Quote from: btcdevil on January 08, 2019, 07:56:36 AM

Quote from: bitcoiner93 on January 02, 2019, 07:14:38 PM

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

If you want to invest in Bitcoin without getting KYC, then i think you can buy directly from the users in Localbitcoins.com site, their you purchase directly from the users with transferring amount to their bank directly, so their is no cryptocurrency trade details in your transaction and you can show as any type of purchased from that user in account. This way you can safely buy and sell your bitcoins without getting notice by any law authorities.

Right now this is the only best way of buying and selling bitcoin can be done in India through people to people transaction.

Kyc is now important because of the laws and regulations of some country. In my country, you need to pass first the kyc in order for you to buy bitcoins. It is not a matter because your identity is safe and secured.