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167% RETURN
IN 2020
BITCOIN – AN INTRODUCTION
• CRYPTO CURRENCY / VIRTUAL
CURRENCY / DIGITAL CURRENCY
• HIGHLY VOLATILE IN NATURE
• HIGHLY RISKY
• HIGH RETURNS WHEN FAVORABLE
• PEER TO PEER BITCOIN NETWORK
BITCOIN - CRYPTOCURRENCY
166 % approx. return
in 2020
HOW DOES THIS WORK?
• Each Bitcoin is basically a digital currency
stored in a digital wallet of app or website.
• Investors can transact in Bitcoins by selling
and buying through digital wallet.
• Every single transaction is recorded in a
public list called the blockchain.
• Bitcoin is taxed at 30% for short-term
investments and around 20% for long-term
(3 years) for the capital gains.
HOW TO BUY BITCOINS ?
• There are several apps like Zebpay, UnoCoin, CoinSecure etc. that
allow users to transact in bitcoins using online payment mediums.
• Funds to buy these can be transferred from your Indian bank account
using NEFT, RTGS, Debit/Credit Card etc.
• These companies function as cryptocurrency exchanges which is
convenient as this will enable easy selling and maintains high liquidity.
• One is required to complete the KYC process and provide Address
proof, PAN and Bank account details for the verification.
IS IT LEGAL IN INDIA?
• It is currently legal to purchase bitcoins
and other cryptocurrencies in India.
• After the Supreme Court verdict in
March this year, the prohibition on
dealing in cryptocurrencies by RBI was
lifted.
• However, there is still no regulatory
body to govern the functioning of these
virtual currencies.

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Bitcoin - The CryptoCurrency

  • 2. BITCOIN – AN INTRODUCTION • CRYPTO CURRENCY / VIRTUAL CURRENCY / DIGITAL CURRENCY • HIGHLY VOLATILE IN NATURE • HIGHLY RISKY • HIGH RETURNS WHEN FAVORABLE • PEER TO PEER BITCOIN NETWORK
  • 3. BITCOIN - CRYPTOCURRENCY 166 % approx. return in 2020
  • 4. HOW DOES THIS WORK? • Each Bitcoin is basically a digital currency stored in a digital wallet of app or website. • Investors can transact in Bitcoins by selling and buying through digital wallet. • Every single transaction is recorded in a public list called the blockchain. • Bitcoin is taxed at 30% for short-term investments and around 20% for long-term (3 years) for the capital gains.
  • 5. HOW TO BUY BITCOINS ? • There are several apps like Zebpay, UnoCoin, CoinSecure etc. that allow users to transact in bitcoins using online payment mediums. • Funds to buy these can be transferred from your Indian bank account using NEFT, RTGS, Debit/Credit Card etc. • These companies function as cryptocurrency exchanges which is convenient as this will enable easy selling and maintains high liquidity. • One is required to complete the KYC process and provide Address proof, PAN and Bank account details for the verification.
  • 6. IS IT LEGAL IN INDIA? • It is currently legal to purchase bitcoins and other cryptocurrencies in India. • After the Supreme Court verdict in March this year, the prohibition on dealing in cryptocurrencies by RBI was lifted. • However, there is still no regulatory body to govern the functioning of these virtual currencies.