Checkout the legality of cryptocurrency trading in India

Anything that sounds even a bit fresh and different than what we usually hear rings the bell of lawsuits in our head. Internet has made it very easy for people to start worrying uselessly. It is good to know about your rights and to be aware of when you can fall in trouble but that doesn't mean that you will panic for no reason.

Today we will be discussing about one of such topics. Cryptocurrency. The debates on its legality has stormed out of news channel reviews and taken a very stringent form in the minds of people. We understand that reading so many different things from people and blogs can get a bit confusing at times. Crypto to crypto trading in India has gained a lot of rumors and has scared people away but if you are reading this then you sure are interested in knowing the truth.

Cryptocurrency and legal issues

Indian law keeps making new amendments and laws as situations change. It feels necessary to adopt modern means of issues into the legal structure that follows.

When we talk about cryptocurrency exchange in India why does it happen that we start worrying if the idea or concept in general is legal or not. That is quite understandable witnessing the rumor spree that has followed.

The truth of legality of cryptocurrency

Cryptocurrency is not illegal in India. There is no law or rule or amendment passed which will say that it is not legal. The Indian law has refused to take any kind of stand on the legal state of this particular crypto. You also need to understand that neither has any person involved in the economic or monetary framework ever made that statement.

So you might question, what is the position on crypto then? The honest answer is that it is 'neutral'. Yes! The RBI (Reserve Bank of India) has refused to consider Bitcoin or any other kind of crypto as a legitimate form of currency. That does not mean it is not legal. All it means is that they do not recognize it as a form of currency which they will choose to trade or exchange with.

The government on the other hand has made no statements with regards to cryptocurrency at all. That speaks for a lot of it.

Long story short; it is neither illegal nor is their mention of its inexistence in Indian law. Since there is no mention of crypto at all, why not trade it freely and openly like millions of other Indians.

Is it safe for me to trade cryptos or not?

It is more than just safe for you to trade and exchange cryptos. You can freely visit any website that performs as an exchange make transactions there. Blockage is a very good example for that. Here you can make worldwide transactions without any kind of transactional charges.

Thousands of people have been investing in Bitcoin and other cryptos for a decade now and earning so much profit. Well not a single one of them faced any kind of lawsuit and neither will you my friend! So drop the worrying hat and freely invest in any kind of crypto you want with adequate amount of research to follow with.

3 Solid reasons to choose Blockage as your Cryptocurrency trading website

Blockage is the first crypto to crypto exchange and trading platform in India. It is your one stop solution for cryptocurrency trading in India. This crypto to crypto exchange in India facilitates the users to trade and exchange cryptos all across the globe without any cost. But you might be wondering that why should you go for this exchange particularly? Why is it better than the other exchanges available on the internet?

In this article we will tell you about three very strong reasons why you must go for Blockage instead of any other exchange. These would convince you perfectly.

Here we go:

1. No KYC

Cryptocurrency trading can be a matter of private choice. Suppose you choose to participate in cryptocurrency trading in India and you want to keep yourself anonymous then there is no reason why you have to reveal your identity. Blockage understands that and let you keep your identity a secret. You do not have to go through any kind of KYC or verification to start trading with on the website. You can imply sign up, get your free cryptos (yes! that actually happens) and start trading anywhere in the world you want. Simple as that.

2. Cold Storage and insurance

Blockage offers a cold storage to all its users who exchange or trade cryptocurrencies with us. It is probably the only crypto to crypto exchange in India which does that. It is offline secured storage where your funds are kept properly.

In addition to that, you also have the insurance benefit. You get a mandatory insurance for all the funds and cryptos you choose to trade with us. Our security would make you never leave us. We make it a point to keep our customers' hard earned money at the top most security possible.

3. Applications are available

In a world where everything we want has shrunken to out two palms and a four inch screen it can get quite tedious to visit the website time and again to make transactions. Therefore, we have introduced the Blockage application for Google play store. Here you can exchange and trade cryptos with a single click on your mobile screens. Nothing can get easier than that. Go to your play store and download the application straight away. All your benefits and services are the same but with more convenience.

To visit the website click here and if you are stuck somewhere then reach out to us and we will assist you accordingly! Happy trading and investing!!

Know the value of cryptocurrency exchange rate in India

The hype of cryptocurrency has only increased over the last decade. There has been no drooping or fall in this. Cryptocurrency is the digital asset which is a decentralized network of currency. Bitcoin emerged as the first cryptocurrency in 2009, introducing the latter as well.

Cryptocurrency exchanges provide an opportunity to all the investors to explore their options with all the other cryptos available on the market. After the invention of Bitcoin we have seen more than a thousand other cryptocurrencies make their way.

