5 Ways to Purchase Crypto Currency in India

The Indian cryptocurrency and blockchain market is still in the nascent stages, but it has seen major developments over the past year. There are a number of exchanges that allow traders to purchase crypto currency in India, but not all of them are created equal. For those just getting started with buying crypto currency in India, here are some ways to purchase your first cryptocurrecy.

Purchasing Crypto Currency in India

Cryptocurrency exchanges allow you to trade one currency for another. They differ from traditional forex brokers in that you can use them to buy and sell cryptocurrency on the spot or in the future.

In India, crypto-exchanges are not regulated by SEBI (The Securities and Exchange Board of India). This means that transactions on these exchanges are not protected by investor protection schemes like the Investor Education and Protection Fund (IPF) or the Investor Protection Fund (IPF). To get started with purchasing cryptocurrencies in India, you can find a variety of different exchanges which sell bitcoins.

List of Indian Crypto Exchanges:

- Bitxoxo

- Unocoin

- Coinsecure

- Zebpay

- Coindelta

Buying Bitcoin in India

Bitcoin is the world’s most popular cryptocurrency, and it is often the first cryptocurrency that traders purchase. Bitcoin can be purchased with a debit or credit card on any of the exchanges mentioned above. Bitcoin also has a large number of Indian users, so it may be easier to find sellers than other altcoins.

The most popular exchange used to purchase bitcoin in India is Zebpay. By linking your bank account with your bitcoin wallet, you can easily buy and sell bitcoin for INR. There are no fees when exchanging from INR to bitcoin, but an additional fee will be charged when exchanging from bitcoin to INR.

Trading Ethereum in India

There are many methods of purchasing crypto currency in India. One popular method is trading Ethereum. Ethereum can be traded at a number of exchanges like Koinex and Zebpay. There is also an option to buy and sell Bitcoin in India. Bitcoin can be purchased at exchanges like Unocoin, Coinsecure, and Zebpay. These exchanges allow you to buy and sell Bitcoin as well as other cryptocurrencies like Ripple, Litecoin, and Ethereum Classic. You can also trade Bitcoin or Ethereum on these exchanges for Indian Rupees (INR).

Another way to get started with crypto currency in India is by using an ATM card. This ATM card will allow the user to withdraw money from the card when it’s linked to a credit card that supports crypto currencies. There are currently more than 50 ATMs across India that have been set up by various companies. Some of these companies allow you to use their app or website to purchase digital currency before loading your ATM card with it. Users can also use their debit cards at these ATMs to purchase ERC-20 tokens on mobile applications such as MyEtherWallet App or Jaxx Wallet App>>

Mining Cryptocurrency in India

The first way to purchase crypto currency in India is by mining it. If you want to mine cryptocurrency, then you would need to research the best GPUs for mining and then get your hands on a GPU that fits into your budget. You would also need to buy a power supply unit and a motherboard that can be used for mining. Mining is one of the most expensive ways of purchasing crypto currency in India, but it has the potential to bring in the largest profits.

Conclusion

India is the second largest population in the world. India’s cryptocurrency market is at a nascent stage with limited participation from retail investors, but it is quickly gaining momentum and visibility. India also has a bullish outlook on Bitcoin, with the Indian Finance Minister Arun Jaitley stating that the country will take a wait-and-see approach to regulating cryptocurrencies, and that he personally believes Bitcoin is not a legal tender.