Best Sites To Buy Bitcoin In India 2020

Bitcoin is a peer to peer currency without any central entity looking after it. Even after the Supreme Court of India decided to allow cryptocurrency business to function normally, things have still not picked up the pace mainly because of clouds of uncertainty over the future of cryptocurrency in India. Many people fear that the government will again react harshly. Last time the government responded by banning banks working with cryptocurrency trading firms & froze bank accounts of users who transacted it. However, the dust has settled for now & many startups are slowing coming up the rank. Blockchain is revolutionary in many fronts & India with a massive population & ground-level problems; blockchain just might be the solution it was looking for. Considering there are hardly any well-organized sectors some of them area banking, land records, remittance, etc. While many banks doomed with people lifetime’s of savings & fake land records have posed problems in working. All the sectors that require a third party surveillance can be made efficient with blockchain which even though is trustless is more efficient than the traditional method. Bitcoin is already proven effective in the financial system & it is growing & growing fast. Many countries are now jumping into Bitcoin wagon & it is a matter of when not how this will be gold in the coming years. So, not buying bitcoin at this time will be the biggest mistake anyone can make. Below are some of the sites that allow buying Bitcoin in India.

So, don’t wait for your financial freedom & jump into this bandwagon. Buying Bitcoin is always a risky affair, so user discretion is required.

One of the best apps available to buy Bitcoin in India. Led by a wonderful team of young people this startup found an innovative solution of P2P money transfer to buy Bitcoin throughout the ban. An easy to enroll process & great customer support makes this a good bet. You can download WazirX app from the google play store & AppStore. Only start-up in India to be funded by Binance. Because of high regard from global leaders in this field. Wazirx is one of the best places to buy bitcoin in India.

Zebay was leading the market in cryptocurrency which was halted by the ban & that lead to the closing of this exchange in the Indian market. However, even after the close of operations, their customer care was supporting & solved the queries of the customers, which I felt was their ethics. One of the great app to buy bitcoin in India.

Unocoin just like wazirx was able to stay afloat during the ban & now have come stronger. Unocoin has a strong core team & time & again it gives great offers to attract users.

Local Bitcoin allows you to buy from local sellers. The price of 1 bitcoin on this platform is usually on the higher side if compared to other exchanges. However, as this is a peer to peer service you will have to keep your bitcoins by yourself as this platform will not provide any wallet to store your bitcoins.

One of the best exchanges in the world. However, lately, they have come under a lot of criticism for helping SEC to get data on US citizens that are dealing in cryptocurrency & also for the crashing of the website when the price of Bitcoin hit 10,000 USD. Still, it is one of the safest options available & also exchange has some of the lesser-known coins that can be traded. However, the transaction fee is one thing that you should have a close eye on to.

Binance is one exchange that is gaining ground for altcoins. People are jumping to Binance to buy different cryptocurrencies with USD, EUR, etc. Recently Binance started staking platforms for some cryptos which means you will get some annual return for keeping those coins on the platform, a real passive income possibility.

Kucoin is not as big as Binance but is still useful in trading cryptos. As not all cryptos are traded on each platform & most of the altcoins start with few paisas & reach to few hundred bucks if flourish. So, finding real gem early & holding them is the key. Kucoin also has an option of staking. So, another opportunity to earn some passive incomes.

These are the sites where you can buy Bitcoin in India. You need to link your bank account with the exchanges & buy the Bitcoin . This will be as easy as it will ever get. At present, the price of 1 Bitcoin is around Rs 7 Lacs. But, you don’t have to buy the whole lot, you can buy it for as low as Rs 1000.

PS: Some people have predicted that the Bitcoin price will reach 1,00,000 USD in the next couple of years. So, buying at this time is not late enough yet. But, invest at your own risk & only invest those amount that you are willing to lose. Till the time allows,don’t waste & use these sites to buy bitcoin in India in the year 2020.

Before signing off. There are lots of dark clouds around cryptocurrency in India. Many people wonder if cryptocurrency is legal in India? As mentioned in the above lines, trading in cryptocurrency was considered as an illegal activity just a few months back. However, after fighting a long battle in the Supreme court of India. The verdicts came in the favor of crypto enthusiasts & there was no looking back. At the present moment, trading cryptocurrency is not illegal in India & all the platforms that are offering cryptocurrency trading firms are proof of that. The booming market of India is in the limelight & as per the recent articles, the P2P market in India is tripled. That is huge news for the Indian ecosystem. As it shows people are finally opening up to this technology. Like the world, India also doesn’t want to stay behind the curve. So, this has poured a lot of crowd to this unchartered space, after the supreme court favorable decision.

The exchanges mentioned above are some of the best exchanges at the present to buy, sell & trade thousands of cryptocurrencies in India. Some of the projects are really important & can change the world. There are many cryptocurrency scams on youtube, Facebook & Instagram. So, it is highly recommended to research before investing in the cryptocurrencies in India. There is a huge upside to the gains, however at the same time, there are huge losses. So, doing thorough research is a must in this industry. Many people fall to scam for quick gains. But, this is not the way to go. Like stock markets, this game is also risky & you can lose almost 99% of your wealth if you are not aware of the fundamentals. Bitcoin is one of the most trusted & most valued cryptocurrency of the world. Almost all the fund managers have advised holding some portion of bitcoin as a hedge against all the other assets used in the trading. Bitcoin is certainly one asset, that you should be aware of & own. However, there are plenty of other fishes in the ocean. So, you can choose them & buy from the above exchanges based on your interests & capacity.