Bitbuddy launches bitcoin marketplace in India

Bitbuddy, a bitcoin marketplace, recently announced its launch in India. Bitbuddy will allow sellers and shoppers to sell and buy directly on its platform, similar to how online retailers function. According to press release issued by the company, "Bitbuddy will emphasise at providing this secure platform for investors."

As a beginner, Bitbuddy will focus on the crypto traders across the country and millennials worldwide. It will offer competitive pricing, with two months zero trading fees as an introductory offer. Also, there will be a referral bonus and other benefits for initial customers.

Bitbuddy is available both on Play Store and App Store.


Ashish Agarwal, CEO, Bitbuddy said, "India has more than 5 million crypto users. At Bitbudy, we believe that every one of them has an interest in bitcoin. We believe to get traction of 100k customers this year."

On Bitcoin as an investment asset, he said that it's a general myth that Bitcoin is very expensive and one can't afford it. "However, the truth is that one can buy it even for Rs 1,000. It's always good to invest in reliable sources. Other inexpensive cryptocurrencies may not be that good, which means investors end up losing money. However, we believe that nobody should put more than 5 percent of their total portfolio in this cryptocurrency. It should be bought always for the long term," he informed.