To buy bitcoin, the first step is to open an account in a cryptocurrency exchange. you have many exchange options in India. or you will be download a bitcoin wallet, where your bitcoins will be transferred to stored or you will be left your bitcoins in a cryptocurrency exchange wallet but this is risky bitcoin wallet is a more safe option. for future spending or trading. there are many Traditional payment methods such as a credit card, bank transfer, debit cards, or cash that will allow you to buy bitcoins on exchanges. so in this post, we are discussing the top 3 methods how to buy bitcoin in India.
Exchange
you have many cryptocurrency exchange options to open an account. but first, check that which exchange has more liquidity that means if you want to buy 10 bitcoin which exchange provides you bitcoin without more fluctuation in price. and check which exchange has more secure compare to others because in crypto space every year many exchanges got hacked and many people lost their savings in the hack every year. these are few examples of exchanges that provide their service in India.
Top 3 methods
- P2P – If you want to buy peer-to-peer (P2P) cryptocurrency trading. I will suggest you open your account with Binance because this is one of the top 3 exchanges worldwide. where you buy more than 100 bitcoins with more fluctuation in price. basically, in p2p, you will buy bitcoin or cryptocurrency from the seller and transfer funds directly to the seller’s account. open your account with Binance Click Here
- Exchange -If you want to open your account in exchange go for wazirx. its platform very friendly and have more liquidity than other exchanges. and wazirx exchange a part of binance exchange so open your account with wazirx transfer your fund in wazirx account then open an account with Binance and transfer your fund from wazirx exchange to binance exchange without any fees, any on Binance platform you have many more options of cryptocurrency. open your account with Wazirx Click Here
- Buy bitcoin with cash-it’s possible to India buy bitcoin in cash thanks to cashaa. Cashaa partnered with United Multistate Credit Cooperative Society to open physical branches for cryptocurrency banking services in India. you will able to buy bitcoin and other cryptocurrencies with cash In Unicas branches.
- for more Top cryptocurrencies investment idea click here
- If you are new or want to open a account on exchange than read this post top exchange
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How to buy cryptocurrency in India