Hi Guys, now we will tell you how to buy Bitcoin in India.Bitcoin is a buzzing word to normal people who are hearing and reading this daily and many of you might be thinking to Investing Bitcoin in India. But do you know How to do that ????
Now we are going to guide you with step by step process to how to get registered in Indian Exchange who are supporting Bitcoin and you can easily Buy/Sell your Bitcoins and earn a good profit by doing daily trading from it with all other ALT coins too.
Before we proceed further if you would have invested 1btc on 01 Jan 2017 then currently its worth Rs 10 Lakhs INR.What a huge profit isn't. But remember it is too volatile market So always proceed with caution.
In India, There are Few Big Exchanges who are offering bitcoin for buying and selling like Zebapay, Koinex, Coinsequre etc.You can start bitcoin trading once your KYC is verified,now you are able to fund your trading account to trade Bitcoin Via NEFT, IMPS or Net Banking after that you can easily buy Bitcoin at market rate and you can sell it when price goes up or down to make profit and return your traded balance to your Bank account .
In this Bitcoin (BTC) guiding post we focus only to guide you how to Buy Bitcoin in India only.For detail technology about BTC, we will discuss it in another Post. So, for now, Let’s Jump to Process to buy/Sell Bitcoin in India.
Documents Needed To Buy Bitcoin In India :
- Identity Proof (Pan card, Driving License, Aadhar Card, Identity Card)
- Adress Proof ( driving License, Aadhar Card, Identity Card)
Hope You have both the two Documents Ready. Now we are going to select India’s popular exchange Zebpay to let you know step by step Process to open an account and start Bitcoin (BTC) by using selling.There are many exchanges to do that But we select Zebpay because it is easy to use and user-friendly and customer supporting too.
How To Open Account On Zebpay to Buy Sell Bitcoin in India :
- First of all Install Zebpay Android app : [ Download Zebpay App From Here ]
- Open the App To start Creating Account on it .
- Here enter Your Mobile Number and Hit Accept & Continue Button.
- Now Verify Your Mobile with OTP.
- Next Setup Account Pin and Thumb Auth if it asks for extra Layer Security measure.
- Now enter Your Full name which on your Documents mention and email Id too.
- Now Your Account is Open and From Here you have To Do KYC Process.
- Here Enter PAN Card Number and upload it's front side of gallery or snap the image.
- If it asks Bank details then submit your Own Bank account only not others.
- Bingo! You have Successfully Registered on Zebpay and Done KYC process.
- Now, wait for 2 to 3 Days to Manual KYC Verification by Zebpay.
- As KYC Verification Done you Receive mail and You are ready to start to Buy and sell Your Favourite Bitcoin.
So Guys, Hope You are able to register Yourself On Zebpay and Completed KYC successfully.So Now you are ready to Rock with Surprise.
Yes! Surprise is that Zebpay is offering worth of Rs 100 extra Bitcoins on your First trade it means If you Buy Bitcoin worth of Rs 1000 then You get Bitcoin worth of Rs 1100 instantly.
Interesting na ? Ya I know So let's Hop how To Fund your account and start trading Bitcoin with Rs 100 Joining Bonus.
Want to know How Bitcoin work: Check Out BlockChain Technology on Which Bitcoin works
Steps To Fund Zebpay Account to Buy BitCoin instantly on Zebpay :
- On Zebpay Home screen You will see Current Bitcoin Buy Sell Price.
- Now Go to right Side top where three Parallel Lines.
- Here You see zebpay app menu >>Free bitcoin.
- Now Here in entering Promo Code section Put: REF01033917 And Hit Verify button to receive Rs 100 extra bitcoin on first buy sell.
- Now Come on Home Screen again to Fund your account.
- Here Click Deposit Button ,Now select Payment Medium from which you add money in your Zebpay account.
- Now enter the amount which You want to add and Click Verify Button.
- Now you see Payment Instructions Follow it and make the payment.
- After making Payment it will add to your Zebpay account you can see it on Zebpay home screen.
- For Buying Bitcoin click on Buy icon>>Now enter amount which you want to convert in bank account.
- After entering amount hit Buy icon > You will see the amount of BTC which you get.
- Now authorize Via Pin or thumb Impression.
- Bingo! You have Bought Bitcoin successfully at current market rate.
How To Sell Bitcoin and Transfer Balance to Back To Bank :
- To sell Your Bitcoin Hit Sell Icon on Home screen.
- Here enter Your BTC which You have and Hit Sell button.
- Now Authorize it via PIN or thumb to sail.
- Bingo! You have Sold your Bitcoin and Balance is showing on zebpay Home screen.
- To transfer it to your Bank account Hit Withdraw Button.
- Enter the amount which You want to send in your Bank account.
- Hit withdraw Button to authorize and make the withdraw.
- Congrats! The Balance is successfully transferred to your bank account which you added during Registration.
Some Common Question and Answer about Zebpay [FAQ's]
- Where does Zebpay get Bitcoin from?
Any Indian Cryptocurrency providers charge around 10% higher than the current world rates because they would have already procured a lot of their Bitcoins from various other world exchanges but when they withdraw they have to pay vary high mining charges. But then that amount is transferred to your wallet directly.
- Why Price is High in Indian Exchange?
They also pay GST and the INR to USD exchange rates and so do you. So they buy from other Crypto exchanges.
- Can they Charge Fees to Buy /sell of Bitcoins?
Yes They charge 2* % on amount which you load during fund your zeboay account .At the time of withdrawing they charge Rs 10 Only .
- Can we Send/Recive Bitcoins from other exchange
Yes you can Send / Recive Bitcoin from any where in to Zebpay But Remember network fees cut from your sending receiving amount which is standard charge by Blockchain.
Author Conclusion :
So Guys Hope you easily Understand the whole process of how to Buy bitcoin in India easily. I had tried to best way to explain whole steps if you have still any Doubt ask us in comment we will help you to understand whole system and more detail guide about bitcoin coming soon