How to Buy Bitcoin?

February 6, 2018 By admin

How to Buy Bitcoin?

How to buy Bitcoin?


Where to Buy and Sell Bitcoin in India?

You’ve probably heard of Bitcoin, an advanced digital currency that has got the popularity in last few years. In India How to buy Bitcoin is the most asked question in last few months. Today we are talking about how to buy Bitcoins on Indian platforms and also aware you about the online platforms which are at present in the market. Bitcoin was recently in the news because of the ransomware WannaCry. The Wanna Cry digital assaults were one of the greatest assaults of this sort. Influencing PCs in nations around the globe, and the Hackers requested payments in Bitcoin. Because Bitcoin transactions are practically untraceable.

So in case, you’re interested in buying some Bitcoin, how would you continue? Well, the easiest way to get some is to use an online exchange, and buy some just like you would get anything else at an e-commerce site. There are some security concerns, and it’s best to buy from reputed websites or apps. We have found some websites which will provide you assistance to buy, sell and trade Bitcoins.

1. Zebpay

Zebpay is an Indian cryptocurrency exchange platform. Based out of India, Zebpay has Android and iPhone apps, and lets you link your bank account for fast transfers. You need to carry out a KYC procedure, which means that this isn’t a completely anonymous account. However, it’s a regulated company in India, and it claims to offer multiple security features to keep your coins safe.

It’s very easy to use, and fast, with low fees. You can buy and sell Bitcoins, remit the money to your bank account, and track historical data on Bitcoin pricing.

Check out Zebpay on the Web | Android | iOS


Also, read: All About BITCOINS

2. Unocoin

Unocoin – an Indian-owned company, the company early told that interest in Bitcoin in India has been growing since November 2016, as a hedge against measures like demonetization. The company makes it easy to buy or sell Bitcoin online and also functions as a wallet so you can use Bitcoin at other places via the site. Unocoin also has apps available for iOS and Android.

Setting up is easy, and you can buy and sell Bitcoin with the money going to your bank account using NEFT. Unocoin also lets you use your Bitcoin in a number of places, such as topping up your BookMyShow wallet, if you want. Unocoin has a low 1 percent fee, but one thing that might put some people off is that it requires ID verification, so it’s not a private transaction.

Check out Unocoin on the Web | Android | iOS


Also, read: All About BITCOINS

3. LocalBitcoins

If you’re looking for a more private transaction, LocalBitcoins is a well-known alternative. The transactions can be quick and easy, and you can carry out in-person trades that can happen completely anonymously. These purchases can be carried out with cash, to avoid a paper trail.

On the other hand, there are limitations on the amount you can purchase at a time, and also, the prices for Bitcoin are just a little bit higher than some of the other options we discussed above.  Beyond this, on Reddit, some people also shared experiences with scammers on the site. If you are careful and vigilant though, then a lot of people do recommend this because of the fast and private nature of transactions.

Check out LocalBitcoins on the Web


Also, read: All About BITCOINS

4. BuyUCoin

Its highly recommended by Reddit, and it has an Indian phone number provided for support. BuyUCoin allows you to buy Bitcoin online using your credit card, debit card, and net banking. In order to purchase Bitcoin, you must first get a purchase ID. This requires your name, email ID, phone number, and your PAN card number and a photo of your PAN card. You also need to upload a photo of another ID – either your driving license or Aadhaar card.

Once you do that, you can start purchasing Bitcoin, which can be stored in popular online wallets, or in an offline wallet. You can see the price of Bitcoin at the top of the page, and then buy the coins just like you would purchase anything online.

Check out BuyUCoin on the Web


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