#FinancialBytes: 6 apps that help you buy/sell Bitcoins in India

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Bitcoin has become one of the most popular cryptocurrencies around the world and has a growing number of applications every day. Buysell bitcoin india case you are also looking to find out how to buy and buysell bitcoin india bitcoin currency in India, here is a systematic guide for you:. Bitcoin can be purchased online and are stores in an online buysell bitcoin india in digital form. Select wallet based on features, platforms they can be used on, and security etc. Next, you can create your account by registering on the selected bitcoin service provider.

This will give you a secure place to store your bitcoin, and easy payment methods to convert your local currency into or out of buysell bitcoin india. Here is guide to Join Zebpay and Coinbase referral program. Once you initiate buy bitcoin, it will take you to the exchange and the rate at which you can buy the bitcoin. At present, the value of bitcoin has been pushed to very high levels until USD on Dec 14so you will probably be able to buy only a fraction of a bitcoin.

You can sell your bitcoin in the same manner. Governments in most of the countries do not regulate the Bitcoin and other crypto currencies. Recently, Reserve Bank of India buysell bitcoin india issued a statement buysell bitcoin india that it buysell bitcoin india uncomfortable with "non-fiat" crypto currencies like Bitcoin.

The RBI has been repeatedly flagging concerns on virtual currencies like Bitcoins, stating that they pose potential financial, legal, customer protection and security-related risks. When you create an account with a crypto currency service provider, your money is kept in a digital wallet with one public and one private key. The public key is like your mobile number and the private key is your username and password. You should keep both the keys confidential. You should note that the password of Bitcoin wallet is irrecoverable.

Your money inside the wallet will be worthless if you do not remember password. Similarly, buysell bitcoin india transfers of Bitcoins are buysell bitcoin india irreversible.

Therefore, if your Bitcoin gets stolen by hackers, here is no way to recover it. As crypto currencies are not regulated, is gets difficult to distinguish between fake and real. So, before trading in any crypto currency, you should look into the underlying project, market cap and past performance. Research and analyse more about the currency before investing.

Now you can buy Bitcoins in India easily there are various options available which are buysell bitcoin india and reliable. Here I am sharing all such Bitcoin Buy sell company and apps details with their specifications.

It's the most popular platform to buy bitcoins India right now. It has more than 5 lakh installs in Playstore. Though it's not as much popular as above two I think buysell bitcoin india one of the best service available right now. Around more than 10 thousand installs in Playstore. Multicoin support, you can buy Litecoin, Dash, Ethereum, Bitcoin cash along with Bitcoin and they are adding support for others as well. Most number of altcoins buysell bitcoin india, you can buy Monero, Ripple, Neo and lot of others altcoins along-with Bitcoin.

Exchange service available and you can place buy sell orders for future. It is also somewhat popular service, it's basically a Bitcoin exchange, you will find buy sell difference very low and low buysell bitcoin india price compared to buysell bitcoin india. Though its name is Btcxindia you can only buy Ripple here. It's real-time trading platform for Ripple. One downside is that buysell bitcoin india take a lot of time to complete KYC. One of the best site to buy sell Bitcoins locally.

You can buy through cash also. Be cautious though and meet the seller directly if you live in same city else check the reputation of the seller in the website. Use escrow service to be safer. It's one of the most innovative on the list as you can buy any buysell bitcoin india from Flipkart, Amazon using bitcoins, you have to just enter product link and details and pay in an equivalent amount of Bitcoins.

You can also buy a lot of altcoins also. I am looking forward to using this service soon. You can use bitlio to pay bill payments through Bitcoins. Currently only selected locations are available. They are also giving cashback up to Rs on deposit for a limited time.

From my point of view Bitcoin India is best among all of the above and also Localbitcoins is a very good option if you want to buy through cash or deal with local traders. If you want to buy something through Flipkart, Amazon Pocketbits is a good option. For bill payments through Bitcoins Bitlio is buysell bitcoin india good option.

Zebpay is another very good and popular option. The competition will increase and hope we get better services with lower fees and charges. Let me know if you find any more options for buying bitcoins in India, I will check and add it to the list.

Also, tell me what experiences you had with above services. In case you are also looking to find out how to buy and sell bitcoin currency in India, here is a systematic guide for you:

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Buying and selling bitcoins differs from country to country. Scroll down for a list of platforms by country. The introduction shows you what you need to consider when buying and selling bitcoins and which payment options you have. If you want to get started as quickly as possible you have two options. If these options aren't feasible for you, read on. There are 3 ways to buy and sell bitcoins. Besides our list, these resources are helpful: To get started quickly we recommend Lykke where you can buy bitcoins with your credit card.

If you can't find your country in the list below please check out the three links above. Otherwise LocalBitcoins is a great choice in many countries that are not listed here. Bitstamp is accessible to everyone who can do a bank transfer to their bank account in Slovenia, regardless of the country of your residence. In Asia the exchange Coincheck. Contact Us Contact Us. Where can I buy and sell bitcoins? If you want to get started as quickly as possible you have two options Login to your Bitbond account and buy bitcoins with a simple SEPA wire transfer European bank account required Get the Lyyke app and buy bitcoins with a credit card credit card required If these options aren't feasible for you, read on.

There are 3 ways to buy and sell bitcoins Brokers: It is usually faster than going through a marketplace or an exchange and the sign up process is easier.

But often this also means a bit higher fees. Coinbase is the most prominent example of a large broker with a presence in 24 countries. LocalBitcoins is a good example for an international marketplace.

The advantage of a marketplace is that cash can be a payment option. However, it usually takes a couple of days until the verification process is completed. If you don't want to wait for a few days, a broker is the better choice.

If you want to buy larger volumes more frequently signing up with an exchange is worth the money saved. Consider these 5 factors when you buy or sell bitcoins Speed: On exchanges the verification process can take a few days but transactions can be very quick. With brokers or marketplaces the initial sign up usually is fast but completing a trade can take a couple of hours or even a day or two.

Don't fall for players that try to stay anonymous and don't publish the name of their company only for a slightly lower fee. Typically brokers are more convenient but also a bit more expensive than exchanges. Before a transaction make sure you know which fees you are paying. Before you buy or sell bitcoins make sure to compare prices of different platforms in your country. Different prices are mainly the result of different market liquidity. If you use marketplaces like LocalBitcoins you can meet the seller in person and pay with cash.

When you buy bitcoins online you need to do a bank transfer or pay by some other method. Therefore check first if you have access to one of the offered payment options. Different payment options also have an impact on the fees you need to pay. Bitcoin price of the last 12 months on Bitstamp List of platforms by country where you can buy and sell bitcoins Besides our list, these resources are helpful: Buy Bitcoins Worldwide How to buy bitcoins in In Asia the exchange Coincheck is one of the most popular ones.

The "Type" column indicates whether the platform is a broker B , a marketplace M or an exchange E. Country Platform Type Buy?