How to buy Bitcoins in India
Bitcoin is trending and everyone is now thinking to buy few Bitcoins to try this new digital currency. Over the past few years, Bitcoins has become stronger and emerged as a good alternative to currency systems. Few countries have legalized the use of Bitcoins for purchasing services and goods. In India, the government is still debating and discussing whether to make Bitcoins legal or not.
Even if Bitcoins cannot be used to buy goods and services in India, you can still buy Bitcoins as an investment. This investment can be better because this digital currency has gained a lot in recent months. Starting from 1BTC = 1USD, now 1BTC is equal to 1734 USD and it is expected to gain more in coming months. See the price trend of Bitcoins against Indian currency.
If you want to know about Bitcoins, “Bitcoin is world’s first open source decentralized digital currency.”.
You should first read what is Bitcoins. The same article explains how Bitcoins work. Read these things before you think about investing in Bitcoins.
You can buy Bitcoins from Bitcoin exchange. These exchanges allow you to pay in your currency and buy Bitcoins. You can sell your Bitcoins anytime and withdraw money in your account. These Bitcoin exchange also offers Bitcoin wallet to save your Bitcoin and accept Bitcoins from friends.
How to buy Bitcoins in India?
These are few Bitcoins exchange in India that allows you to buy and sell Bitcoins easily.
Zebpay is a good place to buy and sell Bitcoins in India. You should create your Zebpay account, verify your identity and attach PAN card before you start using the service. For buying Bitcoins, you can make online payments. Zebpay also has a Bitcoin wallet where you can see the amount of Bitcoins you own. You can sell your Bitcoins any time and Zebpay will give you the Indian Rupees as per current sell price.
Coinsecure is another good real-time Bitcoin trading platform in India. It charges just 0.3% exchange fees but offers nice services.
It is the first Bitcoin exchange in India with REST API. If you check the current buy and sell rates, buy rates of Coinsecure is less than the price in Zebpay. It also offers easy to use and fast Bitcoin wallet to send and receive Bitcoins to others.
Unocoin is also a good place to buy or sell Bitcoin in India. It also offers a store to keep your Bitcoin safely in the wallet. It allows you to accept Bitcoin from friends and customers around the globe. You can by using online banking and buy Bitcoins easily. You can also sell anytime to convert Bitcoins to Indian Rupees.
Note: These are many services that claim to offer fixed return on the name of bitcoin, mining or cryptocurrencies. It is not possible because the rates of Bitcoin depends on demand and supply. It is susceptible to high risks. So, there can not be an assured fixed return.
There are few more services that allow you to buy or sell Bitcoins in India. A few years back, it was a very complicated process to invest in Bitcoins in India. With these available services, now investing in Bitcoins is as simple as keeping money in your Bitcoins wallet.
Do remember that Bitcoins are just digital currencies. So always keep backup of your private keys. If you lose your private keys, you will never be able to use the Bitcoins.