Undoubtedly, Bitcoin is one of the most popular cryptocurrencies in the world. It has become synonymous with digital currency. People all across the world recognize it as a future currency backed with the most technologically advanced decentralized public ledger called Blockchain. At present, it is one of the most buzzing things around the world. Talking about the number of crypto traders, it has significantly grown over the years. Among all the cryptocurrencies available, Bitcoin has distinctly caught traders' attention due to its stability and mass adoption in the market.
But before you buy and invest in Bitcoin, it is essential to learn about it. Buying it without having a broader knowledge of its uses, the technology it is backed with, or its value upsurging and decreasing can make you a victim of market volatility. To reap the benefits, proper research with market knowledge is essential. You need to understand plenty of things if you too want to know how to buy Bitcoin in India.
We have penned down some crucial points that you, as a budding investor, should know before you buy Bitcoin online in India this year.
Points to remember before buying Bitcoin online in India
We have penned down some crucial points that you, as a budding investor, should know before you buy Bitcoin online in India this year. This will help you understand the legal terms and their impact on your trading. Further, it will give you clarity on how you can make an investment without breaking any law.
- Each person who trades in crypto must submit the basic KYC details, including an Aadhar card and PAN card. After submitting the basic KYC details, one has to meet a few more criteria in order to be eligible for crypto trading.
- After submitting KYC details, one can start trading with a Cryptocurrency exchange like CrossTower.
- While placing a crypto order, a customer can use their bank account, credit card, debit card, and other online payment methods to pay the required amount to the exchange.
- When your order is placed, you will have your crypto stored in the wallet of the exchange.
When you purchase a Bitcoin or any other cryptocurrency from the exchange, these transactions will be stored in a public ledger with their respective wallet IDs.
Where to buy it?
Notably, a user should trust and buy Bitcoin with a trustworthy crypto exchange like CrossTower. When we say trustworthy, we actually mean it. Globally ranked #4 crypto platform, CrossTower is one of the most dedicated crypto exchanges in the world where users can buy, sell and exchange a number of cryptocurrencies.
Alongside, there are multiple exciting features users can try their hands on. Limit order, crypto basket, gift crypto-, and to name a few are available to enhance a user's experience. As a leading crypto exchange, we provide you with a seamless and secure way to invest and buy bitcoin in India.
Here's how you can buy Bitcoin in India with CrossTower
Step-by-step guideline to buying Bitcoin in India with CrossTower:
Download the app play store or app store depending on the mobile phone. You can also visit trading.crosstower.in.
Register yourself by entering your basic details like full name, email ID, phone number, etc.
Once you submit the basic information, the next step is to add the bank details. Follow the on-screen instructions and provide the required details, including your bank details attachment, etc.
Complete the KYC details using Aadhar card and PAN card. Upload all the required documents, and as soon as it gets done, you will receive a confirmation mail.
Upload a selfie to verify that the account belongs to you.
Once your account is verified, you need to add funds to your crypto wallet. For this, click on the 'Trades' button and choose 'Deposit'. Tap 'Deposit INR' and enter the amount you want to add. Choose the payment from the available options. Complete the transaction.
Once your wallet is loaded with a sufficient balance, you can buy Bitcoin online. All you need to do is click on 'Trades.' Enter the amount worth which you want to buy Bitcoin. Click on 'Buy BTC,' and your transaction will be completed. You can start with as low as INR100.