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.
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
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..
Please clarify these doubts as soon as possible.
Thanx in advance
Hey one can definitely buy bitcoins from any corner of the world, and then can store them in a wallet I would suggest you to use Electrum for it. Also you can definitely send your coins to any wallet, however do note if you intend to send to any exchange wallet, which requires you to verify yourself you need to tell tax authorities you brought bitcoins. I would suggest you to pay taxes on it, and then trade in it, also you can buy and sell it on local bitcoins India, do make sure you read ratings before conducting a deal.