Post
Topic
Board Bitcoin Discussion
Re: Am a newbie for bitcoin. Friends please clear my doubts
by
VitKoyn
on 03/01/2019, 07:32:31 UTC
Friends all we know bitcoin is transaction is not allowed in india. only few indian companies are available that also require KYC. I dont want my details to get exposed. i have some doubt in purchasing bitcoins. I have listed my doubts below please clarify it.
Wrong, Bitcoin transactions can happen even a country already banned the use of it. And as far as I know cryptocurrencies like Bitcoin is still allowed in India and they are in process of regulating it.
1. If someone buys bitcoin from blockchain in another country,for example (US blockchain user). And if they send bitcoin to my wallet address(Indian block chain user). Can I able to receive bitcoin or not
Of course you will receive those Bitcoins because Bitcoin is decentralized cryptocurrency and no one can control which transactions can only happen or verified, even governments can't stop you from making a Bitcoin transaction, unless you bought Bitcoins from a scammer. So just be sure to buy Bitcoin only from a reputable exchange or platforms.
2.If I receive the bitcoin from that user. can I able to send it to other wallet id such as zebpay or coinbase or localbitcoins etc..
Of course you can send it on any Bitcoin wallets that you have. The only problem that you can possibly have is if your bank or government doesn't allow you to have Bitcoin to fiat transactions but there are some alternative ways to solve that.