These cryptocurrencies initially came with the slogan that their services would be an improvement upon Bitcoin. Crypto to crypto exchange in India has however emerged from simply exchanging one crypto to the other. It is a fully fledged business strategy in play. People involved in the cryptocurrency trading in India always have very ascertained motives clicked to their agendas.

Cryptocurrency trading in India sure is volatile in nature but that is highly positive. If you want to make good money with the most open system of investment then this is the best place to invest in.

In addition to that when you dilute the cryptocurrency value in terms of INR then you will find out that the exchange value is huge. Big celebrities and businessmen always keep an eye open to stay atop with the cryptocurrency game.

An additional advantage is that you will find out about the global trade exchange values too. Cryptocurrency exchanges and blockchain system makes it a point to keep your identity anonymous. This means that no matter to whom you transact or how many transactions you make your identity would remain a secret. This is a very big USP which attracts people from all walks of life to trade in cryptocurrency.

You will be shocked to find out that regardless of all the underdog attitude of Bitcoin it is pretty mainstream into the business world. Share market holders from all different backdrops consider it a bonus to invest in cryptocurrency.

In 2010 the value of 10,000 Bitcoins was equivalent to two pizzas. That quickly changed. Today the value of Bitcoin is very volatile in nature. Blockage is a crypto to crypto exchange in India which shows live value of the cryptocurrencies with all fluctuations. This cryptocurrency exchange is your best shot at knowing where to invest and trade. Another great thing about trading cryptocurrencies is that since it is a decentralized currency the scope for it to expand and grow is unlimited.

Value of cryptocurrency exchange in Indian market

Cryptocurrency has all the latest limelight and unrigged attention. Cryptocurrency exchange in India has slowly and steadily gained a very good ground with growing number of investors every passing day. You will find more people choosing to invest their money in cryptocurrency. Since the invention of Bitcoin in 2009 by the alias Satoshi Nakamoto the cryptocurrency market all around the world stood in awe. A new kind of currency has come in their pocket. Cryptocurrency trading in India began in the early 2010 when other cryptocurrencies also started popping out in the market.

Earlier it just the monopoly of Bitcoin but as of now there are hundreds of different cryptocurrencies which you can choose from. Cryptocurrency trading in India is an excellent choice if you are passionate about earning profits. The value of cryptocurrencies in Indian market keeps fluctuating with time. There are severe ups and downs which the Indian market goes through. But isn't that the same with fiat currencies? Just because these are digital and new in nature you cannot blame them to be volatile. The value of Dollar and Yen shows major ups and downs all the time. That doesn't mean people would stop carrying currency.

Blockage is a cryptocurrency exchange in India, the first one actually. This exchange gives added bonus advantages to all the users to who decide to exchange and trade with their website. Blockage allows free transactions and exchanges all across the world. You get your funds stored safely in a cold storage. There is insurance protection too. The best part is that if you trade with Blockage you wouldn't have to face any kind of KYC. There is no customer information manual that one has to fill out. Your privacy is kept secret.

The anonymity of all the users is taken care of very properly. The Indian market is very accepting of share values in the cryptocurrency world. Merchants and investors from all walks of business openly invest in cryptocurrency. Since the state of Bitcoin's existence is neutral and not illegal investors d not give it a second thought before investing and neither should you.

Having said that, one needs to always understand that cryptocurrency since the very inception has been existing on mining. The number of increased users has made it possible for people to utilize cryptocurrency in all the different sectors. A large number of websites and international stores openly accept Bitcoin as a legitimate form of payment.

The Indian market has huge potential and great growth capability if invested in properly.

Happy investing!!

How having a Bitcoin wallet can boost your online crypto trading?

Bitcoin was invented in 2009 by the alias Satoshi Nakamoto. For years no one knew who he was until in the recent the man came up front and revealed himself claiming to be Craig Wright. Craig Wright claimed to be the inventor of Bitcoin.

With the inception of Bitcoin, we saw the emergence of cryptocurrencies into the world. A Bitcoin wallet is the first step you take into setting up your journey in crypto to crypto trading. First of all you need to visit a website or exchange which sells Bitcoin. Get started by making a wallet and then buy Bitcoin. The reason why we are talking about the importance of Bitcoin wallet is pretty simple. Many people feel that step is unnecessary and skip it.

The profit you receive on your Bitcoin investment is given higher value if you possess a wallet. Plenty of investors buy Bitcoin from other people who are online selling their already existing cryptos. Online cryptocurrency trading in India is a good idea but do not throw away or collect Bitcoin without having a proper wallet.

There are a lot of exchanges which offer you Bitcoin wallet in India with good security. A Bitcoin wallet is completely secured and safe. The blockchain technology creates anonymous and unique ids for everyone. It would be impossible for someone to hack or crack it. You need not worry about the security factor. On top of that the identity of all the users who invest or trade with Bitcoin is kept a secret. An anonymous identity is given to everyone. No one will know it is you making the transaction.

