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Best Way To Buy Bitcoin In India With INR

There are different ways to get Bitcoin in INDIA .But the best way is to purchase Bitcoin from the very reputed exchanges.There are numbers of exchanges in INDIA to purchase and sell Bitcoins but among them We would recommend to use Following wallets because they provide very high security to your Bitcoins along with the pin to your Bitcoin.

Before buying in, you’ll need to get a wallet. There are five different types of wallet:

  • Online – Online wallets hold your Bitcoin codes on a server and are accessible via your phone or computer.
  • Mobile – Mobile wallets are essentially an app that stores your BTC for you. These usually work in tandem with online wallets.
  • Desktop – A desktop wallet is a reserved space on your hard drive that stores Bitcoin.
  • Paper – Paper wallets are a sheet of paper with a scannable QR code that provides you access to your stored BTC.
  • Hardware – A hardware wallet is the safest method of storing your BTC. These wallets look like a USB-stick and plug into your device so you can access your coins.

Prerequisites for trading in Bitcoin wallets in India

As of now, you cannot buy Bitcoins through cash or credit/debit cards. You have to do NEFT / RTGS online transfers or use Payment Gateways such as PayU money to load money in your Bitcoin wallet.
Also, Indian companies ask you to furnish KYC  documents before you start trading. Following documents are required to get started with Bitcoin wallets in India.
  1. Pan Card copy
  2. Address proof copy
  3. Bank details
  4. Phone number

We recommend you only ever store a small amount of Cryptocurrency on exchanges as there have been numerous times in the past that they have been hacked. If you wish to trade, keep an amount of your stack on there, otherwise withdraw to a wallet for holding. We go into more detail here about the different types of wallets for storing Bitcoin.

Now let’s get to the exchanges, all the companies listed here will enable someone living in India to purchase Bitcoin and other Cryptocurrencies safely and securely using a variety of different payment methods.

1. Zebpay { Available For Android & iOS }

Zebpay is Ahmedabad based cryptocurrency exchange, founded in 2011. It was India’s first Bitcoin exchange.Their goal is to simplify cryptocurrency trading so that Indians can be proud owners and users of Bitcoins.

zebpay

Using Zebpay wallet app, users can buy, sell, store and spend bitcoin using mobile number and a 4-digit pin.Zebpay is a Bitcoin platform and broker based in India. It has Android and iPhone apps that make it easy to buy bitcoins with a connected Indian bank account.

Visit Zebpay

2.Unocoin { Available For Android/Web & iOS }

Unocoin is the most substantial Bitcoin purchasing platform in India. Absolutely anyone can buy Bitcoin here with their Indian bank account via the internet. It is a regulated company, and United States investors even back it. The user interface is incredibly simple and great for beginners to pick up on the ins and outs of trading. Transaction fees are low, and it even offers a wallet for you to store your coins.

Unocoin

One of Unocoin’s unique features is its Systematic Investment Planning (SIP) service, which allows users to set up a recurring deduction of a set amount (minimum INR50) from a linked bank account to automatically purchase bitcoins at the prevailing market rate. Users can choose between daily, weekly or monthly payments.

Visit Unocoin

3.Coinome { Available Only On Web }

Recommended by a number of traders, and with generally positive feedback online, this exchange is backed by the payments company Billdesk, and launched near the end of November. It allows for instant eKYC using your Aadhaar, and it doesn’t buy or sell Bitcoin, serving as a platform to connect users instead. The Billdesk backing lends more authenticity to the company, and it’s also got a reputation online for fast transfers. Another reason to like Coinome is that it offers instant withdrawals on all weekdays – very reassuring if you’re worried about values dropping suddenly.

Coinome

Coinome are an Indian Crypto Currency Trading Exchange, built to offer feature rich user experience with no compromise on security. As a 24×7 exchange, Coinome strive to offer their services without any downtime or delays. Coinome allow their users to trade round the clock without any limits on Business Hours or Holidays.

Visit Coinome

4.Koinex{ Available On Android/ Web }

Online, you’ll see a lot of people swearing by Koinex, and a fair number swearing at it as well. Usually, you’ll hear about people ditching it to move to Coinome, and people ditching Coinome for it, so it’s safe to say that the online reputation is a little mixed. However, some traders that we have spoken to have been using it and say it remains a good, and easy to use option, with enough liquidity for day-trading, but its fees are a little high.People who have been using Bitcoin for purchases say that the ease of use and the availability of coins makes it a good option for people buying Bitcoin in India.

Koinex

As with the others, you need KYC to use it, and your PAN card is mandatory here. It allows OTPs for security, and offers yearly statements of trades on request, which could be used for tax purposes.

Visit Koinex

5.Remitano { Available On Android/ Web & iOS }

Remitano is a product of Babylon Solutions Limited – incorporated in Seychelles. It provides escrowed P2P Bitcoin marketplace where people buy and sell Bitcoin easily and safely with notable simple UI, friendly online customer support 24/7 and lowest fee compared with major players on the market. Our team is comprised mostly by banking professionals with extensive experience in financial products, E-currencies, Payment System and Agile Software Development, and others.

Remitano

Currently, it has service in many countries including India,United States, Australia, Malaysia, Nigeria, Vietnam, Cambodia, China and is growing everyday.

Visit Remitano

6.Coinmama { Available Only On Web }

Coinmama is a reasonably friendly exchange. Almost anyone in any country can buy from here with either a debit or credit card and anyone buying less than $150 worth of coin doesn’t have to verify themselves. You can quickly make multiple purchases under this if you need a ton of coin but don’t want to give up your identity.

Coinmama

This exchange is incredibly trustworthy and has always been reliable, but it offers some very high fees for purchasing with a card – 5%! If you are looking to get into smaller trading and have the extra funds to throw at transactions, Coinmama is a good exchange for you to use.

Visit Coinmama

7. LocalBitcoins { Available Only On Web }

LocalBitcoins is a bit different than the other exchanges on this list. This is an escrow service that helps bring together buyers and sellers of Bitcoins. Here you can browse different sellers prices to buy or even list your own in the marketplace.

Local Bitcoin

LocalBitcoins.com can support every payment method its user community supports. For every transaction, LocalBitcoins.com offers escrow or transaction service to protect the buyer of bitcoins.

Visit LocalBitcoin

Another option, which we mentioned earlier, is BuyUCoin. The site was one we had looked at last year, but in the last few months there have been a lot of complaints from users online. One of the founders has blogged about this and explained why a backlog came up, causing some issues, which is why we haven’t included it in our main list either, but it sounds like they’re aiming to get back on track, so it could be worth checking to see what rates it is offering.

This article is writing on 04 Jun 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282.
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