How to buy Bitcoin in India with Bitbns

how to buy bitcoin
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How to buy Bitcoin in India with Bitbns

Hello friends, everybody wants to save and invest some money for future. And in pandemic situation like this it is very important to have some saving for uncertain future. And Bitcoin is one of the best investments you can make in this tough times so if you want to invest in bitcoin then this article will teach you how to buy bitcoin in india.

For buying Bitcoin you need to have an account on exchange and there are plenty of exchanges out there in India. In this article you’ll learn about Bitbns, so read this article till end to find out how to buy bitcoin in india with bitbns

What is Bitbns ?

Bitbns is an Indian cryptocurrency exchange which was launched on 14 December 2017. Apparently, Bitbns stands for Bitcoin buy ‘n’ sell. Bitbns , in the midst of the Bitcoin frenzy. You can trade more than 70 different cryptocurrencies on this exchange.

Why Bitbns ?

Bitbns is amongst top 3 exchanges of India and they provide almost everything which their competitors offers. Also they have other exciting and beneficial products like FIP and SIP in Bitcoin through which you can increase your savings in long term.

How to buy Bitcoin in India with Bitbns ?

Follow these steps to buy Bitcoin in India with Bitbns :-

Step 1 – Download Bitbns app from Playstore or App Store

Step 2 – Create an account and complete KYC by verifying your documents. (PAN card, bank account details and Aadhaar card). Your account will be verfied within 30 minutes.

Step 3 – Transfer funds to your Bitbns account using NEFT/RTGS/IMPS

Step 4 – Buy bitcoin under the market tab.

You can buy 70+ cryptocurrencies on Bitbns exchange and get services like FIP and SIP in other cryptocurrency. In July 2020 they also launched their own cryptocurrency token called BNS which they claim to have lots of utilities.

Bitdoplet :-

How to buy Bitcoin in India with Bitbns
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Bitdroplet is a secure platform developed by Bitbns, which allows an investor to invest in bitcoin and other cryptocurrency through a Systematic Purchase Plan (SPP). SPP is similar to Systematic Investment Plan (SIP) in conventional stock investments, except that it has been created exclusively for investments in cryptocurrencies.

You can start your investment in Bitcoin for as low as 76 Rs/day or more throuh Bitdroplet.

FAQ about How to buy Bitcoin in India with Bitbns :-

How to buy Bitcoin in India with Bitbns
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Is Bitcoin legal in India?

Yes! You can legally invest in or buy bitcoin and other cryptocurrencies in India. Crypto-exchanges are allowed to have transactions through banks in India.

RBI says Bitcoin is Illegal. Is this true?

2 years back in July 2018, RBI directed all financial corporations to cut off ties with any entity dealing in cryptocurrencies. But The Internet And Mobile Assocaition of India (IAMAI) challenged the ban in Supreme Court and in March 2020, Supreme Court of India LIFTED the ban RBI implemented in March 2020.

which means that:

Bitcoin is not illegal

Users can deposit money to cryptocurrency exchanges to buy Bitcoin and other cryptocurrency.

Conclusion :-

This article clears your doubt about How to buy Bitcoin in India with Bitbns and gives you information about other services of Bitbns and FAQs about bitcoin legality. Share this articles with your friends who want to invest in Bitcoin in 2020.

Tags – Bitcoin trading in India

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