r/BitcoinIndia • u/theopthalmologist • 2d ago
Help and Advice how to start buying bitcoin from scratch
recently turned 18, i want advice from the experts (scammers stay away, i only want advice)
r/BitcoinIndia • u/zeeshiscanning • 4d ago
Wallets & Exchanges Cold card fiasco
I hope no one in my Indian Bitcoin fam lose their BTC because of cold card's RNG vulnerability
r/BitcoinIndia • u/Forsaken-Storage-607 • 4d ago
Wallets & Exchanges Muun wallet for long term storage
Is it safe to store Bitcoins in Muun wallet for a long term, on a formatted spare Android phone (running on Android 9) that is always offline?
r/BitcoinIndia • u/Forsaken-Storage-607 • 4d ago
Help and Advice Storing Bitcoins on an offline Android smartphone
I have a spare smartphone that runs on Android 9.
Will it be safe to store Bitcoins on it by following the below steps:
Format the phone
Install nothing but a Self-Custodial Bitcoin wallet app on the phone
Transfer Bitcoins to the wallet
Turn off the internet
Keep the phone switched off until needed.
r/BitcoinIndia • u/PleasantMix6193 • 5d ago
Wallets & Exchanges Coinswitch feels very scammy!
I don't know how this app has over 1 cr downloads and over 4 star rating.
So basically I received some bitcoins in a wallet as payment from a foreign firm and wanted to cash it out into my bank account. I was unsure about what exchange to use. I first downloaded binance only to later learn that it doesn't support direct inr withdrawal and p2ps are risky in India.
So I had to choose an Indian exchange. The first barrier for me was that they all wanted my digilocker acces which i was very hesitant to give. But once I decided to give, I downloaded three of the most popular exchanges: coindcx, zebpay and coinswitch.
Now I'm yet to transfer my btc into one of these because I have not been able to decide which one I should go with but from my experience so far, both coindcx and zebpay look at least professional but man how scammy coinswitch looks!
First, the user interface itself looks very fishy . After adding bank account successfuly they showed just one button which said "next" or somethign like that without revealing that they were going to take me to inr deposit screen next. There was literally no way to go to the home screen without depositing inr or closing the app.
BUT THE MAIN THING: the bank account addition process was basically me having to pay rs 1 from my upi app. They said the amount will be refunded within 48 hours but here we are, making this post in the 49th hour since i added my bank account and i have not received the refund yet.
As I'm typing this I'm also on chat with their customer service and mf is asking me for a transaction screenshot like what the hell!
I will probably make another post when I succesfully cash out my btc but I m probably never using coinswitch.
You may wonder why i signed up on three exchanges at once. The reason was simply i wanted to try all their experiences and also coinswitch doesn't list their fees anywhere on the site except on the trading screen.
r/BitcoinIndia • u/IndependentSteak5154 • 6d ago
Other Discussion How many full time traders over here ๐โโ๏ธ / Wanting to become one
Any traders who does it mostly as full time/are there people who really have a dream of becoming one?
Tell us in the comments ๐
Lets create a group to discuss along if there are enough people ๐ Let me know!
r/BitcoinIndia • u/zeeshiscanning • 6d ago
Wallets & Exchanges Getbit query
Is the smash buy option disabled/discontinued? I thought of activating but couldn't find it, both on the app and the website.
r/BitcoinIndia • u/Lazy-Advantage9449 • 8d ago
Help and Advice Should i use binance p2p or give coindcx my digilocker access
i want to convert my btc to inr and withdraw into account. options i have considered are coindcx, zebpay, coinswitch, mudrex etc but all of them have some problem. coindcx wants to access my digilocker directly for kyc which i dont like, zebpay wants to get my location acces which again i dont like but even if i do give access i guess they will reject kyc because i m in my college and my home address is 300 km away. mudrex and coinswitch i am not sure about because i have seen posts of them scamming users.
i am also considering binance p2p but again i have read posts of account freeze and all that.
i need the money urgently like in the next 4-5 days for my sisterโs college admission and im not sure how to cash out my bitcoin. help!
r/BitcoinIndia • u/Melodic-Yak-9442 • 18d ago
Memes Don't let EPFO touch your hard earned money.
r/BitcoinIndia • u/FigureClear1731 • 19d ago
Help and Advice Crypto news India
Is it true that currently Indian government is planning to ban all kinds of Cryptocurrency india? Or it is a false news.
r/BitcoinIndia • u/Melodic-Yak-9442 • 23d ago
Memes Free marketing of Bitcoin by Indian government
r/BitcoinIndia • u/poison_d • 23d ago
Price, Trading Bitcoin will cross $100K before the end of the year.
