Crypto is legal in India. 100 million Indians already invest. You can start with just ₹1,000. Here's the exact 5-step process — from app download to your first Bitcoin purchase — in under 30 minutes.
Step 1: Download CoinDCX (best for beginners — 15M+ users, ₹100 minimum buy). Step 2: Complete KYC. You need: PAN card + Aadhaar + bank account + selfie. Takes 5–30 minutes. Important: names on PAN, Aadhaar, and bank account must match exactly. KYC is mandatory — you cannot buy without it.
Step 3: Add money via UPI (fastest, free). ₹100 minimum. Step 4: Search "BTC" → Buy → Enter ₹2,000 → Confirm. You'll own a fraction of Bitcoin in seconds. Example at current prices: ₹2,000 = 0.000028 BTC. You don't need to buy a whole Bitcoin — ever. It's always divisible.
30% flat tax on ALL crypto profits (no slabs, no exemptions). 1% TDS deducted on every sell above ₹10,000/year. Cannot offset losses against profits. File under Schedule VDA in your ITR by July 31. Use Koinly to auto-generate your tax report from exchange transactions. Get this right from day one.
Step 5: Enable Google Authenticator 2FA immediately. Never share your password or OTP. For amounts above ₹50,000 — consider a hardware wallet (Ledger Nano X, ~₹12,000). Start with BTC only. Add ETH after 3–6 months. Avoid altcoins, leverage, and memecoins until you understand cycles. Start small, learn big.
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