Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting embarked 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very quick from verification to buying or selling everything is quick.

How to Sign Up on PocketBits?

Two.) Inject your Phone Number, Password and Verify your Phone Number via OTP.

Trio.) Inject PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and finish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Trio.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Inject the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Inject the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Trio.) Next, Inject the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Inject the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Trio.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation implements to accept payments from customers anywhere on earth.

This feature is coming indeed very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming truly very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very swift in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Come in your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is elementary just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also plain and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Finish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not totally use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have thresholds on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Inject the Number of Bitcoins you want to purchase or you can also Inject a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Come in the Number of Bitcoins you want to Sell or you can also Inject a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Three.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Inject it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Come in the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has indeed Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently commenced a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be glad to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and tho’ they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before kicking off, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to begin from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours via the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t commenced buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can truly confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the act. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go quick, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the stiffer it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re most likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of puny to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately possessed multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users utter control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any private information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Semitransparent information: All finalised transactions can be seen by

everyone, with the private details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction quicker. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to plane currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s enormously difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so superb?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enlargening with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to budge. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section come in this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting commenced 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very quick from verification to buying or selling everything is swift.

How to Sign Up on PocketBits?

Two.) Come in your Phone Number, Password and Verify your Phone Number via OTP.

Three.) Inject PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and accomplish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Three.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Inject the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Come in the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Trio.) Next, Inject the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Come in the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Trio.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation contraptions to accept payments from customers anywhere on earth.

This feature is coming indeed very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming indeed very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very quick in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Come in your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is ordinary just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also plain and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Accomplish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not fully use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have boundaries on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Come in the Number of Bitcoins you want to purchase or you can also Come in a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Come in the Number of Bitcoins you want to Sell or you can also Come in a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Trio.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Come in it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Inject the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has truly Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently began a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be blessed to help 🙂

Related QuestionsMore Answers Below

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and however they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before commencing, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to begin from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours across the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t began buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can indeed confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the act. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go prompt, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the stiffer it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re very likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of petite to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately possessed multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users utter control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any individual information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Semi-transparent information: All finalised transactions can be seen by

everyone, with the individual details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction quicker. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to plane currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s enormously difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so superb?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enhancing with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to stir. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section inject this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting commenced 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very quick from verification to buying or selling everything is quick.

How to Sign Up on PocketBits?

Two.) Come in your Phone Number, Password and Verify your Phone Number via OTP.

Three.) Come in PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and finish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Trio.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Come in the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Come in the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Three.) Next, Come in the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Inject the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Three.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation contraptions to accept payments from customers anywhere on earth.

This feature is coming truly very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming indeed very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very rapid in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Inject your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is elementary just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also elementary and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Accomplish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not downright use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have thresholds on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Come in the Number of Bitcoins you want to purchase or you can also Inject a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Come in the Number of Bitcoins you want to Sell or you can also Come in a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Three.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Come in it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Inject the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has truly Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently embarked a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be glad to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and however they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before beginning, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to commence from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours across the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t began buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can truly confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the act. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go quick, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the firmer it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re very likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of petite to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately wielded multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users utter control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any private information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Semitransparent information: All finalised transactions can be seen by

everyone, with the individual details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction swifter. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to vapid currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s utterly difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so superb?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enhancing with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to budge. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section come in this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting began 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very prompt from verification to buying or selling everything is swift.

How to Sign Up on PocketBits?

Two.) Inject your Phone Number, Password and Verify your Phone Number via OTP.

Three.) Come in PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and finish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Three.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Inject the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Come in the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Trio.) Next, Inject the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Inject the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Trio.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation contraptions to accept payments from customers anywhere on earth.

This feature is coming truly very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming indeed very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very quick in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Come in your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is elementary just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also elementary and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Finish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not downright use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have boundaries on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Come in the Number of Bitcoins you want to purchase or you can also Inject a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Inject the Number of Bitcoins you want to Sell or you can also Inject a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Three.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Come in it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Come in the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has indeed Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently embarked a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be glad to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and tho’ they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before embarking, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to embark from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours across the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t began buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can indeed confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the activity. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go swift, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the firmer it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re most likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of petite to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately wielded multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users utter control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any private information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Semitransparent information: All finalised transactions can be seen by

everyone, with the private details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction quicker. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to plane currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s enormously difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so good?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enlargening with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to stir. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section come in this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting embarked 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very quick from verification to buying or selling everything is prompt.

