Buying Cryptocurrency in India
Ever since the Rupee currency crisis started in 2016, more Indians want to store their wealth and earnings in Bitcoin, Ethereum, alt-coins or any other national currency. When banks close ATM’s to cut costs, the Rupee is being devalued daily by the rest of the world and elections are plagued with cash-for-votes scandals it’s time to use crypto currency.
In April of 2018, the Reserve Bank of India has barred banks and financial institutions in India from transferring Indians money to crypto currency exchanges, so buying bitcoin and altcoins in India is becoming increasingly difficult. Lying to Indians about the Rupee’s value ever increasing will start to become more difficult for Indian banks as well.
Best Exchanges to Buy Crypto Currency in India
While the anonymous exchanges to buy bitcoin and crypto currencies are probably the best options currently. With the government pretending the rupee will be valuable in the future, crypto currency is a huge threat to their terrible economic policies that continue failing.
The Best Crypto Currency Exchanges for Buying and Trading in India currently are:
India Crypto Exchanges Known For Popular in KYC Currencies Credit Card / Exchange Everywhere except USA Yes EUR, USD, GBP, INR Continue Large Global Exchange Asia Yes All National Currencies, BTC, Alts Continue No KYC, Low Trading Fee's Global Under 2 BTC No BTC, ETH, Alts Continue Large Global Exchange Global Yes BTC, ETC, Alts Continue Large Global Exchange Latin America, Europe, UK Yes USD, EUR, GBP, INR, BTC, ETH, Alts Continue P2P Trading Global No BTC, ETH, Alts Continue Credit Card / Exchange America's, Europe, Asia Yes GBP, USD, EUR, BTC, ETH, Alts Continue Anonymous Purchases Global No BTC, ETH, Alts Continue Decentralized Anonymous Exchange Global No BTC, ETH, Alts Continue Person to Person Trades Global Yes/No BTC, ETH, Alts Continue Exchange / Trading India, Europe Yes INR, EUR, GBP Continue
The bitcoin meetup group in Banglore appears to have a lot of bitcoin enthusiasts, many of whom, could probably sell bitcoin without the bank of India knowing about it. There are also the blockchain groups and private bitcoin group in Dehli and many others around the country for people to connect with sellers.
Available worldwide, Paxful allows buyers of bitcoin to use any gift card to purchase crypto. From Amazon, Itunes, Prepaid credit cards to Western Union transfers, the peer to peer exchange is always selling bitcoin.
Coinmama allows anyone around the world to buy up to $150 (₹10,100 Rupees) worth of Bitcoin with a credit card. No identification is required to upload if you are buying $150 or less at Coinmama. Customers WILL need a bitcoin wallet to have bitcoins sent to when purchasing them from Coinmama. They are just a seller of bitcoin, not an online wallet for storing crypto currency.
Bitcoin ATM in India
Anyone in Delhi can buy Bitcoin and Ethereum coins at 3M Car Care with their Bitcoin ATM. The ATM will not buy Bitcoin and fee’s are expected to be above the average of 7.5% on the Lamassu ATM. These are known to require the owner to turn on the identification requirement to buy bitcoin, they are shipped with that setting turned off.
Decentralized crypto currency exchanges are expected to become the standard for bitcoin and altcoin trading. Bisq is one of the first to launch accepting major banks and credit cards around the world for anonymous crypto currency purchases to people anywhere in the world.
Top Anonymous Crypto Currency Trading Platform
All of the anonymous exchanges are open (and changing constantly) for crypto enthusiasts worldwide. The largest “trading” platform for anonymous bitcoin to altcoin trading currently in India is still Binance.
Transfer less than 2 bitcoin to your binance account and trade bitcoin and altcoins whenever you want. Transferring altcoins to and from a hardware wallet is simple and quick without the KYC process many trading platforms require.
Online Gambling in India
Note: We follow the India crypto currency changes because many Indians that enjoy online gambling are now using bitcoin and altcoins due to the difficulty depositing and withdrawing Rupee’s. For more information on that check the India Gambling Guide for the top sites Indians are playing poker, casino, sports betting. Unfortunately, we’ve only found 3 card rummy, no Paplu for bitcoin yet.