Bitcoin India™ Software Services Pvt. Ltd. is the one-and-only startup from India providing these types of products and services under one umbrella, the types of tools that every person requires in the crypto space, such as a full-stack digital asset exchange and trade platform, digital asset wallet services, a merchant payment gateway, club membership, mining services and a mining pool. Bitcoin is not legal in India. In , India’s central bank, the Reserve Bank of India (RBI) announced a ban on the sale or purchase of cryptocurrency for entities regulated by RBI. The RBI ban has also discouraged the overall cryptocurrency market in India, since crypto assets have been accused of financing illegitimate activities. Unocoin is India's leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS.
Bitcoin sell indiaBitcoin in India: Live INR Price, Best Exchanges, Taxes, and History
Before jumping into this page, an important disclosure. Don't have a wallet? WazirX is a new Bitcoin and cryptocurrency exchange in India. It's operated by Binance, one of the largest crypto exchanges in the world.
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama. We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms. This is one of the most popular ways to sell Bitcoins in India. Rather than selling it on an exchange where the money will come to your bank account, rather sell it to someone in person. Since Bitcoin is people money, you can help someone understand how it works and help them get started.
If you have bandwidth and time to do this, you can sell Bitcoins for cash and at the same time help others learn about this disrupting alternate financial method. This is a must-have for any Indian looking to trade in Bitcoin. This makes it easy for anyone to find the best website to sell Bitcoins in India.
Scroll down the homepage to see arbitrage opportunities. You can read about them in detail over here. In the next couple of years, Bitcoin is going to be very exciting for everyone who is interested in digital currency. Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra.
He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. I want to know more about how to earn bitcoin, is there any job for earning bitcoin.
I saw there are many bitcoin websites are scam, and not paying even 1 satoshi at all, even i did their work. Sir, is you have any website name that pays me bitcoin for work. I know there are affiliate marketing is also available for earning descent money. But sir, there are no one present in my account or fb friend list to buy their hosting or anything from amazon, etc.
Can you help me sir Please. I have one confusion about bitcoin that , if we buy bitcoin from one website then can we sell that bitcoin to another website which gives higher price? I recently came across a situation in Unocoin wallet, where my bitcoin purchase was reversed by them, stating that it was a server error. I purchased X number of BTC from them which got credited in my account right away, and within few hours they removed the BTCs from my wallet and cancelled the invoice.
What are your thoughts? You are right on the part of Bitcoin transactions are irreversible. So they can do that. Is it true that most, if not all Bitcoin exchanges in India require you to be an Indian citizen in order to join their exchange and to buy and sell with them? Thank you. Kite Most of them. I believe few of them like WazirX now accepts users from outside India. Hello, thanks for the article. I wanted to know how to buy bitcoins in dollars for a resident indian, what requirements will be needed to be fullfilled.
Like what kind of bank account, how to transfer funds, where to purchase the bitcoins, how much time does this process takes sending dollars and buying bitcoins and how much time it takes to get those bitcoins to our indian exchange. It is very informative article but biginners, please say about buying from one site and selling on other eg: Sell bits bought at unocoin, at zebpay.
Satheesh You can do that but the problem is price fluctuates a lot. Bitcoin Daily is delivered to your inbox each morning, we find the top 3 stories and offer our expert analysis. Not convinced? Check out our latest newsletter. It has also been looking into encouraging blockchain technology in financial and payment institutions.
But the government has shunned cryptocurrency with policymakers opting to outlaw cryptocurrency with incarceration and legal petitions. Bitcoin is not recognized as legal tender and, as of 23 July , the Banning of Cryptocurrency and Regulation of Official Digital Currency Bill has been proposed.
Unocoin, an India-based exchange, allowed individuals to trade Bitcoins but is now disabled. Many bitcoin traders usually buy through diaspora networks in countries where it is legal tender. Bitcoin is not legal in India. The RBI ban has also discouraged the overall cryptocurrency market in India, since crypto assets have been accused of financing illegitimate activities. The downward trend in cryptocurrency trading in India is mostly due to increased government regulations.
However, this does not stop people from trading. Two ways in which many Indians trade are: 1 Exchanges and 2 P2P methods. Both these steps follow the KYC norms and usually require documents like Pan card, Aadhaar card or passports.
Since banking institutions have banned cryptocurrency trading in India, popular exchanges like ZebPay have had to shut down. Nevertheless, the following top exchanges are still currently used in India:.
Unocoin was founded in and is the leading bitcoin exchange in India. It is a relatively easy exchange platform, allowing users to buy cryptocurrency with any Indian bank account. However, with the banning proposal at hand, things might get challenging for Unocoin. WazirX follows the KYC norms, has a mobile application for both Android and iOS users and also claims to provide multiple hundred transactions per second.
Outside of exchanges, P2P trading platforms enable bitcoin purchases in India, in spite of the bank bans. Two important P2P marketplaces in India are:. Paxful is a peer to peer marketplace founded in that allows buyers and sellers to meet online and trade directly Bitcoin with each other.