How To Buy Bitcoin in India?[2024]

Bitcoin, around 14 years, has broken records consistently, earning titles like the best-performing asset over the last decade and the top-performing asset in 2024. Its remarkable growth since 2009 has attracted many investors to the cryptocurrency market, prompting numerous individuals to venture into crypto by investing in Bitcoin. 

That's why we've put together this blog to provide all the necessary information on how to buy Bitcoin in India, step by step.

But before diving into the details, let's start by understanding what Bitcoin (BTC) is.

What is bitcoin:

Bitcoin, devised in 2008 by the anonymous developer Satoshi Nakamoto, is the original cryptocurrency, operating on a decentralized blockchain system. It's a digital currency, existing solely in digital form, unlike traditional money or gold. 

Unlike fiat currencies regulated by central banks, Bitcoin operates without a single controlling authority like a government or bank. Transactions are recorded on a public ledger called the blockchain, and Bitcoin's supply is capped at 21 million, ensuring scarcity.

Here's how to buy Bitcoin in India in just three steps:

1. Choose the Best Cryptocurrency Exchange Platform.
2. Create your account.
3. Place an order to buy Bitcoin.

Now, let's discuss the specifics of each step.

Choose the Best Cryptocurrency Exchange Platform

Choosing the Best cryptocurrency exchange Platform is crucial when buying Bitcoin, prioritizing simplicity, reliability, transparent fee structures, security, and customer support.

 Koinpark, Global Cryptocurrency Exchange meets these criteria, offering an intuitive interface, personalized support, competitive fees, and user-friendly features, making it the top choice for buying Bitcoin in India.

Create your account

1. Visit the Koinpark website or download the Koinpark, crypto trading app from your app store.
2. Input your email and password, provide the necessary details, and complete the KYC process.
3. Follow the instructions to confirm your email address and finish registering.
4. After your email is verified, log in using your credentials.
5. You're now ready to start trading on Koinpark!

Place an order to buy Bitcoin

1. Log in to your Koinpark account.
2. Select the option to buy Bitcoin. 
3. Choose the order you want to place
4. Enter the amount of Bitcoin you want to purchase or the amount of INR you want to spend.
5. Check the order details and then proceed to confirm the purchase.
6. Once confirmed, your order will be processed, and you'll soon own Bitcoin in your Koinpark Wallet.

Conclusion

Bitcoin is Popular for investment due to its rapid growth. However, when purchasing Bitcoin in India, it's essential to use reputable cryptocurrency exchanges that comply with government regulations for verifying customers' identities. Koinpark meets these expectations for buying Bitcoin in India. The optimal choice depends on your desired Bitcoin quantity and personal preferences.