How to buy Bitcoin in India
If you are interested in buying Bitcoin and you live in India, this guide will show you how you can buy Bitcoin as well as other cryptocurrencies including Ethereum, Bitcoin Cash, Ripple, Dash and Stellar Lumens.
You will see Bitcoin Cash mentioned in this post, if you want to buy Bitcoin then choose “Bitcoin” when buying buying from an exchange, “Bitcoin” and “Bitcoin Cash” are two different cryptocurrencies.
CEX is a great exchange to quickly and easily buy Bitcoin as well as Ethereum, Bitcoin Cash, Bitcoin Gold, Ripple, Dash, Zcash and Stellar Lumens.
Like the other exchanges it has a built in wallet but you also have the option of sending the Bitcoins to your own personal wallet straight after purchase, using this option can save you money on transfer fees since the Bitcoins are sent to your personal wallet straight away.
Payment methods include wire transfer, online bank transfers and credit/debit card payments.
A few things to note:
Basic accounts can buy up to $1,000 ( ₹65,041.00 INR) worth of bitcoins per day, and up to $2,000 ( ₹130,082.00 INR) per month.
Verified accounts can buy and sell an unlimited amount of any cryptocurrency offered on CEX.
Basic accounts can only use debit/credit cards to buy cryptocurrency, if you want to use a bank transfer to deposit funds into CEX you will have to verify your account first but the verification process is fast and simple.
CEX supports all countries around the world.
You can use CEX to buy Bitcoin here: Buy Bitcoin at CEX
It is very easy to purchase Bitcoins and other cryptocurrencies with Coinmama, you can buy cryptocurrencies using a credit or debit card within minutes.
Coinmama offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano, Qtum and Ethereum Classic, which is a lot of cryptocurrencies for a cash based exchange.
You will need a Bitcoin wallet address before you buy Bitcoins from Coinmama but there is a built in option to generate a free software wallet using a separate Bitcoin wallet provider.
Accounts verified with a passport can buy $10,000 ( ₹650,410.00 INR) worth of cryptocurrency, accounts verified with 2 forms of ID can buy $50,000 ( ₹3,252,050.00 INR) worth of cryptocurrency and accounts with Level 3 verification and above have no limits.
Coinmama has additional payment methods including bank transfers and wire transfers but these options are only available in certain countries.
Coinmama supports all countries around the world
You can use Coinmama to buy Bitcoin here: Buy Bitcoin at Coinmama
LocalBitcoins is a fast and easy way to buy and sell Bitcoins, it works by letting users buy and sell Bitcoins to each other, this is also known as peer-to-peer (P2P) or over-the-counter (OTC) buying and selling. The process is safe since LocalBitcoins uses escrow protection to prevent fraud and protect both buyers and sellers.
LocalBitcoins also has a built-in reputation system to help users filter out unreliable customers and Bitcoin prices are constantly kept up to date.
To buy Bitcoins you simply choose a seller and press “BUY”, some sellers will require you to verify your identity before you can purchase Bitcoins from them.
LocalBitcoins has a wide selection of payment methods including SEPA, Bank Transfers, Credit/Debit Cards and PayPal, other methods include Western Union (not recommended due to its high risk) and many country specific payment methods.
LocalBitcoins supports all countries around the world.