user112125: A few questions regarding bitcoin money transfer:

Can anyone transfer bitcoins into my bank account or do I need to have some bitcoin account for that?
Is it legal to receive bitcoins? Especially in India?
Why should one take payments in bitcoins? Is it a good idea or better avoid it?


user-1: 
Can anyone transfer bitcoins into my bank account or do i need to have some bitcoin account for that

You need bitcoin wallet. List of few open source bitcoin wallets: https://bitcoinwallet.guide/

Is it legal to receive bitcoins ? especially in India ?

Yes

Why should one take payments in bitcoins ? Is it a good idea or better avoid it ?

Depend on the usecase. Most of the users prefer it because of censorship resistance. Example: WikiLeaks started accepting bitcoin when governments blocked other modes of payment: https://twitter.com/DefendAssange/status/919247873648283653
It's also a good idea to use bitcoin for payments in a bull market because you save more: https://twitter.com/BtcpayServer/status/1330149166971039750
https://link.medium.com/tREwFNwiybb

user63872: Bitcoin is a form of money, asking if you can "receive it to your bank account" is like asking if you can "receive gold to your bank account".
The answer is generally going to be "no, you have to first exchange the bitcoin for your local currency, and then you can deposit that money to your bank account".
Be aware: bitcoin is a borderless digital asset, so while transferring it across the world is generally quite quick and easy compared to legacy financial instruments, if your goal is to use it as an intermediary (eg USD -> BTC -> INR), then you'll likely encounter exchange fees (ie, the service fees of the exchange service you use) and other friction (KYC, etc). It is very possible to use BTC in this way, but it is a lot clunkier than just using BTC alone to settle payments.

112125: <p>A few questions regarding bitcoin money transfer:</p>
<ol>
<li>Can anyone transfer bitcoins into my bank account or do I need to have some bitcoin account for that?</li>
<li>Is it legal to receive bitcoins? Especially in India?</li>
<li>Why should one take payments in bitcoins? Is it a good idea or better avoid it?</li>
</ol>
 -1: <blockquote>
<p>Can anyone transfer bitcoins into my bank account or do i need to have some bitcoin account for that</p>
</blockquote>
<p>You need bitcoin wallet. List of few open source bitcoin wallets: <a href="https://bitcoinwallet.guide/" rel="nofollow noreferrer">https://bitcoinwallet.guide/</a></p>
<blockquote>
<p>Is it legal to receive bitcoins ? especially in India ?</p>
</blockquote>
<p>Yes</p>
<blockquote>
<p>Why should one take payments in bitcoins ? Is it a good idea or better avoid it ?</p>
</blockquote>
<p>Depend on the usecase. Most of the users prefer it because of censorship resistance. Example: WikiLeaks started accepting bitcoin when governments blocked other modes of payment: <a href="https://twitter.com/DefendAssange/status/919247873648283653" rel="nofollow noreferrer">https://twitter.com/DefendAssange/status/919247873648283653</a></p>
<p>It's also a good idea to use bitcoin for payments in a bull market because you save more: <a href="https://twitter.com/BtcpayServer/status/1330149166971039750" rel="nofollow noreferrer">https://twitter.com/BtcpayServer/status/1330149166971039750</a></p>
<p><a href="https://link.medium.com/tREwFNwiybb" rel="nofollow noreferrer">https://link.medium.com/tREwFNwiybb</a></p>
 63872: <p>Bitcoin is a form of money, asking if you can <em>&quot;receive it to your bank account&quot;</em> is like asking if you can <em>&quot;receive gold to your bank account&quot;</em>.</p>
<p>The answer is generally going to be <em>&quot;no, you have to first exchange the bitcoin for your local currency, and then you can deposit that money to your bank account&quot;</em>.</p>
<p>Be aware: bitcoin is a borderless digital asset, so while transferring it across the world is generally quite quick and easy compared to legacy financial instruments, if your goal is to use it as an intermediary (eg USD -&gt; BTC -&gt; INR), then you'll likely encounter exchange fees (ie, the service fees of the exchange service you use) and other friction (KYC, etc). It is very possible to use BTC in this way, but it is a lot clunkier than just using BTC alone to settle payments.</p>
