Can you buy BTC with credit card/bank transfer without having any legal issues ?

[thenoblebot]

As the topic says. Looking into the legal aspect of things. Have things been worked out ? I reckon converting INR to USD and back on a foreign exchange is the root of the issue. If we can do it, which services allow it with a credit card ? (Not asking for unocoin,coinsecure type with KYC taking a while)

[Rude Boy]

yes! For that localbitcoins will be the good choice. But be catious while dealing with unknown peoples and do check their profile for +ve rep and long trading history. This might helps you from away from scammers.


~Rude Boy

[RocketSingh]

As the topic says. Looking into the legal aspect of things. Have things been worked out ? I reckon converting INR to USD and back on a foreign exchange is the root of the issue. If we can do it, which services allow it with a credit card ? (Not asking for unocoin,coinsecure type with KYC taking a while)

Converting INR to USD and back on a foreign exchange always exposes u to AML risk. Better approach is to keep the FIAT Tx INR only. You can do it on all direct trading exchanges like LBC or 100bit.co.in without submitting the KYC.

[baristor]

maybe a silly question but what is KYC ? :p

[newIndia]

maybe a silly question but what is KYC ? :p

KYC stands for Know Your Customer.

https://en.wikipedia.org/wiki/Know_your_customer

[baristor]

maybe a silly question but what is KYC ? :p

KYC stands for Know Your Customer.

https://en.wikipedia.org/wiki/Know_your_customer

Thanks for d info,

Also id like to know this kyc how does it matter in legal issues like will they be sending information of us buying bitcoins to indian govt or wht? I dont pay taxes

[vennali]

Is there any indian site that lets you buy bitcoin with your CC ? Don't all of them need you to connect your bank accounts to your exchange account ?