Buy Ethereum (ETH) in India at Lowest Price
Wondering how to buy Ethereum in India? Changelly makes it easy for all residents of India to buy ETH via credit cards, debit cards, bank transfers, Apple Pay, and other payment methods. The platform is easy to use for everyone. No special skills are needed. Changelly is non-custodial and doesn’t store your cryptocurrencies or restrict their use. You can use any supported wallet. We’re highly trusted by millions of past customers and have operated since 2015.
Changelly: best place to buy ETH
Changelly always works hard to provide our users with the best possible purchasing experience. Buying ETH on our platform is intuitive and fast. We are proud to say that over 2 million users trust us with their funds, and we hope that your time with us will be great, too.
Bank Card
Buy Ethereum in India with a debit, credit, virtual, or prepaid card. Your purchase will be quick, secure, and easy.
Apple Pay
Buy crypto on-the-go. If you’re using an iPhone, you will be able to securely pay for your purchases with Apple Pay.
Bank Transfer
Use your bank account to buy Ethereum in India and enjoy higher limits and lower processing fees.
How to buy ETH
Changelly enables you to buy Ethereum (ETH) in India with your national fiat currency Indian Rupee (INR) via multiple payment methods, including credit and debit cards (Visa, Mastercard), bank transfer, and even Apple Pay.
Just sign up for a Changelly account and select the trading pair, for example, INR/ETH.
Choose the crypto offer provided by our partner Simplex.
The next step is to enter your Ethereum wallet address.
You will now be redirected to the provider’s website where you need to complete the verification process. The KYC procedure is vital since it ensures your and the exchange’s security.
Select the payment option and wait for the transaction to be processed. Your ETH will arrive in the wallet within approximately 30 minutes.
What is Ethereum?
Ethereum is a blockchain network that is a bit different from pure cryptocurrency coins. For instance, while Bitcoin is a peer-to-peer payments system, Ethereum supports the running of smart contracts, which are like mini-programs.
This allows for the creation of decentralized apps deployed and running on the Ethereum ecosystem. The apps are popularly called decentralized apps, and they can issue their own tokens referred to as ERC-20 tokens.
For projects to run on Ethereum, they typically use Ether, the platform’s issued cryptocurrency.
Some of the biggest projects on Ethereum include decentralized exchanges, lending protocols, and metaverses. ERC tokens with the biggest market caps include UNI, Maker DAO, and Tether.
Is Ethereum Legal in India?
India’s position on cryptocurrencies has not been forthright. But we know several things: Cryptocurrencies are not regarded as a legal tender by the government, a move that’s consistent with other countries around the world. Additionally, there are no official restrictions against the buying, selling, and holding of cryptocurrencies.
Independent vendors have a choice of whether they want to accept cryptocurrencies for payments alongside the Indian Rupee. Now, rather than banning cryptos, India may be pursuing a move to better regulate how crypto exchanges operate and promote better financial protection.
What about the 2018 circular advising banks to ban crypto transitions? The RBI’s directive was struck down by the Supreme Court in 2020, and banks flagging crypto transactions have been advised that the circular no longer applies.
Can Foreigners Buy Ethereum in India?
Foreigners can buy Ethereum India. As of the moment, there are no restrictions against purchasing and selling ETH and other cryptocurrencies even by residents.
Can I Buy Less Than 1 Ethereum in India?
You can buy less than 1 ETH. In fact, Wei is the smallest denomination of Ether, and one ETH = 10^18 Wei.
Note that if you’re purchasing ETH from an exchange platform, the least amount you can get depends on the minimum purchase amount.
On Changelly, our partners have minimum purchase amounts of $20 to $30. Spending the lowest transaction amount means that you’ll get less than one ETH if the price exceeds the least transactional amount.
FAQ
Where can I store Ethereum?
You only need a wallet to store ETH. It may be a software program that you install on your mobile device or computer. You can also use a web-based wallet. Alternatively, you can use cold-storage solutions such as a hardware wallet, offered by companies such as Ledger and Trezor.
When selecting a suitable wallet, check to ensure that it’s non-custodial. Consider past user reviews and its reputation to gauge its reliability.
What are the taxes to buy Ethereum?
There are no taxes or value added tax imposed on Ethereum price. The official status of cryptocurrencies as a commodity or assets is still pending. Experts advise that you may need to pay capital gains tax for profits made from the purchase and sale of ETH and other crypto coins.
How is the price of Ethereum determined?
Ethereum’s price is driven by several factors. First, we have market forces. If there is a high demand for ETH, its price increases. Decreased demand causes a reduction in the price.
Now, demand stems from investors, but also from the DEFI protocols (decentralized apps) running on ETH. Spikes in usage on these projects typically cause increased gas (ETH) prices.
Which Ethereum wallet can I use in India?
For hardware wallets, you can consider options such as Ledger Nano or Trezor One. For web-based wallets, you can opt for Metamask. Exodus is a recommended choice for desktops. On mobile, you may use Atomic Wallet, Jaxx, or Guarda.
What can I buy with Ethereum in India?
You can buy literally anything with ETH. The only requirement is to find a vendor willing to accept the cryptocurrency in exchange for goods.
In regards to where to buy Ethereum in India, you can purchase it from centralized exchanges, OTC vendors, fiat-to-crypto platforms, and p2p exchanges.
Changelly works with the leading fiat-to-crypto platforms to highlight the best rates, so you can buy ETH in India safely and reliably.
Can I buy ETH in India with PayPal?
Currently, not many exchanges support payments for cryptocurrencies using PayPal. Changelly and its partners don’t currently support the payment method, either. But it may be still possible to find a seller typically on a p2p platform offering PayPal as a payment method. But take extra caution on such exchanges. If possible, use your bank cards on a trusted and reliable exchange platform to buy Ethereum online in India.
Can I buy ETH in India with a Credit Card?
Wondering how to buy Ethereum in India with your credit card? Changelly makes it possible for you to buy ETH with MasterCard or Visa credit cards. Payments are processed by our trusted fiat-to-crypto partners. For your security, you may also need to pass a KYC stage.
How to cash out Ethereum in India?
Cashing out ETH means converting it into fiat currency. You don’t have to find someone to sell the ETH in order to cash out. Through our partnership with Mercuryo, you can convert ETH to a fiat currency equivalent, right here on Changelly. Visit our Sell page to get started.