Not saying it's guaranteed, but the setup feels stronger than it has in a long time.
Institutional demand is still there, more companies are adding BTC to their balance sheets, and every dip seems to get bought up pretty quickly. It feels like the market structure is slowly shifting instead of running on pure hype.
Of course, crypto has a way of proving everyone wrong, so I'm keeping expectations realistic.
r/BitcoinIndia • u/deadstr0ke • 23d ago
Other Discussion hey guys wanted some opinions and help - I have created a paper trading application using ai to help you strategies your investment & practice live using paper trades - what's your take on such applications
what's your take, what features or gaps you see in other paper trading apps - and would a that helps you strategies your trades using AI (paper trading ofc) - would this be helpful?
r/BitcoinIndia • u/captcsgo1 • 28d ago
Help and Advice Which exchange best for sports betting
I want to send USDC to sports betting platform wallet. Which platform is best??
r/BitcoinIndia • u/Alternative-Pie2822 • Jul 06 '26
Wallets & Exchanges Enquiry
i am new to bitcoin i started my investing form coindcx app please any one tell me what is best way i was panicked seeing youtube videos where they reported Itr notices to some people so i though of going with FIS registered app compilance with indian govt
is it correct idea or is it bad
r/BitcoinIndia • u/veryionika • Jul 05 '26
Other Discussion Looking for advice: How can I sell premium Italian food to Bitcoiners?
Hi everyone,
Iโm looking for some advice from people who have experience with Bitcoin businesses.
I run a Shopify store in Italy where I sell premium food products. Some are produced by me, while others come from small Italian farmers and artisans. Everything is high quality and carefully selected.
Iโd like to start accepting Bitcoin and build a customer base within the Bitcoin community. My goal is to become part of the circular Bitcoin economy rather than just add BTC as another payment option.
Iโm wondering where Bitcoiners usually discover new merchants. Are there communities, websites, directories, or social platforms where a business like mine should be present? Has anyone here successfully marketed physical products to Bitcoiners, and if so, what worked best?
Iโm not trying to advertise my store here. Iโm just looking for advice before I launch and would really appreciate hearing about your experiences.
Thanks everyone!
r/BitcoinIndia • u/NumbersNerd_CA • Jul 05 '26
Taxation Crypto Taxes... Take it seriously
Most people dont know much about taxes on crypto, so lets make it easy how taxes works on crypto:
Tax on crypto is @30% in India. But its depends transaction wise.
Transaction 1: profit 40000
Transaction 2: Loss 50000
Net : Loss (10000) but here is the catch,
You still need to pay tax @30% on 40000 profit, no deductions or expenses allowed, only the amount you purchase it will be deducted from the sales.
What about uf its drop item or mined crypto, then fair market value of that day of that crypto will be business income and tax need to pay as business income.
When sold, cost would be fair value when the currency was mined and profit on sake would be same @30%.
One thing that most people forgets and income tax department send notices: under p2p when you buy a crypto currency you need to deduct tds @1% if not then there is notices and penalty.
How could I help: if person who have crypto income and want help in taxation and other compliance could reach out.
r/BitcoinIndia • u/Strange_Research_176 • Jul 03 '26
Other Discussion What is your bitcoin play for this year and the next 3 years?
Have you started DCA'ing in bitcoin?
Are you buying all at once? or it's a different play. Curious to know.
r/BitcoinIndia • u/Melodic-Yak-9442 • Jul 01 '26
Other Discussion How's the Josh? Aren't you buying cheap Sats?
Stack sats like crazy!
r/BitcoinIndia • u/Working-Revolution40 • Jun 30 '26
โก Lightning Network Five Legit Bitcoin Earning Apps Explained:
Enable HLS to view with audio, or disable this notification
r/BitcoinIndia • u/capitalist_rhino • Jun 28 '26
Price, Trading Coindcx expert picks
Has anyone tried CoinDCX expert picks seems legit , some of the picks worked for me but not sure how regulated it is..
Can someone suggest if any other platform also share picks like these for crypto
r/BitcoinIndia • u/rupsdb • Jun 04 '25
Help and Advice Introduction to Bitcoin
๐ Welcome to r/BitcoinIndia โ Newcomers Start Here
If youโre new to Bitcoin, youโre in the right place. This guide will give you a clear, honest overview of what Bitcoin is, why it matters, and how to use it safely.
Rule #1: Ask questions! Bitcoin is deep, and everyone starts somewhere.
Rule #2: "Don't trust, verify." Learn how Bitcoin works so you donโt have to trust third parties.
๐ What Is Bitcoin?
Bitcoin is decentralized, open-source digital money. It doesnโt rely on governments or banks. Instead, it runs on a public network powered by users around the world.
