Purchasing Bitcoins in India

Bitcoin is a worldwide cryptocurrency and digital peer to peer payment system. The transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

In this article we would discuss on how to purchase Bitcoins using INR in India.

Zebpay is a major bitcoin exchange in India and you can easily purchase bitcoins using your bank account,

Here is the step by step guide on how to get started:

Step 1: Download the Zebpay App and register on it.

Step 2: Verify your account.

• On home screen, go to top right corner to open the options. Click on ‘account verification’.
• You can ‘scan’ your PAN card and click ‘submit’. You can also email the photo to id@zebpay.com
• Go to ‘bank details’, submit the details required and click ‘submit’
• The status will be shown as ‘pending’ once you submit details. Zebpay shall verify the PAN card and bank details at the backend, once it is verified, you will receive a notification and status will be shown as ‘approved’. You can then proceed to buy bitcoins.

Step 3: Once your account is verified you need to deposit money in Zebpay to be able to purchase Bitcoins.

• On the home screen, click ‘deposit’. Enter the amount you want to deposit in your Rs account and select payment mode. Please read the instructions carefully before proceeding further. Click ‘agree & continue’.
• Find Zebpay bank details where you have to deposit the amount.
• Verify your bank details and click ‘place deposit order’. A deposit request will be created by us against which you can deposit the amount.
• Once you deposit the amount to Zebpay bank account, please choose transaction type, add payment reference number and click ‘submit’. Payment will be initiated and you can see all the details by clicking ‘Invoice’.
• Once they receive the payment reference, they shall check the deposit in thier bank account. You will receive a notification to alert you that this balance is now available to you. You can now use it to buy bitcoins instantly.

Step 4: Once you have the deposit approved go ahead and buy Bitcoins instantly.

• On the home screen, click ‘buy’. Enter the amount in Rs to buy bitcoins from your Rs balance and click ‘buy’. Enter your 4 digit PIN to confirm your purchase.
• Once you enter the PIN, your bitcoin purchase is complete and you can also see your new bitcoin balance on the home screen.

Congrats on purchasing your first Bitcoins :)

Visit here to buy Bitcoin with USD from Coinswitch.

About CoinSwitch:

CoinSwitch is the first cryptocurrency and altcoin exchange aggregator. We have integrated many leading exchanges across the globe to provide best exchange rates to our customers. Currently, we support over 100 cryptocurrencies and more than 4500 pairs to exchange.

Visit: www.coinswitch.co