How to Buy Crypto with INR in India
- This article introduces the fastest, most secure, and convenient way to buy Bitcoin and other cryptocurrencies using various familiar payment methods such as UPI, IMPS, NEFT and bank transfer.
India, a nation that initially grappled with skepticism and regulatory roadblocks surrounding cryptocurrencies, is making significant marks in the global crypto arena. Despite many challenges such as ban on cryptocurrency dealings in 2018 and high taxation rates, India's crypto community thrives nonetheless with incredible resilience and adaptability. As of 2023, Statista predicted that India could account for over half of the world's crypto users by the end of the year, with an estimated 156 million enthusiasts. Considering these statistics, India has all the makings of the next crypto hub. Notably, major crypto players have set their sights on the Indian market, adding to the country's allure.
As India's crypto community continues to grow at an astonishing pace, it's only natural to wonder: What is the best way to buy crypto in this dynamic landscape? In this article, we'll delve into the most efficient, secure, and convenient way to buy Bitcoin and other cryptocurrencies in India.
The Best Way to Buy Crypto in India with INR
Navigating the crypto market in India can be a challenge due to regulatory complexities and concerns. In this landscape, Bitget emerges as the best way to buy and trade cryptocurrencies in India, as the platform offers a user-friendly and secure environment that caters to the needs of both experienced traders and newcomers to the crypto space.
STEP 1: Create a Bitget account
- Go to Bitget Registration page.
- Choose to register with either email or mobile number.
- Enter the verification code sent to your email / mobile phone number and hit “Sign up”.
STEP 2: Complete KYC
Bitget's KYC (Know Your Customer) process is both simple and swift, but its impact on enhancing account security is substantial. By requiring users to verify their identity, Bitget ensures that every account holder is genuine and accountable. This not only fortifies the platform against potential fraudulent activities but also provides users with added peace of mind, knowing that their investments and transactions are within a secure environment.
Read more about the benefits of KYC here.
- Go to the Identity Verification page.
- Click "Verify".
- Fill out the country that issues your ID and the type of ID you wish to use for KYC.
- Upload pictures of your ID. Make sure that the pictures are fully visible in high resolution and not cut off.
- Take a selfie of your face following the instructions.
- Once your ID has been verified successfully, you will receive an email notification and a push notification from Bitget.
STEP 3: Buy crypto with INR via Bitget P2P
Bitget's P2P trading introduces an innovative way to buy and sell cryptocurrencies with INR. This method provides users with unparalleled flexibility, offering competitive prices, zero fees, and a diverse range of payment options. With P2P trading, users have the freedom to tailor their transactions to suit their unique needs and preferences.
- Go to the P2P trading page.
- Choose the “Buy” tab.
(1) the crypto you want to buy,
(2) INR as the fiat you want to pay in,
(3) and the payment method of your preference among UPI, IMPS, Paytm, PhonePe, NEFT, Google Pay, bank transfer, etc.
- Browse through the list of traders and select the one that suits your preferences by clicking the corresponding “Buy” button.
- Enter the amount you wish to pay and your preferred payment method, then click “Buy”.
- Review the seller's provided payment details, and make the payment using the chosen payment method within the specified time frame. If you have any questions or need to communicate with the seller, you can use the chat function located on the right-hand side. Click “Paid” when you’re done.
- Review the details and click “Confirm”
- Once your payment is confirmed by the seller, they will promptly release the cryptocurrency to you, marking the successful completion of the transaction. To check your newly acquired assets, simply click on “View Asset”.
- In case you don't receive your cryptocurrency within 15 minutes after confirming, click “Submit Appeal” to contact Bitget 24/7 Customer Support.
To learn more about Bitget P2P trading, you can read the following articles:
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
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