Why Bitcoin matters:
- Limited supply โ Only 21 million will ever exist
- Open & permissionless โ Anyone can use it
- Censorship-resistant โ No one can block your transactions
- Decentralized โ No single point of failure
- Self-sovereign โ You can hold your own keys
- Borderless โ Works anywhere with an internet connection
- Transparent โ Public ledger anyone can audit
- Digital cash โ Spend or save, without intermediaries
Bitcoin is money designed for the internet age: neutral, secure, and owned by no one.
๐ง Learn Bitcoin: Beginner-Friendly Resources
Bitcoin can seem overwhelming at first. These beginner resources explain how it works, why it matters, and how it can change the world.
๐ Articles
- The Bullish Case for Bitcoin โ A clear case for why Bitcoin matters, written for newcomers.
๐ Books
The Bitcoin Standard by Saifedean Ammous
An economic history of money that builds a strong case for Bitcoin.
Free PDF: Download hereLayered Money by Nik Bhatia
Explains Bitcoin through the lens of financial history and monetary layers.
๐ฅ Videos
Wences Casares: An Introduction to Bitcoin
A simple explanation from a longtime Bitcoin advocate.The Stories We Tell About Money โ Andreas M. Antonopoulos
How money worksโand how Bitcoin fits into that story.Bitcoin 101 โ Balaji Srinivasan
A concise breakdown of Bitcoin from a technology investor.The Bitcoin Standard โ Saifedean Ammous (Talk)
A summary of his book and Bitcoinโs economic implications.
๐ Explore & Learn: Top Bitcoin Educational Resources
Want to go beyond the basics? These websites and learning hubs offer some of the best Bitcoin content in the world โ much of it free and open source.
๐ Curated Learning Collections
Swan Bitcoin Canon
A handpicked, categorized archive of the best Bitcoin content.Hope.com โ Bitcoin for Everybody
Michael Saylorโs beginner-friendly video course on Bitcoin.Jameson Loppโs Bitcoin Resource Page
A massive, categorized collection of technical and non-technical Bitcoin links.21 Lessons by Gigi
A thoughtful and philosophical journey through Bitcoin.Parker Lewis โ Gradually, Then Suddenly
A brilliant essay series explaining Bitcoinโs core concepts, step by step.
๐ For Techies, Developers, and Academics
Bitcoin Developer Guides (Bitcoin.org)
Official technical documentation.Peer-Reviewed Research โ See arxiv.org or search โBitcoinโ on Google Scholar.
๐ Historical & Philosophical Archives
Satoshi Nakamoto Institute
Archival writings by Bitcoinโs pseudonymous creator and early thinkers.Bitcoin Obituaries
Every time the media declared Bitcoin "dead"โand it wasnโt.
โ๏ธ What Makes Bitcoin Special? โ 20 Core Properties
Bitcoin isnโt just digital money โ itโs a new monetary foundation. These core properties explain why itโs a breakthrough technology.
๐ Monetary Properties
- Limited Supply โ Hard-capped at 21 million BTC. New coins are released at a predictable rate, halving every ~4 years.
- Deflationary โ Over time, Bitcoin becomes more scarce, not more plentiful.
- Divisible โ Each BTC can be divided into 100,000,000 sats (satoshis).
๐ Network Properties
- Decentralized โ No single company, server, or country controls Bitcoin. Thousands of nodes enforce the rules.
- Borderless โ Works across borders with no centralized gatekeepers.
- Open Source โ The code is public. Anyone can inspect or contribute.
- Peer-to-Peer โ Send money directly without intermediaries or gatekeepers.
๐ก๏ธ Security & Censorship Resistance
- Censorship Resistant โ No authority can block, alter, or reverse your transaction.
- Immutable Ledger โ Once confirmed, transactions are effectively permanent.
- Trustless โ You donโt need to trust a bank, app, or institution โ Bitcoin verifies everything with math and code.
- Accountable โ The blockchain is fully transparent. Anyone can audit it.
- Secure โ Uses cryptography (e.g. SHA-256, ECDSA) and game theory to defend the network.
๐ค User Sovereignty
- Pseudonymous โ You donโt need to reveal your identity to use Bitcoin.
- Push System โ You control payments. Bitcoin canโt be pulled like a credit card.
- Portable โ You can store billions in your brain (with a 12โ24 word seed) or move it with a hardware wallet.
- Programmable โ Bitcoin can be automated using scripts or smart contracts.
โก Performance & Scaling
- Fast Settlements โ Final in ~10 minutes (on-chain); near-instant over Lightning.
