buy bitcoin in india

7 simplest steps to buy bitcoin in India in 2020

India the country full of diversity was not a good place for Bitcoin and Cryptocurrency. The Indian government was in no mood of using cryptocurrency. But now great news has finally arrived.

We will teach you to buy bitcoin in India instantly with INR and yes we have a cool bonus for you.

Historic Day for India

Yes, 4th March 2020 is the historic day for India. The Indian government has finally lifted the blanket ban.

India’s central bank, RBI, had imposed a blanket ban on banks’ dealings with crypto businesses back in April 2018, which came into effect in July of that year.

The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms. 

The court’s bench of Justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian, delivered the judgment earlier today, March 4, litigation news site Live Law reported.

How to buy Bitcoin in India

As bitcoin blanket ban is lifted now it is easy to buy bitcoin in India. So let’s see the simple steps to buy Bitcoin. But first, look at things you need to buy bitcoin.

Things Needed to Buy Bitcoin in India

In order to buy bitcoins, you need to have the following things:

  • A Digital Wallet: You need to have a Cryptocurrency wallet in order to store your wallet.
  • Personal Documents: You need to verify your identity in order to buy any cryptocurrencies.
  • Secure Internet Connection: As you are investing your money you need to have secured connection. Don’t use any wifi to buy any cryptocurrencies.
  • Bank account, Credit card or Debit card: You need to have either one of the following in order to buy bitcoin.

Steps to Buy Bitcoin in India easily and Instantly

There are many platforms to buy bitcoin. We will use the most popular bitcoin exchange in India i.e. Wazirx

  • Signup to WazirX from here. Afterward login to your account.
    Wazirx
    Wazirx
  • Now click on your profile icon and go to account settings.
    Wazirx Account Setting
    Wazirx Account Setting
  • Verify the KYC using your personal documents. It is necessary to withdraw your profits.
    Verify KYC in Wazirx
    Verify KYC in Wazirx
  • Click on P2P on the left top bar.
    Wazirx P2P
    Wazirx P2P
  • As WazirX is currently not a direct bank transfer you need to buy USDT (Same as USD) with INR. Don’t worry soon there will be an option for direct bank transfer. We will update you, subscribe to get the notification. So now enter the amount of USDT you want to buy and place the order.
    Buy USDT using Wazirx
    Buy USDT using Wazirx
  • Click on the Exchange tab on the left top bar.
    Wazir Exchange
    Wazir Exchange
  • Now enter the amount of bitcoin you want to buy and place the order.
    Buy Bitcoin using Wazirx
    Buy Bitcoin using Wazirx

Congrats you have done one of the profitable thing today i.e. buying Bitcoin.

Safety Measures While buying Bitcoin

You can easily fall into a scam and can lose all your money if you didn’t follow these simple steps.

  1. Visit the genuine website only while creating your wallet and registering for a cryptocurrency exchange. Check the URL of the website to confirm you are in the correct place.
  2. While creating an account have a very strong password. Always combine letters, numbers and special characters in your passwords.
  3. Avoid using any Wifi.
  4. Enable 2FA in the wallet and cryptocurrency exchange if it is available to ensure more security.
  5. Don’t save your credit or debit cards on any websites.
  6. Invest the money that you can afford to lose.

Bonus

Bonus
Bonus

I know you were waiting for the bonus. So here is the bonus.

Get 10% when you buy Bitcoin for first time.

Gift from Wiki Crypto

Yes, you will get 10% when you buy bitcoin for the first time. But wait you have to follow some rules.

  • Signup to Wazirx from here only.
  • You must have completed your KYC.
  • Multiple signups are disqualified.
  • Send the screenshot of the bitcoin you bought for the first time to support@wikicrypto.in
  • Send you PAYTM, Google Pay or Phonepe account id to our Gmail id.
  • We will verify and send you 10% in form of INR through PAYTM, Google Pay or Phonepe within 7-14 days.

About the author

Wikicrypto45

I am Vijay Dangi, a Cryptocurrency, and Blockchain enthusiastic from India. I became interested in Cryptocurrency and Blockchain Technology in 2017 when I came across the powerful security of blockchain while browsing Youtube. I was very inspired and keen to invest in Bitcoin at the same time. But rules and regulations in India didn't allow me to do that. So I started a blog to follow my passion for Cryptocurrency and Blockchain Technology.

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