5 Legit Ways to Buy Bitcoins in India
The demand to buy bitcoin in India has grown considerably over recent years. This could be the repercussions of the upliftment of the ban on cryptocurrency trading in India. However, for beginners, the process to buy bitcoin in India still appears to be daunting.
Well, it’s time to shed off your worries! Because we have compiled a handy list of best Bitcoin Exchanges in India that will help you easily buy or convert INR to BTC and vice versa.
Top 5 Legit Ways to Buy Bitcoin In India
- Unocoin
Unocoin enables traders to buy bitcoin with any Indian bank account through RTGS or NEFT. It touted as one of the most beginner-friendly exchanges to offer to buy and sell of Bitcoin in India. While it is fascinating to learn that Unocoin is a regulated Exchange in India. You can buy or sell bitcoin on Unocoin at a minimal fee of 0.7%. With a lot of features, Unocoin is one of the easiest Bitcoin Exchanges to use, since it is regulated it requires ID verification.
- Coinsecure
Another legit source to buy Bitcoin in India is Coinsecure. It is an Indian Exchange cum a trading platform. To start using Coinsecure you need to first go through the KYC verification process which is mandatory for all exchanges in India. For deposits and withdrawals, the Exchange levies no charges. The only thing they charge you for is trade expenses which stand at 0.4 % of a buy or sell value.
Apart from the aforementioned Indian Bitcoin Exchanges, you also have access to International Exchanges in India. These include:
- Coinmama
Coinmama is an Israel based Exchange but has its availability across many nations including India. For bitcoin purchases in India, Coinmama is one of the most trusted platforms. It offers the highest limit for buying bitcoin using a credit card. Moreover, it offers you the convenience of payment by providing access to multiple payment modes. Although it charges relatively higher, its fee per transaction is 5.5%.
- CEX.IO
CEX.IO is London based cryptocurrency exchange. It is the leading option for buying or selling Bitcoin for traders around the world. Being the oldest Exchange in the world, CEX.IO has gained popularity on a wide scale. Furthermore, it is an FINCEN registered exchange and thereby implements the standard KYC process and anti-money laundering policies. Regarding its features, CEX.IO offers a pretty advanced platform. It assimilates all features such as advanced reporting, limit order, and real-time market analysis.
- Paxful
Paxful is a peer-to-peer online marketplace which ensures buyers and sellers to get connected online and trade Bitcoin directly with each other. One of the most distinguished features that set Paxful apart from other Exchanges is it supports a number of payment modes and buying options. Moreover, sellers on Paxful also accept payment through popular Indian payment platforms such as Bheem, PayTM, and Phonepe.
Now that you have reviewed the best platforms to buy Bitcoin in India, it’s time to figure out which one fits aptly for you.
