HOW TO BUY BITCOIN IN INDIA?
13 October 2020
Currently, most of the peoples typically go and search Google in the phrase of How to buy bitcoin in India? At the same time if you are interested to buy & sell Bitcoin in India then you should know the best bitcoin & cryptocurrency exchange market places. Because after the ban lifted on trading cryptocurrencies in India, a huge number of traders and investors interested to buy, sell & trade bitcoin in India, and also N numbers of crypto trading & exchange platforms arrived in India to attract many end-users attention.
So If you’re new to Bitcoin trading or want to know how to buy bitcoin in India then our complete guide will help you to explore more about this.
What's in this guide?
This complete guide contains key resources for tips to help you to buy Bitcoin in India & India's most secured and safest Bitcoin & Cryptocurrency exchange where you can trade easily!
Table of the content:
- What is Bitcoin?
- Benefits of Using Bitcoins
- How to Buy Bitcoin in India?
- How to choose a Bitcoin exchange?
- Where to buy Bitcoin in India?
- Sign-up Rewards
What is Bitcoin?
Bitcoin is the world’s biggest virtual currency by market cap. Developed in 2009 by Satoshi Nakamoto, Bitcoin is a form of decentralized digital asset built to provide a viable alternative to fiat currency.
Bitcoin is a protocol for shifting value over the internet. It connects a network of thousands of computers around the world identifying transactions in a distributed public ledger. Bitcoin is not controlled by any single entity, but alternatively, it is handled by a network of users. One of Bitcoin’s most powerful & exclusive qualities is the fact that the transactions on its blockchain ledger are confirmed by the network’s members and not by third parties or other central authorities.
Bitcoin holders can exchange their coins instantly to one another on a peer-to-peer network. All Bitcoin transactions are stored and tracked on a public distributed ledger such as the blockchain, and members working as miners verify transactions and update the blockchain.
Benefits of Using Bitcoins:
- Open Source
- Low Transaction Cost
- No Personal Data Revealed
- No security costs
- Digital and Decentralized
- Great tool for investment
- Impossible for duplication
- Ease of online shopping
- Peer-to-Peer transaction
- Profitable Saving, Accessible Credit
- Fast, Easy & Secure Payments And more
How to Buy Bitcoin in India?
Nowadays, Indians are interested in investing in Bitcoin and other cryptocurrencies which is a promising medium of future investment so buying bitcoin in India is the easiest, simplest process. The steps of buying Bitcoins have become simple as we have listed three simple steps of buying the Bitcoin online. The steps include:
Step 1: Open an account at a Bitcoin & Cryptocurrency Exchange
Step 2: Get a Crypto Wallet
Step 3: Withdraw Bitcoin & other Crypto coins to your Wallet Instantly
It is very easy to buy Bitcoin in India. through one of the many cryptocurrency exchanges. Our complete guide to buying Bitcoin in India advises that there are many Bitcoin & Cryptocurrency exchanges available in the country with differing fee structures, limits, and reputations. You can choose one of them based on your needs to buy Bitcoin.
Factors to Consider when choosing a Bitcoin & Cryptocurrency exchange in 2020:
- Geographical location and restrictions
- Transaction fees
- Security, anonymity, and support
- UI and ease of use
- Volume and liquidity
- Payment Methods
- Transaction limits
- Customer support
All the above-specified factors must be taken into attention in the process of choosing the best cryptocurrency exchange. Every platform cannot own all the factors at once, and there would be particular variations between one exchange and another. However, traders and investors can invest their money in exchanges that grab a bulk of the fundamental characteristics.
Where To Buy Bitcoin In India?
If you are looking forward to buy, sell & trade bitcoin in India then KOINBAZAR is the right crypto exchange marketplace that allows you to buy, sell & trade Bitcoin & other cryptocurrencies with high liquidity volume.
Koinbazar is India's largest and most secure Bitcoin & Cryptocurrency Exchange Platform. The platform is Ultra-secure, Professional, Convenient, Conformity and you will find it easy, fast, and secure to buy Bitcoin, Ethereum, USDT, and many other coins.
The koinbazar platform is designed for the usual trader in mind. With simple and easy to navigate interfaces, the platform is suited for both beginner and experienced traders.
Koinbazar showing the best crypto trading pairs with Bitcoin as a base coin which is like:
- Trade XRP/BTC Market - koinbazar.com/trade/XRP-BTC
- Trade ETH/BTC Market - koinbazar.com/trade/ETH-BTC
- Trade LTC/BTC Market - koinbazar.com/trade/LTC-BTC
- Trade TRX/BTC Market - koinbazar.com/trade/TRX-BTC
- Trade LINK/BTC Market - koinbazar.com/trade/LINK-BTC
- Trade IDLI/BTC Market - koinbazar.com/trade/IDLI-BTC
How to buy Bitcoin in India On Koinbazar?
The simple steps to buy Bitcoin are the following:
- Create an account, set up your profile, and complete KYC procedures.
- Connect your bank account or external wallet and deposit your fiat or crypto assets.
- Buy and sell your crypto assets and enjoy a butter smooth trading experience.
- Sign-up Rewards!
- Register with Koinbazar ---> Update Your profile Information ---> Complete KYC verifcation ---> Get free 50KBC tokens (built on ERC20 standards) instantly to your wallet!
Want to Buy Bitcoin in India?
Getting sign-up with Koinbazar is simple and only takes a span of minutes. Sign-up Now & Start Your Happy Trading!