Saturday, June 9, 2018

Where to Buy Bitcoin in India?

If you want to buy and sell Bitcoins in India, you must first select an India Bitcoin exchange and make an account there.

If you haven’t already read our step-by-step guide to investing in Bitcoin, we recommend you give it a read. (How To Buy and Sell Bitcoin in India)

Also, we strongly advise people not to buy Bitcoin in India with cash. Marketplaces, where buyers and sellers meet to exchange their raw Bitcoin with no third-party involved, involves a big risk. The other person might not be fully trustable. And you can end up losing all your asset.

Back to the topic…
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Best Bitcoin Exchanges in India
If you want to get your hands dirty with Bitcoin, you need to do it through an exchange.

So some of the most common questions that may emerge are:
  • How many Bitcoin exchanges are there?
  • Are Bitcoin exchanges regulated?
  • Are Bitcoin exchanges are legal?
  • What Bitcoin exchange has the lowest fees?
  • Which Bitcoin exchange is best in India? 
While a few years back – even a few months back – there were only a handful of such exchanges, they have grown in number in recent time. There are tens of such platforms that are facilitating the buy-sell of this cryptocurrency.

And nearly all of them are claiming to be the best exchange to buy Bitcoin in India—others are calling themselves “leading”.

Now many new enthusiasts who want to buy Bitcoin in Indian rupees are massively confused as to where to actually buy it.

There are so many platforms—and comes with them so many questions. Like mentioned already.

Which one is good, which one charges a high fee, which one can turn up to be a fraud, which one process transactions fast, and more.

Are you too confused on which Indian Bitcoin exchange should you choose?

We’re here to answer!

Here we list 20 Bitcoin exchange in India—platforms where you can buy sell Bitcoins in the country:

(Note: It’s in no particular order.)

15 Popular Bitcoin Exchanges in India

1. Zebpay

Founded in: 2015

Founded by: Sandeep Goenka, Mahin Gupta, and Saurabh Agarwal
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Zebpay Review
Zebpay is one of India’s most popular Bitcoin exchange. In recent times, it has significantly increased and improved its operations.

It’s an app-first platform; meaning you can’t use it to trade on desktops or browsers. Zebpay app is quite appealing and user-friendly, ideal for every beginner.

Making your account looks easy and doesn’t take too much of time. Plus, there are ample of resources available (guides and articles) to help you through just in case if you’re stuck.

However, the biggest complaint against this exchange is its big difference between buying and selling rate.

The high spread makes it quite difficult to trade profitably. This is a perfect platform for long-term investors and not day traders.

Zebpay customer care isn’t very responsive.

PROS:
  • Highly trusted and secured
  • User-friendly
  • Very easy to buy and sell 
  • Quick to register account
  • Zero percent fee on trading
CONS:
  • Big difference between buying/selling prices
  • Customer support not very responsive
  • Have small hidden charges
Zebpay Referral CodeREF94042616 (Get FREE BITCOIN worth of Rs 100 on your first purchase on this exchange using our Zebpay Referral Code.)

Download Zebpay App From App Store Android and iOS.

Opinion: Why I decided to leave Zebpay (and so should you)

2. Koinex

Founded in: 2017

Founded by: Rahul Raj, Rakesh Yadav, and Aditya Nayak
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Koinex Review
It’s a relatively new Bitcoin exchange that has managed to grab everyone’s attention.

Koinex exchange has a user-friendly (but a tad confusing) web platform that offers trading of not just Bitcoin but also other cryptocurrencies, including Litecoin and Ethereum.

It is truly a trading platform with a small difference between and buying and selling prices. The transactions are processed quickly.

There is no official Koinex app available right now.

On the security-end, it looks just as robust with the right infrastructure. Making your account here is quick and convenient.

However, Koinex is still in beta phase. Plus, you won’t find too many resources available for your DIY help. If stuck with something, you’re going to have to rely on its customer support, which is not always very consistent—not at least during rush time.

