Quick Summary
Curious about how to invest in NFTs in India or the legal framework for NFTs in India in 2025? You’re not alone—thousands of digital creators, gamers, and investors are exploring this booming space. As non-fungible tokens (NFTs) reshape the global digital economy, India’s tech-savvy population is embracing them for opportunities in digital art, music, gaming collectibles like Treasure NFT, and virtual assets.
In this complete guide, we’ll cover what NFTs are, why they matter, how India regulates NFTs, and the top NFT marketplaces in India to get started. Whether you’re an artist selling digital art, a gamer trading collectibles, or an investor diversifying your portfolio, this article gives you the roadmap to confidently explore and succeed in the NFT ecosystem in India.
If you’ve been hearing the term “NFT in India” a lot lately, you’re not alone. The NFT full form is Non-Fungible Token, which are digital assets that represent ownership of unique items like art, music, videos, or even real estate. Unlike cryptocurrencies such as Bitcoin, which are interchangeable (fungible), NFTs are one-of-a-kind and cannot be exchanged on a one-to-one basis.
In simple terms, think of an NFT as a certificate of ownership for something digital. For example, if you buy an NFT artwork, you own the original version of that piece, even though others might see or download it online.
India has seen a surge in interest around NFT in India, thanks to its growing tech-savvy population and increasing adoption of blockchain technology. From artists selling their work as NFTs to brands launching digital collectibles, the space is booming. However, with this rise comes questions about legality, taxes, and how to get started.
This guide will answer all your questions about NFT in India —from what they are to how you can buy, sell, and invest in them legally.
One of the most common questions people ask is: “Is NFT legal in India?” Let’s break it down.
Yes, NFT is legal in India. The Reserve Bank of India (RBI) does not ban NFTs outright. However, since NFTs often rely on cryptocurrency transactions, there are certain rules and regulations you need to follow.
Non-fungible tokens (NFTs) are unique digital assets stored on blockchain technology. Here are their key characteristics:
Buying or selling NFT in India is easier than you might think. Here’s a step-by-step guide:
There are several platforms where you can trade NFT in India. Some popular ones include:
| PLATFORM | FEES | FEATURES |
|---|---|---|
| WazirX | Low transaction fees | Easy interface, INR support |
| CoinDCX | Moderate fees | Wide range of NFT categories |
| OpenSea | Gas fees apply | Global reach, diverse options |
To buy or sell NFTs in India, you’ll need a crypto wallet compatible with your chosen platform. Examples include MetaMask, Trust Wallet, or Coinbase Wallet.
Most platforms require you to pay using cryptocurrencies like Ethereum (ETH). You can purchase ETH through exchanges like WazirX or CoinSwitch Kuber.
Once your wallet is funded, browse the marketplace for NFTs in India that interest you. When you find something you like, place a bid or buy it directly.
NFT trading refers to the practice of buying and selling NFTs for profit, much like cryptocurrency or stock trading. In India, NFT trading has become popular among artists, collectors, and digital investors looking to make returns from unique digital assets. Platforms like OpenSea, Binance, and WazirX support real-time NFT trading, allowing users to auction, flip, or hold NFTs based on market trends.
Before diving into NFT trading, research the project’s authenticity, the creator’s reputation, and the asset’s rarity. This minimizes the risk and increases your chance of making a profitable trade.
Taxes are an important part of trading NFT in India. Understanding the tax rules will help you avoid penalties and stay compliant.
Let’s say you sell an NFT in India for ₹50,000:
Creating your own NFT in India is a great way to showcase your talent or monetize your creations. Follow these steps:
You can mint almost anything as an NFT artwork, music, videos, memes, or tweets. Make sure your creation is original and doesn’t violate copyright laws.
Ethereum is the most popular blockchain for minting NFT in India. Other options include Polygon, Solana, and Binance Smart Chain.
Platforms like OpenSea and Rarible allow you to easily upload and mint your NFT. Simply connect your wallet, upload your file, and follow the prompts.
Minting an NFT in India requires paying “gas fees,” which are charges for processing transactions on the blockchain. These fees vary depending on network congestion.
Once minted, list your NFT for sale on the marketplace. You can set a fixed price or auction it off.
Once you’ve understood how to buy NFT in India, you need to search for a marketplace. NFT marketplaces in India offer a medium for collectors and creators to meet. Creators can list their respective NFTs for sale, and collectors can bid or buy them. The creators get a small percentage of profit as a royalty whenever an NFT sells. The number of NFT platforms has developed just as quickly as the number of NFTs available for purchase. All NFT platforms in India differ slightly in the set of features and fee structure.
Let’s have a look at where to buy NFT market India for your first purchase. They will offer you the best NFTs to buy in India. This will allow you to become more knowledgeable about them and make an informed choice.
WazirX is an Indian cryptocurrency exchange that was founded in 2018. It has over 7.3 million users and is one of the first platforms to host its first NFT exhibition and musical NFTs. It is a popular option if you’re new to the NFT market India. The platform recorded a total of approximately $38 billion in trading in a record year by 2021. It has also crashed before with the influx of user activity after the announcement of the government’s cryptocurrency bill decision.
