5 Exchanges to Buy Bitcoin in India

Nov 19, 2018 at 12:11 // PR

Author
Guest Author

Cryptocurrencies are famous because of the leading crypto Bitcoin. People may not be able to list a few digital currencies, but will be well aware of the digital currency called Bitcoin. Such is the popularity of Bitcoin. Today's price of Bitcoin is USD 6405.34 and Bitcoin price prediction also seems to be positive according CoinSwitch. Bitcoins can be stored safely by using online Bitcoin wallets available on trusted websites. (Read Here: Top 21 Best Bitcoin Wallets Comparison) Always safeguard your Bitcoin wallets by not disclosing your private keys to anyone. It is essential to open a Bitcoin wallet before you buy Bitcoins as some crypto exchanges need them.

While there is a number of exchanges for buying Bitcoin, let us have a look at top 5 exchanges to buy Bitcoin in India.

Unocoin

Unocoin is the leading name of the cryptocurrency exchange when it comes to buying Bitcoin in India. Unocoin is a simple mobile wallet that enables its users to buy, sell and store Bitcoins. Unocoin was launched in 2013 and it now supports both Android and IOS software. Unocoin facilitates buying Bitcoin through many leading Indian bank account either online, NEFT or by RTGS. Its investors are based in the United States of America and this exchange charges as low as 1% as the transaction fee.

Coinmama

Coinmama is a well-known name worldwide for buying Bitcoin and it applies to India as well. Coinmama allows its users to buy Bitcoins through credit card or debit card. One need not reveal their identity if they are buying Bitcoins worth less than USD 150. This attribute of Coinmama makes it suitable for small investors as well. It is renowned worldwide due to its trust-worthy nature. One drawback of this cryptocurrency exchange is that it charges a higher transaction fee of 6%.

LocalBitcoins

LocalBitcoins was launched in 2012 and enables users to buy Bitcoins for Indian Rupees. It is a place where advertisements can be posted by the users of LocalBitcoins regarding the cryptocurrency rates and mode of payments. It acts as an escrow for cryptocurrency trading. Transactions are faster and considered private in LocalBitcoins compared to its competitors. various rates can be found if you would like to convert BTC to ETH in LocalBitcoins.

Changelly

Changelly is one of the biggest cryptocurrency exchange site in the world. It supports buying and selling of different cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, ZCash and Dogecoin. To buy Bitcoins in Changelly you need to hold any other cryptocurrencies as it does not support deposit of cash for cryptocurrencies. It is regarded as a safe and clean to use cryptocurrency exchange by the crypto enthusiasts. Nominal trading fee and faster processing of transactions are the pros of Changelly.

Koinex

Based in India Koinex is a cryptocurrency exchange platform where you can easily buy Bitcoins. The buyer, seller and the market influence the rate of cryptocurrencies in Koinex. Koinex is still in its developing phase and experts predict that this cryptocurrency exchange has a bright future as it supports Litecoin, Ripple and Ethereum. Koinex charges 0.4% for a small transaction which is higher than the transaction fee of its counterparts.

Conclusion

While many countries have legalised the use of cryptocurrencies, there are a few countries that have banned cryptocurrencies. However, in India, the popularity of Bitcoins are on the rising end. Consider the changes in the crypto market before you invest in Bitcoins.

Disclaimer. This press release is paid and provided by a third-party source. This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.

Show comments(0 comments)