How to Buy and Sell Bitcoins in India 2022 Tip

Check How to Buy and Sell Bitcoins in India

Since the beginning of the year alone, it has skyrocketed by more than 120%. While the asset class has suffered setbacks, digital currency has remained popular around the world, so much so that global central banks are now looking at ways and considering bringing digital currencies into the mainstream. Institutional adjustment is one of the main reasons why Bitcoin has risen exponentially. Due to the global inflation scenario, Bitcoin is considered a safe haven. The recent debut of Bitcoin ETFs (Exchange Traded Funds) on the New York Stock Exchange also sparked a surge in Bitcoin prices, along with a record October for the broader stock market.

Additionally, much of Bitcoin’s rise was due to the decision by PayPal, which has 350 million users, to allow crypto payments. Your investment journey could go a lot smoother if you research the platform you would use to trade cryptocurrencies. Factors you should consider include ease of use, smooth interface, and support for trading pairs. Aside from these must-have requirements, you should look for a platform that charges a minimal trading fee. Otherwise, the profits you could make from a bitcoin trade will be less.

How to sign up for Unocoin (on desktop)

• First of all, go to the Unocoin home page to create an account. You will need to use a valid email id and choose a strong password to get started.
• Now that you have an account, the first thing you will need to do is provide your bank details, as well as your proof of identification and PAN number,
• Once you provide all the details, it may take a few days for Unocoin to verify your information, after which, you should be able to start trading Bitcoins. Once you get the go-ahead, you can transfer money from your bank account to Unocoin and use it for various reasons, including, of course, buying and selling Bitcoins.
• You can also convert your ‘altcoins’ to Bitcoins if you wish. Unocoin currently only supports Litecoin, Ethereum Classic, Ethereum, Monero, Ripple, Lisk, and Factom. However, you cannot convert your Bitcoins into altcoins at Unocoins.

How to sign up for Unocoin (mobile app)

• First of all, download the Unocoin app on your device and turn it on. Once you get past the home screens, you will need to register with a valid email address. Once you provide your email and a strong password, you will receive a verification email that you need to click to verify your mail ID. You will then need to set up a 6-digit “passcode” of your choice.
• Once you confirm your access code, you will immediately be prompted to verify your bank details. So tap on the ‘Get Verification’ prompt on the next screen and provide your PAN card details, photo, proof of address and proof of ID. Unocoin says it could take a couple of days to go through the process based on RBI requirements.
• Once verified, you will receive the confirmation email on your registered email ID and be ready to start trading in no time. At press time, the ‘purchase’ value of 1 Bitcoin was just over Rs. 8,67,000, while if you are looking to sell one, you will get around Rs. 8,00,000 only.

Final words: How to Buy and Sell Bitcoins in India

I hope you understand this article How to Buy and Sell Bitcoins in India, if your answer is no then you can ask anything via contact forum section related to this article. And if your answer is yes then please share this article with your family and friends.