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Do you know How to Buy Bitcoin in India? Because many of me was happy that how to buy Bitcoin in Indian currency. So today I thought why not give you all the information about how to buy Bitcoin in India.

Bitcoin has expanded too much in a very short time. When it first came to the market of Visv, it was the first Cryptocurrency. Its value wasn’t that high. And because of this being a decentralized currency, people’s faith in it was not so much in the beginning.

But over time, the faith of the people started increasing in it and more and more people started joining it, which led to its price increasing significantly. Today its price is close to 13,88,159 INR.

From this, you can guess how its price has increased in a very short time. That’s because its transaction fees are very low. In today’s world, people are investing more in Bitcoin instead of the Share Market and are also making good profits.

You may not all know this, but Bitcoin is legal in India. Now you can buy and sell Bitcoin in India, that too in Indian rupees. So today I will try to give you complete information about how to buy Bitcoin in India. Then let’s start with what’s the delay.

What is Bitcoin?

Bitcoin is a virtual currency and cryptocurrency. Just like the rest of the currencies are rupees, dollars, etc., bitcoin is also a digital currency. This is completely different from the rest of the currencies because we can neither see Bitcoin nor touch it like money. We can store Bitcoin only in an online wallet.

Buy Bitcoin

Bitcoin was invented by Satoshi Nakamoto in 2009 and has been gaining popularity since then. Bitcoin is a decentralized currency, which means that there is no bank or authority or government to control it, i.e. no one owns it.

Anyone can use Bitcoin like we all use the Internet and it has no owner, just like bitcoin.

How much is Bitcoin Worth?

If we talk about the price of Bitcoin, then in today’s date, the price of 1 Bitcoin is around 13,88,159 INR (Indian Currency) or Rs.13,88,159/-. It’s not that if you have to buy Bitcoin, you have to buy a whole Bitcoin.

The point to understand here is that the smallest unit of Bitcoin is Satoshi and a Bitcoin = 10,00,00,000 is close to satoshi.

Just as Indian currency has 1 rupee = 100 paise, 10 crores satoshi together is 1 bitcoin. This also means that you can break down 1 Bitcoin to 8 decimals. For example, you can both buy or sell 0.0001 bitcoins.

Documents that Need to be Filled Out

If you want to buy Bitcoin, you will have to follow a prescribed procedure.

  • You must have a Valid ID proof. Such as driving license, voter ID, Aadhaar card, PAN card or passport.
  • It is mandatory to have a bank account in your name which you will have to link to the website before buying and then the transaction will be successful.
  • You must have a PAN card.
  • A valid email ID must also be there.
  • When registering in the website, it is necessary to provide all the information correctly and accurately, otherwise your account will not be verified.

How to Buy Bitcoin in India?

Now you must have guessed a lot about Bitcoin, what it is and why its fame is increasing day by day. You can buy bitcoin as soon as gold, that too in Indian currency. So let’s know that there are websites in India from which we can buy Bitcoin very easily, that too in our own currency.

Buy Bitcoin

For your convenience, I have listed them according to their popularity, so that it will be easier for you to know about them. Here in these websites, you can easily see their mezuza price, that too in real-time.

  1. Wazirx
  2. Unocoin
  3. Zebpay
  4. Coinbox
  5. BTCxIndia
  6. LocalBitcoin

Now we’ll know about them in full detail. So that you don’t have any trouble understanding them.

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