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Is Binance Legal and Safe for Cryptocurrency Trading in India?

Samraat Jadhav |2346 Answers |Ask -Follow

Stock Market Expert - Answered on Jan 02, 2025

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Question by Yam on Dec 28, 2024Hindi

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Dear sir, I have heard the name of Binance Trading. It is an Online Trading Platform for Cryptocurrency. Is it a legal platform in India to invest in? Is it registered with RBI for trading in India? Is it safe to invest in? Please guide?

Ans: crypto is not regulated in India by any Regulator so it's not RBI registered. You can trade in crypto but its heavily taxed in India.
so please chk all details before trading.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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