Bitcoin Price for today is ₹ 4126670.200974196. Its current circulating supply is BTC 18,706,343 with a market cap of ₹ 77,194,908,227,296.0
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It has become more than easy to buy bitcoin in India after the Supreme court of India lifted the crypto ban. Many investors have shown interest in the market, giving opportunities to more and more crypto companies to offer their best services.
These companies could be exchanges that help individuals to buy bitcoin in India, e.g. CoinSwitch. Bitcoin is one of the most gainful investment options offering high ROI. Being part of the decentralized economy it also gives the user the benefit to maintain privacy over the network.
Let us run through the information that you must know before you buy bitcoin in India.
A crypto exchange platform like CoinSwitch, Unocoin, Zebpay, etc. can help you buy Bitcoin in India. These exchanges enable individuals to buy, sell, and trade cryptocurrencies with complete security and ease.
Once you create an account on any of these exchanges, you can then buy Bitcoins with either NEFT, RTGS, UPI, etc. Depending upon the payment mode you selected while creating the account.
Most of these exchanges support bank transfers, and some also support debit and credit cards. This means users can easily buy Bitcoin in India on the exchange once they link their account to any of the payment modes convenient to them. E.g. Binance has partnered with simplex to allow users to make payments via Debit and Credit cards while buying a cryptocurrency.
Let us take the example of CoinSwitch to understand the steps and procedures involved in buying Bitcoin in India.
Here is the list of 4 Best exchanges to buy bitcoin in India:
After the Supreme court lifted the crypto ban in India, many crypto investors and enthusiasts have shown interest in this decentralized ecosystem. India is expected to see a wave in the crypto industry with more and more people looking to diversify their portfolios. But before you buy bitcoin in India, there are a few things one must know.
Bitcoin is definitely a good investment option as its network is getting more reliable with increased adoption rates. Although one must be ready to take risks, analyze, and take investment decisions.
Yes, it is legal to buy Bitcoin as well as other cryptocurrencies in India. As the crypto ban has been lifted by the Supreme court of India back in March
There are several exchanges where you can buy Bitcoin in India, but one of the best platforms will be CoinSwitch. It is well integrated with some of the largest exchanges around the world and offers the best rate.
You can buy Bitcoin and sell it immediately. Unlike the stock markets, the cryptocurrency market does not have an opening and closing time, allowing more room for speculation.
The minimum amount of Bitcoin that you can buy can be worth anywhere from INR 700/ - INR 1000/-depending upon the exchange/app that you are using.
The safest way to store Bitcoin is to have a secure wallet. It could either be a hardware wallet or a cold storage wallet.
You can sell your Bitcoins either via an exchange or perform a P2P transaction. Exchanges act as an intermediary, you can place a sell offer in the exchange you have an account with, and as soon as someone matches your offer, the exchange will complete your transaction.
Bitcoin is currently mostly used as a long term investment/asset. Bitcoin as a payment service can not scale to compete with Paypal, Mastercard, etc.
In India, there are several exchanges like CoinSwitch, Zebpay, Unocoin, etc. that can help you to invest in Bitcoin. If you are looking to buy Bitcoin in India, then, these exchanges can make your crypto investing effortless.
After buying Bitcoins, wallets are a great way to protect your crypto investments. You can easily move your Bitcoins to either a hardware wallet or a cold storage wallet to protect your coins against cyber attacks.