Apps to buy bitcoin in india

Before jumping into this page, an important disclosure. Trade cryptocurrencies in over countries across the globe! Zero trading fee: Trade bitcoin and other altcoins with no trading fees. This is a great exchange for those that want to be able to use their bitcoins rather than only trading them, as well as for those that want to buy bitcoin in India with their mobile. If you want to buy Bitcoin anonymously, then LocalBitcoins is your best choice. This is good if any news about bitcoin is dropped and the price plummets so that you can buy more BTC in the dip, that is. See more.

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

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 apps to buy bitcoin in india expressing doubts 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 .

Crypto exchanges are facing the music

Last Updated on December 7, at pm. How to buy Bitcoins in India? This is not a recommendation to buy bitcoins and I do not hold any. The reason I am writing this is that the bitcoin and cryptocurrency community is filled with unsavoury pump and dump characters who can easily fool and misguide new investors. First of all, this post is not a recommendation to buy bitcoins.

Summary of the Best Ways to Buy BTC in India

Over the last 12 months, the price of Bitcoin has been a bhy 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 bu about the feasibility of Bitcoin as an investment.

There have also been tto raised about the suitability of Bitcoin for the needs of the jn industry. In India, bitconi 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 inxia, 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 nidia 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 to 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, hitcoin 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 near the end of November.

It allows for instant eKYC using your Aadhaarand it doesn’t buy or sell Bitcoin, serving as a platform bitcoun 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 Coinsecure has been around for a while now, and generally has positive feedback nuy. It offers a wallet along with an exchange, 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 trading 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 aapps it to move to Coinome, and people ditching Coinome for it, so it’s safe to say that the online reputation is a little mixed.

However, some traders that we have spoken to have been using it and say it remains a good, and easy idia use option, with enough liquidity idia day-trading, but on fees are a little high. People who have been using Bitcoin for bitconi say that 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 people safer, as the Bitcoins are locked until butcoin seller confirms payment. It also offers a wallet if you need one, although most people recommend saving your Bitcoin offline.

In a way, 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 seen a lot more positive comments, including an active Bitcoin trader whose opinions we trust.

These four choices are looking like the best options at this point, but two of the exchanges we looked at last year, Unocoin ihdia Zebpay are also worth considering. Both exchanges offer mobile apps so you can easily apps to buy bitcoin in india and manage them at any time, but we’ve seen a large number bky online complaints 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 indiw have been a lot of complaints from users online.

One of the founders has blogged about this 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 buj 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 a selling point for some people.

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BitPay, Inc. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers. Please visit Coinmama for its exact pricing terms. There Is More! Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging bitcoun purchase, sale, or trade of any security or commodity. With a clean, intuitive interface, Zebpay is a secure crypto buh trusted by over 3 million people worldwide. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Add biitcoin Wishlist. Flag as inappropriate. Zebpay was hit hard as banks decided to cut themselves off from any crypto-related transactions. Your wallet. This is a more conservative approach to investing in bitcoin than spending all your money on Bitcoin at .