How to buy Bitcoins in India?

in bitcoins •  7 years ago  (edited)

Earlier there were not many options to buy Bitcoins in India but now many options are available to buy bitcoins and altcoins in India through fiat money.Let me tell you all the options I know along with the pros and cons I found.

To buy Bitcoins or altcoins first you have to register with any of the below services and submit KYC and bank details, after approval you can start buying.

1. Zebpay

It's the most popular platform to buy bitcoins India right now.It has more than 5 lakh installs in Playstore.

pros

  1. Very nice user interface
  2. Fast service
  3. Send bits to friends and recharge
  4. KYC completion is faster

cons

  1. Only available in app no website
  2. Buy sell difference is somewhat on higher side
  3. Fees are bit on higher side

Get bitcoins worth ₹100 free on Zebpay on your first Bitcoin buy or sell with referral code 'REF97301366'. To Download the app, click here.

2.Unocoin

It's second most popular website/app for Bitcoin buying in India with more than 1 lakh installs.

pros

  1. User interface is good though less attractive than Zebpay
  2. Both app and website platform
  3. Buy sell difference is high

cons

  1. KYC completion takes time
  2. Fees are bit higher
  3. Buy sell difference is on higher side

You can register on Unocoin here.

3. Bitcoin India

Though it's not as much popular as above two I think it's one of the best service available right now. Around more than 10 thousand installs in Playstore.

pros

  1. Multicoin support, you can buy Litecoin, Dash, Ethereum, Bitcoin cash along with Bitcoin and they are adding support for others as well
  2. Low fees 0.1% only
  3. Best customer support through Whatsapp
  4. Mining packs and hosted mining available
  5. Both app and website
  6. Buy sell price difference is less
  7. Club membership with additional benefits

cons

  1. User interface not so attractive though it gets work done
  2. KYC completion takes some time
  3. Exchange service in website is somewhat slow

Join Bitcoin India today and get the referral bonus, click here.

4. Buyucoin

It is also not so popular but it's also a decent one.

pros

  1. User interface is good
  2. Most number of altcoins supported, you can buy Monero, Ripple, Neo and lot of others altcoins along-with Bitcoin,
  3. Exchange service available and you can place buy sell orders for future

cons

  1. Buy sell difference is on higher side
  2. KYC takes sometime
  3. Website only though they are launching app soon

Register on buyucoin here.

5. Coinsecure

It is also somewhat popular service, it's basically a Bitcoin exchange, you will find buy sell difference very low and low buying price compared to others

pros

  1. Buy sell price difference is low
  2. Both app and website
  3. Exchange service, you can place buy sell order according to your wish

cons

  1. User interface is not good, only for advanced traders
  2. Website and app is somewhat buggy and not glitch free
  3. KYC takes time

You can register with coinsecure here.

6. Btcxindia

Though its name is Btcxindia you can only buy Ripple here. It's real-time trading platform for Ripple. They also have a separate Ethereum buying website known as ETHEXIndia. One downside is that they take a lot of time to complete KYC.

You can register on Btcxindia here and on ETHEXIndia here.

7. Localbitcoins

One of the best site to buy sell Bitcoins locally. You can buy through cash also. Be cautious though and meet the seller directly if you live in same city else check the reputation of the seller in the website. Use escrow service to be safer.

Register on localbitcoins here.

8. Pocketbits

It's one of the most innovative on the list as you can buy any product from Flipkart, Amazon using bitcoins, you have to just enter product link and details and pay in an equivalent amount of Bitcoins. You can also buy a lot of altcoins also. I am looking forward to using this service soon.

Register with Pocketbits here.

9. Bitxoxo

It's another Bitcoin buying service you can try which promises 0% fees though I found buy sell price difference on the higher side.

You can register with Bitxoxo here.

10. Bitlio

You can use bitlio to pay bill payments through Bitcoins. Currently only selected locations are available.They are also giving cashback up to Rs 5000 on deposit for a limited time.

Register with Bitlio here.

From my point of view Bitcoin India is best among all of the above and also Localbitcoins is a very good option if you want to buy through cash or deal with local traders.If you want to buy something through Flipkart, Amazon Pocketbits is a good option. For bill payments through Bitcoins Bitlio is a good option.Zebpay is another very good and popular option.

Some more companies are entering the market in August like Bitbay and Koinex. The competition will increase and hope we get better services with lower fees and charges.

Let me know if you find any more options for buying bitcoins in India, I will check and add it to the list. Also, tell me what experiences you had with above services.

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Very good article. Interesting to see I'm not the only one that is thinking about this. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. Do you know this interesting site? https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. See: https://www.coincheckup.com/coins/Bitcoin#analysis To see the: Bitcoin Research report.