Are you ready to buy your first bitcoin but not aware of where you can kickstart bitcoin trading? Then you have come to the right place where you will get input on how you can trade bitcoin. Bitcoin current price is continuously in an uptrend and the up move is still counting. Although, it is very easy to trade bitcoin, as a newbie you can read the beginner’s guide on cryptocurrency that may help you to have some basic knowledge.
Bitcoin trading is legal now in India but you need to invest your hard earned money in a secure and quality platform also. However, there are many sites in India but I have listed some of the best Indian bitcoin exchange platform.
Popular Bitcoin Trading Platform
Unocoin is one of the leading bitcoin sites that enables you to buy, sell, store, and accept bitcoin in India. You can easily buy bitcoin in Indian currency INR through NEFT or RTGS or receive directly into your bank whenever you sell them. It provides you a very simple, secure, and easy to use interface while trading bitcoin online.
Unocoin has a set of different offline storage with multiple addresses generated on a remote system and is not connected online. So, it secures your bitcoin against theft, loss, and hacking. You will have a private key that is encrypted, sealed and finally stored in multiple deposit lockers and also at different locations. Your bitcoin will still remain safe, in case any security breached in one location.
Unocoin charges on bitcoin trading
Whenever you trade bitcoins, Unocoin will charge you 1% on turnover along with other charges like government taxes and others.
It doesn’t matter whether you do buy or sell transactions. If you do bitcoin trading on a regular basis, then the fee drops to 0.7% from 1% with a higher trading limit per day.
Suppose you have bought bitcoin worth of Rs. 5000/- then your total cost will be 1% on Rs. 5000/- plus IGST of 18% on transaction fee. So you need to pay a transaction fee of Rs. 50/- and IGST of Rs. 9/-. Hence you will have to pay Rs. 5059/- in total and bitcoin worth of Rs. 5000/- will be stored in Unocoin wallet.
You can send bitcoins to other Unocoin users and also receive on your Unocoin wallet without any fee. However, if you send bitcoins to another external bitcoin address, then Unocoin deducts 0.0005 BTC from your Unocoin wallet. Furthermore, the fee gets changed without notice and so, check it before doing any kind of transaction.
Zebpay also involves in bitcoin trading and related activities and you can trade using their App. It lets you buy and sell bitcoins in India in an easy and fast way with their Zebpay App. Transacting bitcoins with Zebpay is secure and 100% insured too.
Your mobile number will be connected to your Zebpay account and you don’t need to backup you Zebpay wallet. Furthermore, your transaction will be protected with a 4 digit PIN to verify every buy and sell orders. Zebpay keeps your private keys of your bitcoins and secures your wallet. Moreover, it lets you lock down all your outgoing transactions too.
Zebpay charges on bitcoin trading
Zebpay charges are very low that is 0.2% on buying and selling bitcoins along with 18% IGST on transaction fee.
All the charges are added to the rate itself. However, Zebpay cut Rs. 10/- on all withdrawals to cover processing and bank charges.
Furthermore, you can easily send and receive bitcoins from other Zebpay users absolutely free. In case you send bitcoins to another bitcoin address, then you need to pay bitcoin network fee. Before you trade or transferred bitcoin, check out the latest fee as it updates on daily basis.
Coinsecure is another awesome bitcoin trading websites and provides you an easy, fast, and reliable way to own bitcoin. You can buy or sell a minimum amount of INR 100 or 0.001 BTC.
What I like about Coinsecure are their low price differences. That means buying price and selling price difference is not much as compared to other bitcoin trading platform. Moreover, you can use their Android app to trade bitcoin much easy and faster way.
Coinsecure Transaction Fee
Coinsecure charges 0.3% plus IGST of 18% on transaction fee. Because of low transaction fee and price difference, you can trade more and earn more.
You can start trading bitcoin by signup with any of the popular bitcoin exchange websites. However, there are many other bitcoin trading platforms available and so choose whatever fits you.
You will find lots of Bitcoin Websites in India that you can use to buy & sell Bitcoin. However, I prefer Coinsecure to trade and own bitcoin.
I hope you find this post informative and add value to you then share it with your friends and associates on Facebook, Twitter, Google+, and other social sites. Let me know in the comment section by expressing your views and suggestion on Indian bitcoin websites where we can put money and own bitcoin.