I want to invest in BTC with small amount how can I do it with legal
CoinDCX, CoinSwitch, ZebPay, are the main Indian crypto exchanges where you can legally buy Bitcoin. but it is high risk due to extreme volatility.
My personal view (not advice): I don’t think the bottom is at 70k; a more realistic range is 35k–45k.
Only invest a small amount you can afford to lose.
if you are investing less than 1 lakh, understand that crypto in india is heavily taxed and cost intensive. like you have 30% tax on profits (no set off) plus 1% tds, and exchanges also charge withdrawal, gas, holding and other fees. with small capital, these costs eat a big portion of your returns.
if you still want to proceed, use only an FIU registered exchange like unocoin (an example). never do p2p while selling never!! bank accounts get frozen if the counterparty’s funds are linked to suspicious activity. even if you are genuine or the buyer is, you may face trouble due to the previous chain of transactions.
it is safer to maintain a separate bank account and also keep proper records of all transactions.
crypto is legal in india, but go in only if you understand the risks and compliance requirements.