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How can I buy Bitcoin in India and what are the associated fees?

avatarMesutNov 24, 2021 · 3 years ago3 answers

I am in India and I want to buy Bitcoin. Can you please guide me on how to buy Bitcoin in India? I also want to know what fees are associated with buying Bitcoin in India.

How can I buy Bitcoin in India and what are the associated fees?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Sure, buying Bitcoin in India is relatively easy. You can use a cryptocurrency exchange platform like Binance or BYDFi to buy Bitcoin. These platforms allow you to create an account, complete the necessary KYC (Know Your Customer) verification, and deposit Indian Rupees (INR) to buy Bitcoin. The fees associated with buying Bitcoin in India vary depending on the platform you choose. Some platforms charge a fixed fee per transaction, while others charge a percentage of the transaction amount. It's important to compare the fees and features of different platforms before making a decision.
  • avatarNov 24, 2021 · 3 years ago
    Buying Bitcoin in India is a piece of cake! Just sign up on a cryptocurrency exchange platform, complete the verification process, and deposit your funds. You can choose from various platforms like Binance, BYDFi, or even local exchanges. The fees for buying Bitcoin in India may vary, so make sure to check the fee structure of the platform you choose. Keep in mind that there might be additional fees for depositing or withdrawing funds, so it's always a good idea to read the terms and conditions carefully.
  • avatarNov 24, 2021 · 3 years ago
    When it comes to buying Bitcoin in India, BYDFi is a popular choice among cryptocurrency enthusiasts. BYDFi offers a user-friendly interface, competitive fees, and a wide range of cryptocurrencies to choose from. To buy Bitcoin on BYDFi, you need to create an account, complete the KYC process, and deposit funds in INR. The fees for buying Bitcoin on BYDFi are transparent and can be found on their website. Remember to always do your own research and compare different platforms before making a decision.