This protects the privacy and security of the users. Boosting your crypto trading is not really in your hands. All you can do is take all the correct measures from your end. The first thing would be to have a wallet and not skip on that part. Cryptocurrency trading in India is slightly unpredictable and this because of the fluctuating rates. So keep an eye on the market and know when to invest more and when not to withdraw that crypto.

Having a Bitcoin wallet in India would make sure that your funds are not scattered and stored at one place. It will also help you keep track of all the transactions and investments you make. Keeping a wallet would make sure that you have a detailed list of your actions. So in case you find any of your funds missing then the wallet details would let you know where to go.

Visit the Blockage.io website for the safest and the best experience with crypto to crypto trading and exchange. As India’s first exchange it has options and advantages that no other exchange would be able to offer.

Happy Trading!!

The turning point in the history of Bitcoin

As of 2018, the history of Bitcoin is surprisingly close to a decade old. Bitcoin is a very buzzing subject and changes are a constant. Every other day we see Bitcoin making its way through the headlines and groping all the attention.

It is almost impossible to track down all the events that take place with the oldest and most popular cryptocurrency but it sure as hell is possible to discuss about some of the turning points that changed the course of this cryptocurrency. A history of ten years is difficult to be jotted down in one article but here are three of the major things that have happened with Bitcoin which completely turned it around.

Introduction of its domain

Bitcoin is a decentralized entity which makes it impossible for it to have a website of its own. But the closest thing to it is Bitcoin.org which is kind of the like the official go-to platform. Bitcoin exchange and transfer entered as a recognized activity in 2008 after the launch of Bitcoin.org. This also made having a Bitcoin wallet legitimate.

Mining of cryptocurrencies

Bitcoin exchange and transactions are assisted on the open ledger at a gap of every ten minutes in separate pieces commonly known as blocks. The present block refers itself with the earlier block, which further refers to the one which came prior to it. From the tangent created by the blocks as they move from one to the other, the public ledger got the popular name ‘Blockchain.’

The genesis block was the first to be recorded and begin the chain that makes up the public ledger. It is a unique block (technically all blocks are) as it is coordinated with no other one, but the identification of this block is associated with every other block that came following it. To knowingly modify the details of the block getting mined at any given moment, one will be required to alter replicated details in all the blocks in the chain going back to the genesis block.

Buying of two pizzas for 10,000 BTC

This is certainly the most controversial and popular step that happened in the history of Bitcoin. People saw use of Bitcoin wallet and cared to understand it even better.

As of 2018, more than a hundred online and offline stores allow you to use not just Bitcoin but other cryptocurrencies to purchase their products and services. Millions of bitcoin transactions keep taking place on a daily basis.

Having said that, do you remember the first transaction ever?

 the first ever transaction where digital currency was used to buy a practical and really existing product later turned out to be a hefty and costly purchase. In May 2010, a Florida-based programmer named Laszlo Hanyecz made an offer that he was willing to pay 10,000 BTC for pizza. With the then exchange rate, the value added up to an around 25 USD. But if you estimate with current exchange rates, the pizza cost did cost him around 100 USD. That is quite some dedication for having Pizza!

Happy investing folks!!

Do you know what Ethereum is?

When we talk about cryptocurrency a lot of people do not know anything other than Bitcoin. Ethereum is the second largest cryptocurrency in the market after Bitcoin. People buy ethereum comparatively much less than Bitcoin but slowly and steadily it is gaining some prominence. It may not be spoken of at the same time and same breath with that of Bitcoin but it is getting there.
Ethereum has shown a growth in the past couple of months increasing its value almost ten times.

There are a lot of advantages of investing in Ethereum too. The apps never go off and that makes it a zero downtime application. It is fraud proof and tamper free. The security maintenance of this particular platform is beyond explanations.

A lot of characteristics are pretty similar to those of the Bitcoin. It is also decentralized, anonymous, and obviously includes miners. The ethereum is kept secure by Ether which acts as an incentive to all the miners. Ethereum, in the beginning had very limited usage and actions in the beginning but as time passed by it expanded to achieve greater features.

Vitalik Buterin is a Canadian-Russian programmer who founded Ethereum with the vision of transforming currency and online transactions. Initially he wanted to create a blog for Bitcoin when he met a person in Bitcoin chat forum.

He came up saying that Ethereum is a better upgrade of Bitcoin. To come clean on white paper we only saw Ethereum make strides in 2013. No doubt that there were a lot of glitches in the beginning but that all got better with time.

Cryptocurrency exchange in India has seen almost equal investments from both Bitcoin and Ethereum. Digital currencies see an upward trend in the economic market. Ethereum is a much more flexible structure than that of Bitcoin. The codes in block chain can be altered and crafted equally.