Title: How Can You Buy Bitcoin In INR On Binance?
1How Can You Buy Bitcoin In INR On Binance?
2- Binance is the worlds largest crypto exchange
trusted by millions of users worldwide. Our
platform has the option for Indian investors to
buy and sell cryptocurrencies with INR. Follow
our steps below to buy bitcoin with INR in India.
3STEP 1 Create your Binance Account
- Sign up with Binance and fill in the required
details like your email address or mobile phone
number. Always remember to choose a strong
password for your crypto wallet to ensure safety
and security. You can also download the mobile
phone application to make your Binance account.
You can also protect your account with 2FA or
two-factor authentication, providing an
additional layer of security. Click on the
Security option under the profile tab.
4STEP 2 Complete your KYC verification
- KYC (Know your customer) is the mandatory
verification of a clients identity by a
financial institution. The KYC process includes
various documents that can be used to verify your
identity such as a valid identification card,
utility bills, and so on. Click on the profile
tab, and then select the identification option
from the dropdown menu.
5STEP 3 Verify your identity
- After entering your KYC details, click on the
VERIFY button to start the verification process.
Please note that the submitted documents should
only be issued by the authorities of your
nationality.
6STEP 4 Complete the Verification
- Confirm that the submitted details are accurate
to get your KYC verification accepted. The
verification process might take some time, after
which your account will be ready for trading.
Youll also have the option to switch from basic
to advanced verification models.
7STEP 5 Buy bitcoin in INR through Binance P2P
- Binance P2P (Peer-to-peer exchange) is a
marketplace where people can trade crypto
directly with each other on their terms, in
virtually any country. With more than 70 fiat
currencies, the P2P marketplace makes it easy for
Indian investors to buy and sell cryptocurrencies
in INR. - To visit the marketplace, click on the wallet
tab, and then the P2P option from the dropdown
menu.
8STEP 6 Fill in your requirements to buy bitcoin
- Select BTC as the cryptocurrency to trade, and
then the BUY option. Enter the amount you are
willing to purchase with INR as the fiat
currency. Select the payment option that you
prefer among the various alternatives present.
Click on the only show merchant ads option for
a list of verified merchants by Binance along
with the bitcoin to INR price, and their minimum
and maximum limit of selling.
9STEP 7 Purchasing bitcoin from merchants
- After selecting the suitable merchant, click on
the BUY BTC option and fill in the amount to
purchase in your selected fiat currency. - After clicking on BUY BTC, you'll have a
15-minute time frame to transfer the fund to the
merchant through the payment option selected
earlier. Make the payment, and then click
Transferred, NEXT.
10STEP 8 Receiving bitcoin from the merchant
- The merchant will get a notification to transfer
the amount of bitcoin bought into your account.
You will receive your bitcoin within a few
minutes from the merchant.
11 Thank You!