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Do you know how to buy bitcoin in India? Because many people had pleased me that how they can buy bitcoin in Indian currency. So today I thought why not give you complete information about how to buy bitcoin in India.
Bitcoin has expanded itself a lot in a very short time. When it first came in the world market, it was the first cryptocurrency. Its value was not that much. And due to this being a decentralized currency, people’s faith in it was not that much in the beginning.
But with the passage of time people’s faith started increasing in it and more and more people started connecting with it, due to which its price started increasing significantly. Today its price is approximately around 13,88,159 INR.
From this you can imagine how its price has increased in a very short time. This is because its transaction fees are very less. In recent times, people are investing more in Bitcoin instead of Share market and are also earning good profits.
All of you might not know this but Bitcoin is legal in India. Now you can buy and sell bitcoin in India, that too in Indian rupees. So today I will try to give you complete information about how to buy bitcoin in India. Then what is the delay, let’s start.
What is bitcoin?
Bitcoin is a Virtual currency and Crptocurrency. Just like other currencies like Rupee, Dollar etc., Bitcoin is also a digital currency. It is completely different from the rest of the currencies because we can neither see Bitcoin nor touch it like money.
We can store bitcoin only in online wallet.
Bitcoin was invented by Satoshi Nakamoto in 2009 and since then its popularity is increasing. Bitcoin is a decentralized currency, which means that there is no bank or authority or government to control it, that is, no one owns it.
Anyone can use bitcoin just like we all use the internet and there is no owner of it, just like that bitcoin is also there.
How much is bitcoin worth?
If we talk about the price of Bitcoin, then in today’s date, the price of 1 Bitcoin is around 20,88,159 INR (Indian Currency). It is not at all that if you want to buy bitcoin, then you have to buy a whole bitcoin.
The thing to understand here is that the smallest unit of Bitcoin is Sathoshi and one Bitcoin = 10,00,00,000 is close to Sathoshi.
Just like 1 rupee = 100 paise in Indian currency, similarly 10 crore satoshis together make 1 bitcoin. Which also means that you can break 1 bitcoin up to 8 decimals. For example, you can buy or sell 0.0001 bitcoin.
Documents which are very important to fill
If you want to buy bitcoin, then for this you have to follow a prescribed procedure.
- You must have a Valid Id Proof. Such as Driving License, Voter Id, Aadhar Card, Pan Card or Passport.
- It is mandatory to have a bank account in your name, which you will have to link to the website before buying and only then the transaction will be successful.
- It is necessary to have your PAN Card.
- It is also necessary to have a Valid Email Id.
- While registering on the website, it is necessary to give all the information correctly and correctly, otherwise your account will not be verified.
How to Buy Bitcoin – How to Buy Bitcoin in India
Now you must have guessed a lot about Bitcoin, what it is and why its popularity is increasing day by day. You can buy bitcoin just like gold, that too in Indian currency. So let us know that from which websites are there in India from where we can easily buy Bitcoin, that too in our own currency.
For your convenience, I have listed them according to their popularity so that it will be easy for you to know about them. Here in these websites, you can easily see their current price, that too in real time.
1. Wazirx
2. Unocoin
3. Zebpay
4. Coinbox
5. BTCxIndia
6. LocalBitcoin
Now we will know about them in full details. So that you do not have any problem in understanding them.
1. Wazirx
Wazirx is currently the most preferred and widely used cryptocurrency exchange in India. In this, anyone can easily buy and sell crypto currency. At the same time, its UI is quite cool and easy to use. At the same time, you get to see many new features in this too.
Features:
1. Accessible Across Platforms – You can access WazirX trading platform in many different platforms. Then whether it is Web, Android smartphones, Apple iOS mobiles, Windows and Mac systems.
2. Range of Cryptocurrency – In this you can trade in around 100+ cryptocurrencies pair with USDT. USDT is actually a Tether USD currency which is backed 1:1 by US dollars.
3. Speed Transaction – Their platform is very stable and it has the ability to smoothly handle transactions running into crores.
how to buy
If you want to buy bitcoin or any other crypto currency, then you can buy it by visiting Wazirx’s website.
