How to buy BTC/ETH/BNB in India?Step by step details !!!

Cryptocurrencies have become one of the most talked-about topics over the past year or so. Ever since Bitcoin hit the rate of 61,000 dollars in March 2020, the industry of cryptocurrency has blown up. The crypto markets have become a regular place on investment similar to stock markets and a lot of investors are making serious money on this platform.

Over the past couple of weeks, the crypto markets have seen a major downfall, after many cryptocurrencies including Ethereum, XRP and Doge reached an all-time high. Over the last few days, the crypto markets have bounced back with prices of many popular coins reaching close to their all-time high prices. In this article, we will be taking a look at Bitcoin and where to buy Bitcoin in India.

What is Bitcoin?

Bitcoin is the world's most expensive and popular cryptocurrencies. Bitcoin is the first-ever cryptocurrency that was ever created and it created the whole industry of cryptocurrency on its own. Today, millions of people around the world are using cryptocurrencies as an investment and trading tool. Bitcoin was started by an unnamed developer who went by the internet name, 'Satoshi Nakamoto', who has become a Godlike figure in the crypto industry. Basically, Bitcoin is a virtual peer to peer currency that people can send to each other without the need for a third-party authority.

About Ethereum

Ethereum was launched in 2016 by Russian Vitalik Buterin, who was 19 years old at the time. Ethereum is a smart contract network with the ability to host and support decentralised applications. It is an open-source and decentralised platform that hundreds of cryptocurrencies use as their basis. Many people on crypto forums and Reddit believe that as ETH 2.0 comes this year; the price of Ethereum will continue climbing. Unlike Bitcoin, which serves no purpose other than acting as a store of value, Ethereum is used by a lot of other crypto projects as the basis for their coins.

About BNB

Binance Coin (BNB) is a cryptocurrency that is used to trade and pay fees on the Binance Cryptocurrency Exchange. The Binance Crypto Exchange is one of the biggest, if not the biggest crypto exchange in the world. BNB was created by Binance in 2017 as an internal coin that could facilitate easier and faster trading. Binance users who use BNB benefit from many discounts in trading and transfer fees.

Install a reputed Indian crypto exchange such as Coinswitch/WazirX/CoinDCX/Bitbns/Zebpay/Giottus Make sure you do your research before you settle on choosing an exchange.
Set up your account by registering and verifying your KYC. Make sure you enable 2 Factor authentication to make your app super secure.
Add your bank details/UPI details to the app. You can add money to the exchange once your bank details/UPI are registered.
Once the money has been deposited into an exchange, you can use it to buy Bitcoin, or any other cryptocurrency available for purchase. Refer to the above screenshots for a more detailed look.

Several new exchanges launching and offering different crypto assets for Indian users. New Exchanges is giving more services to their users.

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