Koinex support system is quite decent. It has a tiered fee structure that

PROS:
  • Supports multiple currencies 
  • Simple interface (but would take a while to get used to)
  • Easy to buy and sell Bitcoins 
  • Have small spread
  • Decent customer care
CONS:
  • Still in beta phase
  • Not too many helpful resources
  • Koinex Charges up to 0.25 percent per transaction 
Koinex Referral Code- cc3f9d (Get FREE BITCOIN worth of Rs 50 on your first purchase on this exchange using our Koinex Referral Code.)

3. Coinsecure

Founded in: 2014

Founded by: Mohit Kalra and Benson Samuel
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Coinsecure Review
Coinsecure is a well-established market player, very trusted by thousands of Bitcoin traders.

One of the things that the users love about it the most is its small spread. The difference between its buying and selling prices is relatively small. So if you’re planning to day trade, you will definitely find lots of profit-making opportunities on good days.

Coinsecure doesn’t have any “official” mobile application. Its web platform is fairly easy to get used to—however, with congested navigation, many people can find it a bit confusing.

Creating a new account on this exchange is pretty straightforward. However, during the rush period, it could take quite a bit of time till they approve your KYC and open your account.

Coinsecure charges a nominal fee of 0.4 percent on all trades.

PROS:
  • Offers nice, attractive and interactive trading platform
  • Ideal for trading
  • Have a small spread
  • Decent customer support
  • Creating an account is simple
CONS:
  • Coinsecure fees: 0.4 percent on all trades
  • During rush period, it can take a bit to make your account
  • The platform can be confusing for beginners
Coinsecure Referral CodeLbJTUzdvobk4aomMUiS2 (Get FREE BITCOIN worth of Rs 100 on your first purchase on this exchange using our Coinsecure Referral Code.)

4. Unocoin

Founded in: 2013

Founded by: Sathvik Vishwanath, Abhinand Kaseti, and Harish B. V.
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Unocoin Review
Unocoin has been on the scene for quite some time now. And it is a well-reputed name, touting a large user base.

In recent times, the company has been scaling its operation by leaps and bounds. Started with just a web platform, today it also has a nice mobile app to help users buy and sell Bitcoin instantly.

Both the web and mobile platforms are easy to use. Creating an account here could take some time. As for the security of this exchange goes, it is highly safe and secured with a robust infrastructure.

Unocoin customer support is decent.

One of its biggest drawbacks is its big ass spread. You just cannot trade, given the wide difference between buying and selling rate. It’s good if you’re in this game for long-term.

PROS:
  • Highly reputed and reliable
  • High security; accounts are safe
  • Have both web and mobile platforms
  • Easy to buy and sell Bitcoins
  • Decent customer support
CONS:
  • Big difference in buying and selling rate
  • Charges 1 percent fee on every trade
  • Account approval takes some time
Unocoin Referral CodeU731206 (Get FREE BITCOIN worth of Rs 200 on your first purchase on this exchange using our Unocoin Referral Code.)

5. BuyUcoin

Founded in: 2016

Founded by: Atulya Bhatt, Shivam Thakral, and Devesh Agrawal
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BuyUcoin Review
Although BuyUcoin came a bit late to the party when compared to its top competitors, it is India’s first multi-cryptocurrency exchange. So aside from Bitcoin, you can also purchase plenty other altcoins, including Ethereum, Litecoin, Ripple and Bitcoin Cash.

Much like Zebpay, it doesn’t charge any upfront trading fee. (Yes, BuyUcoin fees is zero percent!) But it cuts some amount during the transactions.

There isn’t any official BuyUcoin app for mobile phones, which is quite a bummer. Its web platform is quite appealing and user-friendly. It is well-organized. So you won’t be lost in the interface.

The difference between its buying and selling price remains okay most of the time—not too big, not too small.

Sad thing is, verification of new accounts can take some time here. Plus, BuyUcoin customer care isn’t very responsive as we would hope it to be.

