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How to Buy Cryptocurrency in India: Step-by-Step Guide
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How to Buy Cryptocurrency in India: Step-by-Step Guide
In India, interest in the technology that operates independently of central banks has surged, thanks to astonishing price jumps and headlines. Understanding the logic behind this phenomenon could very well lead one to wonder: What do I need to get cryptocurrency in India?
This guide compiles everything so you can progress methodically, no matter where you are in the country.
Cryptocurrency in India
Gold and equities are no longer the only talking points at urban cafés and WhatsApp groups. The inflow of investment capital, government advisory panels developing regulatory frameworks instead of outright bans, and the heightened security measures put in place following the initial brazen hack and pose headlines all point in the same direction.
Adopting the smartphone craze sorely indicated a shift in the tech world, much like the trends we are currently witnessing with the ‘learn to buy and hold’ strategy for cryptocurrencies.
Step-by-Step Guide: Buy crypto in India
To buy crypto in India, below are some steps that need to be followed.
Step 1: Selecting a Crypto Exchange
Stat by choosing an exchange that is legally compliant in India, has a good reputation when it comes to security, and provides good customer service.
Top Cryptocurrency Exchanges in India
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WazirX
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Coin DCX
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ZebPay
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CoinSwitch
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Binance (International platform accessible from India).
Check trading fees, the app's friendliness, INR compatibility, and overall security features when choosing an exchange.
Step 2: KYC Verification
Indian law mandates that KYC is to be conducted on all new account openers before trading starts.
Documents needed:
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PAN Card.
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Aadhaar Card, Driving Licence or Passport.
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Live Selfie (taken through app or webcam).
Most exchanges review these papers within minutes, but sometimes it can stretch to a few hours.
Step 3: Deposit INR Funds
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Once KYC is completed, the next step is to load your exchange wallet with Indian rupees.
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Accepted methods usually are:-
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UPI
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IMPS, NEFT, RTGS
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Direct bank transfer
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Prepaid wallets (limited to a few platforms)
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Confirm that your bank accepts crypto deposits to prevent transfers from being denied.
Step 4: Select the Cryptocurrency of your choice
With your INR balance in place, you can explore coins and tokens, including:
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Bitcoin (BTC)
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Ethereum (ETH)
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Polygon (MATIC)
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Solana (SOL)
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Ripple (XRP) and many others.
Type the coin's name in the search bar for fast access.
Step 5: Place a Buy Order
The webpage features two order types in market trading: a Market Order, which executes immediately for the current market price, and a Limit Order, where the trade goes through only when your preset price is reached.
As an illustration, when the Bitcoin price is quoted as 50,00,000, and you are willing to spend 5000, the interface shows you the computed trade value minus the necessary fees, and this shows how much BTC you will actually purchase.
Step 6: Protect Your Crypto Assets
Your newly purchased coins are automatically credited to the exchange’s wallets immediately after trading, which enables quick access to coins but is risky due to external breaches. For more peace of mind, especially for larger amounts, you may want to transfer them to cold wallets like hardware wallets Ledger or Trezor, or to mobile wallets such as Trust Wallet or MetaMask.
Leaving large sums on an exchange exposes them to hacks, so resolve to move excess funds off the platform as soon as practical.
Tips for Safe Crypto Investing in India
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Make sure that each account has two-factor authentication enabled.
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Never share one-time passwords.
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Don't click on unexpected links and phishing emails.
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Before investing money, thoroughly research each cryptocurrency.
Conclusion
In comparison to previous years, purchasing cryptocurrency in India in 2025 is easier, safer, and subject to more transparent regulations. The best outcomes will come from starting on a reliable platform with strong security procedures, regardless of your goal-trading for short-term gains or holding for the long haul.
Disclaimer: This blog is NOT any buy or sell recommendation. Crypto investments are highly risky and insecure. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. The author does NOT, through this blog, intend to involve readers in any investment or trading activities.
Author
Frequently Asked Questions
No, every licensed exchange insists on complete KYC verification.
Most platforms let you begin with just Rs. 100.
Yes, profits are taxed at a flat 30% plus a 1% TDS on each transaction.
WazirX, CoinDCX, and CoinSwitch cater well to newcomers and accept rupees.
- To buy cryptocurrency, you need to follow the simple steps below-
1. Sign up with a trustworthy cryptocurrency exchange like CoinDCX, CoinSwitch, or WazirX.
2. Present KYC documents using Aadhaar and PAN.
3. Use a bank transfer (minimum INR) or UPI to fund your account.
4. Put in a buy order and purchase a coin (such as Bitcoin, Ethereum, etc.).
5. Keep your cryptocurrency in a private wallet or on the exchange.