How to Sign Up on PocketBits?

Two.) Come in your Phone Number, Password and Verify your Phone Number via OTP.

Three.) Inject PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and accomplish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Trio.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Come in the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Come in the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Trio.) Next, Inject the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Come in the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Three.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation contraptions to accept payments from customers anywhere on earth.

This feature is coming truly very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming indeed very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very swift in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Inject your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is ordinary just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also elementary and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Accomplish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not downright use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have thresholds on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Inject the Number of Bitcoins you want to purchase or you can also Come in a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Come in the Number of Bitcoins you want to Sell or you can also Come in a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Three.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Come in it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Come in the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has truly Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently embarked a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be blessed to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and however they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before kicking off, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to begin from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours across the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t commenced buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can truly confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the activity. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go quick, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the tighter it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re most likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of petite to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately wielded multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users utter control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any individual information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

See-through information: All finalised transactions can be seen by

everyone, with the individual details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction swifter. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to plane currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s enormously difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so excellent?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enhancing with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to stir. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section come in this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting began 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very prompt from verification to buying or selling everything is rapid.

How to Sign Up on PocketBits?

Two.) Inject your Phone Number, Password and Verify your Phone Number via OTP.

Three.) Come in PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and finish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Three.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Inject the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Come in the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Trio.) Next, Inject the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Come in the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Trio.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation devices to accept payments from customers anywhere on earth.

This feature is coming indeed very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming indeed very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very swift in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Inject your Email Address and Password.

Three.) Verify your Email & Mobile Number.

The Registration process is elementary just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also ordinary and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Finish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not downright use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have thresholds on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Come in the Number of Bitcoins you want to purchase or you can also Inject a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Inject the Number of Bitcoins you want to Sell or you can also Inject a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Three.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Come in it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Come in the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has truly Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently embarked a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be glad to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and however they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before beginning, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to embark from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours via the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t began buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can truly confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the activity. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go rapid, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the stiffer it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re very likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of puny to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately possessed multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users utter control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any individual information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Translucent information: All finalised transactions can be seen by

everyone, with the individual details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction swifter. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to vapid currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s enormously difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so excellent?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enlargening with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to budge. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section inject this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting commenced 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very rapid from verification to buying or selling everything is prompt.

How to Sign Up on PocketBits?

Two.) Inject your Phone Number, Password and Verify your Phone Number via OTP.

Trio.) Inject PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and accomplish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Three.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Inject the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Come in the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Three.) Next, Come in the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Inject the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Trio.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation instruments to accept payments from customers anywhere on earth.

This feature is coming truly very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming truly very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very quick in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Come in your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is plain just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also ordinary and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Finish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not downright use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have thresholds on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Three.) Now Inject the Number of Bitcoins you want to purchase or you can also Come in a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Come in the Number of Bitcoins you want to Sell or you can also Inject a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Trio.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Inject it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Come in the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has indeed Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently commenced a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be blessed to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and however they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before beginning, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to embark from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours across the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My response is a Strong yes. See the bitcoin price surge already and people haven’t began buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can truly confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the act. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go rapid, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the tighter it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re most likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of puny to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately possessed multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users total control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any individual information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Semitransparent information: All finalised transactions can be seen by

everyone, with the private details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction quicker. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to vapid currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s enormously difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so superb?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enlargening with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to stir. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section come in this Promo Code.

Where can I buy bitcoins in India if I want to pay through NEFT?

Без кейворда

Here are some of the Indian Exchanges which I use to Buy Bitcoins

I’ve written a Detailed PocketBits Review & Unocoin Review on My Blog and I would like to share it so than it can help you getting commenced 🙂

PocketBits which is also an Indian Bitcoin Exchange founded by Sohail Merchant.

So, Today in this post, I’ll share my Fair PocketBits Review and How you can Instantly Buy & Sell Bitcoins from PocketBits

What is PocketBits?

PocketBits is one of the Best Cryptocurrency Exchange to Buy & Sell Bitcoins or Altcoins in India. It is fully functional for 24/7 with Amazing Customer Care. Services provided at PocketBits are very prompt from verification to buying or selling everything is prompt.

How to Sign Up on PocketBits?

Two.) Come in your Phone Number, Password and Verify your Phone Number via OTP.

