FREQUENTLY ASKED QUESTIONSInformation of Cryptocurrencies 101:
What is a Cryptocurrency/Crypto Assets?Crypto Assets are a virtual assets , which is emerging a Global Store of Value backed by the blockchain technology, creating a decentralised ecosystem. There are more than 5000 Crypto Assets & Cryptocurrencies , out of which Bitcoin is the most prominent one.
Are Crypto Assets Legal in India?Yes, Cryptoassets is absolutely legal in India.
What is the Future of CryptoassetsTrading in India?The scope of Crypto Assets in India looks really amazing as India has a very high potential , which would contribute to the enhancement of the economy as well.
How to Buy Cryptoassets in India?You can buy Crypto Assets in India by downloading Biteeu, and then you can follow the simple steps to buy several CryptoAssets with INR, at the best rate.
Why Biteeu is the best Crypto Assets Trading Platform in India?Biteeu is powered by Bittrex global which is leading, most compliant, reputed , secured and oldest crypto currency exchange globally since 2014. We offer highest liquidity, easy to use app with pro tools for the traders along with highest liquidity shared from bittrex along with 24*7 deposit/withdrawal support.
How can I buy any Crypto Assets other than bitcoins in India?You can buy several crypto currencies from Biteeu and the process is exactly the same like buying Bitcoin. You need to download the Biteeu app and complete the KYC process after that you can buy any cryptos with INR.
Which is the best Crypto Asset to invest in India?All the Crypto Assets have their unique vision statement, with a different purpose. You need to do thorough research on any Crypto Assets you are deciding to invest in. Bitcoin is the most favorable Crypto Assets in India. Other Crypto’s include Ethereum, Ripple, Binance Coin, and Litecoin.
Why is it the best time to invest in crypto?Based on its market capitalization data from CoinMarketCap, BTC ranks #1 in the world. When Bitcoin`s market capitalization is doubled, it would be bigger than market capitalization of currencies like INR, JPY, etc.
How is Crypto Assets disrupting the global scenario?Crypto Assets particularly Bitcoin, Ethereum is emerging as a global store of value. Crypto Assets being traded globally provides a good hedge against global inflation and emerging as store of value as it can be traded and encashed in any currency around the world. “ Think of holding Bitcoin like holding USD, INR, GBP, EUR together” The best part of crypto is that its decentralized, fast, secured and operates on a P2P network. Moreover, a lot of countries around the world have come up with Cryptobanks & Regulations enabling holders of such assets to borrow and lend funds at a very competitive rate of interest. Moreover if you look at the global scenario several Countries like US, UK , EU, Australia, Singapore have launched several crypto friendly frameworks supporting businesses and startups in this area.