From selecting the right exchange to making your first purchase, learn how to purchase Bitcoin in India.
The grand old cryptocurrency has had plenty of aficionados in the Indian crypto space. Consensus and YouGov conducted a global survey on crypto and Web3 in unison. They published a report on June 23, revealing that 32% of Indians had bought cryptocurrencies at some point, and 21% still owned digital assets. It also revealed that Bitcoin (BTC) dominated the cryptocurrencies purchased.
Levying a 30% tax on income received from digital assets didn’t dent the sentiment in the country regarding cryptocurrencies. According to a report published by the KuCoin cryptocurrency exchange, the digital assets market in India is expected to clock $241 million by 2030.
As the world’s most populous country, with 1.4 billion people, India comes across as a country with millions of prospective cryptocurrency investors. Based on data from the United Nations Economic and Social Commission for Asia and the Pacific, 68% of this demographic falls within the 15–64 age range, indicating a higher likelihood of interest in cryptocurrencies such as BTC.
