What is Bitcoin Trading in India?

Bitcoin trading in India refers to buying, selling, or exchanging Bitcoin through platforms that offer cryptocurrency services. For those unaware, Bitcoin is a digital asset operating through blockchain technology. Generally, its price fluctuates due to various factors, such as:

• Market demand
• Investor sentiment
• Regulatory developments, and
• Global market conditions.

Additionally, as per the provisions of the Income Tax Act, 1961, any income arising from bitcoin trading in India is classified as “income from transfer of virtual digital assets (VDAs)”. A 30% tax on income from the transfer of a VDA, along with applicable surcharge and cess, is applicable.

How to Trade Bitcoin in India?

Bitcoin can be traded in India through platforms that provide access to cryptocurrency markets. With Trade246, you can trade in 50+ digital assets, including Bitcoin, Ethereum, Solana, XRP, and other cryptocurrencies. 

Besides, cryptocurrency trading can be performed at lifetime zero* brokerage with unlimited access to advanced TradingView charts with 100+ indicators and professional drawing tools. Register today and start with a minimum deposit of ₹1,000.

*Statutory taxes and charges may apply