Jun 05, · In India, you can purchase Bitcoin from Zebpay exchange. Zebpay has Android and iPhone app which lets you link your bank account for quick transfers. You can buy Bitcoins Author: Karan Dhar. Unocoin is India's leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS. Aug 24, · Here is a method to purchase bitcoin in India. You can buy Bitcoins in India using trusted apps. The first step before starting an investment in bitcoin is KYC verification. To complete KYC, you need to submit your PAN card, valid address proof, and bank account details.
Purchasing bitcoin in india18 Exchanges To Buy Bitcoin In India ()
Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand. There is a Bitcoin ATM in every region of the world. In March of , the government of India officially lifted its two-year ban on the trade of cryptocurrencies.
The historic ruling brings clarity to the future of the technology in India and now the entire country can participate in the Blockchain revolution. As a result, many blockchain-related services and businesses globally have forecasted increased demand following the ruling. Customers based in any of the major cities in India are able to buy bitcoin from any of the exchanges on this page.
With over three million users, CEX. IO is the simplest and most popular exchange for citizens in India to buy cryptocurrencies. The verification process on CEX. IO is quite extensive which makes it one of the most secure exchanges on the planet. VISA and Mastercard deposits incur a 2.
Skip to content India. Pros Diverse selection of markets Excellent reputation User-friendly interface Great customer support Low fees. Cons Bitcoins can only be withdrawn in the form of fiat currency. Pros Established and trustworthy Supported worldwide Low fees Simple credit card purchases Clean user interface. Cons Verification procedure requires private information Lengthy verification time.
Pros Established reputation User-friendly interface High liquidity Large purchasing limits Strong security. Cons Support takes time to respond Slow bank transfers. Pros Respectable reputation Global support Reliable customer support Tiered verification Affordable fees. Cons Few payment methods Sophisticated UI.
Pros Available worldwide High purchasing limits Dependable and trustworthy Excellent leadership and customer support Fast and secure transactions. Cons High fees when purchasing with a credit card or debit card Delay in processing time. Cons Bank transfers can take 1 to 5 days to complete Above-average fees.
Pros A large number of cryptocurrency pairs Strong security Privacy. Pros Trustworthy management High volume exchange Low fees A large number of cryptocurrency pairs Global support. Cons Buyers and sellers are at risk of being scammed. Pros Available in every country of the world A diverse selection of buyers and sellers Supports many payment methods Buyers get their bitcoins fast Private. Cons Lack of cryptocurrency diversity Both sellers and buyers have a chance of being scammed.
Pros Multiple funding methods Ability to purchase bitcoin at market rate Wallet and exchange. Cons The initial lag time Not supported in all countries. Pros Respectable reputation Supported globally No registration required Privacy Perfect for advanced traders. Cons Few payment methods Not suitable for beginners. Pros Many cryptocurrencies and payment methods supported High liquidity Trustworthy management Good customer support. Pros Supported globally High-level security Affordable transaction fees Reliable customer support.
Cons Few payment methods High deposit fees. On the contrary, most of the people wanted to buy and use the bitcoins and deploy it as the financial instrument to gain high returns.
But considering the present situations, crossing the barriers of regulations seems to be difficult for them, and so they are searching the ways to buy bitcoins anonymously. Before discovering the ways to acquire bitcoins anonymously, the reasons for being anonymous need to be understood. As per most of the crypto investors , by maintaining the anonymous status, users can be protected against the sophisticated hackers who are keeping a close eye to the new investments.
Bitcoin is based on blockchain technology which is cryptographically secured and aims to prevent various kinds of frauds. But as the digital tokens lure the tech-savvy professionals, they are employing efficient ways to hack the accounts. Also, bitcoin wallets which are vaults to protect your digital codes may reflect your IP address, which can be easily traced and real addresses can be revealed. In a country like India, where cybersecurity is not as strong as that of first world countries, the crypto market and the sending and receiving of coins can be highly vulnerable to cyber-attacks.
Thus, the privacy of information and secured transactions are two of the significant benefits of maintaining anonymity in a distributed decentralised network in the country like India. Now let us move on to the ways to buy bitcoins anonymously in India. By purchasing the virtual currencies without disclosing your identity can safeguard your funds, but the process needs to be clearly understood beforehand. However, the small effort can save huge pennies. Get ready to know the methods to invest your funds without providing any of your photo ID to different exchanges.
There are majorly three major pathways which do not require disclosing your identity during the investment process of Bitcoins:. Some of the crypto exchanges and services associated with bitcoins allow the users to purchase the coins with cards without any verification of identity.
It is just like using a Visa gift card to shop in a supermarket. For example, cryptocurrency exchange Coinmama allows you to purchase bitcoins via credit card or cash, but the purchase limit is capped at a low amount.
The technique also allows one to sell with the self without losing a penny as the commissions to mediators. For example, platform Changelly lets one trade coins without any disclosure of identity. Thus, the verified address does not contain your bitcoins due to shifting to another address. As the adoption of Bitcoin is pacing up, one can easily find people who own Bitcoins and ask them to sell to you.
The peer to peer trading is similar to a barter system where miners directly sell the coins to the purchasers at the condition of liquidating some of the coins for fiat currencies or many times; bitcoin sellers find a person to trade coins with cash.
Platforms like LocalBitcoins allow finding the interested sellers and buyers alike where one might agree to buy bitcoin in fiat currency. Thus in , we have majorly few ways to acquire bitcoin anonymously :. Now, the methods are known to us for purchasing the bitcoins without any Photo ID, but a mystery is not entirely solved.
The platforms which can be utilised in India are still not mentioned. So, let us now discuss the companies or exchanges which do not ask for the personal information of the user:.
LocalCryptos: It is a peer to peer marketplace which entertains around cities across the world. Localcryptos performs the work of matchmaking by giving the seller of bitcoin a perfect match of bitcoin buyer in return of cash or fiat currency. The platform works as an escrow manager. Coinmama: It is considered as one of the best options to the new crypto enthusiasts who wanted to start their investments with small amounts without disclosing their IDs.
You can easily buy the worth of dollars bitcoins using your debit or prepaid credit card. Bitsquare: It is an entirely decentralised exchange which does not ask for a name or email id or any details related to identity verification while acquiring the bitcoins. But one of the problems associated with these exchanges is they need supporting altcoins to exchange for Bitcoins.