Juniper Meta recently came up with the first fully curated innovative marketplace in India with a focus on creating singular experiences via films, music, and games. It was founded in 2021 for trading NFTs and several creative and cultural segments forged into its metaverse.
This platform offers fixed prices and a personalised experience. Rubix blockchain supports this technology at level 1 and has zero gas fees.
BuyUcoin was established in 2016 and is a leading crypto exchange in India. It serves nearly 350,000 users and handles over $300 million in digital asset transactions. Its goal is to bring crypto to a billion India. The platform allows users to purchase, sell, and trade 33 cryptos like Bitcoin, Stellar, and Ethereum, and more. It charges the users a market fee of 0.24%.
Rarible was established in 2020 and has been ranked the top NFT marketplace. This was because of their given RARI, their native ERC-20 governance token. The platform has two tokens, ERC721 and ERC1155. It is built on the Ethereum blockchain and has partnered with huge brands like Adobe and various popular artists. The tokens of this platform can even be used on platforms like OpenSea, which is one of the only decentralised organisations that allows users to make their own decisions.
Established in 2018, the OpenSea marketplace has the most extensive range of NFTs, including art, sports, collectibles, trading cards, and domain names, which are censorship-resistant. It is the prime choice for most people and handles more than 75% of all networks that happen on the Ethereum Network. The platform includes assets ERC721 and ERC115. Users can even explore popular NFT assets like CryptoKitties, Bored Ape Yacht Club, Crypto Punks, and Decentraland.
Binance is a popular platform because of its newly launched NFT marketplace that has low fees. Over 10000 creators have listed nearly 2.5 million NFTs since its launch was announced. This marketplace allows creators a more open space to be creative. It has partnered with news agencies, singers, artists, and artists. It has an easy interface navigation and features NFTs in collections, including gaming, art, sports, collectibles, entertainment, etc.
The world of NFT in India is evolving rapidly, offering exciting opportunities for creators, investors, and businesses alike. You can safely navigate this dynamic space by understanding the basics, staying informed about regulations, and following best practices.
Whether you’re looking to buy, sell, or create NFT in India, remember to prioritize transparency, security, and compliance. With the right approach, you can unlock the full potential of NFTs while contributing to India’s growing digital economy.
Want to explore helpful techniques to save and grow your hard-earned money? Dive into our guide on Save Money.
NFTs are not explicitly banned in India and are considered legal. However, they are subject to taxation and fall under various regulatory frameworks, including intellectual property and consumer protection laws.
To buy an NFT in India, you need to:
1. Set up a crypto wallet like MetaMask.
2. Purchase cryptocurrency (e.g., Ethereum) from exchanges like WazirX.
3. Use a reputable NFT marketplace such as OpenSea or WazirX NFT Marketplace to buy NFTs
Some of the most popular apps for buying NFT include OpenSea, Rarible, Crypto.com, and Binance. Every NFT platform in India will have slightly different features and fee structures. You should research them thoroughly before deciding on a platform.
The 1 NFT price in India varies depending on the specific token and marketplace. For example, some NFTs like APENFT are priced at ₹0.00003800.
Yes, selling NFTS can be very profitable in India. Many people have made huge profits from it, and it is a growing market. However, it is a speculative market, and one should conduct proper research before investing in it.
You can invest in your first NFT by visiting an NFT platform and connecting your cryptocurrency wallet to it. Once you have selected your preferred platform, you can browse through the various NFTs and bid on the one you like.
Yes, NFTs are allowed in India. They are classified as Virtual Digital Assets (VDAs) under the Income Tax Act, 1961. However, the legal framework for NFTs is still evolving.
Amitabh Bachchan’s NFT collection
By a big margin, Amitabh Bachchan’s NFT series continues to be the most expensive NFT ever sold in India. The NFT series titled “BeyondLife. club” fetched $966,000 or about ₹7.18 crore in the auction held in November 2021.
NFT stands for Non-Fungible Token. It is a unique digital asset, stored on a blockchain, that represents ownership of a digital or physical item. Unlike cryptocurrencies, NFTs are not interchangeable, and each has a unique value based on factors like scarcity and demand.
The legality of Treasure NFT in India falls under the same virtual digital asset regulations applicable to all NFTs. As of now, there is no specific ban on Treasure NFT, making it legal to buy or sell them. However, is Treasure NFT legal in India? Yes, but transactions involving it must comply with income tax rules and crypto trading laws, particularly under the VDA (Virtual Digital Asset) classification in the Income Tax Act.
Treasure NFT has both real and suspicious versions. To verify legitimacy, check if it’s listed on trusted marketplaces like OpenSea or WazirX, review the creator’s profile, community feedback, and official social channels. Avoid unofficial links or sellers, as many scams exist.
NFTs are highly volatile and speculative. Risks include price fluctuations, scams, copyright disputes, and loss of funds if you use unverified platforms.
Authored by, Sakshi Arora
Digital Content Writer
Sakshi is a Content Creator and Strategist who specializes in crafting well-researched content across diverse topics including economics, finance, health, and more. She brings a fresh perspective to every piece she writes, always aiming to offer real value to her readers. When she’s not writing, you’ll likely find her curled up with a book—she’s a proud bookworm—or sipping on endless cups of chai, her favorite obsession.
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Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
