Bitcoin in India is gaining momentum & unlike the old days, it’s now legal to buy & sell Bitcoin in India. However, there are only a handful quality sites where you can buy & sell Bitcoin.
Here I’m listing down those Indian Bitcoin exchange websites that you can use to buy and sell Bitcoin. I have listed these websites based on their popularity & easy of use.
One thing that I have noticed with almost all of the Indian Bitcoin exchange websites is their pricing differs in real time. So I would suggest that you don’t put all of your eggs in one basket. Instead, purchase Bitcoin from different places.
With this, let’s get started & look at all of the popular Indian Bitcoin exchange websites.
Popular Indian Bitcoin Exchange Websites to Buy & Sell Bitcoins:
In Q4 of 2017 few new exchanges are launched and I’m adding few of them which looks promising and have good security measures. Do read the conclusion at the end to pick the best platform for your need.
Coinome is the newest exchange in this list and probably one of the best. They are backed up by the team behind Bill desk which is one of the oldest and popular payment collection gateway. When I tested Coinome, the thing that I liked the most was E-KYC. Unlike other Indian bitcoin websites, here your KYC is done instantly using the same method that Indian telecom industry is using. At the time of writing, Coinome supports Bitcoin and Litecoin. Even the world flawlessly on mobile. Here is a video tutorial:
The interface is simple and easy to use for beginners and if you are looking to instantly buy Bitcoin in India, this is a perfect website for you.
CoinDelta is another new entrant that offers a multi-cryptocurrency exchange. They have listed many popular currencies and they are customer-centric. At the time of updating this list of Indian Bitcoin exchanges, these are the cryptos supported by CoinDelta.
This is another popular website in India to purchase Bitcoins. Like Unocoin is a Bitcoin wallet, this one is Bitcoin exchange site. This is perfect for those who are looking to trade in Bitcoin.
Like all other websites, you need to do KYC verification. Do remember: You will get a call for your account verification & this has now become a standard practice among most of the India-based Bitcoin exchanges.
The interface is not beginner friendly, but for experienced Bitcoin users, it offers lots of details within the dashboard. Also, it’s good for facilitating remittances through Blockchain technology in partnership with OKLink. They recently launched Android app which makes it easier to do Bitcoin exchange in real time.
They also have a dedicated YouTube channel for beginners to get started with CoinSecure.
Here is a video tutorial to use CoinSecure mobile app:
If you are looking for a way to trade Bitcoin in India from your mobile phone, Zebpay & Unocoin are the perfect choices for you.
Zebpay is an app-only ecosystem to buy & sell Bitcoin. Here you can transact in Bits & you can buy vouchers for popular stores Amazon, Cafe Coffee Day, Flipkart, and Pizza Hut (to name a few). You can also recharge your mobile phone, DTH, and data card using Bitcoin.
They are soon adding support for Broadband, Landline & electricity payments via Bitcoin.
Zebpay was earlier known as BuySellBitco.
Just like Unocoin, this is user-friendly & you can get started in no time. Once you have downloaded & registered yourself using their mobile app, you can complete your verification by uploading a picture of your PAN card.
Once you are inside the app dashboard, you will see continuous activities from other members. This one reminds me of the ticker feature of Facebook.
Indeed this is useful, as you will also know what you can do with the Zebpay app.
Here is a screenshot of the Zebpay ticker feature:
You can download the Zebpay app for iOS or Android & get started instantly.
Download iOS App | (Use Referral code:REFHARS9122 to get INR 100 for free)
Check this video tutorial on using ZebPay mobile wallet:
Koinex is a new enterant in this list of Indian exchanges but definitely they earned a space over here. Koinex offers trading in following cryptocurrencies:
- BCH (Bitcoin cash)
What I really liked about Koinex is time to deposit INR. They have automated the system which means you don’t have to create a ticket or wait for hours for money to be deposited into your account. The initial KYC takes about 24-487 hours and after that you can start trading in above mentioned crypto on Koinex.
Unocoin is the first website that I recommend you to get started with if you have never purchased Bitcoin before.
Getting started with Unocoin is easy & their interface is beginner friendly. What I like about them is the plethora of features they already have & features they are consistently adding. If you are someone who wants to invest in Bitcoin as a SIP, you can do that with Unocoin.
You can set a daily, weekly, or monthly budget for purchasing Bitcoin.
This is what Unocoin has to say about their SIP feature:
“Systematic Investment Plan is a new and exciting way to acquire Bitcoin – the first of its kind that is introduced by Unocoin. This is a more conservative approach to investing in bitcoin than spending all your money on Bitcoin at once. This technique allows you to commit to a fixed INR amount on Bitcoin on a regular schedule regardless of the price. You need to fund your INR wallet and schedule the orders below to start with SIP. This feature helps with financial discipline by averaging out your cost and thereby reducing risk resulting in generating better returns.”
At the time of writing, one can invest a maximum of up to 50K at once either in a daily, weekly, or monthly schedule.
Other features that make Unocoin a favorite choice for Bitcoin exchange are:
- OTC Trading (Over the counter trading)
- Auto sells Bitcoin
- Netki: This lets you create a human-readable address for your Bitcoin wallet.
- API: Unocoin provides a simple and powerful API to integrate Bitcoin payments into your business or application.
- 2-step authentication to keep your account secure.
Unocoin also has a mobile app (Android & iOS) which will help you make Bitcoin transactions from your mobile phone.
Do you want to buy Bitcoin using cash?
Well, this is where LocalBitcoins comes into the picture. Here you can find a seller who wishes to sell Bitcoin using different payment modes (including cash). In the below screenshot you can see the various options available for an Indian to buy Bitcoin.
LocalBitcoins is also popular for those who are looking to buy Bitcoin using PayPal. From a security perspective, they have added a 2-factor authentication & another level of authentication is activated when you login from a new device.
The price to buy Bitcoin is higher here, but for those who are looking to buy Bitcoin “off the radar”, this is an ideal choice. If you wish to buy Bitcoin via cash, make sure you do the transaction in a public place. If you are looking to sell Bitcoins in India at a higher price, this is a great choice for you.
Conclusion: Indian Bitcoin and altcoin exchanges
Well, these are the most popular Bitcoin Websites & Bitcoin exchanges in India that you can use to buy & sell Bitcoin.
I like Unocoin for their simplicity but their pricing is certainly not the best. If you don’t mind learning a bit, CoinSecure is what I recommend to basilpuglisi readers for best pricing. Zebpay on the other hand is great if you wish to start purchasing Bitcoin with let’s say 1000 INR. Koinex is fairly new and I will be doing a detailed review of it in coming days. I’m also looking at Buyucoin which looks promising. There is one more site which is on my radar: CoinDelta but it lacks volume right now. You can choose any of the listed websites based on your preferences. I will keep updating the list as I discover quality websites to buy & sell Bitcoin.
For all those outside India, here is a guide to buying your first Bitcoin.
Here is a list of websites from China, U.S.A & other countries that support Bitcoin purchase for Indian residents:
- Cex.io: Costly but they support credit card.
- Changelly: Let you buy any coins using credit/debit card.
If you find this list useful, do share it with your friends on Facebook & Twitter. If you know of any other Indian Bitcoin websites that should be on the list, let me know in the comment section below.