Bitcoin In India: What Is The Best Way To Invest?

Cryptocurrency has been getting a lot of popularity across the globe. Over the years, the number of people who are investing in cyrptocurrency is drastically increasing. There are several testimonies of people from different parts of the world how entering the world of digital currency changed their lives. However, there are some parts of the world that do not allow making any transaction whether selling, buying of goods or services or as an investment activity. One of those countries is India. So if you are looking for ways to buy Bitcoin in India. There is no reason to lose hope. While bitcoin is not accepted as a currency in India, it is still possible for you to own and trade it on exchanges. How? This article will walk you through the ways on how you can invest bitcoin in India.

Basically, these are the steps that you need to follow:

  • Obtain a bitcoin wallet
  • Proceed to Coinmama
  • Select the amount of bitcoin you want to buy and;
  • Enter your payment information and bitcoin address

But if this site (Coinmama) doesn’t work out for you, there is still hope as there are several exchanged that do accept customers like you in India.

Coinama

As early stated in this article, this is the most popular alternative exchange if you want to buy bitcoin in India. This site is based in Israel but it is also available in several countries from across the world. It was launched in the eyar 2013 and it gains popularity because of the convenience and comfort it provides to customers. Basically, with just your debit or credit card, you can buy bitcoin anytime you want. However, coinama has high fees in every transaction. Usually, it takes 5% of the total amount of transaction.

PaxFul

Another great exchange for you to buy bitcoin in India is Paxful. It is considered as a P2P marketplace that allows sellers and buyers to meet online and trade bitcoin directly. This exchange was founded in 2015 and currently; they have several offices in different cities around the globe. Sellers on this exchange accpe over 300 payment methods including the major Indian payment methods like Bheem, Phoepe and payTM. So if you want to buy bitcoins on Paxful, you won’t have to pay for any fees in using the site.

CEX.IO

CEIX is also a great platform to buy Bitcoins in India. This exchange is available in most countries. It was launched in 2013 and is based in London. CEX.IO allows users to sell and buy bitcoin as well as a selection of altcoins. Bank transfers and credit cards are accepted as payment methods in this exchange. Unlike other sites, CEX.IO offers low fees on trades.

Changelly

Moreover, Changelly is another great exchange for people who want to but Bitcoin in India. As a user, you don’t have to provide any personal information when signing up for this website. Also, you will have a convenient and easy way of exchanging cryptocurrency from one wallet to another.

With these sites and exchanges, there is no reason that could stop you from investing in Bitcoin. In this bitcoin era, availability of these helpful and amazing sites is a huge help for people like you who want to grow their investments.

Published by Oblena

Janica Oblena is the writer of ‘Midnight Secrets’. She is a graduate of Harvard University with a degree in Journalism. She is currently the senior editor of Leapyearfilm.net