How to Buy and Sell Bitcoin in India

The downward trend in cryptocurrency trading in India is mostly due to increased government regulations. However, this does not stop people from trading. Two ways in which many Indians trade are: 1) Exchanges and 2) P2P methods. Both these steps follow the KYC norms and usually require documents like Pan card, Aadhaar card or passports. 

Top Bitcoin Exchanges in India

Since banking institutions have banned cryptocurrency trading in India, popular exchanges like ZebPay have had to shut down. Nevertheless, the following top exchanges are still currently used in India:

Unocoin

Unocoin was founded in 2013 and is the leading bitcoin exchange in India. It is backed by investment from the USA and is a regulated company offering low 1% fees which fall to 0.7% with increased trading volumes. It is a relatively easy exchange platform, allowing users to buy cryptocurrency with any Indian bank account. However, with the banning proposal at hand, things might get challenging for Unocoin.

WazirX

One of India’s most trusted exchange platforms, WazirX was founded in 2018. It focuses on exchange-escrowed P2P services to enable customers to continue to withdraw INR. WazirX follows the KYC norms, has a mobile application for both Android and iOS users and also claims to provide multiple hundred transactions per second.
Blocklink
Blocklink  is one of the newest advanced leverage trading exchanges in the market. This exchange has quickly grown to the top with its volume, execution speed, and interface. Blocklink has four main perceptual swaps to choose from BTC, ETH, VMT, and VIC. On top of everything, Blocklink has one of the most generous welcome trading bonus programs, giving new users up to 10$ to begin trading with.
Other methods
Outside of exchanges, P2P trading platforms enable bitcoin purchases in India, in spite of the bank bans. Two important P2P marketplaces in India are:
Paxful is a peer to peer marketplace founded in 2015 that allows buyers and sellers to meet online and trade directly Bitcoin with each other. Sellers on Paxful accept over 300 payment methods, including the major Indian payment methods like PayTM, Bheem, Phonepe. As a result, many Indians use Paxful due to ease of access and payment. There is also no fee for ht site itself, since the Bitcoin is traded at a premium. 
LocalBitcoins supports the most popular payment methods and allows individuals from different countries to purchase Bitcoin for their local currency. LocalBitcoins currently operates in several major Indian cities like Mumbai, Hyderabad, Kolkata, Delhi, Ahmedabad, Chandigarh, Pune, Guwahati and many more.
Again, due to the 2019 Supreme Court Proposal, many exchanges and marketplaces are wary of the Indian government’s attitude towards cryptocurrency in general. As of September 2019, there are no Bitcoin ATMs in India.

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