Ethereum is the second largest cryptocurrency today with its market cap at over 60 billion USD. Having a very solid technology and ecosystem around it, there is tremendous interest from many Indians to participate in Ethereum trading. While we have many exchanges like UnoCoin and Coinome where customers can buy Bitcoin, Ether token trading is not supported in these platforms. In this article, we will look at 4 Indian cryptocurrency exchanges where users can buy Ethereum (ETH).

Indian exchanges where one can buy Ethereum (ETH) in INR:

1. Koinex:

Koinex is a Mumbai based cryptocurrency exchange that supports trading of Ethereum. With rapid user growth and support for other currencies like Litecoin, Ripple, and Bitcoin Cash, Koinex is one of the fastest growing crypto platforms in India.

2. BuyUCoin

BuyUCoin allows for crypto trading of over 30 currencies including Ethereum tokens. Some of the other tokens they support include Ripple (XRP), Bitcoin Cash (BCH), Bitcoin (BTC), Dash, NEM, Monero (MNR).

3. ThroughBit

ThroughBit allows for Ether token trading through their INRFalcon currency which is pegged to the Indian Rupee (INR).

4. ethexIndia

ethexIndia is a Hyderabad based Ethereum token exchange that bills itself as the first Ether token marketplace in India. With a sudden surge in demand, registrations for the platform are currently on hold. For now, if you want to buy Ethereum in INR, you may want to look at one of the other platforms.

FAQ – Frequently Asked Questions

  1. What is Ethereum?
    Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.
  2. Is Ethereum regulated in India?
    Ethereum like other cryptocurrencies (Bitcoin, Ripple, etc) is not regulated in India. Recently, RBI issued a third warning against the risks of investing in cryptocurrencies, ICO’s, and token sales. Many believe that cryptocurrency is the future of money and continue to invest in Bitcoin, Ethereum, and other alternative currencies.
  3. What documents are needed for KYC?
    • Identity Proof – PAN Card
    • Address proof – Aadhaar card
    • Bank documents – Passbook (or) Canceled Cheque

6 Comments

  • NARAYAN SHARMA
    Posted December 18, 2017 11:45 am 0Likes

    i am from assam, i do not have adhar card can i trade here.

    • Anish @ FinTown
      Posted January 8, 2018 3:34 pm 0Likes

      Probably not. Aadhar is an essential requirement as part of one’s eKYC.

  • Rohit
    Posted December 25, 2017 1:03 pm 0Likes

    Koinex is a scam I deposited 10k Rs which is not added into there wallet even after 15 day.

    • Anish @ FinTown
      Posted January 8, 2018 3:35 pm 0Likes

      Rohit – I would recommend you to please reach out to the Koinex customer support team to report the issue. Good luck!

  • Hari
    Posted January 7, 2018 11:52 am 0Likes

    Koinex is a big fraud. I am not able to withdraw my money for past one month.

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