Are you looking for how to buy Bitcoin in Binance from India?
To join over 115 million Indians, estimated to be crypto owners?
If yes, continue reading…
Because Bitcoin is a popular cryptocurrency that has been gaining widespread adoption in recent years.
And as more and more people look to invest in Bitcoin, it’s important to know how to buy it securely and conveniently.
In India, Binance, the world’s largest crypto exchange, is one of the most trusted and popular platforms for buying Bitcoin.
However, if you are new to the world of Bitcoin or online trading, it can be overwhelming to navigate the process of buying Bitcoin on Binance from India.
In this blog post, I will provide a step-by-step guide on how to buy Bitcoin in Binance from India.
I will cover everything from creating a Binance account, completing KYC verification, and buying Bitcoin from Binance.
By following this guide, you can confidently and safely buy Bitcoin on Binance from India.
How to Buy Bitcoin in Binance from India
This step-by-step guide will help you to buy Bitcoin and any other cryptocurrency on Binance from India.
1. Create your Binance Account
The first step is to create an account on Binance.
Kindly visit the Binance website and click on the “Register” button to create an account.
You will be asked to provide your email address or mobile phone number and a strong password.
After submitting this information, you will receive a verification code or link from Binance. Click on the link to verify your account.
2. Complete KYC Verification
To buy Bitcoin on Binance, you will need to complete KYC (Know Your Customer) verification.
This is a mandatory process that requires you to provide your personal information, such as a government-issued ID.
You can complete the KYC verification by following the instructions on the Binance website.
The good news is the KYC is not difficult to complete.
3. Buy Bitcoin through Binance P2P
Once your KYC verification is complete, it will be time to start buying Bitcoin.
The Binance P2P (peer-to-peer exchange) is a marketplace where millions of Indian investors can buy and sell cryptocurrencies directly with other Binance users.
Binance P2P makes it easy for Indian residents to buy and sell any crypto, even in INR.
To buy Bitcoin using the P2P option follow the steps below.
STEP 1: Navigate to Binance P2P
From the Binance home page, go to “Buy Crypto” and select “P2P Trading” from the dropdown.
STEP 2: Choose the cryptocurrency you want to buy
From the P2P platform select the cryptocurrency you want to buy (BTC) and select “INR” under the Fiat dropdown.
You can “Enter Amount” you want to spend, then select your preferred payment option, or leave it at “All Payments”.
You can also tap on “Filter” and click on “Only Show Merchant Ads” from the dropdown to see offers from verified sellers alone.
STEP 3: Choose a seller
Binance will display a list of sellers to purchase from, but you should select a seller who has a good rating and a high trading volume.
I will recommend choosing verified sellers only.
STEP 4: Initiate the trade
After selecting a seller, initiate the trade by clicking “Buy BTC” and entering the amount of cryptocurrency you want to buy.
STEP 5: Make payment
After initiating the trade, the seller’s payment information will be displayed.
Make the payment using the seller’s preferred payment method.
STEP 6: Confirm payment
After making payment, confirm it on the Binance P2P platform by clicking “Transferred, notify seller”.
Once the seller confirms receipt of the payment, they will release the Bitcoin to your Binance account.
Visit the Binance website to get started.
This is how to buy Bitcoin in Binance from India.
It’s quick and easy. You can also use this guide to buy other cryptocurrencies.
If you experience a delay in receiving your Bitcoin, you can raise an appeal.
But that must be after you have transferred the complete amount to the seller and clicked on “Transferred, notify seller”.
The option to raise an appeal is available straight away after you clicked the Transferred, notify seller.
The Binance P2P platform is secure, and users are protected.
Just make sure to buy from verified sellers only. And avoid trading with any of the sellers outside the Binance platform.
I hope you found the post helpful.
You should also check out other content from us below to learn and understand Bitcoin and the cryptocurrency market better.
- Best Binance Alternatives
- Easy ways to Buy Cryptocurrency for The First time
- How to Secure your Crypto from Being Stolen
- The Minimum Amount to Start Investing in Bitcoin
IMPORTANT; you must never send money to anyone you meet online asking to help you invest in cryptocurrency. They are scammers. Crypto is easy, and you can do it all by yourself.
The information presented here should not be used as the sole basis of any investment decisions, nor should it be construed as financial, tax, legal, or accounting advice. I will also advise that you invest in cryptocurrency only what you are comfortable living without, at least temporarily.