Are you looking to invest in Bitcoin but unsure of how to start buying using INR? Good news- some Indian exchanges allow users to invest in crypto via UPI. You do not require a credit or a debit card, and it’s also very fast and easy. You can simply start your crypto trading journey with a smartphone and a UPI ID.
Check out this blog till the end to know how you can buy Bitcoin in INR using UPI and why Mudrex is one of the best platforms in India to do it.
As you all know, Bitcoin is the most popular cryptocurrency in the world, and owning a small part of it can be a good option for future-focused investors. However, traditional payment options like debit cards or wire transfers, which have been used for this long, can be slow, expensive, and outright unavailable in India. However, UPI has made it much simpler for Indian investors.
Here are some major benefits of using UPI for crypto purchases in India:
Selecting the right exchange for trading crypto in India is very crucial. You want a platform that is safe, beginner-friendly friendly and supports INR and UPI without any hidden charges. Here is a comparison table of the best crypto exchanges in India.
Mudrex is a user-friendly crypto platform that supports UPI transactions. It allows seamless deposits in INR and also ensures a secure trading experience by requiring KYC verification. Featuring a low trading fee of just 0.1%, Mudrex stands out as an efficient and cost-effective platform for Indian traders.
CoinDCX is another popular crypto exchange in India that supports UPI transactions. It has mandatory KYC compliances to ensure security for the traders. CoinDCX also features a low trading fee between 0.1-0.2% and is a flexible option for both casual and active traders.
ZebPay is one of the oldest Indian crypto exchanges that offers dependable and smooth UPI support for Indian users. The platform ensures the security of the traders by employing KYC compliance. It also has a low trading fee of 0.15% and strikes a good balance between affordability and functionality.
Begin by registering on an RBI-approved and secured crypto exchange like Mudrex. The platform supports UPI payments, offers low transaction fees, and is also friendly for beginners.
Yes, if done from the right platform, buying Bitcoin with UPI is completely safe and legal in India.
Always use reputed exchanges like Mudrex that offer strong encryption and also follow RBI protocols.
ALSO READ: What Makes A Crypto Crypto Exchange Legal in India.
You won’t have to navigate complex technical procedures or use foreign payment systems to transact on cryptocurrencies in India. With UPI, buying crypto has become fast, intuitive, and accessible to every Indian with a bank account and a smartphone. Whether you are a beginner in trading or a seasoned investor, UPI cuts down the barriers and simplifies crypto investments in India.
Exchanges like Mudrex have significantly revolutionized the crypto experience in India. From hassle-free onboarding to a quick KYC experience and secured UPI deposits, Mudrex offers everything you need to kickstart your crypto trading journey. The platform is designed to make your crypto investment as simple as using your favourite payment app.
If you have been sitting on the sidelines, join the Mudrex Telegram community to navigate your crypto trading journey safely. With Mudrex, buying Bitcoin has become very easy and stress-free.
Yes, you can use the RBI-registered platforms supporting KYC to buy Bitcoin in India using UPI. Platforms like Mudrex allow users to buy Bitcoin using UPI.
Mudrex is one of the best choices for UPI support, having low fees and a secured infrastructure. It is especially suitable for beginners.
You have to complete your KYC on the registered platform before you can buy Bitcoin from the same. Traders have to verify their account using an Aadhar Card or PAN Card before they can buy Bitcoin with UPI.
Yes! Platforms like Mudrex allow you to sell Bitcoin and convert it to INR. Once converted, you can withdraw it directly into your bank account using UPI.
