What are the best ways to buy and sell digital currencies with INR in India?
turboNov 29, 2021 · 3 years ago3 answers
I am looking for the most reliable and convenient methods to buy and sell digital currencies using Indian Rupees (INR) in India. Can you suggest some of the best ways to do so?
3 answers
- Nov 29, 2021 · 3 years agoOne of the best ways to buy and sell digital currencies with INR in India is through cryptocurrency exchanges. Platforms like Binance, Coinbase, and WazirX offer a wide range of cryptocurrencies and support INR deposits and withdrawals. These exchanges provide a secure and regulated environment for trading digital currencies. Additionally, peer-to-peer (P2P) platforms like LocalBitcoins and Paxful allow users to directly buy and sell cryptocurrencies with other individuals in India using INR. These platforms offer various payment methods and provide escrow services to ensure safe transactions.
- Nov 29, 2021 · 3 years agoIf you prefer a more personalized approach, you can consider over-the-counter (OTC) trading. OTC trading allows you to buy and sell digital currencies directly with individuals or brokers. This method is suitable for large transactions and offers more flexibility in terms of pricing and negotiation. However, OTC trading may involve higher fees and requires more trust between the parties involved. It is important to conduct thorough research and due diligence before engaging in OTC trading.
- Nov 29, 2021 · 3 years agoBYDFi is a popular digital currency exchange in India that offers a seamless experience for buying and selling cryptocurrencies with INR. With BYDFi, you can easily deposit INR into your account and trade a wide range of digital currencies. The platform provides advanced trading features, including limit orders and stop-loss orders, to help you optimize your trading strategy. BYDFi also offers a user-friendly interface and responsive customer support to assist you throughout your trading journey.
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