Bitcoin exchange in india

Bitcoin Price in India

Bitcoin a.k.a the digital gold in the trading fraternity is witnessing huge success every year. It would be no wonder if this proves to be “the year of Bitcoin” for the amount of belief buyers have for the cryptocurrency and the long-term profit it brings back home. The current BITCOIN price in India is showing at ₹29,40,000. Bitcoin to INR is the value of Indian currency per Bitcoin. As of today it stands at ₹29,40,000. With certain strata of the trading population benefiting from the smart trading trend, there is even a larger fragment of society which has a very basic knowledge about the virtual currency, if at all. The unconventionally new and independent mode of exchange needs awareness indeed.

Bitcoin made its existence in 2009, gained popularity in 2017 and has been a household name since then. The layman seems to have a vague idea about it but there’s the curiosity to learn more.

Many financial institutions are embracing Crypto as payment or as a real-time investment option. Successful platforms like PayPal has added Bitcoin and Amazon launching its coin, soon would be used for shopping and to restore value. Mass popularity and trust in Cryptocurrency with fiat currency INR exchange is everyone’s guess which is the BTC to INR equation.

Bitcoin has gained a ground-breaking recognition and is labelled as a digital asset for a trading platform with an estimate of 2 million users worldwide. A rapid manoeuvre of retail and big-shot investors can be seen to this unregulated new-age boon despite the experts warning about the abrupt price fluctuations. At present, Bitcoin price INR shines at в‚№29,40,000. Over a million new investors have flocked to the Bitcoin market in India in the last six months.

Bitcoin Price in India

The Indian trading platform Bitbns is recently evolving since its inception. Seeing the craze and popularity of cryptocurrency in India and not having the best option for Indian users to buy, sell and trade cryptocurrency, we started Bitbns to provide a smooth, more comfortable and faster way to buy, sell and trade digital currency for Indian users. We are the only exchange in India which allows a user to trade multiple cryptocurrencies on the go.

The April 2018 ban imposed by Reserve Bank of India not permitting banks to facilitate banking transactions for cryptocurrency exchanges and other services was lifted on March 4, 2020, by the Supreme Court which led people to explore the opportunities to invest in Bitcoin once again. With the constant dip and rise in Bitcoin price INR and USD, many foresee it is a great chance to get them better profit returns. Those who plan to invest need to stay updated with the Bitcoin price INR status on an everyday basis. For example, today’s Bitcoin price INR is showing as в‚№29,40,000. 1 BTC to INR means the value of the Indian rupee for 1 Bitcoin value worldwide.

India is the world’s largest remittance market, according to the World Bank. The rapid appreciation of the prices of digital currency has sparked national interest and the craze for cryptocurrencies has grown extensively in India. Following the soaring bitcoin in 2017, cryptocurrencies are attracting increasing interest in India.

All it takes is to follow the Signup procedure below and start trading with a few clicks!

Buy Bitcoin in India

Just like signing up with any website, the first step is to Sign Up create a Bitbns account. With this «Bitcoin account» you can buy and sell Bitcoins and many more cryptocurrencies.

This is a necessary step known as 2-factor authentication which will ensure that your account is protected in the unfortunate case that your account details are hacked / stolen.

We are also very strict when it comes to verifying your identity. And hence users have to submit PAN card or Aadhar card for ID verification.

After adding your bank account details on your Bitbns account, on your screen you will see two options: (1) either you can enter the Bitcoin amount or (2) the amount in INR.

As soon as you have finished all you are ready to buy your first Bitcoin.

Bitbns also has important factors that make it an attractive proposition:

Easy to use site

Excellent user rating

Cryptocurrency price

Prices in India definitely varies from International market as it is directly proportional to demand and supply. Check below the prices of all coins in India in INR.

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Buy Crypto & Bitcoin in India

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

WazirX is a new Bitcoin and cryptocurrency exchange in India. It’s operated by Binance, one of the largest crypto exchanges in the world.

• Very nice trading interface and easy to use
• Backed by Binance
• Low 0.2% fees

• Has orderbook so somewhat hard to use for new users

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

• Works in almost all countries
• Highest limits for buying bitcoins with a credit card
• Reliable and trusted broker

• Some of the highest fees among credit/debit card bitcoin brokers

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

• 24/7 live support
• Extremily high limits
• 5 Minute verification
• Get payouts fast
• Large selection of payment methods

• No traditional orderbook for advanced traders

Unocoin is India’s leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS.

• Regulated company in India
• Backed by investors in the United States
• Low 1% fee, reduced to 0.7% with sufficient trading volume

• Offers a Bitcoin wallet that should not be used to store bitcoins
• Requires ID verification, so not private

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.

• Many payment methods available
• Low fees for South American countries

• Not private since identity verification is required

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. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

• Our map makes it super easy to find a Bitcoin ATM near you

• Bitcoin ATMs often have 5-10% fees per purchase

Chapter 1

Bitcoin & Cryptocurrency Trading in India

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 2019, 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. 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. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

Ledger Nano X

• SCREEN:
• RELEASED: 2019
• PRICE: $145

Ledger Nano S

• SCREEN:
• RELEASED: 2016
• PRICE: $72

TREZOR T

• SCREEN:
• RELEASED: 2018
• PRICE: $189

TREZOR One

• SCREEN:
• RELEASED: 2013
• PRICE: $79

Another way to buy Bitcoins in India is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can locate Bitcoin ATMs in India using our Bitcoin ATM Map.

Chapter 2

Top Bitcoin & Cryptocurrency Exchanges in India

India has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

Chapter 3

Best Bitcoin Wallets for India

There are three main types of Bitcoin wallet and all of them are supported in India:

• Software (desktop or mobile — iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Zengo

Best for storing crypto for short period of time

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Electrum is a Bitcoin-only wallet that has been around since 2011. It’s easy to use, but has advanced features.

Chapter 4

How to Buy Ethereum in India

Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in India that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

Chapter 5

How to Buy Dogecoin in India

Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

Chapter 6

How to Buy Litecoin in India

Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in India that allow you to buy litecoin and other crypto assets for good exchange rates.

Chapter 7

Exchange Hacks and Crypto Scams in India

Indian Bitcoin Exchange gets hacked

In 2018, the cryptocurrency exchage Coinsecure was hacked, losing $3.5 Million worth of Bitcoin. It is beleived that the hack was the work of insiders, among them the Chief Security Officer. The allegations were based on the fact that this official was the only person who had the private keys to the exchange’s main wallet.‎

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.

Chapter 8

Does Coinbase work in India?

Coinbase ONLY allows crypto-to-crypto conversions for India residents as of January of 2021.

Where Can I Find a Bitcoin ATM in India?

India offers only one Bitcoin ATM. You can find it in the Garage Society in Gurugram.

Use our Bitcoin ATM finder tool to get more info on that ATM.

What is the price of Bitcoin in India?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in India?

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.

Another way to sell Bitcoins in India is through automated teller machines (ATMs). 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. You can locate Bitcoin ATMs in India using our Bitcoin ATM Map.

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

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. 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. Jordan is also the creator of some of the internet’s most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.

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