HOW TO BUY BITCOIN IN INDIA

Here is a step-by-step guide to buy bitcoin in India

Bitcoin has became one of the most popular crypto currencies around the world and has a growing number of applications every day. In case you are also looking to find out how to buy and sell bitcoin currency in India, here's a step-by-step guide for you:

1/4

Agencies

Find a Bitcoin wallet

Bitcoin can be purchased online and are stores in an online wallet in digital form. You can select from various bitcoin exchanges available in India such as - Unicorn, Bitxoxo, Zebpay, Coinbase etc. Select wallet based on features, platforms they can be used on, and security etc.

2/4

Agencies

Create an account

Next, you can create your account by registering on the selected bitcoin service provider. This will give you a secure place to store your bitcoin, and easy payment methods to convert your local currency into or out of bitcoin.

3/4

Agencies

SUBSCRIBE TO:SLIDESHOW NEWSLETTER

For those who love the visual aspect of news, get the choicest packages on the latest buzz

Subscribe

Sample Newsletter

Comedy thriller Simran is now on Prime video

Now watch online the stellar performance of Kangana Ranaut in film Simran on Amazon prime video.

Ad: Prime Video

Start buy/ sell order

Once you initiate buy bitcoin, it will take you to the exchange and the rate at which you can buy the bitcoin. At present, the value of bitcoin has been pushed to very high levels, so you will probably be able to buy only a fraction of a bitcoin. You can sell your bitcoin in the same manner.

4/4

Agencies

Next Story

Interested in Bitcoin? Beware of these risks

Sep 20, 2017, 06.09 PM IST

Healthy tasty Oats Tikkis for tiffin

Sponsored by Kissan Tiffin Timetable

Crypto currencies are not regulated

The Bitcoin and other crypto currencies are not regulated by governments in most of the countries. Recently, Reserve Bank of India also issued a statement stating that it is uncomfortable with "non-fiat" crypto currencies like Bitcoin. "Any user, holder, investor or trader dealing with virtual currencies is doing it at their own risk," the RBI had cautioned on its website in February this year. The RBI has been repeatedly flagging concerns on virtual currencies like Bitcoins, stating that they pose potential financial, legal, customer protection and security-related risks.

1/4

Agencies

Bitcoin transactions are irreversible

When you create an account with a crypto currency service provider, your money is kept in a digital wallet with one public and one private key. The public key is like your mobile number and the private key is your username and password. You should keep both the keys confidential. You should note that the password of Bitcoin wallet is irrecoverable. Your money inside the wallet will be worthless if you don't remember password. Similarly, balance transfers of Bitcoins are also irreversible. So, if your Bitcoin gets stolen by hackers, here is no way to recover it.

2/4

Agencies

Beware of fake crypto currencies

As crypto currencies are not regulated, is gets difficult to distinguish between fake and real. So, before trading in any crypto currency, you should look into the underlying project, market cap and past performance. Research and analyse more about the currency before investing.

3/4

Agencies

'10 days' hair oil - New hair growth for sure!

Ayurvedic Hair Oil from Kerala. ISO and GMP Certified Manufacturing. 3000+ Customers. 100+ Reviews

Ad: Rathira Ayurveda Pvt Ltd

Fraud agents

There are hundreds of crypto currency exchanges available online. There are many fake agents selling crypto currencies with the promise of delivering high returns. So, if you want to keep your money safe, it is better to deal with exchanges that are registered on bitcoin.org.

4/4

Agencies

Next Story

Paytm wants to give you cashback in GOLD

Aug 04, 2017, 04.08 PM IST

Take your brand to the right consumer this festive season

Sponsored by Colombia Network

Good news for Paytm users!

Mobile wallet company Paytm has recently announced that it now offers consumer the option of receiving 'digital gold' as cashback on their transactions.