Bitcoin is the most reputed cryptocurrency in the world and one of the oldest and most secure digital forms of currency. Bitcoin is gaining popularity in India and other parts of Asia as well. However, not everyone can go to a local Bitcoin exchange and buy it with cash or a credit card.
Also, some people need clarification on how to convert the cryptocurrency BTC to INR. This article will give you complete knowledge about everything you need to know. Continue reading the article to learn about buying your first Bitcoin and other cryptocurrencies (such as Ethereum) in India.
Buy Bitcoin Using Zebpay:
Zebpay is an Indian bitcoin exchange that lets you buy and sell bitcoins instantly with rupees. It’s a mobile app and doesn’t charge any fees for buying or selling bitcoins. You can download the app from the official website or Google Play Store if you have an Android device. So, using the app, one can do their crypto exchange and easily convert their BTC to INR.
Buy Bitcoin Using Unocoin:
To buy bitcoin, you first need to create an account on Unocoin. Unocoin is one of the oldest and most popular bitcoin exchanges in India. It has been registered with the help of the Reserve Bank of India (RBI). Also, it is authorized to operate as a payment system.
This means that Unocoin has all the necessary approvals from regulators to allow users to buy, sell and store cryptocurrencies for personal and commercial use through their service. You can also pay bills using this exchange platform if you want!
After creating your account at Unocoin, you can deposit money into your newly created account via net banking or credit/debit card payments. Once verified, you can quickly buy bitcoins using INR fiat currency on this website!
Pool:
Pool mining is a great way to start with Bitcoin and other cryptocurrencies. Pool mining uses the collective power of many computers (pooled together) to mine bitcoin, which means that you’re likely to be paid more frequently than when you mine on your own.
You don’t need to worry about guessing whether a block will be found because the pool will automatically distribute your earnings among all the contributors by their share of hash power contributed. There are different ways to buy Bitcoin in India. You can do it instantly and cheaply through a Bitcoin exchange or wait for your employer to pay you in crypto at work. The choice is yours!
However, it would be best to do your due diligence before purchasing whatever option you use. For example: Are there any hidden fees? Is this company reputable and trustworthy? How long will it take for crypto to arrive in your hand? Find another seller if the seller doesn’t answer these questions or tries to avoid them!
In addition, make sure that the site (or app) uses encryption technology that protects against cyber attacks like phishing scams. So that hackers can’t steal personal information like passwords through fake emails or websites looking like official ones but aren’t genuine sources of information about financial investments such as cryptocurrency prices online at all times!
You Can Buy Bitcoin in India Instantly and Cheaply:
Bitcoin is a digital currency, which means it exists only as computer code and cannot be touched. It’s also decentralized, meaning that no single institution controls the supply of bitcoins; this differs from central bank-issued fiat currencies like the Indian rupee or USD.
While bitcoin has been around since 2009 (when it was worth next to nothing), it has recently become more popular thanks to its growing acceptance and rise in value over time.
Conclusion:
Buying bitcoin in India is a straightforward process. You can use many exchanges to buy bitcoin, and you can either do it online or offline.