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7+ Best Websites to Buy Bitcoins in India

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(Last Updated On: December 14, 2017)

Bitcoins are all the rage isn’t it? In India, although a bit late, Bitcoin is making an impact with lead stories on popular TV channels and newspapers. With the hue price hike happening, it’s no more something that can be ignored and there’s a growing interest from people in India for investing in Bitcoins. But at the same time, there are several questions being asked about which is an authentic place to buy Bitcoins, what is the best way to buy Bitcoin in India, are they legal, what is a good percentage etc. With that in mind, I wanted to share with you some of my findings. Hope it’ll clarify the air a bit. Let’s start.

Oh, and before you jump in, here’s a very comprehensive article I wrote about Bitcoin in India.

Best websites to buy Bitcoins in India

Here are the best websites to buy Bitcoins in India, graded by their popularity and features.

1. Zebpay

Founded in 2012, Zebpay is an Ahmedabad-based Bitcoin exchange. In December 2016, Zebpay became the first Indian exchange to surpass Bitcoin turnover of Rs.6 billion. It has mobile app for Android and iPhone.

  • Status: Regulated company
  • Ease of Use: Very easy
  • Fee: Low, but lacks transparency, since the fee is included in prices
  • Safety: Multi-signature security features
  • Anonymity: Low (requires ID verification)
  • Speed: Average
  • Other features: Allows purchase of mobile airtime, DTH and gift vouchers for popular stores like Amazon, Cafe Coffee Day and Pizza Hut.

2. CoinSecure

Founded in 2014, Coinsecure is an Indian platform, headquartered in New Delhi. Apart from online banking, the platform allows cash deposits.

  • Status: Regulated exchange
  • Ease of Use: Could be confusing for beginners, since platform focuses on traders
  • Fee: Very low (0.3%)
  • Safety: High
  • Anonymity: Low (requires ID verification)
  • Speed: Average
  • Other features: Video guides to learn trading

Best websites to buy Bitcoin in India - CoinSecure

3. Unocoin

Unocoin customers can purchase Bitcoin with any Indian bank account via online banking or NEFT. The platform is backed by US investors.

  • Status: Regulated company
  • Ease of Use: Very easy
  • Fee: Low (1% and is lowered to 0.7% for higher trading volumes)
  • Safety: High
  • Anonymity: Low (requires ID verification)
  • Speed: Average

4. Koinex

Koinex is a new entrant to the list of Indian Bitcoin exchanges. Fee is very low and could range from 0.15% to 0.25%, depending on the trading volume. However, they charge for KYC and password change! The approval process is quite fast and the interface is simple.

Koinex

5. CoinDelta

Another new entrant into the Bitcoin party in India. These guys have a 0.3% taker fee (A taker is a party who places an order that matches the makers’ order. Takers are the ones who remove this liquidity by taking makers’ orders with their own.) and20/2.36% deposit fee (as of Dec 15th 2017). Their platform is super lite weight but at the same time buggy.

6. BitXoXo

Their commission and fees are on the higher side but they have the fastest KYC approval process (unlike some other popular Bitcoin exchanges in India). They can approve you for trade in pretty much less than 24 hours.

BitXoXo

7. LocalBitcoins

LocalBitcoins is a platform for buying, storing and selling Bitcoin. It supports a wide range of payment modes, including IMPS, PayPal, Western Union and even cash. Speed of the platform is super-fast and the fee is very low. However, the interface is not very intuitive and there is low liquidity, making it difficult to trade larger amounts.

So, there you have it. The best websites in India to buy Bitcoin and other crypto-currencies from. This whole scene is only developing as we speak, so I’ll be adding more resources to this page as I find them.

Meanwhile, you should also worry about Bitcoins being legal or not in India. Check out my in-depth article on Bitcoin to find out if Bitcoins are legal in India.

Drop your comments here.

Images Courtesy – Abhijeet Gandhewar, Quora

About the author

Mani Karthik

In my pursuit to happiness, I share everything I've learnt on this blog. From productivity to spirituality and everything in between. I quit my cozy job in Silicon Valley to pursue blogging & is an Entrepreneur now. I help startups grow & teach people blogging.

Let's make it a better life. One article at a time.

In my pursuit to happiness, I share everything I learn on this blog. From productivity to personal finance, spirituality and everything in between.

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