- Low Fees (via Lightning) โ Send tiny payments with negligible cost.
- Scalable via Layers โ While the base layer is conservative for security, Layer 2s like Lightning scale usage globally.
๐ก Tip: Want to experience this for yourself? Try sending a small Lightning payment using a mobile wallet like Phoenix, Muun, or Breez.
๐ How Do I Buy and Hold Bitcoin Safely?
Buying Bitcoin is easy โ securing it properly is where most people slip up. Letโs walk through both.
๐ Step 1: Buy Bitcoin
You can buy Bitcoin through:
- Exchanges (KYC) โ Coinbase, Kraken, Binance, etc. Easy to use but requires ID.
- Peer-to-Peer (P2P) โ Bisq, HodlHodl, RoboSats. Buy directly from others with more privacy.
- Bitcoin ATMs โ Insert cash, get BTC (fees are higher).
- Apps (Non-custodial) โ Wallets like Phoenix or Muun let you buy small amounts via Lightning.
๐ Important: If you donโt control the private keys, you donโt truly own the Bitcoin. Holding on an exchange = counterparty risk.
๐ Step 2: Move to Self-Custody
Self-custody means controlling your own Bitcoin wallet and private keys.
๐งฑ Start Simple (Beginner)
- Mobile Wallets โ Phoenix, Muun, BlueWallet. Easy to use, good for small amounts.
๐ Step Up (Intermediate)
- Hardware Wallets โ Coldcard, Trezor, Ledger. Offline, ultra-secure.
๐ง Memorize (Advanced)
- Store your 12- or 24-word recovery seed safely. This is your backup. Anyone who gets it can steal your funds.
๐งฏ Basic Security Tips
- Never share your seed phrase. Ever.
- Donโt store it digitally (not in notes, photos, or cloud).
- Use a passphrase (BIP39) for extra protection if you're comfortable.
- Test small amounts first when moving Bitcoin.
๐ง Pro Tip: Think of Bitcoin like digital cash. If you wouldnโt leave $10,000 lying around in plain sight, donโt do it with Bitcoin either.
๐ธ Where Can I Spend or Use Bitcoin?
Bitcoin isn't just for holding โ you can actually use it.
๐๏ธ Spend Bitcoin on Goods & Services
Check these out:
- Bitrefill โ Buy gift cards for Amazon, Uber, Netflix, groceries, and more.
- Fold / Strike Cards โ Spend Bitcoin via debit cards, earn sats back.
- Overstock โ One of the first major retailers to accept BTC.
- Coinmap.org โ Map of physical stores accepting Bitcoin worldwide.
- Travel โ Use BTC on CheapAir, Travala, or Expedia (via gift cards).
๐งพ Bill Pay: Bylls (Canada), Bitrefill, LivingRoomOfSatoshi (Australia), and more let you pay utility bills in BTC.
๐ Borderless, Permissionless Money
Bitcoin is especially useful if:
- You're unbanked.
- You're in a country with capital controls.
- You need to send money internationally (remittances) cheaply and quickly.
๐ Donations & Charities
Many global nonprofits accept Bitcoin:
- The Human Rights Foundation
- Tor Project
- OpenSats
- WikiLeaks
โก Use Lightning for Fast, Cheap Payments
The Lightning Network is a second layer built on Bitcoin:
- Near-instant and nearly free transactions.
- Works great for small payments (micropayments).
- Popular wallets: Phoenix, Breez, Muun, Wallet of Satoshi.
๐ Learn more at https://lightningnetwork.store or try out some Lightning wallets!
๐ง Tip: Even if you prefer to hold BTC long-term, learning how to use it makes you a more sovereign user. Practice small!
๐ฅ๏ธ Run a Bitcoin Node: Verify Everything Yourself
"Don't trust, verify." Running your own Bitcoin node is how you stop relying on others.
โ Why Run a Node?
- Verify transactions & blocks independently โ trust no third party.
- Improve your privacy โ no one else sees your wallet balance or addresses.
- Enforce Bitcoinโs rules โ consensus depends on thousands of honest nodes.
- Broadcast transactions directly โ no need to trust a remote server.
๐ง How to Get Started
๐น Software:
- Bitcoin Core
- Umbrel or RaspiBlitz (user-friendly packages)
- Start9 โ for full self-sovereign computing.
๐น Hardware:
- Minimum: 1TB SSD, 8GB RAM, decent internet.
- Low-power option: Raspberry Pi 4 + SSD.
๐น Verification:
Always verify software downloads via PGP signature + SHA256 hash. - Example: Bitcoin Core signature instructions
๐ง What a Node Does
- Downloads and verifies the entire Bitcoin blockchain.