PROS:
  • User-friendly trading platform
  • Supports multiple cryptocurrencies
  • Plenty of helpful resources available
  • Buying/selling Bitcoin quite easy
  • No fee on trading
CONS:
  • Account verification takes time
  • Customer support not great
  • Strict policies that can suspend accounts indefinitely
BuyUcoin Referral Code: buyucoin64495238 (Get FREE BITCOIN worth of Rs 200 on your first purchase on this exchange using our Unocoin Referral Code.)

6. Coinome

Founded in: 2017

Founded by: A subsidiary of Billdesk, (payment gateway), which is founded by Ajay Kaushal, M.N. Srinivasu, and Karthik Ganapathy
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Coinome Review
Coinome is quite new on the scene. Yet it has managed to gain quite a user-base and headlines, thanks, Billdesk, its promoter.

Billdesk is one of the leading payment gateways in India that enjoys high market reputation. So anything with its backing assures to be good enough.

Coinome exchange is a decent platform that offers Bitcoin and Bitcoin cash, with plans to include more cryptocurrencies in the coming days.

The interface is quite attractive and easy-looking. It looks clean, interactive and simple enough. So you won’t have to waste too much of time figuring things out.

One of the best things about this exchange is though is its e-KYC confirmation. Meaning, your new account will be registered and verified instantly with no delays.

On the other hand, Coinome transaction fee of 0.1 percent from makers and 0.3 percent from takers. (It isn’t really much though!)

Sadly, this exchange has been inconsistent in accepting new users. It has been seen that it usually stops new account opening when there’s too much of rush.

PROS:
  • Instant e-KYC confirmation
  • Simple interface, great UX
  • Relatively small spread
  • Supports Bitcoin, as well as Bitcoin Cash
  • Robust infrastructure that offers high security
CONS:
  • Charges a small fee
  • Option to create new account isn’t open all the time
  • Delayed response from customer support

7. Bitxoxo

Founded in: 2016

Founded by: Hesham Rehman and Mohammed Rezwan
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Bitxoxo Review
Admittedly, Bitxoxo isn’t a very renowned Indian Bitcoin exchange. However, with how everything is right now, it will shoot-up in the coming days.

One of its biggest USPs is that it doesn’t charge any trading fee. But like other exchanges, it does cut a slight bit of cake somewhere in the middle of the transaction.

There’s no official Bitxoxo android app available right now. Its web platform is decent—nothing too great or very bad.

The spread usually stays big. So you might want to choose some other name if you’re planning to trade Bitcoins. But for long-term investment, this seems like a good choice. You can rest assured of the good security of your asset.

It also offers other altcoins, including Bitcoin Cash, Ethereum, and Ripple.

With IMPS withdrawal option, you will also find Bitxoxo customer care nice and helpful.

PROS:
  • Instant registration with e-KYC verification facility
  • No upfront trading fee
  • Decent web platform
  • Offer multiple Cryptocurrencies
  • Nice customer support
CONS:
  • Big difference between buying and selling rate
  • No mobile application, which is essential if you’re trading between multiple Cryptocurrencies
  • Can take some time to get used to its interface

8. PocketBits

Founded in: 2016

Founded by: Sohail Merchant
best-bitcoin-exchange-india, indian-bitcoin-exchange, popular-bitcoin-exchanges-in-india, best-exchange-to-buy-bitcoin-in-india, which-bitcoin-exchange-is-best-in-india,
PocketBits Review
Bitcoin and Ethereum are two biggest Cryptocurrencies in the world today. If you want to trade these, PocketBits is a good choice. It supports both.

Registration is instant via e-KYC verification. The exchange doesn’t charge any trading fee, which helps it stay competitive with market leaders. Its relatively smaller spread further helps its case.

One big problem with PocketBits is its web platform. It just doesn’t click well to provide a good experience. At times, it looks a bit cluttered and unorganized. The platform is still in the Beta phase. So hopefully, in the coming days, it will be improved.

There’s no PocketBits app available for mobile right now.

Also, PocketBits isn’t necessarily for the beginners. It targets big institutions and trading professionals.

