How to buy bitcoin with cash in india

Now you will need to find a bank branch of the bank you chose in your area. If making a trade in-person, it’s best to meet in a public place to reduce the risk of scamming or theft. Buy Bitcoin Worldwide does not offer legal advice. Your bitcoin should arrive a few minutes after your payment is made. Join us via email and social channels to get the latest updates straight to your inbox. Ease of Use. The exchanges mentioned above LocalBitcoins, Wall of Coins, and Bitquick all work in almost the same way.

Crypto exchanges are facing the music

Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we’ve gone from blank stares when talking about cryptocurrencies to interest and demand that’s hard to keep up. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. So if you’re in India and are looking to buy Bitcoin, you may want to use a local exchange. Buying Bitcoin isn’t for the faint of heart. Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment.

How To Purchase Bitcoins Using Cash:

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure. Don’t have a wallet? Unocoin is India’s leading Bitcoin platform. Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. Want to buy using Coinmama?

A hostile regulatory environment

Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we’ve gone from blank stares when talking about cryptocurrencies to interest and demand that’s hard to keep up. There are a number of different Bitcoin exchanges through which you can wwith the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. Bitcoln if you’re in India and are looking to buy Bitcoin, you may want to use a local exchange.

Buying Bitcoin isn’t for the faint of heart. Economists and others have been expressing inddia for long now about the feasibility of Bitcoin as an investment. There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traderscovering Bitcoin, Litecoin, Ethereum, Ripple, and.

There’s also the fact that the Indian government has said that Bitcoin can’t be used as a part of the payments. Speaking to the nation, Finance Minister Arun Jaitley reiterated that cryptocurrencies are not legal tenders, saying that their use «as part of the payment system» will be eliminated.

However, the minister didn’t explicitly mention anything about trading in cryptocurrencies like Bitcoin. Still, if you’ve done your research and want buy Bitcoins, there are a number of options in India. We started looking at such exchanges one year ago, and many of the exchanges we found at the time cwsh be good options still remain active and have good reports from users.

However, we have seen customer feedback on some of them turn sour, and there have been a few new entrants as well, which have received a positive response from most of their users. Here are the ones that sound like good picks in Februarybased on what consumers are saying, on public forums ranging from Reddit and Quora, discussions on social media such as Twitter and Facebook, and by listening to recommendations from people who are actively trading in Bitcoin in India.

Coinome Recommended by a number of traders, and with generally positive feedback online, this exchange is backed by the payments company Billdesk, and launched bitcoinn the indla of November.

It allows for instant eKYC using your Aadhaarand 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. Coinsecure I has been around for a while now, and generally has positive feedback online. It offers a wallet along with an acsh, and is generally well designed and easy to use. There are a lot of guides on the site so you can learn more about Bitcoin trading there, and allows for inn of just Rs.

It charges 0. Check out Coinsecure on the Web Android. Koinex Online, you’ll see a lot of people swearing by Koinex, and a fair number swearing at it as. 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 btcoin 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 imdia liquidity for day-trading, but its fees are a little high.

People who have been using Bitcoin for purchases say vuy the ease of use and the availability of coins makes it a good option for people buying Bitcoin in India. It allows OTPs for security, and offers yearly statements of trades on request, which could be used for tax purposes.

Remitano Another reliable player that has come up in India is Remitano, a peer to peer Bitcoin exchange that promises instant transfers and withdrawals as well, and offers an escrow facility. The idea behind this is to make the transfer of funds between caah safer, as the Bitcoins are locked until the seller ro payment. It also offers a wallet if you need one, although most people recommend saving your Bitcoin offline.

In a cqsh, Remitano being on the list also highlights how changeable all these companies’ reputations are. Around September, you’d find a lot of people complaining about Remitano online, but in the last two months, we’ve bhy a lot more positive comments, including an active Bitcoin trader whose opinions we trust.

These four choices are looking like the best options biy this point, but two of the exchanges we looked at last year, Unocoin and Zebpay are also worth considering. Both exchanges offer mobile apps so you can easily check and manage them at any time, but we’ve seen a large number of online bitcoon about speed, fees, and issues with delays in KYC.

In general, both seem to be reliable, and have Indian customer care numbers so you can reach them more easily, but they don’t seem to be the most favoured options amongst Bitcoin traders anymore. Another option, which we mentioned earlier, is BuyUCoin. The site was one we had looked at last year, but in the last few months wjth have been a lot of complaints from users online.

One of the founders has blogged about how to buy bitcoin with cash in india 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. Finally, given the prices at which Bitcoin is being traded, we wouldn’t recommend this for the most part, but if you’re looking for a cash option, try LocalBitcoins.

Some people have shared stories of being scammed, so it’s definitely not the best idea, but you can trade privately with no paper trail, which might be wifh selling point for some people. Cryptocurrency Prices across Indian exchanges. For the latest tech news and reviewsfollow Gadgets on TwitterFacebookand subscribe to our YouTube channel.

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How to buy Bitcoins in India: 1 who should buy or invest?

Just like any information you give up online, there is always the risk that it can be hacked or stolen from the website you give it to. Now you will need to find a bank branch of the bank you chose in your area. Any such advice should be sought indiaa of visiting Buy Bitcoin Worldwide. Chapter 5 Peer-to-Peer Exchange Explanation. Make sure you read every word. If you wish to buy 1 BTC or more, you need to find a trader who is offering. Bitit is slightly different than the other options on this page. Such a move dented the confidence of cryptocurrency exchanges in India, who began to fear that they might be pulled up on some pretext or the .