How to buy bitcoin in india online

The Indian government is reportedly considering a blanket ban on the private use of cryptocurrencies over there. The future of cryptocurrency in India is quite uncertain. Industry estimates suggest that there were five million cryptocurrency users in India in January this year spread across 10 exchanges. India is, however, doing the opposite of this. Well, only time can tell….

How to Buy and Sell Bitcoins in India

With the value of Bitcoin rising exponentially in recent times, many retail investors are getting into the cryptocurrency sector for the first time. While investing at these levels maybe fraught with dangerthe fact is, crypto-currencies are here to stay, and people around the world are only just starting to wake up to that fact. Here in India, much like the rest of the world, the lure of Bitcoins is getting harder to resist for the average citizen, and many have already started dipping their toes into the new but maddeningly confusing world of cryptocurrencies. Even the RBI was said to have been considering launching its own digital currency at some stage, although, the idea seems to have since been nixed. While some global exchanges do let you buy Bitcoins with Indian currency, the process is relatively more seamless on some of the India-based platforms, many of whom let you pay for your digital currencies with Indian bank accounts via online banking, NEFT or RTGS. Once how to buy bitcoin in india online provide all the details, it might take a few days for Unocoin to get your info verifiedafter which, you should be able to start trading in Bitcoins.

A hostile regulatory environment

However, there are only a handful of quality sites where you can buy Bitcoin. Update: Indian Bitcoin trading has cooled off following a banking ban on July , so now the only way to trade cryptocurrencies is through P2P mode. Note: When making a P2P transfer for cryptos, do not use any word like crypto, exchange name in the remark, that could identify the purpose of the transfer. I have listed these websites based on their popularity and ease of use. One thing that I have noticed with almost all of the Indian Bitcoin exchange websites is their pricing differs in real-time. Instead, purchase Bitcoin from different places.

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However, there are only a handful of quality sites where you can buy Bitcoin. Update: Indian Bitcoin trading has cooled off following a banking ban on Julyso now the only way to trade cryptocurrencies is through P2P mode. Note: When making a P2P transfer for cryptos, do not use any word like crypto, exchange name in the remark, that could identify the purpose of the transfer. I have listed these websites based on their popularity and ease of use.

One thing that I have noticed with almost all of the Indian Bitcoin exchange websites is their pricing differs in real-time. Instead, purchase Bitcoin from different places. Wazirx is another famous crypto exchange in India how to buy bitcoin in india online has joined the party only recently.

It is founded by an experienced team which is continually innovating with a mission to involve every Indian in the blockchain revolution. In the present situation, they have come up with a new way of peer to peer trading which enables Indians to withdraw and deposit INR while trading cryptocurrencies.

WazirX mobile app is feature rich and lets you trade indka from. Note: Wazirx escrows the funds, and provides appropriate dispute resolution wherever required. Well, this is where LocalBitcoins comes into the picture. Here you can find a seller who wishes to sell Bitcoin using different payment modes including cash. In the below screenshot you can see the various options available for an Indian to buy Bitcoin.

LocalBitcoins is also popular amongst those lndia are looking to buy Bitcoin using PayPal. From a security perspective, they have added a 2-factor authenticationand another level of authentication gets activated when you log in from a new device. If you wish to buy Bitcoin via cash, make sure you do the transaction in a public place. If you are looking to sell Bitcoins in India at a higher price, this is a great choice for you.

Join LocalBitcoins. Founded by IIT graduates, also crypto enthusiasts, Bitbns is an Indian crypto exchange which commenced operations in December The Bitbns team focusses on ease of use, security, and customer support right from the beginning. Do check our detailed BitBNS review. CoinDelta is another new entrant that offers a multi- cryptocurrency exchange.

Flux is a peer-to-peer exchange where you can start trading cryptocurrencies in just a few steps. You can choose to buy or sell from a list of orders. Well, these are the most popular Bitcoin websites and exchanges in India that you can use ho buy and sell Bitcoin. You can choose any of the websites listed above based on your preferences. I will keep updating the list as I discover quality websites to buy and sell Bitcoin.

Write back to us. An international speaker and author who loves blockchain and crypto world. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Can we purchase via credit or debit card on Unocoin or any other indian website who are selling Bitcoins.

If you shed light more on this and help us like shoutme loud helped. Please do check Koinex the new exchange recently started. Vaibhav Yah, heard of it and tried registering. Found it funny that they ask money for completing the KYC.

Anyhow, we will do a detailed review of Koinex in the coming days. What are your views on this site?? Should I go with this inia would you advice to keep my coins in a cold storage instead?

Thank you. Even you send them mails,no one will reply. Its is totally messed. You published old article which u missed several exchange names. Now there r more than 25 exchanges operating in India. Post all ibtcoin operating in India. We are not obliged to list all. We list in which we have confidence and we have used personally for the greater benefit and authenticity. The prices are good for arbitrage. Any crypto exchangers for foreigner members can sign-up in India with those prices?

I have come across another exchange based in India, they are offering major crypto currencies and their registration is simple. I have traded in onkine exchange and faced next to none problems. Thanks for indiq information about cryptocurrency and bitcoin platform. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email. Notify me of new posts by email. This site uses Jn to reduce spam. Learn how your comment data is processed. Bitcoin Last Updated : November 18, Sharing is caring Shares. Wazirx 1.

LocalBitcoins 1. Bitbns 1. CoinDelta Flux This one is closed now 1. Harsh Agrawal. Join us via email and social channels to get the latest updates straight to your inbox. Hwo Posts. Leave a Comment Cancel Reply Your email address will not be published. Signup to our Newsletter. Let Me in. Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Quick Links. Facebook Twitter Instagram Telegram. Share via. Facebook Messenger. Copy Link. Copy link. Copy Copied.

How To Buy Bitcoin With Paytm

Crypto exchanges are facing the music

Well, only time can tell…. Generally, in India, there tp not many places that use Bitcoin as a method of payment or even accept the digital currency as a form of payment. Contents 1 A few things to know before buying Bitcoins in India: 1. Unocoin is India’s leading Bitcoin platform. Now, click on place buy order. Sharing is caring Shares. Get a Free Bitcoin Wallet.