PROS:
  • Instant registration
  • Small spread
  • Aside from Bitcoin, also offers Ethereum
  • No trading fee
  • Sufficient DIY resources available in case you’re stuck somewhere
CONS:
  • Not for beginners. It admits it’s built for “institutions and trading professionals”
  • Cluttered platform—looks unorganized
  • Insufficient customer support

9. ThroughBit

Founded in: 2016

Founded by: Mohammed Roshan, Abhishek Gopal, and Anandprabhu Rajendran
best-bitcoin-exchange-india, indian-bitcoin-exchange, popular-bitcoin-exchanges-in-india, best-exchange-to-buy-bitcoin-in-india, which-bitcoin-exchange-is-best-in-india,
ThroughBit Review
ThroughBit is another fast-rising platform to buy and sell Bitcoin. One of its biggest appeals is that it also offers Ethereum and Falcon.

Falcon is an intermediary cryptocurrency that is pegged to the Indian Rupee. Indian Rupee Falcon (INRF) ensures you can trade between different digital currencies instantly with minimal interaction with banking channels.

The platform is appealing, interactive and user-friendly. Buying and selling your cryptocurrency is relatively simpler.

ThroughBit customer care is quite good. On the security end, it looks quite decent; haven’t faced any trouble till now whatsoever.

Sadly, it doesn’t have any mobile app. It also charges a transaction fee of 0.9 percent. To that, there isn’t e-KYC confirmation optional available. So you’re going to have to wait for few hours to have your account verified and fully operational.

PROS:
  • Supports Bitcoin, as well as Ethereum
  • Have unique INRFalcon that would reduce banking transaction and fee
  • Simple and straightforward trading platform
  • Easy to and sell Bitcoin even for beginners
  • Good customer support
CONS:
  • Charges a fee of 0.9 percent
  • Hours-long wait before account is verified
  • Big difference in buying and selling rate

These are 9 of the top Bitcoin Exchanges in India with the good user base. But there are few more names – not as reputed and renowned as the above ones – that you can try as well. Here are 6 more Bitcoin exchanges:
best-bitcoin-exchange-india, indian-bitcoin-exchange, popular-bitcoin-exchanges-in-india, best-exchange-to-buy-bitcoin-in-india, which-bitcoin-exchange-is-best-in-india,
Best Bitcoin Exchange in India

10. BtcxIndia

Founded in: 2013

Founded by: Mupparaju Siva Kameswara Rao

11. FlitPay

Founded in: 2017

Founded by: Akash Bansal and Ashish Sangai

12. Coindelta

Founded in: 2017

Founded by: Shubham Yadav, Rajdeep Singh, and Manish K.

13. Belfrics

Founded in: 2014

Founded by: Praveen Kumar

14. CoinSwitch

Founded in: 2017

Founded by: Govind Soni, Vimal Sagar Tiwari, and Ashish Singhal

15. Redipay

Founded in: 2017

Founded by: Subsidiary of IndiWeb Holdings, which is founded by Varun Avasthi and Sunita Avasthi

These are 15 Bitcoin Exchanges in India. Some are more popular, others have a better reputation. Some have good customer support, others have a perfect trading platform.

We’re not going to tell you which is the best Bitcoin exchange in India and which one should you pick. Because at the end, it depends on your individual requirement and budget.

Whichever one you go with, make sure you have understood things properly and you are sure of your decision. After all, Bitcoin investment is a long-term game.
best-bitcoin-exchange-india, indian-bitcoin-exchange, popular-bitcoin-exchanges-in-india, best-exchange-to-buy-bitcoin-in-india, which-bitcoin-exchange-is-best-in-india,
Popular Bitcoin Exchanges in India
TIP: Make an account on more than one exchange. If things aren’t working out well in your current exchange, simply transfer all your holdings to another one.

(Note: All these popular Bitcoin exchanges in India are self-regulated. They are registered as private companies. Also, since there is no such law putting Bitcoin exchange ban in India, these entities ARE NOT illegal.)

Once you have decided with which Indian Bitcoin exchange you want to go with, it's time to make some move. Read how to buy and sell Bitcoin in India step-by-step.

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