How to earn zebpay bitcoin

The merit with RBI is that it considers blockchain to be an interesting technology. There is a wait and watch approach — it is waiting for the proliferation to happen, and to let the technologies develop. They have also issued two press releases. They say that there are legal and technical risks involved. They are concerned about misuse of Bitcoin. The technology is not ready. It is not illegal to buy and sell bitcoins in India.

There is no law in India declaring it illegal.

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The RBI knows we exist and we have corresponded with them. We do trade worth more than Rs core a month. We deal with bank accounts and we are a registered company. What can Indians buy with Bitcoin today? Are service providers, utilities and e-commerce companies accepting Bitcoin? Typically, in a trade of any commodity or foreign currency, 98 per cent are traders speculating on the potential future value and 2 per cent is for goods and services, to buy and sell goods.

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People are buying and selling based on news and assumptions. They speculate whether they will make a profit in the future.

This is fine as it provides liquidity to that asset. Likewise, there are people speculating on the future value of Bitcoin. In India, there are very few merchants who accept Bitcoin. So you can buy a Dell laptop with bitcoins or make a hotel or airline reservation and pay in Bitcoin.

It does not make sense for Indian e-commerce companies to start accepting Bitcoin yet as few Indian consumers own bitcoins. Zebpay stocks vouchers from different service providers and if you own bitcoins, you can top up your airtime, for instance, using these pre-paid vouchers.

You can purchase these vouchers in bitcoins from us. We do more than Rs 50 lakh sales per month, and we are doing this to grow the community.

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This number doubles every 3 or 4 months. When do you see widespread use of Bitcoin to the extent that people are using e-wallets these days? It is at its peak now. It has been the best performing asset since it was invented. In China and the US, the trade in Bitcoin is worth billions of dollars. In India, we do a turnover of Rs crore a month. We are adding 1 lakh users every month. This will increase exponentially and you will see 10x growth every year. How do Bitcoin exchanges factor in taxation and prevent people from bypassing tax payment on transactions?

This comes from self-regulation. We track all transactions on our exchange to ensure that all users comply with taxation norms. In the last week of March we ensure that all the rupee amounts you have in Zebpay are credited back to your bank account. This ensures that you declare all profit and loss on your bitcoin trade on Zebpay. We do not allow users to buy and sell bitcoins unless they have completed their KYC. All buying and selling takes place only through bank accounts.

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Will direct peer-to-peer Bitcoin transactions bypassing an exchange be possible in future? It is already possible to send bitcoins peer-to-peer. You can send money to friends and relatives in the form of bitcoins if they are ready to accept. You can transfer bitcoin to US universities to pay for university fees.

This can be done without the intervention of a credit card company or a wallet or PayPal. But an exchange will always be needed to buy and sell bitcoins because it ensures trust between two parties. Technically, an exchange like Zebpay can be replaced by say an automated escrow account. However, a trusted third party will always be required to resolve disputes.

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What steps should consumers take to safeguard themselves from Bitcoin fraud? The basic advice is that one should not invest in anything that one does not understand. Website: help. We don't offer support on Telegram. We never ask you to send crypto or fiat, or your personal details except via a secure support ticket.

Stay alert! FridayFact How to access your ZebPay account if your phone gets lost? Decentralized exchanges try to get rid of the middleman in transactions.

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ZebPay recommends you to designate a nominee for your account in a few steps. The deposits have now been authorised. Arnab Nayak, also known as the thestartupgyaan, recently shared some interesting insights with us from his personal crypto experiences. Explore and begin your crypto journey, and learn which coin to start with. Download ZebPay and start investing.

The amendment is a great step towards the kind of regulations that we were calling for, he said. We have been self-regulating along these lines since and has always encouraged KYC-verified members to comply with the tax laws. Like starting their crypto investment journey. Did you? Download ZebPay now. Our CMO, Vikram Rangala thinks that more people were investing in crypto partly due a fear of missing out on the asset class. Vai a. Sezioni di questa pagina. Breezy HR Jobs. Buy Tickets. Vedi altri contenuti di ZebPay su Facebook.

How to earn zebpay bitcoin
How to earn zebpay bitcoin
How to earn zebpay bitcoin
How to earn zebpay bitcoin
How to earn zebpay bitcoin
How to earn zebpay bitcoin