How to Buy Bitcoins in India without Getting Scammed

[ImThour]

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[1714022303]

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[1714022303]

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[1714022303]

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[1714022303]

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[manav24]

you can try wazirx, its a p2p platform and chances of getting scammed is next to none if you are aware of what you are doing.

[pawanjain]

As @manav24  has already mentioned, as per the current market, WazirX is the most legit way you can buy/sell crypto in India.
All you have to is to open an account on WazirX and then place a buy order to buy USDT from the P2P tab.
Once your order is matched you will have to deposit the INR to the user's account as displayed on WazirX.
Once you send the INR to the user's account he will release the USDT and it will get credited to your WazirX account.
After getting the USDT you can buy bitcoin or any altcoin from the exchange.

If you need any help you can post it here and anyone of us will be glad to help you.

[akram143]

I have a Localbitcoin account which I have only used to sell Bitcoins and have good reputation.

Buying bitcoins from LBC is more secured than selling because you have chances of getting money from hacked accounts while selling your bitcoin in p2p sites buy while buying there is no such kind risk but still follow the same strategy of trading with someone who have reputation and positive feedbacks in recent times.

[legendster]

Avoid Localbitcoins. (just my preference)

And use Localcryptos

Or Wazirx

I used to be one of the hot sellers on this forum as far as Indians are considered. These days I have over $15k traded on Localcryptos, there are people with way more trades there than me.

If you still need more help, talk to me. Either DM me here in the forum or find me on the community Telegram of V Systems.


Speaking of which. There's currently an airdrop for Vsys that is being conducted for the successful listing of Vsys on Bithumb.
Details here if interested.

[0zero0]

Wazirx is good exchange for Indians to get involved with crypto.
Wazirx has announced that it has brought back the INR deposits in the below article.

https://medium.com/wazirx/crypto-wins-inr-deposits-back-on-wazirx-ebd3e02fb968

So a much easier option would be to directly deposit INR into Wazirx and buy crypto with it.

[Anish_Rocky]

It is better to buy form Localbitcoins and WazirX if you want safe dealing. Don't go for direct dealers or unknown persons to find low value. People are doing scam to give low price.

[pawanjain]

As @manav24  has already mentioned, as per the current market, WazirX is the most legit way you can buy/sell crypto in India.
All you have to is to open an account on WazirX and then place a buy order to buy USDT from the P2P tab.
Once your order is matched you will have to deposit the INR to the user's account as displayed on WazirX.
Once you send the INR to the user's account he will release the USDT and it will get credited to your WazirX account.
After getting the USDT you can buy bitcoin or any altcoin from the exchange.

If you need any help you can post it here and anyone of us will be glad to help you.

Hey pawanjain,

I tried creating an account and when I was entering the phone number for verification it says my number is not a valid number for the selected country i.e. India. I need some help, i am entering the correct number.

Please help, thank you.

There should be some mistake from your side. May be you are selecting the wrong country code or entering the wrong number or something.
You can post the screenshots here or you can ping me on telegram @crptotrader for faster assistance.

[kabit9]

Unocoin is open for business again and a trusted Indian exchange.

[akram143]

Unocoin is open for business again and a trusted Indian exchange.

Right now I am trying from WazirX. Is there any difference between them? Thanks.

Unocoin is the oldest crypto exchange in India also resumed their deposit and withdrawal support on the other hand Wazirx is now owned by Binance so we know how much reputation they have.Both are good to go at the moment.

[ImThour]

Unocoin is open for business again and a trusted Indian exchange.

Right now I am trying from WazirX. Is there any difference between them? Thanks.

Unocoin is the oldest crypto exchange in India also resumed their deposit and withdrawal support on the other hand Wazirx is now owned by Binance so we know how much reputation they have.Both are good to go at the moment.

Thank you so much for the information. I will go with Unocoin however the pricing is way too much. 20k+ on 1 BTC.

[webtricks]

Unocoin is open for business again and a trusted Indian exchange.

Right now I am trying from WazirX. Is there any difference between them? Thanks.

Unocoin is the oldest crypto exchange in India also resumed their deposit and withdrawal support on the other hand Wazirx is now owned by Binance so we know how much reputation they have.Both are good to go at the moment.

Thank you so much for the information. I will go with Unocoin however the pricing is way too much. 20k+ on 1 BTC.

What do you mean by 20K+ on 1 BTC? Difference of ₹20,000 between buy/sell or $20,000 for 1 BTC?

I just checked the site and the buy price is ₹688000 and sell price is ₹645000. However, this price is based on exchange margin, you can always set your own buy price to buy cheaper.

I sold some of my btc today on WazirX at the price of ₹697000 today. The buy/sell margin on WazirX is hardly 200-300 INR. I would recommend you to use WazirX for now since it has lot more volume as compared to Unocoin currently. This may change in coming days.

[ImThour]

Unocoin is open for business again and a trusted Indian exchange.

Right now I am trying from WazirX. Is there any difference between them? Thanks.

Unocoin is the oldest crypto exchange in India also resumed their deposit and withdrawal support on the other hand Wazirx is now owned by Binance so we know how much reputation they have.Both are good to go at the moment.

Thank you so much for the information. I will go with Unocoin however the pricing is way too much. 20k+ on 1 BTC.

What do you mean by 20K+ on 1 BTC? Difference of ₹20,000 between buy/sell or $20,000 for 1 BTC?

I just checked the site and the buy price is ₹688000 and sell price is ₹645000. However, this price is based on exchange margin, you can always set your own buy price to buy cheaper.

I sold some of my btc today on WazirX at the price of ₹697000 today. The buy/sell margin on WazirX is hardly 200-300 INR. I would recommend you to use WazirX for now since it has lot more volume as compared to Unocoin currently. This may change in coming days.

Do you mind selling me some Bitcoins over here? I will go first.

[webtricks]

~~snip~~

Do you mind selling me some Bitcoins over here? I will go first.

Sorry I don't deal on forum due to privacy reasons.

[ImThour]

That’s okay. No problem! However the prices fall so badly😕

[akram143]

That’s okay. No problem! However the prices fall so badly😕

As a buyer it should be a happy situation for you.

I think you are yet to buy so you can buy more now with the same amount of INR which you have got to buy bitcoins.

[legendster]

Do you mind selling me some Bitcoins over here? I will go first.

I won't mind dealing with you. PM if you ever need any coins.

Or use my localcryptos profile to put an order.

https://localcryptos.com/profile/legendster

That’s okay. No problem! However the prices fall so badly😕

Yes, there's a saying. Buy the dip!
So if you time it right and can afford to, then go for it. When recovery happens - which will happen, just look at the charts, things would be very green.

But of course, only buy with one thing at the back of your mind, you may lose everything you invest, so invest accordingly.

[buddhasource]

You can now use WazirX to directly deposit and withdraw INR.
Banking channels have opened up.

I am one of the co-founder of WazirX and we are working hard to make things more instant this week.

[webtricks]

You can now use WazirX to directly deposit and withdraw INR.
Banking channels have opened up.

I am one of the co-founder of WazirX and we are working hard to make things more instant this week.

Hey Siddharth,
Good to see you back on the forum. I want to ask you a question. Can we use INR that we deposit directly on WazirX for P2P purchase? Or those can only be used to purchase in INR sub-section of 'Exchange'.

[iamsheikhadil]

Never ever buy from anyone without escrow, and that's why, you should always consider buying at localbitcoins or paxful because atleast in these websites, in expense of more fees, you are getting a worry free experience and chances to scam you are almost zero. But from a reputed trader and always check their reviews and ratings prior to buying.