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Bitcoin in India, explained simply.

No jargon, no hype. What Bitcoin is, how a Systematic Buying Plan works, how to keep it safe, and what the tax rules actually say.

Bitcoin basics SIP / SBP Security & self-custody India crypto tax

Bitcoin basics

Bitcoin is digital money that no single company or government issues. It runs on a public network maintained by thousands of computers worldwide. There will only ever be 21 million bitcoin, and that limit is fixed in the software.

Each bitcoin divides into 100 million smaller units called satoshis, so you never have to buy a whole coin. Buying ₹10 of Bitcoin simply gives you a small number of satoshis. On the home page, the ₹10 calculator shows exactly how many, at the live price.

Why people hold it

  • A supply that cannot be inflated, unlike currencies that can be printed.
  • You can send it globally in minutes, and over the Lightning Network in under a second.
  • You can hold it yourself, without needing a bank's permission.

Bitcoin is volatile. Its price can rise or fall sharply. Only commit what you can hold through the swings.

Systematic Buying Plan (SIP)

A Systematic Buying Plan (SBP), often called a SIP, buys a fixed rupee amount on a set schedule, for example ₹100 every week. This is rupee-cost averaging.

Because you buy the same rupee amount each time, you automatically get more Bitcoin when the price is low and less when it is high. Over time this smooths out the volatility and removes the pressure of trying to time the market.

  • Start from just ₹10, with zero SBP fees.
  • Choose daily, weekly, or monthly.
  • Change or pause it anytime.
Try it: the SBP projection tool on the home page runs a plan against Bitcoin's past yearly prices, so you can see how a small, steady habit could have looked. It is illustrative and based on past prices, not a prediction.

Security & self-custody

Two things keep your Bitcoin safe: the platform's security, and your own habits.

On the platform

IndiaBitcoin, powered by Unocoin, keeps 95% of assets in cold storage, offline and away from the internet, with multi-signature wallets and regular security audits. It has operated since 2013 with zero security breaches.

Self-custody: your keys, your coins

Self-custody means moving your Bitcoin to a wallet whose keys only you hold. You can move Bitcoin off the platform to your own wallet anytime with zero-fee transfers. If you self-custody, protect your recovery phrase: write it down offline, never share it, and never type it into a website or message.

  • Turn on two-factor authentication on your account.
  • Never share your OTP, password, or recovery phrase with anyone, including support.
  • Be wary of anyone promising guaranteed returns. No one can guarantee Bitcoin's price.

India crypto tax

Under the Finance Act 2022, virtual digital assets like Bitcoin have specific tax rules in India:

  • 30% flat tax on profits from transferring a virtual digital asset. No deductions are allowed except the cost of acquisition.
  • 1% TDS (tax deducted at source) on transfers above the prescribed threshold. This is an advance tax you can adjust against your final liability.
  • Losses cannot be set off against other income, and cannot be carried forward.
  • Gifts of virtual digital assets can be taxable in the hands of the receiver.
Plain version: if you sell at a profit, expect 30% tax on the gain, and a 1% TDS gets deducted on trades along the way.

This is general information, current as of the Finance Act 2022 framework, not tax advice. Rules can change and individual situations differ. Consult a qualified tax professional for your own filing.

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