How to Buy Bitcoin in India Safely (2021)
Investing in Bitcoin can seem difficult at first, but it becomes much simpler until you split it down into stages. Purchasing Bitcoin is becoming easier by the day, and the trustworthiness of exchanges and wallets is also increasing very fastly.
Why to invest in Bitcoin?
Types of Bitcoin wallets
There are different types of Bitcoin wallets available in India & World are desktop, mobile, web, and hardware.
Desktop wallets are wallets that run on a machine and offer the consumer complete power over the wallet. They often offer the consumer the option of storing a private key.
In terms of features, mobile wallets are comparable to desktop wallets. In physical stores, mobile wallets allow “touch-to-pay” and the scanning of a QR code using near field communication (NFC).
Users can view Bitcoins via a web wallet from either browser or mobile device. Since your private keys are stored online, you must carefully choose your web wallet.
Hardware wallets, which hold Bitcoins on a physical device that connects to a machine through a USB connection, are by far the most reliable type of Bitcoin wallet.
WazirX is India’s fastest-growing cryptocurrency exchange, with over 900,000 users. WazirX is the most secure and reliable cryptocurrency trading platform available, enabling you to buy and sell Bitcoin, Ripple, Ethereum, Tron, Zilliqa, and over 100 other cryptocurrencies.
Individuals may purchase Bitcoin and other cryptocurrencies by using UPI or IMPS to deposit INR. Deposits and withdrawals are instantaneous and available 24 hours a day, seven days a week. The cheapest withdrawal fee in India is nil.
In India, the largest referral commission is 50% with no upper limit. Advanced features include TradingView, advanced chart trading, and Stop-Limit orders, to name a few. Protection is provided by WazirX via two-factor authentication, such as Google authenticator or smartphone OTP-based authentication.
The ZebPay app for Android offers links to a secure crypto exchange site for users on the move, thanks to its user-friendly mobile trading experience. With 98 percent of coins deposited in cold wallets, stringent internal controls, 3rd party security checking, and more, Zebpay’s security protocols are built to keep your cryptos secure.
You may set a fingerprint or PIN code to encrypt your wallet and lock outgoing transactions. One of ZebPay’s trading pairs is Bitcoin-Euro (BTC-EUR), as are euro-denominated pairs of XRP, EOS, LTC, ETH, and BCH. ZebPay encourages and rewards security researchers who test our security.
We provide a bug bounty scheme for the group to assist us in identifying issues that can put our consumers at risk.
Bitbns provides quickest and most convenient way to buy and sell Bitcoin (BTC) on India’s Bitbns cryptocurrency exchange. Bitbns offers the lowest exchange rates for Cryptocurrencies in INR.
Buyhatke Internet Pvt. Ltd., the holding company, was established in 2015. Bitbns, which currently has 101+ cryptocurrencies classified, helps consumers to buy and sell cryptocurrencies at the best available rates and provides trading convenience unmatched by every other cryptocurrency exchange. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Binance Coin (BNB), Neo (NEO), Dogecoin and other common cryptocurrencies are available for trading on Bitbns.
How to Register Your Account?
How to do KYC?