In the past, I have talked about the best websites to buy Bitcoin in India. In the past few months, I have seen 2-3 new Bitcoin buying websites available for Indian netizens.
However, I will only list them here once I’m sure about the credibility of these new sites.
Since Bitcoin is not regulated, you need to be very sure of where you are buying bitcoins; if you get scammed, even law enforcement agencies might not be able to help you.
This is why you should use our list of Indian Bitcoin exchange websites as I keep updating them after using them. This will ensure you don’t end up losing your hard earned money.
- Also, see: Best Websites To Sell Bitcoin In India
One important thing before I talk about BitcoinRates.in:
Don’t store your bitcoins in exchanges. I have seen many Indian users buy bitcoins from exchanges and store them there. This is a very bad practice.
Here are a few guides that will give you the complete overview of Bitcoin wallets:
BitcoinRates.in: Compare Bitcoin Buying/Selling Price On All Indian Exchanges
Whenever you are planning to buy Bitcoin, you can make use of BitcoinRates.in to see which Indian Bitcoin website is offering the best buying price. Similarly, if you plan to sell your Bitcoin, you can see the final selling price after deducting the fees.
To make most out of this site, I would suggest you create an account on the following Indian Bitcoin buying/selling websites & complete the KYC:
This usually takes 2-3 days & whenever you wish to buy or sell bitcoins, you can pick the website or exchange that offers the best rates.
Personally, I use BitBNS because they usually offer the best rates.
Arbitrage Opportunities – Buying/Selling Bitcoins In India
Another feature that I find very useful is this site shows arbitrage opportunities.
That means you can see which websites you can buy and sell bitcoins on in order to make money.
However, don’t get too excited. Before you do arbitrage, you need to consider:
- Bitcoin transfers don’t happen instantly.
- Some sites take time for Bitcoin withdrawals.
- Bitcoin transactions fees will reduce your profit margin to a great extent.
By the time you transfer bitcoins from one exchange to another, the arbitrage opportunity might go away.
Overall, BitcoinRates.in is a website every Indian Bitcoin user should bookmark.
This website is mobile friendly & gives you the data necessary to help you trade Bitcoin smartly.
Looking for even cooler Bitcoin-related websites?
- This website will let you buy Amazon products using Bitcoins at discounted price
- How to Buy Bitcoin with PayPal