How to Buy Ethereum in India? (3 Methods)
After Bitcoin, Ethereum is one of the most popular and well-known Cryptocurrency.
People have started taking interest in Ethereum but most of them are still facing problems to Buy Ethereum in India. :(
Buying Ethereum is as easy as buying other Cryptocurrencies.
Currently, while I’m writing this post the price of Ethereum is around $335 and it is also expected that price of Ethereum can cross $1000 by 2017.
I had recently purchased some Ethereum and I would like to share my experience that how you can also easily Buy Ethereum in India.
You can Buy Ethereum in less than just 30 minutes ;)
I’ll also share some Exclusive Tips & Tricks so make sure to read it till the end :)
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Now, if you’re a beginner and you don’t know anything about Ethereum I would keep it as simple as it’s a Bitcoin Alternative also known as Altcoin.
How to Buy Ethereum in India?
So, Today in this post I’ll share the 3 easiest methods to Buy Ethereum in India.
Crypto Exchange
Honestly, this is one of the fastest and my favorite method to Buy Ethereum. I’ve been personally using this method from a long time and the experience is just amazing
Crypto Exchange?
What is this?
Converting your Bitcoins to Ethereum from Popular Exchanges like Poloniex, Bittrex, Bitfinex, etc.
I had bought Ethereum from Poloniex and the transactions were fast enough and just took less than 30 minutes.
How to Buy Ethereum from Cryptocurrency Exchange?
In this post, I’m using Poloniex Cryptocurrency Exchange only for demonstration.
1.) First of all, Sign up on Poloniex and complete the Registration process.
I hope you have Bitcoins with you because now we’re going to transfer those Bitcoins to Poloniex and convert it to Ethereum.
2.) Click on Balances Tab and Click on Deposits & Withdrawal.
3.) Now search for the BTC because you’ve to load Bitcoins and Click on Deposit.
4.) Next, just the Copy the Bitcoin Address and send the desired amount of Bitcoin you want to Buy Ethereum.
I hope you’ve deposited Bitcoins to your Poloniex Account
If you’re still confused then follow the detailed steps from Poloniex Review [https://beingtricks.com/poloniex-review]
5.) Next, Visit Bitcoin to Ethereum Exchange Page.
7.) Scroll down and you can see the section for Buy and Sell Ethereum.
8.) Next, Enter the Amount (No. of Coins) of Ethereum you wish to purchase and accordingly the Fees will be Charged.
9.) Click on the Buy Button and complete the process of buying.
Voila! Your Order will be placed and you will receive your Ethereum Shortly
On Poloniex, you’ll be charged 0.25% fee on each transaction.
In terms of Transactions, Poloniex is the fastest I’ve used it many times but although as it is less secure I found it less secure to store my Ethereum.
I’ll also share where and when you can Store your Ethereum Securely
Converters
This method is also same as above but here we’re going to use another service which doesn’t provide any option to store Ethereum directly.
The Converter, which I’m going to use is Changelly which is one of the Best Cryptocurrency Converter in the market.
How to Convert Bitcoins to Ethereum from Changelly?
1.) First of all, Sign Up on Changelly [https://beingtricks.com/changelly-review]
2.) Enter the Amount of Bitcoin you wish to purchase and it will automatically convert and give that how much Ethereum you’ll get for the Entered Amount of Bitcoin.
Example: If I would like to purchase Ethereum of 1 Bitcoin just Enter 1 BTC and it will automatically convert it to how much Ethereum you’ll get.
3.) Next, Enter your Ethereum Wallet Address (I’ve shared how to get it in later part of this post)
4.) Now just send Bitcoins to the given address and complete the process of buying.
Voila! Your Order will be placed and you will receive your Ethereum Shortly
On Changelly, you’ll be charged 0.5% fee on each transaction with additional network fee.
Local Indian Exchanges
If you don’t have BItcoins and would directly like to purchase then this method is best for you
There are a few Local Indian Exchanges to Buy Ethereum directly via Debit Card/Credit Card, Net Banking, IMPS, etc.
EthexIndia & Koinex (Newly Launched) are one of the Local Indian Exchanges to Buy Ethereum in India.
To Buy Ethereum from Local Indian Exchanges you’ll also need to verify your Account first and then only you’re eligible to Buy Ethereum.
How to Buy Ethereum from Indian Exchanges?
1.) First of all, Visit EthexIndia and Sign up for a new account. (Due to a sudden surge in the number of registrations, Sign-Ups are temporarily put on hold.)
2.) Complete the registration process.
3.) While Signing in, just Enter Client ID, Dynamic Access Code.
4.) Verify your Account by completing the KYC Process.
5.) Once, your account is verified just go ahead and add funds in your EthexIndia and purchase Ethereum directly.
Honestly, I haven’t used this Indian Exchange but will surely give a try later
Best Ethereum Wallet?
Now, once you’ve purchased Ethereum the main question is where do you store these Ethereum?
If you’re buying from Cryptocurrency Exchanges like Poloniex, Bittrex, Bitfinex, etc. then do allow us to store Ethereum. As I’m storing Ethereum for long term I don’t feel secure to store Ethereum on Exchanges.
So, I’m using Coinbase as my primary wallet to store Ethereum and in future, I’ll surely upgrade to hardware wallet for more security.
I had recently shared a Coinbase Referral Code where you can Earn Free Bitcoins Instantly Worth $10. [https://beingtricks.com/coinbase-referral-code]
Conclusion
In conclusion, I would like to share that I personally feel that buying from Cryptocurrency Exchanges like Poloniex & Bittrex is much easier & faster as we’ll do have Bitcoins with us.
If you don’t have Bitcoin then you can buy from Local Indian Exchanges like EthexIndia, Koinex (Newly Launched) and here you’ll be charged more.
If you found this post helpful then please feel free to share it with everyone and help them also to Buy Ethereum in India.
In addition, I would also like to know how are you buying Ethereum and which Ethereum Wallet are you using drop them in the comments section. :)