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Buy Bitcoins and other cryptocurrencies in India

There are dozens of exchanges in India that allows users to buy and trade in Bitcoins and other crypto-currencies. Almost everyone in India, at least the millennials, have heard of Bitcoins and they want to know where to or how to buy it.

I often see people in Quora asking for the names of trusted exchanges to buy bitcoins from. While some of the answers are helpful others are an outright self-promotion. They answer for the sake of promoting their own exchanges. They tell people that they can invest in this and this exchange as it is the best, bla bla bla. Stay away from those exchanges. They are mostly fly-by-night companies and aren’t funded by any Venture Capitalists (VC). You don’t wanna lose your hard earned money that way.

One should only trade in trusted, VC funded and well-known exchanges. It doesn’t however, mean that there is no risk involved. It is very risky. But high rewards comes with big risks. I have seen Bitcoin grow from under $1,000 to over $20,000.

This post will list all the reputed exchanges in India. This list will continue to grow with time.

Here are the top 5 VC funded and trusted exchanges to buy bitcoins in India in 2018

  • Zebpay
  • Koinex
  • Coinsecure
  • Unocoin
  • Coinome

1 Zebpay

This was the first bitcoin exchange to be founded in India. It is actually a Singapore headquartered company with IT office in Ahmedabad, Gujarat and an office in Mumbai as well.

It was founded by Mahin Gupta in 2012 as buysellbitco.in before being rebranded as Zebpay in September 2014 after roping in two more partners – Saurabh Agrawal and Sandeep Goenka.

They raised up to $1 million dollars in Series A funding in early 2016. There were also talks to raise another $4-5 million dollars. Nothing is known about it being a success or a failure though.

Coins supported –

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Ripple (XRP)

Here is an infographic on Zebpay-

Zebpay

 

Where to sign up? Zebpay is an entirely app-based wallet/exchange. I personally use it to trade in Bitcoins. You can download Zebpay right here

http://link.zebpay.com/ref/REF92682444

Use the referral code REF92682444  and get bits worth 100 Rs.

 

2 Koinex

Koinex, a Mumbai based cryptocurrency trading platform was founded by Rakesh Yadav, Rahul Raj and Aditya Naik in August 2017.

They have raised an undisclosed amount of funding in Pre-Series A funding from reputed names such as Pantera Capital and Beenext. I personally use this platform apart from Zebpay.

N.B. When signing up for Koinex, be sure to use the same username as the name in your documents.

Coins supported –

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Aeternity (AE)
  • Basic Attention Token (BAT)
  • Ethereum (ETH)
  • Golem (GNT)
  • Litecoin (LTC)
  • Omisego (OMG)
  • Request (REQ)
  • Ripple (XRP)
  • Stellar (XLM)
  • Tron TRX)
  • Ox Protocol (ORX)

This is the only VC funded exchange that supports Tron at the moment. I am a huge believer in Tron partly because of its founder Justin Sun and partly because of their massive and talented development team.

Koinex

Where to sign up?  Right here –

KOINEX

3 Coinsecure

It was founded in 2014 by Benson Samuel and Mohit Kalra. It is a company based in New Delhi. One of the features of this exchange is that even users from other countries can trade in this platform.

They closed a Series – A funding of $1 million from Bnk To The Future. Coinsecure was also shortlisted as a Tech30 company at TechSparks 2017, the eighth edition of YourStory’s annual flagship event.

Coins supported –

  • Bitcoin (BTC)

Coinsecure

 

Where to sign up? Right here below. Add a code “Narzary” and get 10% off on your trading charges. All exchanges chargers extra fee on buying and selling. You will save 10% by signing up below and typing in the referral code “Narzary” when prompted.

COINSECURE

 

4 Unocoin

Unocoin was founded in July 2017 in Tumakuru, Karnataka. They’ve since moved to Bengaluru. It was founded by Sathvik Vishwanath, Harish B V, Abhinand Kaseti and Sunny Ray.

They raised $1.75 million in a pre-Series-A round from Blume Ventures, Mumbai Angels and ah! Ventures, along with other international investors. It is the highest fundraiser in the history of Indian crypto-currency exchanges.

Coins supported –

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)

Unocoin

 

Where to sign up? Right here below-

 

5 Coinome

While this is not a VC funded company, it is backed by BillDesk, a billion dollar Indian payments company. This company, therefore, has a solid backing behind it.

Headquartered in Mumbai, this is another exchange in India, apart from Unocoin, that has an instant e-KYC facility at the moment.

Coinome

 

Coins supported –

  • Bitcoin (BTC)
  • Bitcoin cash (BCH)
  • Litecoin (LTC)
  • Zcash (ZEC)
  • Dash (DASH)
  • DigiByte (DGB)
  • Qtum (QTUM))

Where to sign up? Right here

COINOME

That wraps up this post about top five, VC-funded and trusted exchanges from where you can buy bitcoins and other cryptocurrencies in India.

N.B. Trading in bitcoins or any cryptocurrency is very risky. Do it at your own discretion.