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Author: Admin | 2025-04-28
3: Start your KYC processAll crypto exchanges in India are mandated to be KYC-compliant. So, to start investing in cryptos, you must start your KYC process as soon as you complete your registration. From the above-listed platforms, CoinSwitch is known for its smooth KYC process. Once you initiate your KYC on CoinSwitch, your account will be active within hours. Step 4: Select your preferred payment optionYou will need money to buy your favorite crypto. The crypto exchanges in India offer multiple payment options, from UPI to NEFT, net banking, and more. You can set up your preferred payment option. Select the option that is most suitable for you while being cost-effective. Step 5: Place your orderYour account is active, and you have selected the payment method to fund your purchase. Congratulations—you are now just a click away from making your first Bitcoin trade or investment. Select BTC, which is Bitcoin’s ticker symbol, click on buy now, make the payment, and you will be a proud owner of Bitcoin. Debunking Myths about Bitcoin Trading and Investment Despite Bitcoin’s popularity, some of you might have some misconceptions about Bitcoin trading in India that may be holding you back from making Bitcoin investments in India. Do I need to buy an entire Bitcoin?Bitcoin is currently priced at over Rs. 62 lakh in the Indian market. Does this mean you will need a considerable amount to trade in Bitcoin? The answer is No. You can buy or trade a fraction of a Bitcoin. There is no need to buy an entire Bitcoin. It is like the rupee and paisa mechanism. You can start your Bitcoin investment with as little as Rs. 100 on CoinSwitch. Moreover, CoinSwitch offers a Bitcoin SIP plan. You just need to visit the Bitcoin tab, click on the ‘buy now’ button, select the ‘Monthly SIP’ option, set the amount of your order, and select the repeat date. Follow these simple steps to set up a Bitcoin SIP to automate your crypto investment. Is Bitcoin Investment Legal in India?Yes, Bitcoin investment and trading is legal in India. In fact, not just Bitcoin, all crypto investments and trading are legal in India, although crypto assets are unregulated. Conclusion Buying Bitcoin or any other cryptocurrency in India is simple. All you need to do is select a crypto exchange, create an account, initiate your KYC, link your preferred payment gateway, and fund your account on the crypto exchange platform. Once you complete these steps, you are all set to place an order in Bitcoin.
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