How to buy Cryptocurrencies in India?
**Note – It’s unofficial to buy Cryptocurrencies in India now.
Bitcoin is the buzz word these days which reached to fame when it gave multifold returns last year.
From 1000 odd USD to 19200 USD and now at 11200 USD levels. The chart below will explain you the roller coaster ride.
So do you have a big wallet to invest in these currencies? Well, you sure can but remember to take the calculated risk at all times. Invest that much amount how much you can afford to lose.
The point is how can you invest in India?
There are several online exchanges which will help you buy and sell bitcoin and other cryptocurrencies also known as Altcoins.
There are a lot of exchanges which help you buy coins in INR but we would be listing just a few major once.
Koinex – This is a Mumbai based online exchange which can help you buy Bitcoins, Ethereum, Ripple and a few more. This is my personal favorite because the buy and sell spread is less comparatively.
It has a mobile app and also a website where you can trade from.
Zebpay – Zebpay is quite popular among masses. It was probably among the first crypto exchanges in India.
It has several coins which are listed there – bitcoin, litecoin, ripple, ethereum, etc
It has a mobile app too with over 3 millions users, that’s huge!
I liked the initiative they have started on youtube of educating people about these currencies.
Unocoin – Unicoin claims to be the largest bitcoin company in India.
It only deals in bitcoin.
But I found the bid and ask spread is very huge so I wouldn’t recommend this.
Binance – Now this is an international exchange and you can’t deposit and withdraw in INR but you deposit bitcoin to buy various altcoins.
You can deposit and withdraw bitcoins from and to any exchanges which I listed above.
The major benefit of Binance is that it has huge volumes and availability of maximum altcoins.
If you ask me which is the best exchange I would say Koinex and Binance.