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How to buy Ethereum in India?

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Well, I understand the pain you are having. With so much information here and there, it is very difficult to know what is right and what is wrong. Do not worry, BharataFinance is the one-stop solution for all your queries.

Today, I would be answering how you can buy Ethereum in India. But before that, I suggest you create accounts with all these websites – See here

buy ehtereum in India

Ethereum is the future of Technology. Companies like Microsoft and IBM have seen the potential of Etherium and they are investing heavily into it. And this makes it a perfect time to enter the market. One month back ETH was less than 100 USD, and it is currently priced at 250 USD. Would you like to wait more before stepping in? Don’t.

It is predicted that Ethereum may touch 2000 USD by the end of December 2017

We all have already witnessed the growth of Bitcoin. Ethereum, on the other hand, has just started growing. This is why you should get on the train as soon as possible. The price is touching high every other day.

Jump in before Ethereum touches 300USD (Current price is 400USD).

Is Ethereum Legal?

It is. There is a difference between being legal and being authorized by the Government. Ethereum is a technology. Cryptocurrencies are still new. And it will take some time for people to understand. The Government, at this point of time, is not regulating the price of Ethereum, bitcoin or any other cryptocurrencies, which is why you may see different price BUY and SELL prices. It means that you can invest in Ethereum, Bitcoin, and other cryptocurrencies, but the risk is yours.

Do not confuse NOT YET TO BE AUTHORISED with illegality.

Japan has accepted BTC as a legal form of payment. I am sure it is just a matter of time for the other countries to accept Bitcoins and other cryptocurrencies to accept cryptocurrencies and their legal form of payment.

How to purchase Ethereum in India?

There are many exchanges, but they are either very complex or take months to activate your account. If you do not want to wait forever, this is what you can do.

Accounts you would need:

1. Sign up with Pocketbits: They are fast, super fast. – Here is the guide to buying Bitcoins from Pocketbits.

2. Sign up with Coinbase: Sign Up Link Once purchased, shift your Bitcoins to your Coinbase wallet. When you sign up with the above link, you will get 10USD in your Coinbase wallet.

3. Signup with Changelly: Sign Up Link It is now time to convert your Bitcoins to Ethereum.

How to Convert Bitcoins to Ethereum

You can use various methods. However, I prefer Changelly to any other cryptocurrencies converter.

  1. Login to Changelly.
  2. Enter the BITCOIN amount you would like to exchange. It will show the equivalent ETH you would get in exchange. Hit the exchange button.

3. Review the details in the next step. Click Next.

4. Enter Recipient’s address: Here you need to enter your ETH wallet address of your Coinbase account. Hit Next.

5. Confirm and make the payment. Be careful and check all the details before processing.

changelly 5

6. Then, it will show you their Bitcoin wallet address. Copy their BTC wallet address.

7. Head over to your Coinbase account and send them the exact BTC amount and wait for them to confirm.

 

Once it is transferred to their account, after some time, ETH will be displayed in your Coinbase wallet. Tada! Done. Happy Investing.

Update 1: You can also buy Ethereum from Poloneix. The detailed guide is mentioned here.

Update 2: How to buy Ethereum for cheap?

To reduce the transactional charges, you can do this:

Steps:

  1. Buy from Zebpay or Pocketbits.
  2. Login to changelly and follow all the steps till step 6 as mentioned above.
  3. In step 7, instead of sending it from your Coinbase wallet, send BTC to Changelly directly from your Pocketbits wallet. So, this way you will be saving one transactional cost.

If you have any doubts, feel free to drop a comment and I will be happy to help.

Want to get started with multiple cryptocurrencies? Create accounts in all these websites – Click Here

15 Comments

  1. Nishant Nishant

    Sir,

    Thanks for providing valuable info.

    I still have a query or two in my mind

    1) Why is bitcoin value so high on pocketbits ( $3200 ) as compared to $2870 (In coinbase). Will it affect the quantity of it while transferring on coinbase.

    2) When i am selling the same, is the procedure same — changelly — coinbase — pocketbits.

    Regards

    • VK VK

      Hi Admin
      Could you please reply to this query
      1) Why is bitcoin value so high on pocketbits ( $3200 ) as compared to $2870 (In coinbase). Will it affect the quantity of it while transferring on coinbase.

  2. Dheeraj Verma Dheeraj Verma

    Why it need to send to bitcoin first coinbase. We can directly send it to changelly from zebpay.

    Please explain

    • admin admin

      Yes, you can.

      • sudip kumar ghosh sudip kumar ghosh

        how can i? please elaborate

  3. Deepak Deepak

    I made an account on coin base and transferred bitcoins from pocket bits, it’s showing me transaction pending status. Please let me know how much time it takes for it to reflect?

    • admin admin

      It should not take more than 30 minutes.

  4. Atmanand Atmanand

    Hi Sanjib,
    Thanks for the detailed post on how to buy Ethereum.
    I just wanted to try this out and did so.. However i believe there are too many levels of conversion.. and it ends up eating way almost 20% of the amount invested to buy bitcoin..

    Is there a way we can avoid one level of transfer/conversion?
    I followed as you mentioned..
    1) Buy bitcoin through pocketbits.. (They are expensive when compared to zebpay.)
    2) Transferred the btc to coin base
    3) On Changelly i exchanged btc for ethereum and then back to coinbase..

    Someone commented saying we can directly transfer from zebpay to changelly..
    If that’s possible then we save atleast close to 10%..
    Can you please confirm that’s possible and also provide the steps if possible?

    Regards,

    • admin admin

      Yes, that is possible. I need to update this post, I will do it in next few hours.

  5. Sumit Sumit

    Hi Sanjib,

    i am not aware of any Bitcoin or Ethereum , can you please suggest, with how much minimum amount in INR we can start investing in it.

    • admin admin

      Hi Sumit, It depends on your risk taking capacity. You can even start with 500INR.But there are transactional charges, so with that investment, you would hardly be making anything.
      Whatever is the amount, Diversify: Ethereum – 70 Percent Bitcoin – 30 Percent.

  6. Aniket Bhadane Aniket Bhadane

    Please can you explain how to transfer bitcoins from Coinbase back to Zebpay?

    • admin admin

      The process is all same. There is a send option in Coinbase. You just need to send it to your Zebpay wallet BTC address.

  7. sudip kumar ghosh sudip kumar ghosh

    i have account with zebpay . i want to transfer my zebpay bitcoin. to etheteum.how do i do it? i tried to follow the method by you but i am at loss.please help

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