How to live on crypto in India with WazirX and Bidali
Since we announced the support for Indian gift cards, we have helped tons of happy customers from India. We knew that when we added gift cards for India we would see traffic, but in the first month alone the response was very surprising, and since then the ongoing response has been outstanding.
The number of Indian gift cards purchased was growing well organically before we even made our initial announcement:
If you missed our previous announcement, see it here.
Since there seems to be interest, we thought we should take the opportunity to explain how the Indian crypto community can now use $BTC, $USDT, or a variety of other coins to live their life on crypto with our friends at WazirX and using our gift card service.
Why is this amazing?
If you are new to the cryptocurrency space or a seasoned veteran you may well know that converting your crypto to something usable and withdrawing your funds is not the smoothest. Typically you have to go through KYC, banking delays, sometimes it gets stuck (or never even makes it), plus, you have the extra fees. Not fun. This has been particularly challenging with the unclear regulations in India.
This is where we come in. By having the ability to instantly convert your crypto to a gift card, this is a more effective means of enabling the fluidity of these assets, and because people aren’t “locked in”, real world adoption of cryptocurrency for things beyond just trading is now possible!
The original promise of Bitcoin has been “sound money”. What good is it, if you can’t spend it?
So with that said, we’re happy to help and give the people of India control over their own finances so they can be their own bank and spend at 150+ different businesses! 🤗
How do I get started?
- You need to have a crypto account/wallet. In India we recommend getting an account at WazirX.
- You need to a crypto balance large enough to cover any withdrawal fees
- For WazirX you must have set up two factor authentication and have a fully KYC’d and verified account.
The same steps apply for desktop so just follow long.
- Put in India as your country.
- Choose your brand
- Choose the amount you want to buy then add to cart
- When you are ready to collect your purchases click the shopping cart, and select checkout
- Put in your email address for the gift card delivery
- Choose your preferred currency you want to pay with, and proceed to checkout screen
- Copy the address from Bidali and switch to your WazirX app and paste it in;
Copy the amount from Bidali and switch to your WazirX app;
Select the currency you had selected on Bidali;
Paste the address at checkout,add the withdraw amount, include a remark
DO NOT FORGET TO UPDATE THE AMOUNT TO ACCOUNT FOR THE WITHDRAWAL FEE . If you forget you can always top up your payment, but this helps you avoid delays and 2 withdrawal fees.
- Approve your withdrawal and the gift card will show up in your inbox!
- Wait a minute or two, and then open back up your email!
You’ve now successfully converted your crypto to credit at your favourite brands like Flipkart, Amazon and more. 💥
Whoa, that’s a lot of steps.
Totally. We are working on making this better each and every day. In fact, we could make this faster and much easier by doing a direct integration into WazirX’s platform so that it’s only a few taps (and probably even cheaper). If is something you’d like to see, shoot us an email, tweet at us or our friends at WazirX.
Until next time,
The Bidali Team 😘
