Stepwise Tutorial to guide How to Buy Cryptocurrency in India
Cryptocurrency is a business in India. It is not considered as investment. It is possible to buy Cryptocurrency in India easily. You can pay in any currency like INR / USD to buy the coins here. India is a leading market for the digital currency and people are investing in the digital assets not as an investment but as a Business. The craze of the coins is too high. Especially the Indian youth is very much attracted towards this. Many of my Indian friends have got new cars with Crypto.
I get many emails from the people of India to know the best and the safest way to buy Cryptocurrency in their country. They also specifically ask for the exchange where they can trade for majority of the altcoins. So for them, here i am writing this article that will guide them to proceed in a stepwise manner to purchase the crypto coins in India.
I will divide this procedure in different steps. This article will not only cover the major coins like BTC / ETH / XRP etc but also the other altcoins as well. So, let us proceed to understand where you can buy the Cryptocurrency in India.
Stepwise Guide to Buy Cryptocurrency in India
Convert INR To Bitcoin or other major cryptocoin
The first step includes the purchasing of Bitcoin with Indian Rupee. Yes, the initial thing you have to do is that you should convert the Indian Rupees to BTC. There are few exchanges that let you buy Bigger coins like BTC / ETHEREUM / Litecoin / Ripple with the Indian currency. With these coins, you can buy the altcoins from other exchanges.
buy cryptocurrency in india – convert inr to btc Altcoins are the alternative coins of the Main Crypto Coins.
There are many exchanges that let you purchase BTC with INR but i recommend using Koinex. You can create your Free account on Koinex Official website here.
The transaction fees are very less and it is trustworthy to use. If Koinex registrations are closed, you can opt for WazirX exchange.
You will be able to buy BTC there. But if you are planning to buy some other altcoin, i recommend you to buy Ripple and then send it to other worldwide exchanges (mentioned in step below). The transaction charges of sending ripple are minimum and it takes few minutes to send the XRP coins.
You can read this article to understand the process of Buying ripple from Koinex. This will convert INR to major Cryptocoins.
Create Account on International Crypto exchanges
Now when you have the coins in Indian Exchange, you can proceed to create account on World Wide exchanges. This will let you buy cryptocurrency in India on a major scale. These marketplaces will provide platform to purchase almost all the altcoins. The two most popular international exchanges are:
buy cryptocurrency in india – create account on international exchanges I recommend to use Binance initially as it has almost all the coins for trading. Here is the stepwise tutorial to guide you how to create account on Binance.
If you are looking for a specific coin which is not available on Binance, then you can chose Cryptopia. Once you have the account you can proceed to the next step.
Transfer BTC from Indian Exchange to International Exchange
Now when you have BTC / XRP in Indian Exchange (say Koinex) and a user account on Binance, you can proceed to send the coins from Indian to international exchanges. As i told you already, sending ripple is the cheapest way out.
buy cryptocurrency in india – send coins from international to indian exchanges You can go through this stepwise article that will guide you send coins from Koinex to Binance.
Buy Cryptocurrencies in India from International exchanges
When you have the coins in Binance, you can trade major Coins from Binance. If you have sent the ripple to Binance as per my guidance then you can convert your XRP coins to BTC / BNB to purchase altcoins here. This way is far cheaper than sending BTC directly.
buy cryptocurrency in india – buy at binance To trade any Coin proceed with the following steps
- Go to Exchange (Basic / Advanced) section on Binance.
- Search for the Coin you wish to purchase.
- On the right side enter the coins number as well as the price in BTC.
- Click on Buy.
- You will get your coins in Binance wallet.
You can also read these articles that are stepwise guide to purchase the coins from Binance.
Now you will be able to convert your Indian rupee to cryptocurrencies. I just showed you how you can deposit Indian Rupees in Indian crypto exchange. The way you will convert the coins to BTC and then how this BTC will let you purchase the available crypto coins from international exchanges.
Conclusion
Again in the end i should definitely mention that the cryptocurrencies can make you money. Please invest with guidance. If you are just blindly putting your money in the coins, you will surely lose it and also will blame the coins technology.
Must Read: Why you should definitely invest in Bitcoins.
Some coins are not available on Binance. Here are the articles that will help you purchase cryptocurrency from Cryptopia in India. So think wisely, stay connected with us and buy Cryptocurrency in India .
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