If you aren’t in the hurry to convert your bitcoin in fiat currency and want to avoid the tax liabilities for a little time, you may convert BTC to INR. You can also use USDT that has got its own benefits while compared to dealing over EUR or USD if you are planning to buy BTC later. If you move cash in or out of the bank account often makes you highly accountable and might add in your taxes as well. You do not have to worry about volatility of the cryptocurrencies whenever you switch over to USDT as USDT maintains the parity with the real US dollars, thus maintaining the value of $1 every USDT always.
This also will reduce the headache of transferring in the fiat currencies for exchanges to buy the Bitcoins as USDT will be used for buying Bitcoins later in case you want.
- It is simple to buy bitcoins by accepting it as the payment for the goods or services or buying it from your friend or somebody close to you. You also can buy it directly from the exchange with bank account.
- There’s the growing number of the services or merchants accepting BTC all across the world. You may use Bitcoin for paying them or rating your experience in helping the honest businesses to get more visibility.
- Bitcoin industry is changing and there is a lot of Bitcoin news to stay updated.
- Beware of confusingly same Bcash, Bitcoin Cash and BCH