Buying Bitcoin in India with the Plena Crypto Super App is so simple . You can create your account using Gmail for a quick login. Also You can start buying Bitcoin without doing KYC with as little as ₹100 or trade with other cryptos you have without doing KYC.
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Buying Bitcoin in India has become more accessible thanks to a range of platforms that support INR transactions. Below are the steps you can follow to purchase Bitcoin in India safely.
Step 1: Choose a PlatformSelect a cryptocurrency exchange or platform that allows you to buy Bitcoin using INR.
Step 2: Sign UpRegister for an account on the chosen platform. You will typically need to provide your email address, create a password, and sometimes, verify your identity (KYC process) or If it is a non KYC Setup ,you can just start by creating a wallet.
Step 3: Enable Two-Factor Authentication (2FA)For added security, enable Two-Factor Authentication (2FA). This usually involves linking your account to your mobile phone and entering a unique code during login.
Step 4: Deposit FundsAdd funds to your account using a bank transfer, credit/debit card, or other supported payment methods. Most platforms will have a 'Deposit' option where you can select your preferred currency, usually INR.
Step 5: Find Bitcoin in the MarketplaceNavigate to the marketplace or trading section and search for Bitcoin (BTC). Platforms usually offer a search bar for this.
Step 6: Place an OrderChoose the amount of Bitcoin you want to purchase. You can enter this in BTC or INR. Once you’re comfortable with the amount and the current rate, proceed to place your order.
Step 7: Confirm PurchaseReview your transaction details. Make sure everything looks correct and then confirm your purchase.
Step 8: Secure Your InvestmentTransfer your newly acquired Bitcoin to a secure wallet. It's generally not advisable to keep large amounts on an exchange due to the risks of hacking. Self Custodial wallet like Plena comes in handy to keep your funds safe and secure. Plus you get 100% self custody over your funds too.
Step 9: Keep Track of Your InvestmentUse portfolio tracking tools or the platform’s own features to keep an eye on your investment.
This will help you make informed decisions in the future.There you have it; you've successfully purchased Bitcoin in India. Always remember that cryptocurrencies are volatile and invest only what you can afford to lose.
By following these steps, you'll be well-equipped to buy Bitcoin in India. Happy trading!
Buying Bitcoin through Plena Finance offers a seamless and secure experience. With Plena's user-friendly interface, even beginners can easily navigate the process. Plena Finance is backed by reputable institutions, providing an extra layer of trust. It also offers competitive fees and quick transactions, making it a go-to choice for many crypto enthusiasts. On top of that Plena is the only crypto super app that provides more than 100,000+ crypto assets ,you don’t need any blockchain’s native token to pay gas fees and also you pay 0% platform fee .Plus, the platform's advanced features like smart portfolios empower users to make informed investment decisions and users don't need to do KYC before buying Bitcoin or any other crypto. Choose Plena Finance for a hassle-free and reliable Bitcoin purchasing journey.
Buying Bitcoin through a self-custodial wallet gives you complete control over your own funds. You don't have to rely on a third-party service to hold your Bitcoin, which enhances security. Here's how it usually works:Download and set up a self-custodial wallet on your device.Generate a Bitcoin address from your wallet.Use this address to purchase Bitcoin from an exchange or a peer.Transfer the Bitcoin directly to your self-custodial wallet.Voila! You own Bitcoin that only you can access, thanks to your wallet's private keys.By using a self-custodial wallet, you're taking ownership of your own crypto assets.But generally most of the self custodial wallets are hard to use and make it quite difficult for the users to understand crypto , plus on top of it they are much more vulnerable to hacks due to infinite approvals and other loopholes. Where as Plena Crypto Super App is a smart contract self custodial wallet which is much more secure and easier to use . Plus users can become zero to hero in crypto from their first transaction itself.
Credit Card: Fast and convenient mostly accepted in every region globally.
Debit Card: Easiest Way to buy Crypto using your local currency .
Bank Transfer: Offers lower fees but may take longer for transactions to complete.PayPal: Quick and user-friendly, but you might encounter higher fees and some limitations.
Skrill/Neteller: E-wallet options that are fast but can come with higher fees.
Cash Deposit: Physical cash payment directly to a seller; usually done in person and involves higher risk.
ATM: Bitcoin ATMs allow you to exchange Bitcoin or cash for other currencies, depending on the machine.
Wire Transfer: Suitable for large transactions, though it can be slow and might involve a higher fee.
Cryptocurrency Exchange: Use another cryptocurrency like Ethereum or Litecoin to buy Bitcoin.
Local Methods : Like UPI , CashApp and many more local methods are taken into account while making users journey easy when they first come to buy bitcoin.
Gift Cards: Buy gift cards with cash and trade them for Bitcoin through P2P platforms.
Mobile Payment Apps: Apps like Venmo or Cash App can sometimes be used, but they generally have high fees and may not be supported by all platforms.
Peer-to-Peer (P2P) Platforms: Direct transactions between users, allowing for various payment methods including cash.Cheque: Least common method; involves sending a cheque to the seller and waiting for it to clear, which can take time.
QR Code: Scan a QR code to directly send funds to a Bitcoin address; generally used for mobile transactions.
Escrow Services: Involves a third-party holding the funds until the terms of the sale are met, generally used in P2P transactions for added security.
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