Welcome to this article on How to Buy Bitcoin in India. This Cryptocurrency called Bitcoin suddenly got trending in India. Everyone is crazy about bitcoin. But most of the people fear to buy this bitcoin and are unable to gain the benefit of investing in bitcoin. Also, the price of bitcoin has currently fallen so there is the high chance of gaining profit through bitcoin. Bitcoin is a very good option for investing your money in a proper place.
Also Read: How to Create a Website Easily
What is Bitcoin?
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
- Fast peer-to-peer transactions
- Worldwide payments
- Low processing fees
How to Buy Bitcoin in India
You might be thinking,
How can I buy Bitcoin in india?, Will it be risk free?, How will the transaction take place? and many more questions. You will get Answers to all questions if you keep on reading this article till the end.
So Lets Start…..
Below Are the Methods by which you can buy and store or sell Bitcoin worldwide.
Method 1 | Buying Through ZebPay
ZebPay is an online cryptocurrency wallet which lets you trade bitcoin. It is the most suitable wallet for Indians and can easily do trade in INR. You just need to create an account with them, verify your identity then you can start buying and selling through their android or ios app.
Steps to Buy Bitcoin through ZebPay.
- Go to www.zebpay.com, Scroll below and find a Form to enter your Mobile Number.
- Enter Your Mobile Number over there. Then wait for their SMS, You will receive the SMS in few minutes. It Would contain the download link to the application.
- Install The app on your mobile phone. You will get an interface as shown below.
- Next, You will have to verify your account by filling your Adhar, Pan and other details and wait till it gets verified.
- Now you can buy bitcoin by clicking on the buy button. After clicking the buy button you will get a form with a field to enter your amount in INR.
- Click Place Buy Order and your order will be processed Soon.
- You can also send bitcoin to your friends by acquiring their wallet address
Method 2 | Buying Through BuyUcoin
buyucoin.com was founded as India’s first Bitcoin Exchange with Credit Card Payment facility. It provides users with facility to buy/sell bitcoins and other cryptocurrencies through their website. They have their own web portal for the transactions unlike others who only facilitate transactions through Mobile Apps.
Steps to Buy Bitcoin through BuyUcoin.
- First, go to BuyUcoin. Register on their site for an account by clicking here.
- After registering you will get a confirmation email. after Confirming email you will be logged in to their website.
- Now After registering, you will have to add a phone number to set up 2-factor Authentication.
- After adding the phone, You will have to upload your KYC and wait till your account gets verified. That you can start buying and selling bitcoin.
- They have around 30 cryptocurrencies with them as an option.
- For buying click on buy. After that enter amount in INR, you want to buy bitcoin.
- You order will be processed Soon…
Method 3 | Buying Through PaxFul
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