The simple answer is No. Though India’s Supreme Court Lifts Banking Ban on Crypto Exchanges but their are no Cryptocurrency regulation policies. However, given this background, one cannot conclude that bitcoins are illegal as, so far, there has been no ban on bitcoins in India. The Supreme Court of India has in its ruling pronounced on 25 February 2019 required the Government to come up with Cryptocurrency regulation policies.
Can i buy Bitcoin in india using Debit/credit card?
Answer is no.
How can I buy Bitcoin/BTC in india using Debit/credit card?
It is true that you cannot buy BTC in india directly by using your Debit/credit cards but indirectly you can buy. How? Let me tell you the proccess:
There so many exchange sites are available where you can exhange your inr to BTC. But i would suggest to sign up AirTM. Okay let me tell you step by step:
1. At first you need a BTC wallet ? Where you can store/save BTC . The most secure BTC wallet is blockchain. Register yourself and remember your Wallet ID and Password. Log in your account and click on BTC( on Left side), then click Deposit/request you will see BTC address, just copy it.
2.Create an account in Airtm, remember your email and password.
3.Log in to your AirTm account and first verify youselfs(optional, you can do it later) by uploading some ID proofs.
4. click on settings in AirTm and click on set up a payment method. Here you can add your Bank account/upi id/Bitcoin address. Add your bank account and BTC wallet address.
5. Click on Add/deposit in AirTm select the amount you want to deposit, then select your bank account, and submit request. Now one of the member/peer will accept your request and you have to send the amount you entered to his bank account. After sending the fund click on confirm and submit the referrals id. Your account will be credited Air Usd. Suppose i want to add 10$ which is 800Rs. then i have to send 800 Rs to my Peer’s bank account and my Airtm account will be credited with 20$ .
6. Last step: Now click on withdraw and select BTC, that means 20$ will be withdrawn to your BTC wallet. check if your BTC address is correct with Blockchain BTC address. submit withdraw request. One of the peer will accept and send the BTC to your blockchain account. Check your blockchain account and confirm it.
This is the safest way to buy Bitcoin in India. Do not invest your money on fake/scam sites for buying crypto/BTC.
Hope you have understand it. If you have any issue just coment it.