How To Buy Bitcoin(BTC) in India(IND) in 3 Easy Steps

How To Buy Bitcoin(BTC) in India(IND) in 3 Easy Steps
5 min read

Table Of Contents:

  • What is Bitcoin?
  • How To Buy Bitcoin in India in 3 Easy Steps
  • 5 Reasons Why You Should Invest in Bitcoin
  • Can I Buy it for Rs 100?
  • You have the option to purchase Bitcoin for as little as INR 100. That’s True
  • Why is Bitcoin the No.1 Choice in India in 2024?
  • Important Considerations Before Purchasing Bitcoin in India
  • Selecting a Reliable Bitcoin Exchange in India with a guidance

What is Bitcoin?

Introduced by the enigmatic Satoshi Nakamoto in 2009, Bitcoin is the inaugural cryptocurrency. Bitcoin is a decentralized digital currency that enables transactions without intermediaries like banks. It functions as a medium of exchange, serving as a digital currency and a digital store of value or as an alternative investment. In conjunction, 'koinpark' has emerged as a trusted cryptocurrency exchange platform. Notably, 'koinpark' is registered at FIU, solidifying its commitment to regulatory compliance and user security.

How to Buy Bitcoin in India in 5 Easy Steps?

Here are some straightforward steps you can take to buy BTC tokens in India using koinpark, the country's most trusted and widely utilized cryptocurrency exchange.

Step 1 – Sign-Up & Set up your account on the koinpark platform

  • To establish an account on the koinpark platform, you can either sign up if you are a new user or log in directly if you already have an existing account on the platform.
  • Once you complete the registration process on the koinpark platform, a verification link will be sent to your registered email.

Step 2 – Complete the KYC process & Add funds to your koinpark wallet

  • Once you have selected your country, you can move forward with completing the KYC process on koinpark.
  • To deposit funds, navigate to your account on the koinpark app or website. Click on "Funds'' and then select "Deposit INR."

Step 3 – Finally, buy BTC on koinpark

  • You can buy BTC tokens easily using INR deposits. 
  • Once logging into your koinpark account, select INR from the "Exchange" tab. On the right side of the screen, you can review price charts, order book data, and find an order input form.
  • After entering the amount and confirming the total INR to be paid, click on "Buy."
  • Your order will be executed based on the price you have specified.

5 Reasons Why You Should Invest in Bitcoin

  • Potential for High Returns: Bitcoin has showcased the possibility of significant price appreciation in previous instances, enticing investors in search of substantial returns.
  • Decentralization: Bitcoin operates on a decentralized network, a feature highly valued by those prioritizing financial independence.
  • Global Accessibility: Bitcoin can be accessed and transacted worldwide with an internet connection.
  • Liquidity: Bitcoin boasts a sizable and dynamic market with substantial trading volume, contributing to its high liquidity. This increased liquidity simplifies the process of buying, selling, or trading Bitcoin in comparison to certain other cryptocurrencies.
  • Security: The security of Bitcoin's underlying technology, blockchain, is attributed to its decentralized nature and cryptographic features.

Can I Buy it for Rs 100?

Answer: YES, You can buy Bitcoin for as little as Rs 100. Additionally, you have the option to utilize Koinpark's QuickBuy feature on the app version. Begin your investment journey with Koinpark today!

You have the option to purchase Bitcoin for as little as INR 100. That’s True

  • Once registered, users can deposit funds into their wallets and use this balance to buy Bitcoins. 
  • In India, investors have the option to buy Bitcoin using Indian Rupees, with a minimum capital requirement of Rs. 100. 
  • However, engaging in Bitcoin trading is just one facet; it is equally crucial to securely store the acquired Bitcoins after the transaction.

Why is Bitcoin the No.1 Choice in India in 2024?

  • Fascinatingly, Bitcoin reached an unprecedented peak of over $68,000 in November 2021, hinting at the possibility of reaching new highs in the years to come!
  • This has provided investors with a favorable position, allowing them to acquire more Bitcoins with a lower amount of capital.
  • Bitcoin was designed as a deflationary asset, with its supply limited to 21 million. Almost 19 million are presently in circulation.

Important Considerations Before Purchasing Bitcoin in India

  • Similar to stock markets, cryptocurrency markets are characterized by frequent price fluctuations.
  • Conduct thorough research before initiating any new investment.
  • Before investing, the user needs to track changes in prices closely.

Selecting a Reliable Bitcoin Exchange in India with a guidance:

  • Conducting comprehensive research is crucial when utilizing a crypto exchange for investment or cryptocurrency trading in India.
  • Before selecting an exchange for Bitcoin investment in India, it's imperative to research the platform's legitimacy and the credibility of the team behind it.

Before investing in Bitcoin, it's advisable to confirm that the platform offers the following:

  • The website or app of the exchange features a user-friendly interface, making it simple and easy to navigate.
  • The exchange facilitates trading pairs involving Bitcoin.
  • The exchange utilizes advanced security measures and consistently upgrades them to ensure robust protection. It is advisable to steer clear of exchanges that lack a KYC protocol.
  • The exchange provides competitive trading fees for purchasing crypto in India.

Have a Joyful Trading!!!

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Jhon Thompson 1
Joined: 6 months ago
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