#BuyUcoin Blog

[virtualrebelcoffee]

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…

[kultejas]

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…

[gta-5-cheats]

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

(adsbygoogle = window.adsbygoogle || []).push();

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.

Shop On SecondCovers

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.

(adsbygoogle = window.adsbygoogle || []).push();

[virtualrebelcoffee]

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…

[virtualrebelcoffee]

NFT Marketing: Effective Strategies to PromoteYour NFT Collection

NFT Marketing: Effective Strategies to PromoteYour NFT Collection

NFTs have been an instrumental tool in the industry and world of arts since they have theirintrinsic value. Artists have discretion and can now reproduce their artwork which they can offerin exchange for tokens they can trade and buy online. The present market of NFT welcomesartists from all around the world, whether they may be artists with a massive following on socialmedia platforms or…

[virtualrebelcoffee]

Protected: DappGambl: How To PurchaseEthermon?

This content is password protected. To view it please enter your password below: Password: from BuyUcoin Blog https://ift.tt/l3aYfD6 via IFTTT

[virtualrebelcoffee]

BuyUcoin Has Completed the Polymath (POLY) Mainnet Swap and Rebranding Plan to Polymesh (POLYX)

BuyUcoin Has Completed the Polymath (POLY) Mainnet Swap and Rebranding Plan to Polymesh (POLYX)

Namaste Users, The Polymath (POLY) mainnet swap and rebranding plan to Polymesh (POLYX) is now complete. BuyUcoin has opened deposits for POLYX. Please note: Deposits and withdrawals for POLY tokens are no longer supported. Please find your assigned POLYX deposit addresses on the Deposit Crypto page. Where any discrepancy arises between the translated versions and the original English version,…

[virtualrebelcoffee]

How to Maximize Cryptocurrency Earnings with Smart Trading?

How to Maximize Cryptocurrency Earnings with Smart Trading?

Digital reality is quickly breaking into our lives and becoming a part of everyday life.Digital assets, such as cryptocurrencies and works of art, have long been valuable onNFT (non-fungible token) marketplaces. In other words, virtual worlds are becoming apart of the real world. As the world of cryptocurrency continues to grow and develop, more and more peopleare looking for ways to maximize…

[virtualrebelcoffee]

Protected: How Are Insurers Using Big Data Analytics to Reduce Losses?

Protected: How Are Insurers Using Big Data Analytics to Reduce Losses?

This content is password protected. To view it please enter your password below: Password: from BuyUcoin Blog https://ift.tt/eUtqV5b via IFTTT

[virtualrebelcoffee]

Big Bash League Betting: Useful Strategies And Tips

Big Bash League Betting: Useful Strategies And Tips

The Big Bash League is a professional Twenty20 cricket league in Australia. There are some tips that should be known for successful betting. They are listed in the article. Tips And Tricks for Big Bash League Betting The Big Bash League (BBL), one of Australia’s most favored athletic events, takes place during the summer. The top national and international cricket players compete in the BBL, a…

[virtualrebelcoffee]

Protected: What are the Benefits of Cryptocurrency?

Protected: What are the Benefits of Cryptocurrency?

This content is password protected. To view it please enter your password below: Password: from BuyUcoin Blog https://ift.tt/U1cast9 via IFTTT

[virtualrebelcoffee]

The Great Indian EZ Trading Competition

The Great Indian EZ Trading Competition

Congratulations all crypto Lovers! WIN big bucks on cryptocurrency trading at BuyUcoin EZ Platform. Gifts worth ₹ 5,00,000 will be distributed amongst the top traders; for simply trading the cryptocurrency on the EZ Platform in INR pairs. Pairs Eligible for The Great Indian EZ Trading Competition: SAND, IPC, KSM, CFG, ATOM, ONE, OM, MANA, WIN, FTM, ZIL, DGB, XLM, VET, BTTC, SOL, BTC, ETH, LUNC,…

[virtualrebelcoffee]

Popular Business Ideas For 2022

Popular Business Ideas For 2022

The corporate environment in the US is continually changing. New technologies, trends, andlaws influence the changing business environment. To launch a new firm in 2022, first,consider the new normal. The pandemic has caused a significant shift in how businessesoperate and what consumers want and need from services and goods. There was a timewhen opening a restaurant or a store sounded like a…

[virtualrebelcoffee]

BuyUcoin Supports Ethereum Merge

BuyUcoin Supports Ethereum Merge

Namaste, The Ethereum Merge, the year’s biggest event in the world of crypto, is here. According to the Ethereum Foundation: The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. The…

[virtualrebelcoffee]

🎊 BuyUcoin EZ OTC is Now Live with Additional Features.

🎊 BuyUcoin EZ OTC is Now Live with Additional Features.

Namaste, We are super excited to announce that BuyUcoin EZ Services are now Resumed. After two months, all the compliances are now complete & will provide more governance & Transparency in taxation & TDS. During the past few months, we have been working really hard to improve our Services & App, and we believe that BuyUcoin Mobile App will provide you seamless experience with more digital…

[virtualrebelcoffee]

How to win on the best BTC roulette sites

How to win on the best BTC roulette sites

Even though the best BTC roulette sites are known to offer the best gaming experiences, you wouldn’t enjoy them when losing. That’s why everyone visits the best BTC roulette sites with strategies for winning their stakes.  Since cryptocurrency platforms differ from regular online casinos, what strategies work on cryptocurrency sites? Or does the volatile factor of digital coins also make all…