How to Buy or Sell Bitcoin in India: Today, Bitcoin has become such a currency that almost everyone wants to invest. In the past years, so much has been invested in bitcoin that the price of bitcoin has started to skyrocket, were a year ago, i.e. in January 2017, the cost of 1 bitcoin was only 70 thousand rupees, today (December 2017), the price of the same one bitcoin is about 28,53,825.70 lakh rupees. Due to the increasing cost of bitcoin, many people are investing in it because if the price of bitcoin continues to increase, it will benefit them a lot in the future.
What is Bitcoin?
If you still do not know what bitcoin is, then tell you that it is an internet currency that can be bought or sold through the internet. No government has any right over this currency, so this currency has become the favourite currency of the whole world. For more information about bitcoin, you can read this post; in this, we have given complete information about bitcoin; along with this post, you can know the advantages and disadvantages of bitcoin.
How to Buy or Sell Bitcoin in India?
After knowing about bitcoin, the same question comes about buying or selling bitcoin; then today. We are going to tell you about this. So, first of all, let us tell you that it is essential for you to have a bitcoin wallet to buy or sell any bitcoin. Talking about India, some companies have come to the fore that sell bitcoin and buy it. In which the names of Zebpay and Unocoin are at the top. Both also have mobile apps, which you will find in Google Playstore. You can create a Bitcoin Wallet by creating an account on either of these two.
Zebpay Bitcoin India
This company was established in the year 2012 by Mahin Gupta. Let us tell you that this is the first company in India which is the first to sell and buy bitcoin. Earlier the name of this company was buysellbitco. But in the year 2014, Saurabh Agarwal and Sandeep Goenka were joined by two more partners, after which its name was changed to Zebpay. This company also has a website, but only information related to bitcoin is shared in it, meaning you cannot create an account on its website, but you can buy or sell bitcoin through its app.
In the Zebpay app, you will first have to register with your Gmail ID, after which you will be taken a photo and complete details of your PAN card, Aadhar card and bank passbook in this app. After submitting these, your account will be verified within three days. Once the account is verified, you can easily buy or sell bitcoins.
Unocoin Bitcoin Wallet India
Unocoin is India’s second-largest bitcoin company. Talking about its users, Unocoin has become the number one bitcoin company in India because its users are more than Zebpay. In Unocoin, apart from its app, you can also create an account on the website. However, Zebpay cannot create an account on the company’s website, and perhaps, for this reason, the users of Unocoin are more than Zebpay.
To create an account in the Unocoin app or website, you have to first register with your Gmail ID; after that, your PAN card, Aadhar card, and original photo and complete details are taken like Zebpay. After submitting these, your account will be verified within three days. After the account is verified, you can buy or sell bitcoins through its app or website.
The process of buying and selling bitcoins in these two company apps is as easy as running Facebook; in both these apps, you get the option to buy and sell bitcoins. If you want to buy bitcoin, then you can buy bitcoin by adding money to these apps through Netbanking. If you’re going to sell, then after selling, you can transfer money to your bank account from these apps. So now you must have known how to buy or sell bitcoin in India. To buy or sell bitcoin, you also need to have an ATM card or Netbanking because purchase bitcoin. First, you have to add your money to your bitcoin wallet.