Where Can I Buy Bitcoin In India? One of the simplest ways to get Bitcoin in India is through cryptocurrency exchanges. Let's explore.
Where Can I Buy Bitcoin In India?
WazirX
A new Bitcoin and cryptocurrency exchange has opened in India called WazirX. One of the biggest cryptocurrency exchanges in the world, Binance, runs it.
PROS
-Excellent trading interface that is simple to utilize
- supported by Binance
-minimal 0.2% fees
CONS
- Orderbook is a little challenging for new users to use.
Coinmama
Customers can purchase bitcoin on Coinmama practically everywhere in the world. They charge a 4.9%–5.9% fee on each purchase (depending on volume).
PROS
- Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
- operates in nearly all countries.
- highest credit card purchase limitations for bitcoin
- trustworthy and reliable broker
CONS
- among bitcoin brokers accepting credit/debit cards, some of the highest costs
Paybis
A well-known cryptocurrency exchange is Paybis. They are a more reputable, regulated exchange because they are registered with FinCEN and offer services to 180 countries as well as 48 US states. Paybis offers extraordinarily large limits, lightning-fast verifications, ID only five minutes, and Trustpilot reviews ratings that are almost perfect.
PROS
- 24/7 live support
- Highest possible limitations
- 5 Minute confirmation
- Quick payouts Wide range of payment options
CONS
- For experienced traders, there is no standard orderbook.
Unocoin
Unocoin is India's leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS.
PROS
Regulated company in India
Backed by investors in the United States
Low 1% fee, reduced to 0.7% with sufficient trading volume
CONS
Offers a Bitcoin wallet that should not be used to store bitcoins
Requires ID verification, so not private
Airtm
Airtm offers a peer community. You can buy and sell dollars or crypto in exchange for other forms of value. The platform provides trust and transparency by authenticating users and establishing a higher degree of identity validation to the peers who facilitate the transactions. Airtm provides an escrow system, so that value exchanges are fair and are completed as agreed.
PROS
- Many payment methods are available
- Low fees for South American countries
CONS
- Not private since identity verification is required
The Bottom Line: Where Can I Buy Bitcoin In India: 5 Best Places
One of the simplest ways to get Bitcoin in India is through one of the above-mentioned cryptocurrency exchanges. You can use our guide to choose from among the several exchanges in India that offer Bitcoin based on your needs and preferences. Before choosing an exchange, It is important to take into account its transaction fees, withdrawal limitations, payment options, and verification procedures.
Additionally, buyers of Bitcoin should be aware that some exchanges could demand that you get your own wallet before you can purchase the digital money. It is advised to have your own wallet for security reasons even if it is not required (preferably a hardware wallet) .
Another way to buy Bitcoins in India is through automated teller machines (ATMs). As long as you aren't buying a lot of Bitcoin, these ATMs enable consumers to instantly acquire the cryptocurrency using cash and only need a phone number for verification.
