Minimum amount of bitcoin you can buy in india

Bitcoin itself is not a stock despite it functioning somewhat like one. If you want to store bitcoins, then a wallet is where you keep them. If the limits on one exchange are to low you can simply open an account with another exchange to give yourself the ability to buy more. Changelly Buy Bitcoin Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Not surprisingly, Indian cryptocurrency exchanges have been in hot water thanks to such a hostile regulatory environment.

Crypto exchanges are facing the music

Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we’ve gone from blank stares when talking about cryptocurrencies to interest and demand that’s hard to keep up. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. So if you’re in India and are looking to buy Bitcoin, you may want to use a local exchange. Buying Bitcoin isn’t for the faint of heart. Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment. There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traderscovering Bitcoin, Litecoin, Ethereum, Ripple, and .

A hostile regulatory environment

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure. Don’t have a wallet? Unocoin is India’s leading Bitcoin platform. Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. Want to buy using Coinmama?

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Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we’ve gone from blank stares when talking about cryptocurrencies to interest and demand that’s hard to keep up. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves.

So if you’re in India and are looking to buy Bitcoin, you may want to use a local exchange. Yoou Bitcoin isn’t for the faint of heart.

Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment.

There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traderscovering Bitcoin, Litecoin, Ethereum, Ripple, and. There’s also the fact that the Indian government has said that Bitcoin can’t be used as a part of the payments. Speaking to the nation, Finance Minister Arun Jaitley reiterated that cryptocurrencies are not legal tenders, saying that their use invia part of the payment system» will be eliminated.

However, the minister didn’t explicitly mention anything about trading in cryptocurrencies like Bitcoin. Still, if you’ve done your research and want buy Bitcoins, there are a number of options in India. We started looking at such exchanges one year ago, and many of the exchanges we found at the time to be good options still remain active and have good reports from users.

However, we have seen customer feedback on some of them turn sour, and there have been a few new entrants as well, which have received a positive response from most of their users.

Here are the ones that sound like good picks in Februarybased on what consumers are saying, on public forums ranging from Reddit and Quora, discussions on social media such as Twitter and Facebook, and by listening to recommendations from people who are actively trading in Bitcoin in India.

Coinome Recommended by a number of traders, and with generally positive feedback online, this exchange is backed by the payments company Billdesk, and launched near the end of November.

It allows for instant eKYC using your Aadhaarand it doesn’t buy or sell Bitcoin, serving as a platform to connect users instead. The Billdesk backing lends more authenticity to the company, and it’s also got a reputation online for fast transfers. Another reason to like Coinome is that it offers instant withdrawals on all weekdays — very reassuring if you’re worried about values dropping suddenly.

Coinsecure Coinsecure minimum amount of bitcoin you can buy in india been around for a while now, and generally has positive feedback online. It offers a wallet along with an exchange, and is generally well designed and easy to ij. There are a lot of guides on the site yoi you imnimum learn more about Bitcoin trading there, and allows for trading of just Rs.

It charges 0. Check out Coinsecure on the Web Android. Koinex Online, you’ll see a lot of people swearing by Koinex, and a fair number swearing at it as. Usually, you’ll hear about people ditching it to move buh Coinome, and people ditching Coinome for it, so it’s safe to say that the online reputation is a little mixed. However, some traders that we have spoken to have been using it and say it remains a good, and easy to use option, with enough liquidity for day-trading, but its fees are a little high.

People who have been using Bitcoin for purchases say that the ease of use and the availability of coins makes it a good option for people buying Bitcoin in India.

It allows OTPs for security, and offers yearly statements of trades on request, which could be used for tax purposes. Minmium Another reliable player that has come up in India is Remitano, a peer to peer Bitcoin exchange that promises instant transfers and withdrawals as well, and offers an escrow facility.

The idea behind this is to make the transfer of funds between people safer, as the Bitcoins are locked until the seller confirms payment. It also offers a amounnt if you need one, although most people recommend saving your Bitcoin offline. In a way, Remitano being on the list also highlights how changeable all these companies’ kndia are. Around September, you’d find a lot of people complaining about Remitano online, but in the last two months, we’ve seen a lot more ,inimum comments, including an active Bitcoin trader whose opinions we trust.

These four choices are looking like the best options at this point, but two of the exchanges we looked at last year, Unocoin and Zebpay are also worth considering.

Both exchanges offer mobile apps so you can easily check and manage them at any time, but we’ve seen a large number of online complaints about speed, fees, and issues with delays in KYC.

In general, both seem to be reliable, and have Indian customer care numbers so you can reach them more easily, but they don’t seem to be the most favoured options amongst Bitcoin traders anymore. Another option, which we mentioned earlier, is BuyUCoin. The site was one we had looked at last year, but in the last few months there have been a lot of complaints from users online. One of the founders has blogged about this and explained why a backlog came up, causing some issues, which is why we haven’t included it in our main list either, but it sounds like they’re aiming to get back on track, so it could be worth checking to see what rates it is offering.

Finally, given the prices at which Bitcoin is being traded, we wouldn’t recommend this for the most part, but if you’re looking for a cash option, try LocalBitcoins. Some people have shared stories of being scammed, so it’s definitely not the best idea, but you can trade privately with no paper trail, which might be a selling point for some people.

Cryptocurrency Prices across Indian exchanges. For the latest tech news and reviewsfollow Gadgets on TwitterFacebookand subscribe to our YouTube channel. How to Buy Bitcoin in India. Tech News in Hindi. More Technology News in Hindi. Latest Videos. More Videos. Ammount Mobiles.

A hostile regulatory environment

Unocoin, another India-based exchange, lets you trade Bitcoins. Tags: India Bitcoin Bitcoins buy sell. Once you locate a seller, you meet up in-person and conduct the trade. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address. Now, let’s get into the details. It’s impossible to say when to buy. The good thing is, developers are hard at work to make Bitcoin the best money the world has ever seen. There is no way to directly buy bitcoins with PayPal. They also offer tutorials on digital currencies. They are downloading Zebpay as they want to experiment with digital currencies. Once your purchase is complete, the codes are now owned by you and not the seller. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.