Presenting a user-friendly, comprehensive, and secure trading platform, PCEX Member, has become the preferred cryptocurrency exchange to Buy  BTC in India or non-BTC cryptocurrencies. Every 24 hours, the trading platform witnesses a transaction volume equivalent to USD2.5 billion. High liquidity, smaller lot size, and lower transaction fees have made it a heaven for inventors - big and small.  They can easily, quickly, and safely grow their funds. Benefit from our Knowledgebank that guides you to invest funds and hedge them wisely like a professional. It’s free.

Banning cryptocurrency in India will cause a double loss (direct and indirect tax) for the state exchequer. Extending the current tax regime to include the income through cryptocurrency trading will help governments to collect direct taxes. Corporate direct taxes we already highlighted above.

Besides, the legitimacy will encourage the acceptance of bitcoin by merchants, which means they will able to sell   products and take payments in the form of bitcoin or other cryptos. Some businesses have started it accepting, but still, the merchant’s acceptance remains in its infancy. The ban will derail the government’s dream of building a cashless economy to counteract black-money.
 “Should India ban bitcoin?” Drop your comments… and

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Privacy

Bitcoin is that the primary virtual currency to introduce cryptography. How does cryptography shield the identity of the participants? It generates pseudo names using combinations of alphabets and numbers. That said, it doesn’t mean the user’s identity is completely non-traceable. There are two reasons behind this argument. First, both Bitcoin addresses and transactions are registered on the blockchain, opening them to public access. And, second, all transactions performed by a user are linked to the same address. So, it’s not impossible for others to trace the address and identity of the user.

On the other hand, transactions over Monero are confidential and untraceable. Monero achieves anonymity and fungibility. Sender and receiver - here every user is anonymous by default. Monero makes use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT to form sure the privacy of its users.

How do the technologies protect privacy?

 They ensure untraceability (having multiple possible senders for a transaction) and unlinkability (being unable to prove that multiple transactions were sent to the same person). Ring signatures ensure untraceability while stealth addresses are to introduce unlinkability.
Because every transaction is private, Monero cannot be traced. Merchants and individuals accepting Monero don't need to worry about blacklisted or tainted coins. However, this could be an alarming thing for regulators of fiat currencies across the earth.

Fungibility

Unlike other cryptocurrencies, Monero could also be a very fungible currency. to understand fungibility, let’s fancy examples. Two $1 bills are equal in value but can they be the same? No, because they'll be associated with different products/services. But two one-ounce gold bars of the same grade are fungible. Monero is that piece of gold, while other cryptos are the $1 bills.

Read more about Trading Bitcoin in India

If you are looking to convert your BTC amount into INR then I would like to help you. On there are many steps to do this but doing this with the help of cryptocurrency exchange is the easiest path.

you can buy and sell bitcoin (BTC) easily on any cryptocurrency exchanges in India like PCEX Member, WazirX, and Zebpay. for Example I am showing you how to do it on PCEX Member, all the steps were taken under are may  similar to other exchanges but may vary little

These are some steps to be taken for the conversion of BTC in INR.

Sign up/Register or Login

Sign up if you are a new member, else login using the existing credentials. It’s a quick process. You just enter your name and email and confirm your email by clicking on the confirmation link received, and you are good to go.


KYC, Bank Account, and Security

PCEX Member sends you a confirmation link on your registered email. Click on the confirmation link received on your registered email. It directs you to a trading screen (shown below) with a graphical user interface showing the ups and downs of different market pairs. Click “deposit” that displays above (encircled in red) to get started.


3 Submit KYC Details: Once you click “deposit” (against the blue arrow in the above image), it takes you to the Assets page as shown below.



Under the Fiat Balance, click on “Deposit”. It opens a dialog box stating verification pending. Click “Verify Now” (as below). You will be navigated to a KYC Details page with some fields asking for name, address, ID proof, and photo. Complete the KYC, and click “Submit”. The details are sent for verification.


4      Add Bank details and Set up 2-Factor Authentication
After successful KYC verification, you receive an email alert. Next, add your bank details and set up a 2-factor authentication with your email and phone number. This enhances the safety of your account and prevents it from getting compromised.
 
 5    . transfer your BTC to the PCEX Member wallet
         
 6       The next step is to place your order   on a certain amount with INR pairing         

 7        After your  order gets placed and being sold the INR will be sent into your wallet  `

 8      move the cursor to Funds and Click on INR Withdraw
         
 9       . Select the Instant to withdraw option from the drop-down menu.

10    . Once done, select the bank and enter the amount you want to withdraw. Now Click on the Withdraw button and it’s done.



 

If you are looking to convert your BTC amount into INR then I would like to help you. On there are many steps to do this but doing this with the help of cryptocurrency exchange is the easiest path.
you can buy and sell bitcoin (BTC) easily on any cryptocurrency exchanges in India like PCEX Member, WazirX, and Zebpay. for Example I am showing you how to do it on PCEX Member, all the steps were taken under are may  similar to other exchanges but may vary little

These are some steps to be taken for the conversion of BTC in INR.


1.Sign up/Register or Login


Sign up if you are a new member, else login using the existing credentials. It’s a quick process. You just enter your name and email and confirm your email by clicking on the confirmation link received, and you are good to go.


2.KYC, Bank Account, and Security

PCEX Member sends you a confirmation link on your registered email. Click on the confirmation link received on your registered email. It directs you to a trading screen (shown below) with a graphical user interface showing the ups and downs of different market pairs. Click “deposit” that displays above (encircled in red) to get started.

3.Submit KYC Details:
Once you click “deposit” (against the blue arrow in the above image), it takes you to the Assets page as shown below.
Under the Fiat Balance, click on “Deposit”. It opens a dialog box stating verification pending. Click “Verify Now” (as below). You will be navigated to a KYC Details page with some fields asking for name, address, ID proof, and photo. Complete the KYC, and click “Submit”. The details are sent for verification.

4.Add Bank details and Set up 2-Factor Authentication

After successful KYC verification, you receive an email alert. Next, add your bank details and set up a 2-factor authentication with your email and phone number. This enhances the safety of your account and prevents it from getting compromised.
 
5.  Now you can easily transfer your BTC to the PCEX Member wallet
         
6.  The next step is to place your order  on desired amount with INR pairing         

7.   After your  order gets placed and being sold the INR will be sent into your wallet  `

8.    move the cursor to Funds and Click on INR Withdraw
         
9.    Select the Instant to withdraw option from the drop-down menu.

10.  Once done, select the bank and enter the amount you want to withdraw.

11.  Click on the Withdraw button and it’s done.

Read more about: Buying Bitcoin in India

Bitcoin is on a bull run, and banning it will stop Indian investors from reaping the dividends. The below graph depicts the increase in the BTC price from June 2018 to March 02, 2021. From USD10,000 to USD50,000 – this is a spectacular rise. It’s hard to imagine a business or bank that can fetch this high return in a short time.

Cryptocurrency investors in India are of primarily two types. First, who wants an investment portfolio that has high growth potential.

They have a high-risk appetite and enjoy the volatility. These are mainly young investors who are low in patience when it comes to earning money. They may be proficient with technical analysis skills regarding investment or non-tech ones.

Second, there are investors who are a bit conservative. They see bitcoin investment as a hedging option against the growing market inflation. Compare the appreciation of bitcoin and gold from the above illustration, the traditional asset. Investment in bitcoin has a much higher ROI than the investment in gold. Bitcoin’s value has increased like anything, while gold stayed consistent. So, Indians are losing the charm in gold and shifting towards bitcoin. These investors are primarily the senior Indians who have witnessed the transition from featured phone to smartphone.

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