Binance is the world’s largest crypto exchange trusted by millions of users worldwide. Our platform has the option for Indian investors to buy and sell cryptocurrencies with INR. Follow the steps that are mentioned in the PPT to buy bitcoin with INR in India.
2. Binance is the world’s largest crypto exchange trusted by millions of users
worldwide. Our platform has the option for Indian investors to buy and sell
cryptocurrencies with INR. Follow our steps below to buy bitcoin with INR in India.
3. STEP 1: Create your Binance Account
Sign up with Binance and fill in the required details like your email address or
mobile phone number. Always remember to choose a strong password for your
crypto wallet to ensure safety and security. You can also download the mobile
phone application to make your Binance account. You can also protect your
account with 2FA or two-factor authentication, providing an additional layer of
security. Click on the “Security” option under the profile tab.
4. STEP 2: Complete your KYC verification
KYC (Know your customer) is the mandatory verification of a client’s identity by a
financial institution. The KYC process includes various documents that can be
used to verify your identity such as a valid identification card, utility bills, and so
on. Click on the profile tab, and then select the identification option from the
dropdown menu.
5. STEP 3: Verify your identity
After entering your KYC details, click on the VERIFY button to start the verification
process. Please note that the submitted documents should only be issued by the
authorities of your nationality.
6. STEP 4: Complete the Verification
Confirm that the submitted details are accurate to get your KYC verification
accepted. The verification process might take some time, after which your account
will be ready for trading. You’ll also have the option to switch from basic to
advanced verification models.
7. STEP 5: Buy bitcoin in INR through Binance P2P
Binance P2P (Peer-to-peer exchange) is a marketplace where people can trade
crypto directly with each other on their terms, in virtually any country. With more
than 70 fiat currencies, the P2P marketplace makes it easy for Indian investors to
buy and sell cryptocurrencies in INR.
To visit the marketplace, click on the wallet tab, and then the P2P option from the
dropdown menu.
8. STEP 6: Fill in your requirements to buy bitcoin
Select BTC as the cryptocurrency to trade, and then the ‘BUY’ option. Enter the
amount you are willing to purchase with INR as the fiat currency. Select the
payment option that you prefer among the various alternatives present. Click on
the “only show merchant ads” option for a list of verified merchants by Binance
along with the bitcoin to INR price, and their minimum and maximum limit of
selling.
9. STEP 7: Purchasing bitcoin from merchants
After selecting the suitable merchant, click on the “BUY BTC” option and fill in the
amount to purchase in your selected fiat currency.
After clicking on “BUY BTC”, you'll have a 15-minute time frame to transfer the
fund to the merchant through the payment option selected earlier. Make the
payment, and then click “Transferred, NEXT”.
10. STEP 8: Receiving bitcoin from the merchant
The merchant will get a notification to transfer the amount of bitcoin bought into
your account. You will receive your bitcoin within a few minutes from the
merchant.