Buy bitcoin in india with debit card

Bitcoin bridges countries and continents and has the potential to become the new international currency standard. The Bitcoin industry in India was once growing at a terrific rate as users were flocking to this digital currency to take advantage of its rapid price appreciation. In this article, Coinmama takes a look at who uses Bitcoin. The Indian government is reportedly considering a blanket ban on the private use of cryptocurrencies over there. In recent years, Indian exchanges have been experiencing this influence, mostly in a negative way.

Buying crypto with a credit card is easy once you know how to go about it.

Bitcoin is on its buy bitcoin in india with debit card to becoming mainstream, but the biggest hurdle is letting users instantly buy bitcoins. One reason for this is because of the irreversible nature of Bitcoin. I have tested these all. Regarding using a credit card, most of these sites use your cash limit on the credit card, so you need to check with your bank to find the limit of your credit card. Do note that, a few credit card companies have stopped allowing the purchase of Bitcoin with Credit cards due to the volatility of the market:. I used my travel card prepaid USD card to purchase bitcoins on Cex. Coinmama is another site where you can use your Credit or debit card to purchase Bitcoins instantly.

Crypto exchanges are facing the music

Here are a few bitcoin exchanges and trading services that operate in India and beyond, and they all let you buy bitcoin with a credit card. You can just pick your preferred one below, or read on to learn more about the differences between them, and why buying cryptocurrency with a credit card can sometimes be tricky. The list above gives you a list of exchanges. Below is an overview of categories to keep in mind. Each service might have its own restrictions around paying by card, which can affect how long it takes and how cost-effective it is. In particular, you should note that bitcoin will likely count as a cash advance, with commensurately high interest rates.

A hostile regulatory environment

Here are a few bitcoin exchanges and trading services that operate in India and beyond, and they all let you buy bitcoin with a credit card. You can just pick your preferred one below, or read on to learn more about the differences between them, and why buying cryptocurrency with a credit card can sometimes be tricky.

The list above gives you a list of exchanges. Below is an overview of categories to keep in mind. Each service might have its own restrictions around paying by card, which can affect how long it takes and how cost-effective it is. In particular, you should note that bitcoin will likely count as a cash advance, with commensurately high interest rates. Bitcoin is the most widely offered cryptocurrency, so your options for other altcoins will be more limited. If you want to buy Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin or any other cryptocurrency with a credit card, you might have the most success on an exchange, or by simply buying bitcoin and then trading it for your altcoin of choice.

It can be hard to buy anything online with a debit card, and cryptocurrency is no exception. The easiest way to buy bitcoin with a debit card might be through an intermediary. For example, you might pay for your money transfer with a debit card at a physical Western Union branch, and then send that transfer to a service like Coinmama that can accept it.

The main issue is the problem of chargebacks. Bitcoin transactions are irreversible, but credit card charges might be cancelled or reversed.

People have been using their credit cards online for a long time. In most cases, you can probably expect cryptocurrency services to have better security than other online merchants you give your card information to. However, there may be privacy issues. You can compare wallets and get more information. Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity.

Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators’ websites before making any decision.

Finder, or the author, may buy bitcoin in india with debit card holdings in the cryptocurrencies discussed. Andrew Munro Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder’s comprehensive range of guides to help people understand cryptocurrency.

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Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Navigate Cryptocurrency Cryptocurrency What is cryptocurrency? IO Huobi A-Z list of exchanges. Andrew Munro. Buying crypto with a credit card is easy once you know how to go about it.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support. UK residents: In addition to normal crypto trading services, Binance offers margin lending.

As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you’re interested in margin trading, see authorised providers. Go to site View details. Disclaimer: Highly volatile investment product. Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Coinmama Cryptocurrency Marketplace. IO Cryptocurrency Exchange. Indacoin Cryptocurrency Exchange. Credit card Debit card. Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity. View details. Changelly Crypto-to-Crypto Exchange. Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.

LocalBitcoins P2P Exchange. Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options.

Paxful P2P Cryptocurrency Marketplace. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods.

Compare up to 4 providers Clear selection. Andrew Munro is the global cryptocurrency editor at Finder. Was this content helpful to you? Thank you for your feedback! Ask an Expert. Display Name. Your Email will not be published. Your Question You are about to post a question on finder. Your Question. Ask your question. How likely would you be to recommend finder to a friend or colleague? Very Unlikely Extremely Likely.

What is your feedback about? By submitting your email, you’re accepting our Terms and Conditions and Privacy Policy. Thank you for your feedback. Binance Cryptocurrency Exchange. Buyers and sellers match one-on-one, and make transfers in a way that suits. However, not all sellers will accept credit card payments, especially if you have yet to develop a good reputation on that site. LocalBitcoins Paxful. These bitcoin sellers can accept a range of payment options, including credit cards.

It can be a quick and simple way of buying bitcoin, but not necessarily the most cost-effective. Coinmama exchange xCoins Coinbase. Load money into your trading account, and browse the listings for a good price.

Potentially one of the most cost-effective options, but it can be hard to find a full-service exchange that accepts credit cards. You might also have relatively low limits until you can prove your creditworthiness on the exchange.

BUY BITCOIN WITH A CREDIT/DEBIT CARD

A hostile regulatory environment

Unocoin is India’s leading Bitcoin platform. Coinmama Popular. You can buy and sell dollars or crypto in exchange for other forms of value. The Reserve Bank of India has, however, in a contradictory measure, declared that they would create their own form of centralized Indian Rupees on the blockchain. While Indians are likely to remain interested in crypto, their access to it could become greatly limited depending on how current events play. Generally, in India, there are not many places that use Bitcoin as a method of payment or even accept the digital currency as a form of payment. Coinmama Oct 30, This is a simple method allowing you to not have to deal with the hassle of exchanges. What is a Bitcoin Whale?