Trio.) Inject PocketBits Referral Code: BU99-B003

Four.) Click on Sign Up Button and accomplish the Registration Process.

Note: Once your Account is created Enable 2FA for more security

PocketBits Promo Suggest

PocketBits is presently having a Promo Suggest where you can Earn Free Bitcoins as per your purchase.

Who doesn’t like Free Bitcoins

  • Earn Free Bitcoins Worth one hundred INR on a purchase of Rs.2000 or more.
  • Earn Free Bitcoins Worth two hundred INR on a purchase of Rs.5000 or more.

There is no such PocketBits Promo Code available just go ahead and make your very first transaction and you will receive it accordingly

How to Buy Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Now as you can see there are two wallets one is the normal Bitcoin Wallet where as the other is the INR Wallet. Bitcoin Wallet is just like any other Bitcoin Wallet. INR Wallet is like your PocketBits Wallet where you’ve deposited or withdrawn funds from PocketBits.

Two.) Click on the Deposit Button from INR Wallet.

Trio.) Next, you’ll be able to see the Bank Details just pay the Payment via IMPS, NEFT or RTGS.

Four.) Once you’re done with Payment just Inject the Amount and the Reference No. along with the Payment Method.

This will just add funds to your INR Wallet. Now once you have funds in your INR Wallet you’re ready to Buy Bitcoins.

Five.) Click on Buy BTC from Dashboard.

6.) Now just Inject the Amount in BTC or in INR and click on Buy Bitcoins.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

How to Sell Bitcoins on PocketBits?

1.) Very first of all, Open PocketBits Dashboard.

Two.) Now just Click on Sell BTC.

Three.) Next, Inject the Amount in BTC or in INR and click on Sell Bitcoins.

This will automatically Sell your Bitcoins and now you will have the equal amount of balance in your INR Wallet.

Once you have received funds in your INR Wallet you can Instantly redeem your funds to Bank Account.

Four.) Click on Withdraw Option in INR Wallet from Dashboard.

Five.) Come in the Amount in INR you wish to withdraw in your Bank Account and then Click on Submit.

Voila! Your transaction will be processed and you shall receive your Bitcoins within fifty nine minutes

PocketBits Extra Features

Apart from Buying and Selling of Bitcoins you can also Shop with Bitcoins on PocketBits and many more features are available

Shop Online with Bitcoins

Shopping with Bitcoins?

Yes! It’s possible with PocketBits and this How you can also Shop Online with PocketBits

1.) Find the product you want to buy.

Two.) Send your payment to PocketBits.

Three.) Get your product delivered to your door.

Yes! You have heard it right you can Buy Altcoins from PocketBits

PocketBits has an integrated Shapeshift API and via that, you can Instantly Buy or Sell any Altcoins.

Use PocketBits retail, e-commerce, billing, and donation contraptions to accept payments from customers anywhere on earth.

This feature is coming indeed very soon and once it’s launched I’ll update it

PocketBits is about to Launch its Mobile App soon

This feature is coming truly very soon and once it’s launched I’ll update it

In conclusion, PocketBits very good and as their services are very prompt in terms of verifications, transactions, etc.

PocketBits is 24/7 active and the support is just Amazing

They are soon going to add direct Netbanking Transactions as well.

I very recommend you to Enable 2FA to secure your Account.

What is Unocoin?

Unocoin is one of the India’s Trusted Bitcoin Company having more than 150,000 users. Buy and Sell Bitcoins in India from Unocoin. Apart from Buying and Selling Bitcoins, you can Send & Receive Bitcoins. It can also be used to do Prepaid/Postpaid Recharges. Unocoin can be accessed from the Website and Unocoin also has an Android & iOS App.

Unocoin is committed and has single-handedly driven the bitcoin awareness program in India. With a series of meet-ups, seminars, guest talks, college activities and other collaborations, the awareness of bitcoin in India has skyrocketed in the latest times. The effort put in by the team at Unocoin translates towards building a cashless Indian economy.

This was all about the What is Unocoin and in the further part, I will share more about that How to Registers, Buy/Sell Bitcoins in India and some more Unocoin Tips and Tricks.

How to Register on Unocoin?

Two.) Next, Inject your Email Address and Password.

Trio.) Verify your Email & Mobile Number.

The Registration process is plain just like registering on any Website but now the next step is to Verify your Unocoin Account because if you don’t have a verified Unocoin Account you cannot buy, sell, send, receive bitcoins or any features. So I very suggest you Verify your Unocoin Account to use Unocoin Services.

