Top Two Methods to Purchase Bitcoins in India: Binance P2P WazirX

India is witnessing a significant rise in demand for cryptocurrencies, with a population of over 1.3 billion people showing growing interest in digital assets. The ease of trading Bitcoin and other cryptocurrencies is further fueling this trend, leading more Indians to explore the benefits of a cryptocurrency-backed lifestyle, ranging from trading to daily transactions.

Introduction to Bitcoin Purchase in India

For Indian users, purchasing Bitcoin and other cryptocurrencies has become more accessible and straightforward. Binance P2P and WazirX are two of the most prominent platforms that facilitate the purchase of Bitcoin in India using Indian rupees (INR).

Buy Bitcoin in India via Binance P2P

Binance P2P introduced peer-to-peer (P2P) buying and selling of Bitcoin, BNB, and other cryptocurrencies in exchange for Indian rupees (INR) in April. This platform offers a wide range of competitive buying rates, allowing users to set their own terms. Additionally, the platform eliminates transaction fees and provides users with an easy-to-use interface for posting transactions through the Binance app.

Steps to Buy Bitcoin via Binance P2P

Open the Binance app and select 'Buy with Cash' then go to 'P2P'. Choose the 'Buy' tab and tap the currency icon at the top-right corner of your screen. Select INR as the currency you are using to buy crypto and click on the 'Yes' button. Enter the BTC tab and pick the offer that suits your needs. Finalize the sale by immediately confirming the transfer of your INR to the specified payment options.

Beyond Bitcoin, users can also trade USDT, BUSD, BNB, ETH, and EOS via Binance P2P for INR, making it a versatile platform for both beginners and experienced traders.

Buy Bitcoin in India via WazirX

Binance acquired WazirX, India's most trusted Bitcoin exchange, in 2019, making it easier for users to buy Bitcoin and other cryptocurrencies using INR. Whether you already have a WazirX account or need to create one, the process is straightforward.

Steps to Set Up Binance and WazirX Accounts

Login to your Binance account. On the home screen, elect 'Wallet' from the top right and choose 'WazirX Wallet'. Click 'Connect WazirX' on the pop-up window that appears. Click 'Login via Binance' on the next page. Use your Binance dispatch address to link WazirX. Click 'Continue'.

Users who do not have a WazirX account can visit the Binance-WazirX combo page, log in via Binance, and proceed with the account setup.

Buy Bitcoin via Binance and Transferring USDT from WazirX

Login to your WazirX account. Buy USDT using Indian rupees on WazirX. Once you have purchased USDT, go to finances and elect 'Transfer finances to Binance'. Select USDT, enter the amount you wish to transfer, and click 'Confirm Transfer'. Complete your WazirX 2FA authentication to finalize the transfer. Acknowledge the USDT on your Binance account and utilize it to purchase Bitcoin and any other cryptocurrency of your choice.

No matter which method you choose, Binance provides you with some of the best options in the Indian crypto market. Carefully navigate the options and find the best deal for your needs.