Are you fresh to this craze of Bitcoin and want to buy Bitcoin ter India? Well, this article will response all your questions spil ter this article I will be sharing a step by step guide on How to Buy Bitcoin te India using Zebpay App.
Before kicking off the guide, I would like to inform you guys that investing money te cryptocurrency is always a risk. So, only invest an amount that you can afford to lose.
Let’s get back to the topic.
Buying Bitcoin te India is not tricky spil it sounds. An adult can lightly purchase BTC from his handelsbank account te India.
There are many exchanges that permit you to buy Bitcoin (BTC) from your handelsbank account. One of the most famous exchanges that I myself use is ZEBPAY.
ZEBPAY is one of India’s Very first Bitcoin Exchanges and is used by many thousands of Indians.
Instead of talking about Zebpay, let mij directly embark with the main topic of this article.
How to Buy Bitcoin from Zebpay
To buy Bitcoin from any exchange ter India, you will need the following:
Thesis are some basic requirements that you will have to fulfill ter any big exchange.
Note: There is no risk te providing PAN Card Details. The exchanges are themselves companies and they have to maintain records of their users.
Moreover, the Indian government will begin imposing taxes on profits from Crypto Market, so its better wij play by the rules.
How to Setup and Verify ZebPay Account
The very first step is to download the Official Zebpay App from its official webpagina or Google PlayStore or from this verbinding. Always make sure to dual check the app details before installing an app related to crypto. (Lots of scams toebijten te crypto industry).
Once you download the app, you will have to make an account on it. The App will ask for your mobile number to verify the account.
After you verify your mobile number, you will have to come in your remaining details.
Set-up a Speld Code. This Speld Code will be while making any form of transaction on ZebPay.
After this, inject your Canap Details, PAN Card And Aadhar Number to finish your Zebpay Account Verification.
Your account will be totally verified once you finish all the steps. Note that ZebPay takes 1-5 Business Days to Verify your account.
You can now buy Bitcoins from your Zebpay account.
Some Basics Before your Very first Bitcoin Investment
Now that your account is ready, its time for you to make your very first investment.
But before that, you vereiste be knowing some basics about Bitcoin (BTC)
You voorwaarde be knowing what a “PAISA” or a “CENT” is??
100 Paisa makes 1 Rupee and 100 Cents Makes 1 Dollar.
Ter the same way, te Bitcoin (?) wij have “SATOSHIS”. Now, BTC is divisible upto 8 decimal places. Here’s a quick conversion to make things clear.
- 1 ? = 100,000,000 Satoshi
- 0.1 ? = Ten,000,000 Satoshi
- 0.01 ? = 1,000,000 Satoshi
- 0.001 ? = 100,000 Satoshi
- 0.0001 ? = Ten,000 Satoshi
- 0.00001 ? = 1,000 Satoshi
- 0.000001 ? = 100 Satoshi
- 0.0000001 ? = Ten Satoshi
- 0.00000001 ? = 1 Satoshi
This is significant to know because once you begin trading altcoins (coins other than Bitcoin) you will have to see the value te Satoshis spil it becomes much lighter that way.
This also means that the smallest amount of BTC one can have is “1 Satoshis”. Bitcoin is not divisible after that.
Anyways, now you are ready to make your very first Investment.
Step by Step Guide to Buy your Very first BTC from Zebpay te India
To buy Bitcoins from Zebpay, you will have to very first DEPOSIT money from your Handelsbank Account to your Zebpay Account.
And then you can buy BTC from the funds ter your Zebpay Account.
Transferring Money from your Canap to Zebpay
Open your Zebpay App, Tapkast on “DEPOSIT” Button shown ter the snap:
There are Two options to transfer money from your bankgebouw.
How to Deposit Money on Zebpay using Nipt Banking
This is the simplest and the fastest method to add funds to your Zebpay account.
The ondergrens deposit amount is Rs 2500 and it takes toughly 5-10 minutes to get funds into your account. (It may take 24 hours te some cases – I always got instantly)
Tapkast on Payment Gateway,
Te the next screen, inject the amount that you want to deposit.
The next pagina will voorstelling you nipt banking charges,
By Tapping on “Proceed to Pay”, it will take you to the payment gateway where you can select one of the numerous payment options suggested by them.
Now, Accomplish the payment process accordingly!!
I usually use Netwerk Banking spil it is super quick and it instantly credits my Zebpay account.
There’s another method to deposit money into your Zebpay account.
How to Deposit Money on Zebpay Using NEFT / RTGS / IMPS
Using this method, the ondergrens amount that you can transfer is Rs Ten,000. And it takes 1-5 days to get your money transferred to your Zebpay account.
Inject the amount you wish to deposit. (Should be at least Rs 10000 te this case)
After clicking Next, you will be given the account details of Zebpay.
Deposit the amount to the given handelsbank details and click Next. Make sure to deposit money from the Bankgebouw account that you affixed to your Zebpay account
The next pagina will showcase you the details of your handelsbank account. This will display the details of the canap account that you affixed with Zebpay.
Come in the reference number of your transaction on this screen.
Done. You will be getting a confirmation SMS and Email once the payment gets fully processed.
You will be able to see your funds within 1-5 Days.
You have successfully added money to your Zebpay Account.
It’s time to Eventually Purchase your very first Bitcoin.
Purchasing BTC from your Zebpay Account
Now that you have money te your Zebpay funds, you can instantly buy Bitcoins from it.
To buy Bitcoin, simply open Zebpay App and Tapkast on BUY Button.
Once you tapkast on it, you will be shown the current price of Bitcoin on Zebpay. (Exchanges set prices a bit higher)
Inject the amount ter Rupees. If you come in Rs 250000, it means you will get BTC worth Rs 250000.
You can buy BTC worth Rs 1000 or more. It should not be more than the funds you have ter your Zebpay account.
Spil soon spil you tapkast on Buy Button, Zebpay will ask your Speld CODE that you set during Zebpay account creation.
Once you come in the keurig Speld, your BTC Purchase will be finish.
You will get a confirmation mail spil well.
To check your BTC Balance, you can simply open the Zebpay app and see your Bitcoin on the app huis screen.
Anyways, before closing this article, do read the next heading spil it is something YOU SHOULD BE KNOWING.
Final Tips for Indian Bitcoin Investors
- Don’t make big transactions at once.
- Exchanges like Zebpay set their own Buy and Sell Prices. Sell price will be always lower than Buy Price. Don’t funk by eyeing your BTC Sell price lower than the price you purchased it.
- You can book your profits and keep the money (te Rs) ter Zebpay itself.
- Only Invest an amount you can afford to lose.
- The prices are volatile. Always avoid selling at a loss. You will not lose anything unless you sell it at a loss.
- Don’t fall for scams and traps. Do not transfer or send your BTC to anyone unless trusted.
That’s it, guys. I attempted to keep this guide very elementary and novice friendly. I hope you can now lightly buy your very first Bitcoin ter India using Zebpay.
I have much more to share, so stay updated and keep visiting iftiCrypto.