#BuyUcoin Blog

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How will Web3 in Edtech Bring Revolution in Education?

How will Web3 in Edtech Bring Revolution in Education?

Web3 is the forthcoming internet generation that will provide users with numerous features. This is a decentralized network where a higher level of transparency is maintained. The network members will have access to every piece of information with no restrictions. Web3 comprises the amalgamation of futuristic technologies like AI, ML, IoT, and blockchain. It allows the user to generate content on…

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cryptocurrency news updates

Solana surpasses XRP amid unstoppable rally, Ethereum price to rise over 900%, and other key stories September 09, 2021, Major Cryptocurrency News Updates Solana beats XRP amid unstoppable rally – BuyUcoin Litecoin enters smart contracts, NFTs via OmniLite According to the official blog of the Litecoin (LTC) organization, Omnilite is an open-source platform called the “Ethereum Killer”. On the…

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https://www.buyucoin.com/buy-neo-india

Read full blog: https://www.buyucoin.com/buy-neo-india

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How to Buy Bitcoin in India

New Post has been published on http://secondcovers.com/how-to-buy-bitcoin-in-india/

How to Buy Bitcoin in India

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Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we’ve gone from blank stares when talking about cryptocurrencies to interest and demand that’s hard to keep up with. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. So if you’re in India and are looking to buy Bitcoin, you may want to use a local exchange.

Buying Bitcoin isn’t for the faint of heart though. Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment. There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traders, covering Bitcoin, Litecoin, Ethereum, Ripple, and more. 

There’s also the fact that the Indian government has said that Bitcoin can’t be used as a part of the payments system. Speaking to the nation, Finance Minister Arun Jaitley reiterated that cryptocurrencies are not legal tenders, saying that their use “as part of the payment system” will be eliminated. However, the minister didn’t explicitly mention anything about trading in cryptocurrencies like Bitcoin. Still, if you’ve done your research and want buy Bitcoins, there are a number of options in India.

We started looking at such exchanges one year ago, and many of the exchanges we found at the time to be good options still remain active and have good reports from users. However, we have seen customer feedback on some of them turn sour, and there have been a few new entrants as well, which have received a positive response from most of their users. Here are the ones that sound like good picks in February 2018, based on what consumers are saying, on public forums ranging from Reddit and Quora, discussions on social media such as Twitter and Facebook, and by listening to recommendations from people who are actively trading in Bitcoin in India.

1. Coinome Recommended by a number of traders, and with generally positive feedback online, this exchange is backed by the payments company Billdesk, and launched near the end of November. It allows for instant eKYC using your Aadhaar, and it doesn’t buy or sell Bitcoin, serving as a platform to connect users instead. The Billdesk backing lends more authenticity to the company, and it’s also got a reputation online for fast transfers. Another reason to like Coinome is that it offers instant withdrawals on all weekdays – very reassuring if you’re worried about values dropping suddenly.

Check out Coinome on the Web

  2. Coinsecure Coinsecure has been around for a while now, and generally has positive feedback online. It offers a wallet along with an exchange, and is generally well designed and easy to use. There are a lot of guides on the site so you can learn more about Bitcoin trading there, and allows for trading of just Rs. 100 at a time. It charges 0.4 percent on trades, and you can have two-factor authentication to add security to your account.

Check out Coinsecure on the Web | Android

  3. Koinex Online, you’ll see a lot of people swearing by Koinex, and a fair number swearing at it as well. Usually, you’ll hear about people ditching it to move to Coinome, and people ditching Coinome for it, so it’s safe to say that the online reputation is a little mixed. However, some traders that we have spoken to have been using it and say it remains a good, and easy to use option, with enough liquidity for day-trading, but its fees are a little high.People who have been using Bitcoin for purchases say that the ease of use and the availability of coins makes it a good option for people buying Bitcoin in India.

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As with the others, you need KYC to use it, and your PAN card is mandatory here. It allows OTPs for security, and offers yearly statements of trades on request, which could be used for tax purposes.

Check out Koinex on the Web | Android

  4. Remitano Another reliable player that has come up in India is Remitano, a peer to peer Bitcoin exchange that promises instant transfers and withdrawals as well, and offers an escrow facility. The idea behind this is to make the transfer of funds between people safer, as the Bitcoins are locked until the seller confirms payment. It also offers a wallet if you need one, although most people recommend saving your Bitcoin offline.

In a way, Remitano being on the list also highlights how changeable all these companies’ reputations are. Around September, you’d find a lot of people complaining about Remitano online, but in the last two months, we’ve seen a lot more positive comments, including an active Bitcoin trader whose opinions we trust.

Check out Remitano on the Web | Android | iOS

  These four choices are looking like the best options at this point, but two of the exchanges we looked at last year, Unocoin and Zebpay are also worth considering. Both exchanges offer mobile apps so you can easily check and manage them at any time, but we’ve seen a large number of online complaints about speed, fees, and issues with delays in KYC. In general, both seem to be reliable, and have Indian customer care numbers so you can reach them more easily, but they don’t seem to be the most favoured options amongst Bitcoin traders anymore.

