Best exchange to buy bitcoins in india

You can invest in Bitcoin at Coinbase.

If you are looking to invest sizeable sums of money in Bitcoin, you may get frustrated at the punitive restrictions placed on Coinbase users. According to the review of Unocoin, this exchange is backed financially by leading investors in the USA which underlines its clear potential to Indian cryptocurrency traders. Sign up to Unocoin now if you want to focus exclusively on buying and selling Bitcoin, with immediate execution on orders and no price slippage up to 10 BTC.

Zebpay is another India based Bitcoin exchange that offers the ability to buy and sell Bitcoin using a connected Indian bank account. Our comprehensive review of Zebpay discusses its iOS and Android-powered mobile apps that make it easy to complete transactions on the move. The exchange is not only a trading service, it also acts as a wallet service to store Bitcoin. Although Zebpay is one of the few exchanges in India to offer Bitcoin exclusively, it will soon be supporting some of the up-and-coming altcoins too.

Sign up to Zebpay now to prepare for the next wave of cryptocurrencies on the exchange.

In an official statement in April , the RBI confirmed cryptocurrency exchanges regulated by it should no longer provide services to businesses or individuals dealing with cryptocurrencies immediately. The RBI will be developing its own Central Bank of Digital Currency, whose primary goal will be to oversee and regulate cryptocurrencies.

The RBI confirmed it will be introducing its own cryptocurrency in the coming months, along with an in-depth report into its desirability and feasibility.

11 Best Exchanges To Buy Bitcoin in India (Updated )

You can connect with prospective buyers and sellers of Bitcoin at peer-to-peer marketplaces such as Paxful which accept cash, credit cards and over additional payment methods. Prepaid cards India-based individuals keen to buy Bitcoin offline can purchase prepaid cards with cash at grocery and convenience stores. It is possible to enter your bank and pay with fiat currency over the counter to pass on to a Bitcoin seller.

Western Union Western Union and MoneyGram branches also allow for individuals to pay in cash for transfer to specified recipients looking to sell Bitcoin.

Top Bitcoin & Cryptocurrency Exchanges in India

There is no doubt that Indian-regulated exchanges such as Zebpay and Unocoin are an excellent starting point. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more. Unocoin is India's leading Bitcoin platform. 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. You can use our Bitcoin ATM map to buy bitcoins with cash.

Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. The Indian economy is the 5th largest in the world. GDP is largely derived from pharmaceutical, IT services, tourism, textiles, telecommunication, and automobiles. India ranks second in the world in coal processing and cement and steel production.

In , the Supreme Court of India demanded the Indian government to set a regulatory framework regarding cryptocurrencies. Until that is complete, Bitcoin is not recognized as a form of payment by any state authority.

12 Best Cryptocurrency Exchange In India 2021

That said, those deriving income from Bitcoin can expect to pay taxes on it since the Indian laws regulates the taxation of any type of income. If you want to acquire Bitcoin in India, one of the easiest ways is to buy through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in India, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features. It is beleived that the hack was the work of insiders, among them the Chief Security Officer.

The hack took place a few days after the Central Bank of India banned banks from dealing with cryptocurrency exchanges, so there was a clear motive to drain the funds instead of return them to customers and shut the doors. Any exchange with a Indian rupee trading pair will allow you to sell your Bitcoin for fiat currency. WazirX has INR trading pairs for many popular coins. These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers.

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LocalBitcoins is a peer-to-peer P2P exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

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Jordan Tuwiner is the founder of BuyBitcoinWorldwide. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country. He has also written extensively about the history, technology, and business of the crypto world.

Best exchange to buy bitcoins in india
Best exchange to buy bitcoins in india
Best exchange to buy bitcoins in india
Best exchange to buy bitcoins in india
Best exchange to buy bitcoins in india
Best exchange to buy bitcoins in india