Note: – If you ask for Referral Code, then definitely use “x62d4j95”.
2. Unocoin
Unocoin is a very friendly website that anyone can use. With this you can easily buy and sell bitcoin. There are many features in Unocoin that make it different from others.
Features:
1. Zero % fees – Unocoin does not charge customers any fees for accepting bitcoin as a payment method
2. Simple Intergration – You can easily integrate your business with Unocoin.
3. 0% Volatility Risk – If there is some fluctuation in the price of Bitcoin, then you can keep Bitcoin or you can sell it immediately.
4. No Chargebacks – If you are using Unocoin then you do not have to pay any charge back.
5. OTC Trading (Over the counter)
6. Auto Sell Bitcoin
7. Netki – You can create your own Bitcoin address which can be read by anyone.
8. 2 step Authentication for more security
How to buy
If you want to buy bitcoin, then you can buy it by visiting Unocoin’s website.
Note: – If you ask for Referral Code, then definitely use “U124697” so that you can easily get Rs.200/- bitcoin.
3.ZebPay
Zebpay is a very user friendly website from which you can easily buy bitcoin. Zebpay has access to many vendors so that it provides more convenience.
Features:
1. You can also top up your mobile and DTH with the help of Bitcoin.
2. You can buy vouchers of Amazon, Flipkart and MakeMyTrip so that you can save up to 10%.
3. Fastest way by which you can buy bitcoin.
4. It is also very secure.
5. Lowest price in the market.
6.You can also buy from mobile App
how to buy
If you want to buy bitcoin, then you can buy it by visiting Zebpay’s Android Application.
Note: – If you ask for Referral Code, do use “REF77839482” so that you can easily get Rs.100/- bitcoin.
4. Coinbox
Coinbox.org is a cloud-based mobile and desktop cryptocurrency storage and exchange app that has always been focused on security, speed and convenience. As of now, it is available in more than 187 countries around the world and it also includes about 750000+ active users.
Coinbox.org allows you to securely buy, sell, exchange, use and store any cryptocurrencies and tokens without any restrictions and limits.
Features:
1. Low cost
2. Exchange Trading fees are also a lot of work in this.
3. Can trade multiple cryptocurrencies simultaneously.
4. You can earn passive income by keeping cryptocurrency on your wallet. Which is called key stalking.
Coinbox.org brings together over 5000 cryptocurrencies and tokens for anyone interested in using digital assets by integrating all tokens from the ETH, BNB, TRX and EOS blockchains.
In it you can earn a passive income by simply holding cryptocurrencies in your wallet, the so-called staking. Staking is currently available for ALGO cryptocurrency with 6.12% APY.
5. BTCxIndia
BTCxIndia is a very old website. It has a very easy interface which anyone can use. This is a website that provides the facility of trading in rupee and bitcoin in real time. With this you can also buy bitcoin.
Features:
1. Low cost
2. Free Transfers
3. Trading fees are also very less, about 1% including taxes.
4. Quick Withdrawals
5. You can also do transaction of very useful amount
6. Is Highly Secure
6. LocalBitcoin
If you want to buy Bitcoin through cash, then the best option for you would be to use LocalBitcoin. There are many options to buy bitcoin here so that you can buy bitcoin as per your wish.
Compared to other websites, the price of bitcoin may be slightly higher here, but if you want to buy bitcoin at any cost, then this is the right option for you.
One thing to note here is that any purchase that you want to make in cash or cash, do it in public places only so that your security will also be maintained. Here you can also sell Bitcoin for more than the market price, which is a profitable deal.
What did you learn today?
I have full hope that I have given you complete information about How to Buy Bitcoin in India and I hope you have understood about How to Buy Bitcoin in India.
I request all the readers that you should also share this information in your neighborhood, relatives and friends, so that there will be awareness among us and it will be beneficial for everyone. I need your cooperation so that I can convey more new information to you.
It has always been my endeavor that I always help my readers or readers from all sides, if you people have any kind of doubt, then you can feel free to ask me. I will definitely try to solve those doubts.
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