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How to Buy Bitcoin in India?

How to buy bitcoin in india

how to buy bitcoin in india

The decentralised nature of Bitcoin has been a real equaliser for Indians, who can now join global retail investors in investing and the currency of the future. This blog lays out how to buy Bitcoin in India.

The 21st of December, 2020, was a milestone in the history of Bitcoin as it reached an all-time high of $24,228.83. And it didn’t stop there — the global crypto community looked on with astonishment as the Bitcoin record rally continued. Yesterday, on the 9th of January, 2021, it topped $41,000. Early investors have been celebrating this steep ascent in the value of the world’s foremost cryptocurrency, and this has seen a rise in new interest too.

Today, many individuals are joining the cryptocurrency revolution and looking to invest in Bitcoin because of its promise of high returns.

The search volume from last month is a good indicator of public enthusiasm — on the 18th of December, 2020, the people looked up ‘How to buy Bitcoin in India?’ over 1,00,000 times.

The decentralised nature of Bitcoin has been a real equaliser for Indians, who can now join global retail investors in investing in this digital asset and the currency of the future.

If you are piqued by this phenomenon but don’t know where to start, this blog will give you a brief idea of what are cryptocurrencies:

How to buy Bitcoin in India?

Buying bitcoin is fairly easy — you can purchase them from an exchange that deals in crypto assets like Unocoin, ZebPay or WazirX in India. But to ensure the safety of the transaction, you are required to register and submit some documents online. Here’s how you can set up an account with Unocoin, the leading crypto exchange in India:

You’re all set! You can now get to the buying part with the following steps:

If you are adding money to your Unocoin wallet through net banking, here’s how the different modes of fund transfer (NEFT/RTGS/IMPS) differ from each other:

Transfers are validated by the Unocoin team in less than three to four hours, though on occasion, it might take up to twenty-four hours, due to a large number of transfers. If deposits are done in the evening or on the eve of bank holidays, it might take up to the next working day before the transfer is reflected in your Unocoin wallet balance.

If you have trouble depositing money in your Unocoin wallet, email or call the customer number 7788978910 (7 a.m.-11 p.m., Mon-Sat). Other enquiries can also be directed to the email ID or the customer care number. Any requests for changes in transactions can also be sought through these channels before being carried out by Unocoin. For more on how to buy Bitcoins, visit Unocoin. You can also have a look at FAQs here.

We hope that this blog has helped you understand more about Bitcoin transactions and purchases. Feel free to look through our other blogs to delve into the world of decentralised money!

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