Is PAN card necessary for Cryptocurrency?

Yes, pan card and aadhar are mandatory. In India, you can buy Bitcoin through an exchange like WazirX, Zebpay and CoinDCX. They ask for KYC before you transfer your money on these platforms.

Is it safe to give details in WazirX?

WazirX takes strict security measures, protecting users’ data and privacy. After the security measures are in place, WazirX will ask you to fill in details such as country and Type of KYC. Complete your KYC by filling up details such as name, address, date of birth, and Aadhar Card, and PAN.

Is KYC necessary for Cryptocurrency?

Before you can start crypto trading, you’ll need to verify who you are. When you set up an account with a crypto exchange, you’ll typically be asked to go through the know-your-customer (KYC) process. This is a standard identity verification that major exchanges require for anyone who wants to trade crypto.

Can we hold crypto in WazirX?

Here’s how you can trade crypto on WazirX This allows you to set up the account and add funds in INR (rupees). There is a whole range of cryptocurrencies available on the WazirX exchange. Choose the amount of cryptos you want to and enter ‘Buy’.

Is Crypto COM safe?

Yes, Crypto.com and Coinbase are safe and use security measures that are industry-standard or above for U.S.-based residents. Although Crypto.com is based in Hong Kong, where some rules may be different, it prioritizes security equally to Coinbase.

Is it safe to give KYC?

A. KYC process is completely safe and is carried out by authorized representatives who have undergone thorough background verification and intensive training.

Is it legal to buy bitcoin in India?

Shetty said that as of now, there is no crypto regulation in India. However, buying Bitcoin is absolutely legal in India. There is no law prohibiting Indians from buying/selling cryptocurrencies in India.

Is it safe to invest in cryptocurrency in India?

It is true that it is not illegal to buy cryptocurrency in India. However, there is no legal guarantee of the safety of the invested amount like regular investment avenues. Neeraj Dubey, Partner, Corporate Law Practice at Singh & Associates, thinks privately issued cryptocurrencies would not be safe.

Is it legal to invest in cryptocurrencies like Bitcoin?

Yes, it’s very legal to invest in cryptocurrencies like Bitcoin, no doubts on that. Every exchange has its privacy policy and if they don’t follow that you can sue them too. It’s quite safe as every company follows the same approach and we believe them to be ethically correct.

Which is the best cryptocurrency exchange in India?

Binance is the world’s biggest crypto exchange platform, and it acquired WazirX by the end of 2019. This increases the future aspects of WazirX in India and the crypto market. How to begin trading on wazirx? It might take less than five minutes to begin trading on WazirX.

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