Cryptocurrency is not legal either illegal in India which means you can buy Bitcoin, DogeCoin, Ethereum, and many other Cryptocurrency in India with Indian Rupee. Also, Justin, news comes out that the Indian Government is planning to regulate Cryptocurrency in India.
Also Read: Top 3 Best Cryptocurrency Exchange in India
So let’s see How to Buy Cryptocurrency in India with INR because if you buy from a US wallet then it becomes complicated to transfer money into an Indian bank account. So let’s not talk much and jump into it.
How I Buy Cryptocurrency in India
Talking about myself, I have accounts on WazirX, Coin Switch, and CoinDCX but most of my investment is on WazirX because it’s backed by Binance and it’s kind of easy to use.
Now sometimes due to high traffic, WazirX does not work properly and that’s the same case with all the other Crypto Wallets that’s why I have three different accounts on three different Crypto Wallets.
That’s me, If you ask me, I would say, WazirX is the best option to invest in Cryptocurrency in India. So if you want to choose one then just open an account on WazirX.
If you want more info then I have answered some of the most asked questions down below, hope it helps.
How to Buy Cryptocurrency in India
You can use any other Crypto Wallets to buy Cryptocurrency, here you see, I’m talking about WazirX but buying Crypto or opening an account will be the same on all other Crypto Wallets. So use, one you like the most, about me, I’m using WazirX.
Step 1: Click here and download WazirX App on a smartphone or if you’re using a laptop then it will open on the WazirX website.
Step 2: Now, you have to type your email ID and choose a secured password.
Step 3: Once you sign up into the WazirX account, you can now, Deposit and buy Crypto but you won’t able to withdraw money from the WazirX account.
Step 4: Now, you have to complete KYC, and to do that, just type your name, upload your PAN card photo, Aadhar Card photo and your Selfie.
Step 5: Once you upload all the documents, WazirX will verify your document and if everything is okay then your WazirX account will be 100% activated.
Step 6: That was it, now you can buy Cryptocurrency in India with INR without any problem.
By the way, if you don’t want to use WazirX then you can use any of your favorite Crypto Wallets and the process will be the same.
Here are some of the links for other Crypto Wallets from which I have accounts them but as I said, I use WazirX most of the time. You can also use Coinbase but if you’re from India then it doesn’t make any sense to use Coinbase, it’s better to use Indian Crypto Wallets.
Note: As of now, most Indian Crypto wallets are facing a problem from Indian banks and that’s why Indian users are not able to deposit money. That means, for some time, you won’t able to deposit money using UPI, you have to use NEFT or IMPS.
This is the best time to start investing in Cryptocurrency, now, this is not financial advice but if you want to invest your money then it’s better to invest in a good place and Crypto is the best investment but it’s risky too, so if you want to invest in Crypto then do it on your own risk.
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