Question: My friend in India wants to start investing in cryptocurrency such as bitcoin. I have a few questions. What is the current legality of cryptocurrency in India? What exchange should he use? What wallet app should he use (should support main popular coins)?


1 Answer 1


Crypto was declared legal in India, earlier this year by the Supreme Court. That being said there are no legal frameworks/regulations right now by the government.

WazirX is one popular exchange in India. Haven't used it though.

  • None of the KYC exchanges in India are good
    – user103136
    Dec 2, 2020 at 9:04
  • mentioned that haven't used it, therefore got no idea.
    – Ayush
    Dec 2, 2020 at 9:34

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