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What are the best ways to buy Bitcoin with Indian Rupee?

avatarHamid AliNov 26, 2021 · 3 years ago3 answers

I am interested in buying Bitcoin with Indian Rupee. Can you please suggest the best ways to do so? I would like to know about the most reliable platforms or exchanges that support buying Bitcoin with Indian Rupee. It would be great if you could also provide information on the fees, security measures, and any additional requirements for purchasing Bitcoin with Indian Rupee.

What are the best ways to buy Bitcoin with Indian Rupee?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure! One of the best ways to buy Bitcoin with Indian Rupee is by using a cryptocurrency exchange that supports INR deposits and withdrawals. Some popular exchanges in India that allow you to buy Bitcoin with INR include CoinSwitch, WazirX, and ZebPay. These platforms offer a user-friendly interface, secure wallets, and competitive fees. To get started, you'll need to create an account, complete the KYC verification process, and deposit Indian Rupee into your exchange account. Once you have funds in your account, you can place a buy order for Bitcoin and the platform will execute the trade for you. Keep in mind that the price of Bitcoin may vary slightly across different exchanges, so it's a good idea to compare prices before making a purchase.
  • avatarNov 26, 2021 · 3 years ago
    Buying Bitcoin with Indian Rupee is easier than ever before. You can use peer-to-peer trading platforms like LocalBitcoins or Paxful to find sellers who accept INR. These platforms connect buyers and sellers directly, allowing you to negotiate the price and payment method. When using peer-to-peer platforms, it's important to be cautious and only trade with reputable sellers who have a high rating and positive reviews. Additionally, you can also consider using a Bitcoin ATM that supports INR. These ATMs allow you to deposit cash and receive Bitcoin directly into your wallet. However, keep in mind that Bitcoin ATMs may have higher fees compared to online exchanges.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that supports buying Bitcoin with Indian Rupee. It offers a seamless user experience, competitive fees, and a wide range of cryptocurrencies to choose from. To buy Bitcoin with INR on BYDFi, you'll need to create an account, complete the KYC verification process, and deposit Indian Rupee into your account. Once your funds are available, you can place a buy order for Bitcoin and BYDFi will execute the trade for you. BYDFi also provides advanced trading features for experienced traders. It's important to note that cryptocurrency investments carry risks, so it's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.