Is crypto currency safe in india

Future

Indians can now worry less and invest in crypto. Anyways withought try will never know.

Crypto is safer if compared to any form of FIAT money.

aayuman said:

What you think about crypto currency

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not grt as we have to pay 30% tax....

aayuman said:

What you think about crypto currency

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In India what I have understood from my clients
1. U have to pay 30% tax
2. U cant trade, without your identity verification
3. U can't use crypto anywhere.. Like apps you have gpay, paytm, etc

So even if U plan to invest.. It won't of any use apart from international payments for goods were those are accepted, but technically wired transferred or forex transfers would be way to cheaper.

And I have heard that their are lot of scams happening in india, I mean currency fraud. So I won't suggest you to be a part of it.

Secondly, the prices are way to high right now, not right time to invest.

And the main thing, it's not monitored just in case owner of the currency says that hua server was hacked.. You loose all the money and their are a lot of cases like that happening globally.