How to buy Cryptocurrency: Buying cryptocurrency is not a big deal in today’s time, if you want to buy bitcoin, then today there are many options to buy bitcoin in India from where you can buy and sell bitcoin. We have told about Top 5 Cryptocurrency exchange app in an article, you can also get information from there which exchange will be right for you.
How to Buy Bitcoin from CoinDCX?
CoinDCX is the best trading app for crypto assets in India. With this Cryptocurrency exchange app, users can use Indian Rupees to trade in crypto. In this app, the entire setup process takes place using OTP on the registered mobile number and email id of the users. Users can learn a lot about investing in cryptocurrencies and how they work in the virtual world if they go to the app’s Settings tap. CoinDCX charges a maker and taker charge of 0.1 percent with a minimum withdrawal limit of Rs 1,000 without charge. Along with this, money can be deposited in the account through NEFT, IMPS, RTGS, UPI and bank transfer. This app has a large set of security. Users need to verify themselves using a Google certified app. Without this trading cannot be started. In this, you will also have to set a withdrawal password, which will have to be entered on every withdrawal. Users can download CoinDCX on both Android Smartphone and iPhone.
Reasons to invest in cryptocurrencies in 2022
- Legal to buy bitcoins
- Growing alternative asset class
- Ability to provide high returns
So let’s talk about how to invest in cryptocurrency. Let’s talk about India’s well-known crypto exchange CoinDCX.
Step 1:- Login & Signup
To buy cryptocurrency from CoinDCX, you must first go to CoinDCX’s website or app and create an account in it. You will have some kind of interface to signup. In which you can signup by entering Name, E-mail ID and Password.
Step 2:- Mobile Verification
Once your email is verified then the next step is to verify your mobile number. By going to the mobile number option, you have to enter your 10 digit Indian mobile number. After entering, you have to choose the option of send otp. Verification OTP You will get an OTP via SMS. After entering this OTP, you have to click on verify. So that your mobile number will be verified.
Step 3 – KYC Verification & Details
Once your email and mobile number have been verified then you will have to fill your details and upload the KYC documents for verification. For KYC, you have to upload your personal details such as Name, Date-of-Birth, Address, PAN Card, Aadhr Card (Driving License or Passport) details along with PAN Card and Aadhar Card photo with selfie.
Note: Before submitting the final, check everything once more, this reduces the chances of making a mistake.
After clicking on the submit for verification button, your verification process starts in the backend. After submitting KYC, KYC approval will be received in 24 hours and then you will be able to buy currency like bitcoin, even if for some reason your account is not approved, you still get a mail with the reason for rejection. After reading which you can apply for verification again.
Step 4:- Add Money
After KYC is verified, for the amount of bitcoin you want to buy, you have to click on fund on CoinDCX app and then click on deposit. Now you have to click on instant deposit and you can send the payment to CoinDCX bank account from your verified bank account in CoinDCX. Your money will come to CoinDCX as soon as you send the payment, now you can buy bitcoin from them.
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