Key Takeaway – how to buy and sell Bitcoin in India
- Buying Bitcoin can be simple to do online
- It’s also feasible to buy Bitcoin using cash
- After you get your Bitcoin, it’s best to store them offline
Bitcoin may be the currency of alternative in the digital underground, but there are plenty of lawful reasons to considering Bitcoin as well. It’s a good investment for one, as the value of Bitcoin has gone up significantly over the years. Bitcoins are also used for online trading, remittances, and it has other uses too, like simply shopping for stuff.
Online, I found the most recommendations for Zebpay Gujarat based startup and Indian-owned operation. Bitcoin in India has been rising since November 2016, as a hedge against measures like demonetization. Zebpay has Android and iPhone apps, and lets you link your bank account for fast transfers.
Again, you have to to carry out a KYC process, which means that this isn’t a completely anonymous account. However, it’s a regulated company in India, and it claims to offer multiple security features to keep your coins safe.
It’s very simple to use, and fast, with low fees. You can buy and sell Bitcoins, remit the money to your bank account, and track historical data on Bitcoin pricing.
The Company makes it easy to buy or sell Bitcoin online, and also functions as a wallet so you can use Bitcoin at other places via the site. Unocoin also has apps available for iOS and Android.
Setting up is easy, and you can buy and sell Bitcoin in India with the money going to your bank account using NEFT. Unocoin also lets you use your Bitcoin in a number of places, such as topping up your BookMyShow wallet, if you want.
Unocoin has a low 1 percent fee, but one thing that might put some people off is that it requires ID verification, so it’s not a private transaction.
I found this exchange being recommended by users on Reddit, and it has an Indian phone number provided for support. BuyUCoin allows you to buy and sell Bitcoin in India online using your credit card, debit card, and netbanking.
Once you do that, you can start purchasing Bitcoin, which can be stored in popular online wallets, or in an offline wallet. You can see the price of Bitcoin at the top of the page, and then buy the coins just like you would purchase anything online.
Coinsecure is also a regulated coin exchange based out of India providing services to buy and sell Bitcoin in India , which again includes KYC. This means that for people who want confidential transactions, Coinsecure isn’t the best option, but otherwise it is an attractive good option that is easy to use with low fees.
The site shows charts giving data on the exchanges taking place so you can see how other people are trading, and at what rate. It’s a little reassuring to see other people trading in Bitcoin, and the volumes being traded as well.
if you’re looking for a more confidential transaction, LocalBitcoins is a well known alternative to buy and sell Bitcoin in India . The transactions can be quick and easy, and you can carry out in-person trades that can happen completely anonymously. These purchases can be carried out with cash, to avoid a paper trail.
Beyond this, on Reddit some people also shared experiences with scammers on the site. If you are careful and vigilant though, then a lot of people do recommend this because of the fast and private nature of transactions.
Koinex is India’s most advanced digital assets exchange helping in buy and sell of Bitcoin in India. It’s the first complete exchange supporting multiple cryptocurrencies/ tokens on a single platform. Built entirely from scratch, Koinex is aimed at bringing the magic of blockchain technology to India. Bitcoin – the world’s first cryptocurrency – was introduced in 2009 and since then over 1000 tradable tokens have come into existence. However, for a long time India missed out on the tremendous opportunity that the rest of the world had been enjoying. And Koinex has been built to to bridge that gap.
Koinex has been built over cutting edge technology. Proprietary trading engine, wallet and platform architectures, grade A security, user-centric UI/UX, and tons of user-demanded features are some of the things which define Koinex. It’s being carved to perfection, one day at a time, all with your constant love and support.
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