How To Buy And Sell Bitcoin In India In 2020 | by CoinJoy | The Capital | Oct, 2020


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According to the CEO of WazirX, BTC (Bitcoin), is the most buyable asset in India. But how can you, as an Indian, buy or sell Bitcoin in 2020?

Bitcoin and other cryptocurrencies can be bought and sold at an exchange. A cryptocurrency exchange is a business that allows its customers to trade cryptocurrencies or digital assets for other assets.

But there is a twist. There are different types of cryptocurrency exchanges in India and all over the world from where people buy or sell Bitcoin. And if you are just starting, you must know about the different cryptocurrency exchanges. So first, let’s cover the different types of cryptocurrency exchanges.

Centralized Exchange (CEX)

Decentralized Exchange (DEX)

Hybrid

Now you know different types of cryptocurrency exchanges, let’s see how you can buy and sell Bitcoin in India in 2020.

But there’s a catch. As you know that there are many cryptocurrency exchanges available in India, beginners can get confused. So, let’s see how you can buy or convert BTC to INR in 2020.

Many international centralized exchanges also offer users with the power of trading crypto, digital assets, etc. Some of the trusted international centralized exchanges are Coinbase, WazirX, Kraken, Bitstamp, etc.

WazirX is one of the most trusted and cheapest platforms to buy, sell, and trade Bitcoin in India. Apart from being a national startup, WazirX is featured in top websites like Bitcoin.com, newsX, koinalert, etc.

Most decentralized crypto exchanges or peer-to-peer exchanges have thousands of verified buyers and sellers. You can see the buyers’ or sellers’ details, limits, payment methods, and more to easily close your deal.

People prefer decentralized peer-to-peer or customer-to-customer exchange for finding the best payment method, Bitcoin rate, etc.

LocalBitcoins is one of the most mature and senior peer-to-peer exchange in the world. No matter where you are, LocalBitcoins will help you to find the best sellers and buyers of Bitcoin around you.

If you are looking for higher trade volumes, high liquidity, top-notch functionality, and money-to-crypto trades, centralized exchanges should be your go-to platform to buy or sell Bitcoin. Whereas, if you are in favor of the decentralized concept, want multiple and handy payment options and freedom; exchanges like LocalBitcoin, Bitsquare, etc. are your best bet.

The world is moving forward, are you? Start Bitcoin trading and be amongst the leaders of the new digital world.

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