Once done, enter the address of your Bitcoin wallet and submit the transaction. You will be redirected to the site of a chosen fiat provider to process it. Register and verify an account on the provider’s web platform, if necessary, and choose a deposit option. Voila! You are now a proud BTC owner.
Changelly: Best place to buy Bitcoin in India safely
As mentioned above, users can choose among different purchase options. Most of the largest crypto exchanges work in the territory of India and provide access to BTC/INR and the most popular digital currencies.
What is Bitcoin?
Bitcoin is a type of virtual money created by someone under the pseudonym Satoshi Nakamoto. The goal was to create a network for any person that doesn’t have access to banks and traditional financial services.
Now, BTC is becoming one of the commonly used payment modes and at available at many different exchanges.
What to do after buying Bitcoin?
BTC/INR transactions are processed fairly quickly - within 30 minutes. But then what can Bitcoin buyers do next with their tokens?
Trade with Bitcoin
Trade cryptocurrencies through brokerages and multiply your initial capital on the rising Bitcoin price against INR.
Become one of the crypto investors and store your coins in a secure wallet (look into cold wallets). Build wealth on crypto rather than stock markets - just wait for the value to appreciate!
Without having to withdraw INR, dollars, or any other currency, spend BTC directly on a business or product of interest.
Send a portion of your funds to other wallets - friends, family, or other recipients. As long as you send them to platforms dealing with crypto, you’ll have a smooth experience.
Buy cryptocurrency and send it to a charitable cause. This is especially useful for charities that don’t accept INR. Properly research the fund and make your donation in a few clicks.
Why buy Bitcoin?
Bitcoin’s current price still has room for growth, which is one of the biggest reasons for investing in it. Another reason is that BTC is more scarce than INR, thus retaining its relative value. Make sure to look on several exchanges to find the best quotes.
Is Bitcoin a good investment?
Investors buy cryptocurrency with the intention to sell it at a better price. The demand for Bitcoin is constantly increasing, and coupled with its limited supply, it’ll push the price even higher. In the meantime, you can also take advantage of its short-term volatility.