Has anyone tried Unocoin?

[foobarjohndoe]

Hey.

I'm new to Bitcoins and wanted to know if someone has tried Unocoin before.

I'm just a little worried of converting Bitcoins to Rupees because I'm not aware of the legality of Bitcoins in India.

(I'll pay income tax for my BTC earnings. Is that all I need to do? Anyone had any first hand experience with this?)

Are there any other recommended ways of selling Bitcoins in India?

Also is there a good number of people owning BTCs in India? I find that most of the people involved in BTCs are from abroad
Well maybe I'm wrong

Thank you

[newIndia]

Hey.

I'm new to Bitcoins and wanted to know if someone has tried Unocoin before.

I'm just a little worried of converting Bitcoins to Rupees because I'm not aware of the legality of Bitcoins in India.

(I'll pay income tax for my BTC earnings. Is that all I need to do? Anyone had any first hand experience with this?)

Are there any other recommended ways of selling Bitcoins in India?

Also is there a good number of people owning BTCs in India? I find that most of the people involved in BTCs are from abroad
Well maybe I'm wrong

Thank you

Regarding your Q about UnoCoin, u might like to check this thread => https://asktom.cf/index.php?topic=418764.0

Recommended way to buy/sell bitcoin is keeping track of ur FIAT profit YoY basis and pay income tax on that depending on your earning slab.

There is no way to know the exact no. of bitcoin holding of any individual unless he/she voluntarily declares it. U might like to read this related article => http://www.nextbigwhat.com/india-bitcoin-millionaire-hiding-297/