What is safest way way to buy bitcoin in India

Bitcoin Questions and AnswersCategory: General questionsWhat is safest way way to buy bitcoin in India

Mukesh Gupta asked 2 years ago

I am from India and have bought Bitcoin through bitcoin wallet “Zebpay” four month back. I have some doubts –
i.)  I am planning to buy more bitcoin to keep for long time. Which is the best website in India to trade bitcoin. I want to pay in  INR ?
ii) If in case i want to withdraw the money (after selling bitcoin) to my bank account after two or three years then how it can be done?
iii) Which is most secure –  Paper wallet  or Hardware wallet ?
iv) i want to keep all bitcoin for long time (if may be 10 years ) then what should i do ?
v) Is it advisable to buy bitcoin for such a long time period?

1 Answers
Zsofia Elek answered 2 years ago

Hi Mukesh,
Zebpay is a good choice if you want to pay with INR for Bitcoins. You can also try Cex.io for trading, however they only accepts deposits in USD/EUR/RUB fiat currencies. 
It is suggested to store Bitcoins in cold storages in hardware or paper wallets as. You can read more about the different wallet types here, the difference between these two wallets are more in terms of usability. 
Bitcoin does not even exist for 10 years, so nobody would be able to tell you exactly what will happen the next decade. But these two types of wallets are indeed a good solution to store Bitcoins for a long period of time. 

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