  • #7
  • Last Post: Jan 19, 2022 10:08am Jan 19, 2022 10:08am
The crypto industry in India is not currently illegal, but the situation changes constantly. Their government cannot make up their minds and they have been mulling over their crypto legislation for years. The latest news are not good, unfortunately - they are considering a ban of all private cryptocurrency assets in the country. Whether that ban will come to pass, however, remains to be seen.
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