How to Buy Bitcoins in India: The recent Bitcoin rally has brought about a stir in the market. Due to its good returns, retail investors are investing in this new asset class now more than ever. About a couple of years ago, buying/selling Bitcoin may have sounded like a tedious job, fit only for techies. Today the scenario has completely changed. Many emerging startups such as CoinSwitch Kuber in the crypto space and venture capitalists are looking to fund such startups, trying to make Bitcoin investing effortless more than ever.
A couple of years back, buying Bitcoins in India was a little difficult. But today the scenario has changed drastically and buying Bitcoins has become quite easy.
In India, you can buy bitcoins from some trusted Bitcoin apps. There are quite a lot of such apps. To name a few there is Zebpay, UnoCoin, CoinSecure, and Coinbase etc. Choosing the best platform to buy them from is another task.
High returns & top-performing asset
Cryptocurrencies are one of the fastest-growing asset classes, and Bitcoin holds around 69% of its market share. The price of Bitcoin is highly volatile, i.e., the cost may swing far up and down from the average price of the currency on an hourly basis. But such volatility in the market serves as an advantage to risk-friendly investors and traders looking to make quick and high returns from their investment.
Coinbase is a large cryptocurrency wallet provider and exchange based in San Francisco. It boasts over 43 million users in over 100 countries, making it a popular choice for cryptocurrency enthusiasts, investors, and traders. Coinbase claims it holds over $90 billion in assets and has facilitated more than $455 billion in trades. You can trade dozens of currencies, including Bitcoin at Coinbase.
Coinbase charges several fees, which it discloses upfront when entering a transaction. Those include a flat per-transaction fee and a spread of about 0.50%. Fees vary based on the funding method going up to 3.99% when you use a debit card to buy. Serious users may want to upgrade to Coinbase Pro, which uses its own pricing model.
Coinbase offers strong security through Coinbase Vaults, two-factor authentication, and its use of offline storage for the vast majority of client assets.
WazirX is India’s most trusted Bitcoin exchange. It offers you a trading experience across all platforms viz on Web, Android, iOS, etc. WazirX has a simple and efficient design that caters to both first-time investors and professional traders.
WazirX has created a token for itself called WRX, and There will be a maximum of 1 Billion WRX coins ever produced.
Individuals can buy Bitcoin and other cryptocurrencies by depositing INR via UPI or IMPS. Funds can be deposited and withdrawn instantly and 24 hours a day, seven days a week. In India, the lowest withdrawal fee starts at zero. The highest referral commission in India is 50% with no upper cap. TradingView, advanced chart trading, and Stop-Limit orders are only a few of the advanced features available. WazirX uses two-factor authentication, such as Google authenticator or mobile OTP-based authentication, for security.
- Highly secured
- Accessible across platforms
- Instant transactions
ZebPay has served over 3 million members since 2014. The interface of the exchange is clean, intuitive and simple with advanced trading features. You can trade across five crypto-crypto pairs with zero deposit fees. It has multi-layered security protocols to protect the privacy and data of the user.
- Competitive rates
- Robust API
- Trade across devices
- Enhanced security controls
Unocoin is one of the most trusted places to trade Bitcoin, Ether and Tether. The platform helps the user to buy, sell, and exchange digital assets. Unocoin offers unique OTC (Over The Counter) services that enable bulk trade and SIP (Systematic Investment Plan) feature that allows users to set aside a specific amount which will be automatically deducted from their linked bank account each month for the purchase of digital asset at the prevailing market rate.
Unocoin is India’s first entrant in the Bitcoin space.
- OTC and SIP features
- Trusted exchange
- Accepts INR for purchases
Unocoin Bitcoin Wallet Despite India’s stringent regulations on digital assets, the Unocoin wallet flourishes there. The business has 45 top investors and supports over 1.5 million customers. Unocoin wallet is safe and easy to use. Both Android and iOS users can use the wallet app. Unocoin is a digital asset exchange and wallet located in India. The company was founded in 2013 by Sunny Ray, Sathvik Vishwanath, Harish BV, and Abhinand Kaseti. Unocoin was established in Tumkur, Karnataka, and is now headquartered in Bengaluru, India. Individuals can earn free Bitcoin by referring Unocoin to their friends. There is an option to use the Unocoin SBP (Systematic Buy Plan) module to automate bitcoin purchases with a defined amount and frequency to hedge against market volatility.
What are the other counterparts for Bitcoin?
Today one can find quite a huge basket of cryptocurrencies similar to Bitcoin. To name a few
- Quark coin
To sum up, investing in Bitcoins has an edge. Be ready to take risks, analyze, read more and then take a decision to invest in them or not. I would say, always start with a small amount of play money to test it, even before you make huge investments.
Currently, we don’t support Bitcoin buy-sell. But if you are interested in long-term investments, then explore Mutual Funds. They are much safer, easy, and simple to invest in.