Buy Crypto & Bitcoin in India

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  • Popular Exchanges to Buy Crypto & Bitcoin in India
  • WazirX
    • Crypto exchange based in India
    • Deposit INR with IMPS & UPI
    • Low fees and many coins
    BUY NOW at WazirX's Secure Site
  • CEX.io
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013
    BUY NOW at CEX's Secure Site

WazirXWazirX
Buy Now at WazirX's Secure Site

WazirX is a new Bitcoin and cryptocurrency exchange in India. It's operated by Binance, one of the largest crypto exchanges in the world.

Pros
  • Very nice trading interface and easy to use
  • Backed by Binance
  • Low 0.2% fees
Cons
  • Has orderbook so somewhat hard to use for new users
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

CoinmamaCoinmama
Buy Now at Coinmama's Secure Site

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Now Read Review

Buy Now at Paybis's Secure Site

Paybis is a popular & cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at Unocoin's Secure Site

Unocoin is India's leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS.

Pros
  • Regulated company in India
  • Backed by investors in the United States
  • Low 1% fee, reduced to 0.7% with sufficient trading volume
Cons
  • Offers a Bitcoin wallet that should not be used to store bitcoins
  • Requires ID verification, so not private
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
limits icon
Limits
High
Buy Now

AirtmAirtm
Buy Now at Airtm's Secure Site

Airtm offers a peer community. You can buy and sell dollars or crypto in exchange for other forms of value. The platform provides trust and transparency by authenticating users and establishing a higher degree of identity validation to the peers who facilitate the transactions. Airtm provides an escrow system, so that value exchanges are fair and are completed as agreed.

Pros
  • Many payment methods available
  • Low fees for South American countries
Cons
  • Not private since identity verification is required
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin ATMs's Secure Site

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Now

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Bitcoin & Cryptocurrency Trading in India


The Indian economy is the 5th largest in the world. GDP is largely derived from pharmaceutical, IT services, tourism, textiles, telecommunication, and automobiles. India ranks second in the world in coal processing and cement and steel production.

In 2019, the Supreme Court of India demanded the Indian government to set a regulatory framework regarding cryptocurrencies. Until that is complete, Bitcoin is not recognized as a form of payment by any state authority. That said, those deriving income from Bitcoin can expect to pay taxes on it since the Indian laws regulates the taxation of any type of income.


New Delhi - the capital of India

If you want to acquire Bitcoin in India, one of the easiest ways is to buy through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in India, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

Another way to buy Bitcoins in India is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can locate Bitcoin ATMs in India using our Bitcoin ATM Map.


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Top Bitcoin & Cryptocurrency Exchanges in India


India has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in India
  • WazirX
    • Crypto exchange based in India
    • Deposit INR with IMPS & UPI
    • Low fees and many coins
  • CEX.io
    • Support for many countries and regions
    • SEPA & credit card supported
    • Trusted exchange around since 2013

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Best Bitcoin Wallets for India



There are three main types of Bitcoin wallet and all of them are supported in India:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Exchange Hacks and Crypto Scams in India


Indian Bitcoin Exchange gets hacked

In 2018, the cryptocurrency exchage Coinsecure was hacked, losing $3.5 Million worth of Bitcoin. It is beleived that the hack was the work of insiders, among them the Chief Security Officer. The allegations were based on the fact that this official was the only person who had the private keys to the exchange’s main wallet.‎



The hack took place a few days after the Central Bank of India banned banks from dealing with cryptocurrency exchanges, so there was a clear motive to drain the funds instead of return them to customers and shut the doors.


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FAQ


Does Coinbase work in India?

Coinbase ONLY allows crypto-to-crypto conversions for India residents as of January of 2021.

Where Can I Find a Bitcoin ATM in India?

India offers only one Bitcoin ATM. You can find it in the Garage Society in Gurugram.

Use our Bitcoin ATM finder tool to get more info on that ATM.

What is the price of Bitcoin in India?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in India?

Any exchange with a Indian rupee trading pair will allow you to sell your Bitcoin for fiat currency. WazirX has INR trading pairs for many popular coins.

Another way to sell Bitcoins in India is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. You can locate Bitcoin ATMs in India using our Bitcoin ATM Map.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.