Despite tremendous volatility and warnings from RBI and other central banks across the world, Bitcoin is outperforming the bubble talk (for now). In this article, we will list a few platforms in which you can buy Bitcoin in INR in India. Popular global platforms like Coinbase do not allow for Indians to trade Bitcoin.
12 exchanges to buy Bitcoin in INR in India:
Unocoin is one of India’s most popular bitcoin exchanges that has been operational for a few years now. With both Android and iPhone apps available, you can execute your buy and sell trades very easily. One needs to verify themselves on e-KYC before being able to make a purchase. The fees start at 1%
Zebpay is one of the oldest Bitcoin platforms based out of Ahmedabad. It offers multi-sig security features which is one of the best in industry. Like Unocoin, by having both an iOs and Android app, it allows customers to execute trades instantly.
Coinome is a fully owned subsidiary of the parent company that owns BillDesk. Coinome is one of the few exchanges that allows e-KYC instantly. This itself is one of its biggest strengths because there is no wait time to process e-KYC before one can start trading. Coinome currently supports Bitcoin, Bitcoin Cash, and Litecoin. Coinome has set out to support 20 additional cryptocurrencies in 2018.
Koinex is one of the latest entrants in the cryptocurrency exchange space in India. However, Koinex is making rapid strides because it allows trading altcoins such as Ethereum Tokens (ETH), Ripple (XRP), LiteCoin (LTC), and Bitcoin Cash (BCH).
Coinsecure offers one of the lowest fees in the industry at 0.3%. With multiple options to purchase that include NEFT, IMPS, and cash deposit, Coinsecure has a very strong offering.
LocalBitcoins is a peer to peer platform that offers Bitcoin in the offline world. Since it is an escrow service, payments happen in in-person meetings, secured by LocalBitcoins. It is a private transaction and this is LocalBitcoins’ its biggest strength.
btcxIndia was one of the first crypto exchanges to open up in India back in 2013. Due to RBI regulations, they had shut shop until recently. They now allow trades of Bitcoin and Ripple (XRP). btcxIndia is one of the first Indian platforms to support Ripple.
BuyUCoin claims to have one of the largest coverage of cryptocurrencies for an Indian exchange with over 30 altcoins listed. Some of the currencies outside Bitcoin that are listed include NEM, Monero, Dash, Stratis, ZCash, and OmiseGo.
Pune based CoinDelta allows for trading of Bitcoin and Ethereum tokens with 24×7 support.
bitxoxo is a cryptocurrency platform that allows Bitcoin buy and sell trading with a 0% fee. Apart from that, they promise instant trades and 24×7 support.
Pocketbits is a Nashik based cryptocurrency exchange platform that allows its users to trade in Bitcoin and Ethereum.
ThroughtBit allows the trading of Ether tokens and Bitcoin through their platform with the use of INRFalcon. They charge a fee of 0.75% for the transaction.
FAQ – Frequently Asked Questions
- What is Bitcoin?
Bitcoin is a cryptocurrency and a peer to peer, decentralized digital currency and payment system. The bitcoin ecosystem is run without a central repository through the use of cryptography.
- Is Bitcoin regulated in India?
Bitcoin is not regulated in India. In fact, RBI has sent out multiple warnings to Bitcoin investors signaling the potential dangers of Bitcoin.
- What documents are needed for KYC?
- Identity Proof – PAN Card
- Address proof (one of below)
- Driver’s license
- Electricity bill
- Telephone bill
- Aadhaar card
- Signed photo