Is it safe to invest in cryptocurrency from India in 2021?

[vipinsahu]

YES, it is safe to invest in cryptocurrencies from India in 2021. It is legal to trade cryptocurrencies in India. The government of India will impose 18% GST on Bitcoin Transactions soon.There are multiple exchanges in India which offers crypto trading in INR. One of them is PCEX Member, it is an India based crypto trading platform. You can buy directly crypto with your bank account on PCEX Member.

They charge the lowest transaction fee of 0.3% in the spot market along with zero deposit and withdrawal fee

read more about: How to Buy Bitcoin in India?

[Ahan]

If it is legal in India, it is safe to trade or invest there. It is like in my country, trading and investing in crypto is a legal activity, even the government has created proper regulations to support it. I see the situation isn't so different in my country. Even if crypto cannot be a payment tool, but it is allowed to be digital assets. So, we don't need to worry about holding and trading it.

[williammathews]

Yes, it is safe to invest in cryptocurrency from India in 2021. The RBI has issued a new guideline on transactions in cryptocurrencies https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0

WazirX is the most preferred exchange platform to trade cryptocurrencies in India. There are other exchanges too - CoinSwitch Kuber, Zebpay, and UnoCoin.