Cryptocurrency Markets In India #Bitcoiva
Nowadays,
everyone knows Bitcoin and Ethereum are getting bigger day by day in terms of
returns. Here, Bitcoin has risen 4 times higher and Ethereum is 10 times higher
in last one year. So, here we explain about crypto market in India and to share
some knowledge with you.
v Investing
in cryptocurrency.
v Crypto
transactions are taxed
v Crypto’s
are not expansive
v Investing
on cryptocurrencies
Investing in Cryptocurrency:
There is a
common delusion or misunderstanding that cryptocurrencies are illegal. But
that’s not true.
On other hand
RBI did impose a ban from facilitating cryptocurrencies transactions in 2018.
This made users and others to think negative side.
On march 2020,
the supreme court ruled against the RBI ban. It stated that there were no clear
grounds for imposing such ban.
Now more
retailers, investors are dipping in here and more than 2 million users have
registered in crypto exchange. Bitcoiva is one of the leading exchanges with
best buy or sell rates than other platforms.
Cryptos are taxed:
Any mode of
income in India will be carried the purview of income tax.
Profit that
are earned by cryptocurrencies are also subject to capital gains tax under the
Income tax act. So, Finally Cryptocurrencies are also taxed in India.
Cryptos are not expansive:
Broadly,
people think bitcoin is called as cryptocurrency, but it is one of the crypto types.
Bitcoin is now
whooping 30 lakhs. Many think that they cannot afford to invest such high
amount. Although what more people are unaware of that bitcoin can be brought on
fractions also.
We #bitcoiva
grant people to buy bitcoin with a minimum investment of just 100.
Apart from
bitcoin there are many coins that also have potential of earning high returns.
Investing in cryptocurrency:
A couple of years ago, investing in cryptos was
quite complicated, that scenario changed after the Supreme Court ruled out the
RBI ban on cryptos. Cryptocurrency
are nothing but, Money that exist only virtually.
It is a decentralised,
digital currency that uses digital files as a mode of exchange instead of paper
cash. You can use cryptos to buy goods or
services.
There are 8000 cryptocurrencies
currently in circulation it has total market capitalisation of $1 trillion.
#Bitcoiva has emerged in crypto space
to make it simpler for investors to buy or sell cryptos. All you have to do is
to choose your options, complete your KYC for safe and trustable transactions
in less than 5 minutes, Once your profile gets verified you can start investing
with more security, Authenticity and Reliability.
Visit: www.bitcoiva.com , You can get your ideas implemented
and your doubts about cryptocurrencies will be cleared out here!
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