Buy USD Coin (USDC) in India with Plena Finance

Buying USD coins 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 Usd Coin without doing KYC with as little as ₹100 or trade with other cryptos you have without doing KYC.




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Currently, the value of 1 BTC is ₹ 21,63,228.99 INR (conversion rate may vary), suggesting that purchasing 5 BTC would cost you around ₹ 1,08,16,144.95 INR. On the other hand, ₹ 100.00 INR could get you approximately 0.00000462 BTC, and ₹ 5,000 INR would amount to 0.000231 BTC, not including any platform or transaction fees. These figures give you an idea of what you can expect when buying Bitcoin in India with INR, usually through platforms like Plena Crypto Super App.

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‍How to Buy USD coin in India

Buying USDcoin in India has become more accessible thanks to a range of platforms thatsupport INR transactions. Below are the steps you can follow to purchase USDcoin in India safely.

Step 1: Choose a Platform Select a cryptocurrency exchange or platformthat allows you to buy USD coin using INR.

Step 2: Sign Up Register for an account on the chosen platform. Youwill typically need to provide your email address, create a password, andsometimes, verify your identity (KYC process) or If it is a non KYC Setup ,youcan 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 youraccount to your mobile phone and entering a unique code during login.

Step 4: Deposit Funds Add funds to your account using a bank transfer,credit/debit card, or other supported payment methods. Most platforms will havea 'Deposit' option where you can select your preferred currency, usually INR.

Step 5: Find USD coin in the Marketplace Navigate to the marketplace ortrading section and search for USD coin (USDC). Platforms usually offer asearch bar for this.

Step 6: Place an Order Choose the amount of USD coin you want topurchase. You can enter this in USDC or INR. Once you’re comfortable with theamount and the current rate, proceed to place your order.

Step 7: Confirm Purchase Review your transaction details. Make sureeverything looks correct and then confirm your purchase.

Step 8: Secure Your Investment Transfer your newly acquired USD coin toa secure wallet. It's generally not advisable to keep large amounts on anexchange due to the risks of hacking. Self Custodial wallet like Plena comes inhandy to keep your funds safe and secure. Plus you get 100% self custody overyour funds too.

Step 9: Keep Track of Your Investment Use portfolio tracking tools orthe 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 USD coin in India. Always remember thatcryptocurrencies are volatile and invest only what you can afford to lose.

By following these steps, you'll be well-equipped to buy USD coin in India.Happy trading!

Why Buy USD coin through Plena Finance

Buying USD coin through Plena Finance offers a seamless and secure experience.With Plena's user-friendly interface, even beginners can easily navigate theprocess. Plena Finance is backed by reputable institutions, providing an extralayer of trust. It also offers competitive fees and quick transactions, makingit a go-to choice for many crypto enthusiasts. On top of that Plena is the onlycrypto super app that provides more than 100,000+ crypto assets ,you don’t needany 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 tomake informed investment decisions and users don't need to do KYC before buyingUSD coin or any other crypto. Choose Plena Finance for a hassle-free andreliable USD coin purchasing journey.

Buy USD coin through Self Custodial Wallet in India

Buying USD coin through a self-custodial wallet gives you complete control overyour own funds. You don't have to rely on a third-party service to hold your USDcoin, which enhances security. Here's how it usually works:Download and set upa self-custodial wallet on your device.Generate a USD coin address from yourwallet.Use this address to purchase USD coin from an exchange or apeer.Transfer the USD coin directly to your self-custodial wallet.Voila! Youown USD coin that only you can access, thanks to your wallet's private keys.Byusing a self-custodial wallet, you're taking ownership of your own cryptoassets.But generally most of the self custodial wallets are hard to use andmake it quite difficult for the users to understand crypto , plus on top of itthey are much more vulnerable to hacks due to infinite approvals and otherloopholes. Where as Plena Crypto Super App is a smart contract self custodialwallet which is much more secure and easier to use . Plus users can become zeroto hero in crypto from their first transaction itself.

Payment Methods for Buying USD coin in India

CreditCard: 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 tocomplete. 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 inperson and involves higher risk.

ATM: USD coin ATMs allow you to exchange USD coin or cash for other currencies,depending on the machine.

Wire Transfer: Suitable for large transactions, though it can be slow and mightinvolve a higher fee.

Cryptocurrency Exchange: Use another cryptocurrency like Ethereum or Litecointo buy USD coin.

Local Methods : Like UPI , CashApp and many more local methods are taken intoaccount while making users journey easy when they first come to buy USD coin.

Gift Cards: Buy gift cards with cash and trade them for USD coin through P2Pplatforms.

Mobile Payment Apps: Apps like Venmo or Cash App can sometimes be used, butthey generally have high fees and may not be supported by all platforms.

Peer-to-Peer (P2P) Platforms: Direct transactions between users, allowing forvarious payment methods including cash.

Cheque: Least common method; involves sendinga 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 USD coin address; generallyused for mobile transactions.

Escrow Services: Involves a third-party holding the funds until the terms ofthe sale are met, generally used in P2P transactions for added security.

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FAQ’s of Buy USD Coin in India

Everything you need to know about the Plena App.

Is it safe to buy USD Coin?

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Yes, USD Coin (USDC) is considered safe as it is a stablecoin pegged to the US dollar, offering less volatility compared to other cryptocurrencies.

How to convert USDC to INR in India?

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To convert USDC to INR, sell your USDC on a cryptocurrency exchange that supports INR pairings. The equivalent amount in INR will be credited to your exchange wallet or bank account.

Where is the best place to convert USD to INR?

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The best place to convert USD to INR is a reputable cryptocurrency exchange that offers competitive exchange rates and low transaction fees.

How to buy USDC from INR?

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To buy USDC from INR, deposit INR into your account on a cryptocurrency exchange that offers USDC, and then purchase USDC using the deposited funds.

What are the basic requirements to purchase USDC on Plena Finance?

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To purchase USDC on Plena Finance, you'll generally need to complete a few essential steps. Firstly, you'll need to create a wallet. Once your wallet is created, you can deposit funds into your Plena wallet using various payment methods like bank transfer, credit card, debit card , UPI or other cryptocurrencies deposit from your other wallet or exchanges. With funds in your account, you're ready to buy USDC through the app's Swap or market section.
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