How to Verify Unocoin Account?

Verification Process on Unocoin is also elementary and it may only 3-5 working days.

While submitting all these documents make sure all are having good quality and they are following their guidelines. If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

Pro Peak: If you need to scan any document then use the Camscanner App which is one the Best Free Mobile Scanning App.

After your Unocoin Account Verification, you can daily Trade maximum of twenty Bitcoins only.

How to Buy Bitcoins in India from Unocoin

In Unocoin there are basically two different Wallets one is the INR Wallet and another is Bitcoin Wallet.

To Buy Bitcoins from Unocoin you’ll need to Add Funds in your INR Account and then later use that to Buy Bitcoins.

  • INR Wallet
  • Payumoney Balance (Extra 1.9% processing fee applies)
  • Netbanking ( Extra 1.9% processing fee applies)

You may maintain an INR balance in your Unocoin account which you may use to buy bitcoin instantaneously. Finish the form above before you transfer INR to our bank account. We do not accept cash deposits and you will need to use NEFT/RTGS/IMPS from your registered bank account only. Once you transfer INR, come back to this page and update the REFERENCE NUMBER of your transfer against the deposit order you created. Once we receive INR into our bank account, your DEPOSIT order will be processed in 3-4 working hours but may take up to twenty four hours. Our processing hours is inbetween ten AM to seven PM on weekdays (Mon-Sat).

We can only hold your INR in your INR wallet for up to ninety days. If you do not entirely use your INR balance within ninety days, we will refund the remaining balance back to your bank account. We have boundaries on the amount of INR you may hold in your INR balance. We have accounts with State Bank of India to which you may send INR payments.

Now that you’ve successfully added funds to your INR Wallet now you can lightly Buy Bitcoins

1.) Open Unocoin Dashboard.

Two.) Click on Buy Bitcoin.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Inject the Number of Bitcoins you want to purchase or you can also Come in a Specific Value such as 50,000 INR to Purchase and it will be converted into Bitcoins.

You will be charged Rs.1978 as Transaction Fees and Rs.297 as Taxes. (1% Transaction Fees)

You can use the Payment Methods mentioned above such as INR Balance, Payumoney Balance & Netbanking.

How to Sell Bitcoins in India from Unocoin

1.) Open Unocoin Dashboard.

Two.) Click on Sell Bitcoins.

Note: This is just for example price rates, transaction fees, etc will differ from time to time

Trio.) Now Inject the Number of Bitcoins you want to Sell or you can also Come in a Specific Value such as 1,000 INR to Sell and it will be converted into Bitcoins.

You will be charged Rs.Ten as Transaction Fees and Rs.Two as Taxes. (1% Transaction Fees)

To Receive your Payments you can either add it your INR Wallet or you can also send it to your Bank Account.

How to Secure your Unocoin Account?

1.) Click on Security Option from Left Menu.

Two.) Click on 2Fact Auth (Enable Secondary Password (Google Authenticator))

Three.) Click on Enable

Four.) Now just Install the Google Authenticator App on Device.

Five.) Next, Click on Activate and Scan the Barcode or Inject it in the Google Authenticator App.

Now, whenever you have to Login on Unocoin yo have to Inject the Secondary Password from Google Authenticator App

Unocoin Extra Features

Unocoin has indeed Cool Extra Features such as:

Unocoin also has a Mobile App for both Android & iOS users.

Unocoin App Features

Unocoin Refer & Earn

Unocoin has recently embarked a Fresh Referral Program on their App where you can Free Paytm Cash of Rs.Ten for Each Referral.

Apart from Rs.Ten Paytm Cash, you can also Earn 15% of their Transaction Fees forever.

  • Unocoin reserves the right to switch or cancel the referral scheme anytime.
  • Referral money is always paid in bitcoin (considering the average price of buy and sell at the time of order processing).
  • Only verified members are permitted to refer friends to Unocoin.
  • As your referral money is paid as a bounty there are no TDS deductions and you will be responsible for your taxes if any.
  • Referral bonus is subject to switch with the availability of suggest with the third party.

Presently, Zebpay, PocketBits, Coinsecure is one the Best Unocoin Alternative but there are many Unocoin Alternative such as Coinmama, Localbitcoins.

Conclusion of Unocoin Review

According to me, Unocoin is one of the Best Bitcoin Companies in India having all the features like buy/sell, send/receive, recharges/topups, etc.