Another option, which we mentioned earlier, is BuyUCoin. The site was one we had looked at last year, but in the last few months there have been a lot of complaints from users online. One of the founders has blogged about this and explained why a backlog came up, causing some issues, which is why we haven’t included it in our main list either, but it sounds like they’re aiming to get back on track, so it could be worth checking to see what rates it is offering.

Finally, given the prices at which Bitcoin is being traded, we wouldn’t recommend this for the most part, but if you’re looking for a cash option, try LocalBitcoins. Some people have shared stories of being scammed, so it’s definitely not the best idea, but you can trade privately with no paper trail, which might be a selling point for some people.

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6 Top Benefits of Using a VPN

6 Top Benefits of Using a VPN

Whether you’re working remotely or just trying to keep your browsing habits private, a VPN is amust-have in today’s digital world. A VPN, or Virtual Private Network, is a secure method ofconnecting to remote networks. When you use a VPN, your traffic is encrypted and tunnels throughan intermediary server before arriving at its destination. This not only keeps your data safe fromprying eyes, but…

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Former Chinese Central Bank Governor: US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’

Former Chinese Central Bank Governor: US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’

In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still “has great inertia.” Process to Change Role of Dollar Very Slow The former governor of the Chinese…

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What is DApp? Decentralized Applications Explained

What is DApp? Decentralized Applications Explained

Going through crypto terminologies, have you ever come across – What is DApp? In 2019, Dapps’ market share was valued at USD 10.52 billion. It is expected to reach USD $368.25 billion by 2027. With its increasing market share, it becomes crucial to know what are apps; you know how your mobile phone can have a diverse range of applications such as Instagram, Facebook, Youtube, Gmail, and many…

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5 Penny Cryptocurrencies To Invest In 2022

5 Penny Cryptocurrencies To Invest In 2022

If you’re not new to investing, you’ve probably heard the term “penny,” which implies “little.” We researched the top penny cryptocurrencies to invest in to help you make the right decision. Penny stocks are derived from the stock market, and penny crypto is derived from the burgeoning cryptocurrency market. Penny crypto is defined as a cryptocurrency with a unit or token price of less than…

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Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion

Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion

The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would make it easier for tax agencies all over the world to curb evasion. The organization has already made use of financial information to collect taxes from Argentinian users with bank accounts…

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National Assembly of Panama Advances Discussion of Cryptocurrency Law Project

National Assembly of Panama Advances Discussion of Cryptocurrency Law Project

The National Assembly of Panama has advanced a cryptocurrency law project that seeks to regulate cryptocurrency activity to give more clarity to the sector in the country. The proposal, which was approved in the first discussion, was composed of two different projects presented to the economic affairs commission of the Assembly. Panama Moves to Regulate Crypto Assets Panama is taking steps to…

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National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia

National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia

The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to reduce capital outflow amid an ongoing military conflict with Russia. Ukraine Citizens Not Allowed to Buy Crypto Abroad From Local Currency Accounts The National Bank of Ukraine (NBU) has…

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Metaverse Real Estate Opportunities: Premium DCL Estate Up for Grabs

Metaverse Real Estate Opportunities: Premium DCL Estate Up for Grabs

Real estate in the metaverse world is already booming. Influencers such as Snoop Dogg, PwC, JP Morgan, and HSBC have already purchased plots of virtual land in the metaverse for business and other purposes. Early investors have taken the bull by its horn and that shows no sign of stopping any time soon. That being said, it is still early, and there are so many opportunities for investors to find…

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MetaRace Horse Racing, the First “Play to Earn” DApp on the Caduceus Blockchain

MetaRace Horse Racing, the First “Play to Earn” DApp on the Caduceus Blockchain

PRESS RELEASE. On April 18th, MetaRace Horse Racing was officially launched on the decentralized edge rendering Metaverse protocol – Caduceus. It is the first “Play to Earn ” game launched on Caduceus, co-built by MetaverseGraph Labs. The high gas cost of Ethereum and the slow transaction speed cannot support the large-scale interactive concurrency of MetaRace. Therefore, MetaRace found a…

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LooksRare Rewards Users Just for Listing, But There’s a Catch

LooksRare Rewards Users Just for Listing, But There’s a Catch

NFT trading upstart, LooksRare, has introduced the biggest update to its rewards structure since launch. Now, users of the platform will earn $LOOKS tokens just by listing their nonfungible assets on the marketplace. In a grand bid to boost liquidity on the platform, the LooksRare team is investigating additional ways it can reward it contributors. So, starting from April 20, they will distribute…

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Report: South African University to Issue Blockchain-Based Certificates to Graduating Students

Report: South African University to Issue Blockchain-Based Certificates to Graduating Students

A South African university has said starting this year it will issue blockchain-based certificates to students graduating from the learning institution. University administrators argued that a blockchain-based certification system will help prevent fraud and end the production of fake documents. QR Code for Each Certificate A South African learning institution, the University of Johannesburg…

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IMF Official: Regulating Crypto Assets Is High on the Agenda for India

IMF Official: Regulating Crypto Assets Is High on the Agenda for India

A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said the IMF official. IMF on Crypto Regulation in India Tobias Adrian, Financial Counselor and Director of the International Monetary Fund…