From nowhere to 100,000 app downloads and adding 20,000 users a month. India will soon have more active bitcoin users that the rest of the world combined. This adoption rate, will cement bitcoin as the world digital currency above all other coins.
Bitcoin Price in India Surpasses International Market Rate
During the November 2016's demonetization drive initiated by India's Prime Minister Narendra Modi, Bitcoin price on Indian exchanges had similarly surpassed the global rates. Increasing local demand in the face of limited supply has prompted Bitcoin price to reach an all-time high on Indian exchanges – nearly 15-percent the going rate in global markets. According to the statistics available on BitcoinRates.in, the current daily average Bitcoin buying and selling rate on all Indian exchanges are ₹ 834,812.90 (~ $12,951.87) and ₹ 820,489.20 (~ $12,729.64). In the international markets, the rate for the same Bitcoin unit is $11,246. The event has two outcomes: good and bad. The good outcome is for the people who are accepting Bitcoins for goods and services from international clients. Due to the huge gap between the global and local rates, people can practically receive more money than they had invoiced. The flip side is for the locals who have no other mean to obtain Bitcoins than to buy it directly from the exchange – at skyrocketing prices. Nonetheless, the demand for Bitcoin is increasing. ZebPay, one of India’s leading Bitcoin exchanges, has confirmed the surge by issuing an update on their support services. It reads: “In the last two weeks, there’s been an unprecedented surge in new users. This has also led to a surge in calls and support tickets that we are getting. This is far higher than the capacity we had anticipated.” [Author’s Note: ZebPay is successfully clearing the backlogs and the reference to their update is only to prove Bitcoin’s increasing demand in India.] During the November 2016’s demonetization drive initiated by India’s Prime Minister Narendra Modi, Bitcoin price on Indian exchanges had similarly surpassed the global rates. Reason: Due to local laws, crypto-exchanges in India buy and sell Bitcoins only from Indian users. So, if demand increases, these exchanges cannot buy Bitcoins from international exchanges at cheaper rates. In a similar event this year, the price of Bitcoin had touched $15,000 on a Zimbabwean exchange amidst a political turmoil and a feared coup.
12-30 20:42 - 'Buy Sell Bitcoins in India.Zebpay is the fastest and easiest way to Buy and Sell Bitcoins. We guarantee fast transaction processing and the best bitcoin rates.' (link.zebpay.com) by /u/haneefa143 removed from /r/Bitcoin within 362-367min
FAQs on Buy Bitcoin in India Is Buying Bitcoin in India a Good Investment? Bitcoin is definitely a good investment option as its network is getting more reliable with increased adoption rates. Although one must be ready to take risks, analyze, and take investment decisions. Is It Legal to Buy Bitcoin in India? Bitcoin market in India. There goes India’s cryptocurrency market. The Reserve Bank of India banned banks from permitting individuals to transfer cash from their bank account into Bitcoin wallets. India isn’t an enormous marketplace for crypto, so Bitcoin was down and possibly not because of the RBI’s announcement. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin price has became a hotly discussed topic across the world, including India, recently as its value skyrocketed to nearly $20,000. Even as everyone grapples with the constantly rise and dip ... Bitcoinrates.in does not recommend for or against any exchange, the sole purpose of Bitcoinrates.in is to display the bitcoin rates from all bitcoin exchanges available in India. None of the exchanges listed on our site should be considered trusted by default.
Hello Friends is Video Me Aap Dekhiye Bitcoin buy/sell karne ke liye aap is link par click karke registration kar lijiye. https://goo.gl/Kvh1F7 Join our Sponserhip Program:- https://www.youtube ... In this Video Dr. Vivek Bindra discusses about Bitcoin. Dr Vivek Bindra shares in detail whether you should invest in Bitcoin or not. Dr Vivek Bindra shares ... Namaskaar Dosto, is video mein maine aapse Bitcoin ke baare mein baat ki hai, India mein RBI ne Bitcoin ko leke kuch statements release kiye hai aur bahut se cryptocurrency users Panic kar rahe ... Bitcoin Exchanger Rate is Very High compare between International exchanger and Indian exchanger. In this video I suggest some exchanger where you buy bitcoin very low price. What is Cryptocurrency ? - Acts as a cryptocurrency wallet and exchange to buy, sell, and hold bitcoin, ethereum, litecoin and 200 other cryptocurrencies - Can buy bitcoin and other cryptocurrencies in INR with BHIM/UPI ...