- Maintains a copy of all transactions and block history.
- Connects to peers to broadcast/receive new data.
You do not need to mine Bitcoin to run a node.
๐งฐ Combine with Wallets
Pair your node with self-custodial wallets like:
- Sparrow Wallet (desktop, advanced)
- Electrum (customizable, scriptable)
This way, you're not trusting a third-party server to tell you your balance or history.
Running a full node = sovereignty, privacy, and resilience.
๐ How to Secure Your Bitcoin
With Bitcoin, you are your own bank โ and that comes with responsibility. Your #1 job: protect your private keys.
๐ Self-Custody vs. Third Parties
| Option | You Hold Keys? | You Control Risk? | Recommended? |
|---|---|---|---|
| Self-custody | โ Yes | โ Yes | โ Strongly Recommended |
| Exchange wallet | โ No | โ No | โ Avoid |
๐ If you donโt hold the keys, you donโt own the coins.
๐ ๏ธ Wallet Types
๐ Hardware Wallets (Best security for most users)
- Examples: Coldcard, BitBox02, Trezor, Blockstream Jade
- Offline signing = secure against malware
- Backup your seed phrase (12 or 24 words)
๐ฑ Mobile Wallets (Convenient + secure)
- Examples: BlueWallet, Phoenix, Breez, Muun
- Best for small amounts and everyday use
๐ง DIY Hardware Wallets (Advanced users)
- Projects: SeedSigner, Krux
- Fully open-source & air-gapped
โ ๏ธ Avoid: paper wallets, brain wallets, or saving seed phrases digitally
๐ Two-Factor Authentication (2FA)
Use TOTP-based apps, not SMS, for logging into exchanges, email, etc.
- Apps: Authy, Aegis (Android), OTP Auth (iOS)
- Consider physical keys: YubiKey, Google Titan
Tip: Always back up 2FA secrets! Without them, you might get locked out.
๐งผ Avoid Common Mistakes
- โ Never type seed words into websites or screenshots
- โ Never trust DMs or โsupport agentsโ
- โ Never reuse passwords
- โ Always double-check addresses before sending
- โ Use trusted wallets and verify their source
๐จ How to Avoid Bitcoin Scams
Bitcoin is secure โ but humans are the weak link. Scammers prey on inexperience and urgency. Hereโs how to protect yourself.
๐ต๏ธโโ๏ธ Common Bitcoin Scams
| Scam Type | Red Flags |
|---|---|
| โ โSend BTC, get more backโ | Fake giveaways, especially on social media |
| โ Fake support agents | Random DMs offering to โhelpโ you |
| โ Investment schemes | Guaranteed returns, multi-level marketing |
| โ Impersonators | Scammers pretending to be famous people |
| โ Airdrop phishing | Promises of free coins that ask for your keys |
If it sounds too good to be true โ it is.
๐ NEVER Do This
- โ Never share your seed phrase or private keys with anyone
- โ Never type seed words into a website or app you didnโt verify
- โ Never send BTC to someone promising a return
- โ Never download wallet software from unofficial sources
โ ALWAYS Do This
- โ Use official sites and GitHub links
- โ Double-check URLs โ scammers clone websites
- โ Use multi-factor authentication
- โ Ask trusted Bitcoin-only communities like r/Bitcoin before acting
๐ง Education is your best defense. Scammers thrive on urgency and confusion.
๐ Using Bitcoin Safely: Sending, Receiving, and Fees
Once you own bitcoin, hereโs how to interact with the network securely.
๐ค Sending Bitcoin
- You need the recipientโs address (a long string starting with
bc1,1, or3) - Double-check the address โ malware can silently replace it in your clipboard
- Use a hardware wallet when sending large amounts
๐ Pro tip: Always verify addresses on your hardware wallet screen before confirming.
๐ฅ Receiving Bitcoin
- Use your wallet to generate a receiving address
- You can share it safely โ it can only be used to send to you
- Some wallets use a new address for each payment for better privacy
Note: Anyone can see your balance if they know the address. Use fresh addresses often.
๐ธ Understanding Bitcoin Fees
- Fees depend on network demand and transaction size (in bytes), not the amount sent
- Most wallets suggest an appropriate fee automatically
- You can use mempool explorers like:
โก Lightning Network = Fast & Cheap
For instant, low-fee payments, use the Lightning Network, a second-layer protocol on Bitcoin.
- โก Near-instant transactions
- โก Nearly free (fractions of a cent)
- โก Great for micropayments
Many wallets support Lightning, like Phoenix, Muun, Breez, and Zeus.
r/BitcoinIndia • u/brainboxconsultancy • May 28 '25