Bitcoin in India is gaining momentum & unlike the old days, it’s now legal to buy & sell Bitcoin in India. However, there are only a handful of quality sites where you can buy & sell Bitcoin.
Update: Indian Bitcoin trading has cooled off following a banking ban in July 2018, so now the only way to trade cryptocurrencies is through P2P mode. That’s why many exchanges have come up with innovative P2P solutions to facilitate Indian traders.
Here I’m listing down those Indian Bitcoin exchange websites that you can use to buy and sell Bitcoin. I have listed these websites based on their popularity & easy of use.
One thing that I have noticed with almost all of the Indian Bitcoin exchange websites is their pricing differs in real time. So I would suggest that you don’t put all of your eggs in one basket. Instead, purchase Bitcoin from different places.
Here is the updated list of most popular Indian Bitcoin exchanges from where people from India can buy/sell Bitcoins:
- Bitbns
- CoinDelta Flux
- Koinex Loop
- Wazirx
- Localbitcoins
- Purse (Buy bitcoins using Amazon gift card)
- Changelly & Cex.io (Buy bitcoins using a debit/credit card)
- KoinOk (Offering 100 XDCE token for free)
With this, let’s get started & look at all of the popular Indian Bitcoin exchange websites.
Popular Indian Bitcoin Exchange Websites to Buy & Sell Bitcoins:
Founded by IIT graduates, also crypto enthusiasts, Bitbns is an Indian crypto exchange which started operations in December 2017.
The Bitbns team focusses on ease of use, security, and customer support right from the beginning.
The Bitbns team has also pioneered the innovative P2P model for exchange cryptocurrencies and INR despite difficult times in the Indian crypto scene.
Here is a sneak peek into their model:
- Deposit money (INR) in Bitbns.
- Withdraw money (INR) from Bitbns.
CoinDelta is another new entrant that offers a multi-cryptocurrency exchange. They have listed many popular currencies and they are customer-centric. At the time of updating this list of Indian Bitcoin exchanges, these are the cryptos supported by CoinDelta but now it has moved to a P2P model called Flux.
Flux is a peer-to-peer exchange where you can start trading cryptocurrencies in just a few steps. You can choose to buy or sell from a list of orders. A buyer transfers money directly to the seller’s account. It’s simple, quick and safe.
On flux, you can trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Tether (USDT).
Note: You can trade ETH, BTC, USDT, and XRP on it as of now.
Koinex is another famous cryptocurrency exchange in India which has been operating since early 2017.
Post-RBI’s ban, Koinex team also launched a P2P solution for Indians for them to trade cryptocurrencies safely with INR off and on ramps without breaking the law.
They have launched a new P2P platform where your assets are used as collateral, and then the INR deposits and withdrawals are processed.
- How To Sell On Koinex Loop
- How To Buy On Koinex Loop
Note: You can trade ETH, BTC, and XRP on it as of now.
Wazirx is another popular crypto exchange in India which has joined the party only in 2018.
It is founded by an experienced team which is continually innovating with a mission to involve every Indian in the blockchain revolution.
In the present situation, they have come up with a new way of peer to peer trading which enables Indians to withdraw and deposit INR while trading cryptocurrencies.
Here is the sneak peek into their methods:
For example, if you want to sell your BTC worth $5000 which is equivalent to approximately ₹3.4 Lakhs INR, here’s what to do (Source):
- Sell your crypto (BTC in this case) for 5000 USDT. Your trades will execute instantly because our USDT market has great liquidity! Now since USDT is a stable coin, its value will not fluctuate like volatile cryptos.
- Put your 5000 USDT for sale on WazirX P2P.
- When someone comes to buy 5000 USDT on WazirX P2P, they will transfer ₹3.4 Lakhs to your bank account. 💰
Note: Wazirx escrows the funds, and provides appropriate dispute resolution wherever required.
Do you want to buy Bitcoin using cash?
Well, this is where LocalBitcoins comes into the picture. Here you can find a seller who wishes to sell Bitcoin using different payment modes (including cash). In the below screenshot you can see the various options available for an Indian to buy Bitcoin.
LocalBitcoins is also popular for those who are looking to buy Bitcoin using PayPal. From a security perspective, they have added a 2-factor authentication & another level of authentication is activated when you login from a new device.
