Cryptocurrency adoption is growing rapidly in India, and Bitcoin remains the most popular digital asset. Many beginners want to start small and wonder if they can buy Bitcoin with just 100 INR. The good news is, yes, you can! This guide will walk you through the easiest and cheapest way to buy Bitcoin in India using INR.
Can You Buy Bitcoin for 100 INR?
Yes! Bitcoin is divisible into smaller units called satoshis, meaning you don’t need to buy a full Bitcoin. You can purchase fractions of Bitcoin with as little as 100 INR, making it an accessible investment for beginners.
Steps to Buy Bitcoin in India with 100 INR
1. Choose a Trusted Crypto Exchange
To buy Bitcoin in India, you need to register on Unocoin a trusted cryptocurrency exchange that allows INR deposits. Download it from:
- AppStore or PlayStore: http://unoco.in/app?utm_source=blog&utm_medium=website
- Web Application: https://unocoin.com/in/home?type=sign-up&utm_source=blog&utm_medium=website
2. Sign Up and Complete KYC
As unocoin exchange is FIU & PMLA registered with the Indian government it requires identity verification (KYC) to comply with regulations. You’ll need:
- A valid mobile number and email ID.
- Government-issued ID (Aadhaar, PAN card, etc.)
- A selfie for identity verification.
- Valid Bank Account Details.
3. Deposit 100 INR to Your Account
Once your KYC is approved, you can deposit INR into your exchange wallet via the virtual bank deposit as it supports a minimum of INR 100 deposit.
4. Buy Bitcoin for 100 INR
After funding your account:
- Go to the “Buy Bitcoin” section in Exchange.
- Enter 100 INR as the amount.
- Confirm the purchase, and you will receive Bitcoin in your wallet.
5. Secure Your Bitcoin
To keep your Bitcoin safe:
- Store it in an exchange wallet or use Unocoin’s Paper wallet for long-term holding.
Invest in Bitcoin with SBP (Systematic Buying Plan)
A great way to invest consistently in Bitcoin is through SBP, which allows you to automate your purchases based on a set frequency. You can choose to buy 100 INR worth of Bitcoin daily, weekly, or monthly. Simply update your wallet once, and the desired amount of Bitcoin will be purchased automatically depending on the frequency you have selected.
Benefits of SBP in Bitcoin
- Reduces market volatility risk by averaging out the purchase price.
- Helps in long-term wealth building through consistent investment.
- Automates investments for hassle-free trading and portfolio growth.
Why Buy Bitcoin in India with 100 INR?
- Low Risk for Beginners: Start small and learn how Bitcoin works.
- Easy Accessibility: Bitcoin is available for everyone, regardless of budget.
- Future Potential: Even a small investment today can grow over time.
Bitcoin SIP ROI Calculator:
If you had invested 100 INR in Bitcoin five years ago, it could have grown significantly by 393.65%. A Bitcoin SIP ROI calculator can help you estimate future returns based on past performance.
Try Bitcoin SIP calculator now
FAQs
1. Is 100 INR enough to start investing in Bitcoin?
Yes! Bitcoin is highly divisible, so even 100 INR can get you started with a small amount.
2. What is the cheapest way to buy Bitcoin in India?
Using a Virtual bank transfer on a low-fee exchange like unocoin is the most cost-effective method.
3. Can I withdraw my Bitcoin back to INR?
Yes, you can sell your Bitcoin on an exchange and withdraw INR to your bank account directly.
4. Can I withdraw my Bitcoin to another wallet?
Yes, you can send your Bitcoin directly to another wallet as Unocoin has supported Crypto withdrawals since 2013.
5. Are there any fees when buying Bitcoin with 100 INR?
Yes, the exchanges charge a fee of 0.5% on buying Bitcoin. Check the platform’s fee structure before buying.
Conclusion
Buying Bitcoin in India with 100 INR is simple and a great way to start your crypto journey. By following these steps, you can invest in Bitcoin with a minimal amount and gradually expand your knowledge and holdings. Using SIP can further help in automating your investments and mitigating market risks, making Bitcoin investment more convenient and efficient. Start today and take your first step into the world of cryptocurrency!
Please find the list of authentic Unocoin accounts for all your queries below:
- Twitter: https://twitter.com/Unocoin
- Telegram Group: https://t.me/Unocoin_Group
- E-mail id: [email protected]
- Contact details: 7788978910 (09:30 AM IST – 06:30 PM, Mon-Sat)
- App store link: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
- Playstore link: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Disclaimer: Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).