I hope you found this post helpful and this was my Fair Unocoin Review and in the Next Post, I will also share about some Websites to Earn Free Bitcoins, Best Bitcoin Wallets.

If you found this PocketBits & Unocoin Review Helpful then do share it with your friends and help them also to understand more about Bitcoins.

If you have any doubts or suggestions please drop them in comments section I will be blessed to help 🙂

There are two different ways of buying bitcoins.

Popular exchanges in India are Zebpay and Unocoin .

One needs to get their identification verified on these platforms before the buying starts.

I trade with Zebpay and tho’ they say that verification takes upto three days, in my case it happened within twelve hours.

One can also buy from individuals but the issue which comes is of trust. The seller would request the payment very first and you would ask for the transfer. If this trust issue can be lodged then buying from individuals also makes for a good option. In-fact one is likely to find it cheaper buying from an individual.

If you have any more questions before kicking off, refer to this article.

Presently there are many exchanges or brokers suggesting bitcoins (e.g. Coinsecure , Zebpay , Unocoin etc). But Zebpay, Unocoin have higher buy price and larger buy-sell gap compared to coinsecure (since coinsecure is an exchange and the former two are brokers).

However, the problem is that they suggest only bitcoins and the trading fee is high.

One website I recently came across is Coindelta , where trading is going to begin from Sep 1, 2017. It’s a one stop exchange to trade all cryptocurrencies. It has numerous cryptocurrencies available on its platform (Bitcoin, Ethereum, Litecoin, Qtum, and OmiseGo). It is the very first global exchange to suggest both crypto to crypto markets and crypto to INR markets.

The trading fee is also minimal(0.15% which goes down to 0% as your trading volume goes up), which is lesser than many international exchanges and minimum in India. It also has a 24*7 support system, permitting for depositing INR(through IMPS/NEFT) even during night hours across the week.

I would personally recommend Coindelta due to its user friendly website, good customer support and the least trading fee.

I will recommend ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

BTW, Also Download UnoPay they give Rs250 Paytm as Referral Bonus amount just get verified.(Promo Code -U379083), thought its not as effortless as ZebPay. But has extra features that are good.

ZebPay Provides the following Payment options –

  • Pay Using Net Banking
  • Pay using UPI
  • Pay using RTGS/NEFT/IMPS

Here is a screenshot of the ZebPay iOS App-

I will also suggest downloading IQ Option(Link- IQ Option ) to track BitCoin prices and rate switch. It is the best App Out there to track and Monitor your BitCoin investments.

Here is a snapshot of IQ Option it is very useful.

How secure is ZebPay?

  • Well I will say ZebPay is very secure and is a listed startup in India based out of Ahmedabad.
  • It is registered with NassComm.
  • And you can buy and sell at anytime within five seconds and transfer to your Bank account.
  • Thus it is very much secure and PCI-DSS Compliant also.

Lightly buy bitcoin with INR from any online banking or through NEFT/RTGS. Selling bitcoin is just as effortless, you will receive INR directly into your bank account. All banks that have IFSC are presently supported.

  • Better in UI than ZebPay
  • Little complicated to use
  • Is India’s largest bitcoin exchange
  • Clearly, Documents take more time than zebpay to verify
  • Cumbersome Document approval process

Will you make money as of Aug, seventeen by buying Bitcoins?

My reaction is a Strong yes. See the bitcoin price surge already and people haven’t began buying in mass bitcoin and when request increases the Buy Price and Sell Price increases too. Since it is in very nascent stage thus it will surely increase.

More Info About Bitcoin you may Want to read-

Why was Bitcoin Created?

In 2009, a software developer called Satoshi Nakamoto (no one can truly confirm this) created Bitcoin. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, bitcoin’s most significant characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can’t control their money.

How Do You Mine Bitcoin?

Around the world, people are using software programs that go after a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is loosely available so that anyone can get in on the activity. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only permits a limit of twenty one million Bitcoins to be mined and so far 16,141,163 Bitcoins have been mined. Once we hit twenty one million, that’s it!

You might be thinking that the last five million will go swift, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula’s difficulty linear with the total compute power. That means the more people that are mining Bitcoin, the stiffer it is to solve the formula. So that means the last five million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Who Would Accept A Digital Currency?

You’re most likely wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accept Bitcoin and it is seen as a mature currency that isn’t going to go away anytime soon. Below is just a sample list of petite to large companies that are accepting Bitcoin as payment.