The price to buy Bitcoin is higher here, but for those who are looking to buy Bitcoin “off the radar”, this is an ideal choice. If you wish to buy Bitcoin via cash, make sure you do the transaction in a public place. If you are looking to sell Bitcoins in India at a higher price, this is a great choice for you.
Here is a step by step process to understand how you can buy/sell BTC using PayTm app in India:
Conclusion: Indian Bitcoin and altcoin exchanges
Well, these are the most popular Bitcoin Websites & Bitcoin exchanges in India that you can use to buy & sell Bitcoin.
You can choose any of the listed websites based on your preferences. I will keep updating the list as I discover quality websites to buy & sell Bitcoin.
- For all those outside India, here is a guide to buying your first Bitcoin.
Here is a list of websites from China, U.S.A & other countries that support Bitcoin purchase for Indian residents:
Now, it’s your turn to recommend other ways through which you are still trading cryptocurrencies in India.
Do share this post with your network on Twitter & Facebook!
Also, check out:
Can we purchase via credit or debit card on Unocoin or any other indian website who are selling Bitcoins
You can buy bitcoin easily through debit card & credit card in India from BuyUcoin- Indian Bitcoin Exchange.
hi harsh, nice to see you on cryptocurrency niche. If you shed light more on this and help us like shoutme loud helped.
thanks
Thank you for the article Harsh, very nicely explained!
Hey, how much did the credit card charge for conversion when u bought from btcc
I think Coinsecure is the best one for Indians to exchange bitcoin/satoshis & INR as it offers proper rates with time in comparison to others & it is worked upon sensibly with a team that is in constant communication with the public. It is just that currently their referral link is not working even on this page. Ask them what is the issue. Thanks!!
Sure
Please do
check Koinex the new exchange recently started. It offers BTC, XRP, LTC& ETH in INR.
@Vaibhav
Yah, heard of it and tried registering. Found it funny that they ask money for completing the KYC. Anyhow, we will do a detailed review of Koinex in the coming days.
Its very bad. DON’T go to Koinex.
Hello,
If I make an order of buying certain number of bitcoins on the price prevailing on Coinsecure but the order is pending due to no seller and later if there is a seller but the price of Bitcoin has risen up would I get the Bitcoin at the previous prevailing rate or the current prevailing rate when the seller is available?
You will get BTC if you find a seller at your price and it can be any price depending upon the seller.
Would you suggest buying Bitcoin before or a day after the fork?
I am planning to trade using Coinsecure but their exchange website is a bit complex which makes it hard to trade so I request you that could you please make a video or write about how to trade using the Coinsecure exchange and what all those things that you see on their exchange page really means so that it’d be really helpful for us to trade? I’d be really thankful to you.
@Gyan
Thanks for reaching out.
I stumbled upon an exchange called “Bitcoin India” , the name confused me a bit but apparently they have a trade mark. What are your views on this site?? I am considering them since they are going to provide access to both BTC and B2X post the fork on 16 NOV.
Should I go with this or would you advice to keep my coins in a cold storage instead?
Thank you.
We haven’t reviewed Bitcoin India yet and also it is third party hosted wallet.
how can NRI reside in UAE can open account , i already register and complete the KYC process but when it comes to Linking Bank i cant enter my mobile number in uae.
Please help…
Please recommend the best website with low exchange rate for buying/selling RIPPLE in India
Dear All,
Please don’t deal with Koinex.They don’t have customer support. Even you send them mails,no one will reply. Its is totally messed.
Which exchanges allow international mobile numbers, I have other KYC documents.
You published old article which u missed several exchange names..Now there r more than 25 exchanges operating in India.what u havepost is nt mega list.Post all exchanges operating in India.pocketbits,valuebits,buyucoin,bitxoxo,belfrics,instacrypto,oxybit and more
We are not obliged to list all. We list in which we have confidence and we have used personally for the greater benefit and authenticity.
it doesnt seem you have updated the conclusion part even after adding some new sites to the list
I have come across another exchange based in India, they are offering major crypto currencies and their registration is simple . I have traded in their exchange and faced next to none problems. should try that exchange also-Bitbawa.com
I want to Buy Bitcoin via cash? What should I do?
Hello Sriman, pls use localbitcoins- https://coinsutra.com/localbitcoins/