How To Buy Cryptocurrency In India

Anisa Batabyal
| 15 June, 2020 | 2 min

Cryptocurrencies have become an integral part for most of people’s lives, as they are starting to learn more about its benefits. Similarly, in a country with a population with as much as 1.3 billion, there has been a spur of enthusiasm, as the news of the crypto trading ban getting lifted made the headlines on the 4th of March, 2020. Currently, there has been a wide increase in crypto trading volume, as there is no fear and uncertainty about the crypto regulations anymore. Before the crypto ban got lifted, there were many people who were using peer to peer crypto exchanges for trading, which contributed to around 3 million trading volume.

Let us check how to buy cryptocurrency (for eg: Bitcoin) in India, step-by-step:

Step 1

You can buy BTC in India by going to this page, after which you will come across this window. On the left converter tab, you choose INR and put the amount of INR you want to invest in converting into Bitcoin. You can choose the crypto you want to convert into, in the right-hand tab. You have to put the Bitcoin address, where you will receive the amount once the transaction is complete. Click on “ Continue”.

Step 2

Then you will get this window, where you have to fill in the details to finish the KYC (Know Your Customer) process, which won’t take more than a couple of minutes. After verifying the details, click on “I agree to the terms and conditions” and click on “Pay now” button. Your transaction has been completed. Now, just relax till you receive Bitcoin in the given address.

FAQs on How to Buy Cryptocurrency in India

  1. How can I buy Bitcoin in India in 2020?

You can buy Bitcoin in India easily by going here.

  1. Can you buy crypto in India?

Yes, you can buy crypto in India easily and securely by going here.

  1. Which cryptocurrency is best to invest in India?

There are multiple cryptocurrencies, which are being favored by most, of which Bitcoin has been ever-trending.

About CoinSwitch is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!