WordPress – An online company that permits user to create free blogs

Overstock – A company that sells big ticket items at lower prices due to overstocking

Subway – Eat fresh

Microsoft – Users can buy content with Bitcoin on Xbox and Windows store

Reddit – You can buy premium features there with bitcoins

Cherry Galactic – Richard Branson company that includes Cherry Mobile and Cherry Airline

OkCupid – Online dating site

Tigerdirect – Major electronic online retailer

Expedia – Online travel booking agency

Gyft – Buy bounty cards using Bitcoin

Newegg – Online electronics retailer now uses bitpay to accept bitcoin as payment

1-800-FLOWERS – United States-based online floral and bounty retailer and distributor

Fiverr – Get almost anything done for $Five

Dell – American privately possessed multinational computer technology company

Wikipedia – The Free Encyclopedia with four 570 000+ article

Steam – Desktop gaming platform

Here are some of the advantages of using bitcoins.

Freedom of payment: With bitcoins it’s possible to send and receive

money to and from any corner of the world. You don’t need to worry about

crossing borders, switching plans for bank holidays, or other

limitations that come in mind while transferring money. You can control

all your bitcoin money. There’s no central authority to intervene.

No counterfeiting: Since there is no physical form of the currency,

bitcoins are free from counterfeiting. There are no risks of a country’s

economy losing crores in this regard.

Control and security: Permitting users total control in their

transactions help keep bitcoins safe for the network. Merchants can’t

levy any extra fees on anything sans being noticed. They have to seek

customer approval before adding charges. Payment via bitcoins can be

made without any individual information tied to the transactions, which in

turn, protects from identity thefts. Besides, bitcoins can be encrypted

and backed up to lend safety to your money.

Translucent information: All finalised transactions can be seen by

everyone, with the private details hidden. Only your public address is

visible. Anyone, at any time, is free to verify the bitcoin blockchain.

Also, the bitcoin protocol can’t be manipulated by any government,

organisation or person because the currency is cryptographically secure.

Low fees: Bitcoins may have very low fees or no fee at all. Users may

include charges to process the transaction quicker. The higher the fee,

the more priority it attracts on the network and quicker is the

processing time. Digital currency exchanges help merchants process

transactions by converting bitcoins to vapid currency. These services

usually have lower fees than credit cards.

Less risk for merchants: Bitcoin transactions are irreversible.

Merchants are thus protected from potential losses. They can also do

business where fraud rates are high because it’s utterly difficult to

con or cheat anyone due to the public ledger (blockchain).

What’s not so excellent?

Bitcoins are not entirely void of disadvantages. Here are some of them.

Lack of awareness: Most people are still unaware of the crypto

currency. They need to be decently educated in this regard. Networking

is significant to spread the word. The list of businesses accepting

bitcoins is still only a handful. A company should also have

knowledgeable staff treating digital currencies, and how they help

people use the digital currency.

Risk and volatility: Bitcoins are volatile largely because there’s a

limited number of coins with the request enhancing with each passing

day. But it’s expected that the volatility will decrease with time.

Still developing: Bitcoins are still in their infancy, with

incomplete features at various stages of development. Fresh features are

being developed to make the cryptocurrency more accessible and secure.

What’s the controversy?

Several reasons have converged over the past few years that have made

Bitcoins fairly a sensation for all the wrong reasons. From 2011-13,

criminal traders made the digital currency infamous, by buying them in

batches of millions to siphon money beyond the eyes of law. The value of

bitcoins, subsequently, breached the $1,000 per coin mark in late 2013.

With no government monitoring, banks and financial organisations are

totally unnecessary for the digital currency to stir. Bitcoin accounts

can’t be frozen or examined. Bankers and law enforcement officials see

bitcoins as “gold nuggets of the wild west”, beyond the control of

financial institutions and the traditional police.

Investment or speculation?

Its best to consider bitcoins as an alternative investment that

includes objects like antiques, wine, art, and even commodities. The

reason being that the value of these investments is not related to the

stock indices and rises when the market falls.

But that always is not the case. For example, in 2008, all

commodities tanked in tandem with the stock market, except gold, which

gained a modest Five.8%. The US dollar also took a hit as did several other

Thus in brief it is recommended to buy BitCoin in India on ZebPay (Promo Code – REF70986736 – To get 1000Rs as Free BitCoin Cash)

Download the app from website and then in Refer and Earn section come in this Promo Code.

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