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What are the popular payment methods for purchasing bitcoin in India?

avatarmiletOfficialJan 05, 2022 · 3 years ago4 answers

I am interested in buying bitcoin in India and I would like to know what are the popular payment methods available for purchasing bitcoin? Can you provide me with some information on the most commonly used payment methods in India for buying bitcoin?

What are the popular payment methods for purchasing bitcoin in India?
Bitcoin
Payment Methods
India

4 answers

  • avatarJan 05, 2022 · 3 years ago
    One of the popular payment methods for purchasing bitcoin in India is through bank transfers. Many cryptocurrency exchanges in India allow users to link their bank accounts and transfer funds directly to buy bitcoin. This method is convenient and widely used by Indian investors.
  • avatarJan 05, 2022 · 3 years ago
    Another popular payment method for purchasing bitcoin in India is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing them to negotiate the terms of the trade, including the payment method. Popular P2P trading platforms in India include LocalBitcoins and WazirX P2P.
  • avatarJan 05, 2022 · 3 years ago
    At BYDFi, a popular payment method for purchasing bitcoin in India is through debit or credit card payments. Users can easily buy bitcoin using their debit or credit cards on the BYDFi platform. This method is convenient and provides instant access to bitcoin.
  • avatarJan 05, 2022 · 3 years ago
    In addition to bank transfers, P2P trading, and debit/credit card payments, other popular payment methods for purchasing bitcoin in India include digital wallets like Paytm and UPI (Unified Payments Interface). These digital payment methods are widely used in India and provide a seamless and quick way to buy bitcoin.

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