This Article is for ‘Indians’ who want to invest in Alt coins such as ‘Ethereum’ but don’t know the safe and reliable investment sources. If you are an Indian and want to know how to buy Ethereum in India then this article is for you.
After the huge success of Bitcoin, Several other cryptocurrencies knocked the market in the last few years. Most of them did not get much success in compared to Bitcoin but some of them are really doing well in the market. Such as Ethereum, Dash, Litecoin, etc.
In recent years, these Altcoins drew the attention of many investors as the investors are getting a good ROI investing in them.
Today I’m going to introduce you with Ethereum – Which is considered as one of the best alternatives of Bitcoin. I will also provide you with all the information about investing in Ethreum in India, especially when The Supreme Court of India has banned cryptocurrencies in India and you are facing trouble buying cryptos.
So, Let’s start…
What is Ethereum
First off…A SHORT introduction to Ethereum.
Ethereum is an open software platform based on blockchain technology which is based on decentralized applications build and deployed by developers.
In its simplest form, Ethereum is another cryptocurrency after Bitcoin that runs on decentralized Blockchain technology.
Although, if I go into deep this article will go vast as there are many terms to explain about Blockchain, a smart contract that miners use to earn either, peer-to-peer technology and much more.
But, the motive of this article is not explaining all these technical terms to you but provide you the information about reliable resources and process to buy Etthereum in India.
So, all the above term RESERVED for some another day.
Let’s get into the business…
Where to Buy Ethereum in India
Just like Bitcoins, there are two main options to buy Ethereum in India.
- Cryptocurrency Exchanges (That support Ethereum transaction)
- P2P Platforms
Best Exchanges to Buy Ethereum in India
Although, after the decision of supreme court several crypto exchanges situated in India were closed you can leverage international crypto exchanges to invest in Ethereum.
If you have a Paypal, Skrill, or Payoneer account and a credit card you can buy Ethereum through these exchanges. And if you have other cryptocurrencies such as Bitcoin, Dash or any other altcoin you can also use them to exchange with Ethereum via these exchanges.
Here are 5 of the best exchanges from where you can easily buy Ethereum in India.
EToro claims to be the world’s leading social trading platform from where you can buy cryptocurrencies with USD via these services.
- Credit card
- Debit card
- Yandex Money
If you have an account with any of these services you can easily buy Ethereum from Etoro. Moreover, if you want to trade in cryptocurrencies this is the best platform for you.
Note: Trading is subject to market risk so you need to be aware of the possible losses before jumping into it.
2. Coin Mama
Coin Mama is one of the best cryptocurrency exchange that supports Debit/Credit card payments. However, in India, your credit card might not be supported. In this condition, you can leverage other services like Bitcoin or any other altcoin to buy Ethereum.
CoinMama supports all the major Altcoins that you can buy by paying in USD and EURO.
YoBit.Net is a great cryptocurrency marketplace if you need some other services to pay for the exchange. Such as it supports Payeer personal eWallet which you can top up with your bank’s credit or debit card and then use that top up to buy Ethereum.
Along with Payeer, it supports AdvCash, Cryptocurrency, Perfect Money, etc to buy Ethereum. So you can see there are several ways to buy Ethereum from India through Yobit.Net.
Yobit supports BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, & 400+ more cryptocurrencies and two fiat currencies USD and RUB.
You can also trade in cryptocurrencies in Youbit with a trading fee of 0.2%. The fee is slightly higher than other exchanges but it’s worth it.
Exmo is another cryptocurrency exchange cum wallet for crypto investors. It supports several services to pay for cryptocurrencies such as.
- Credit card
- Debit card
- Perfect Money
- Bank transfer (SEPA)
- Wire transfer
Some of the above services might not support in India but you can use Payeer and perfect money eWallets to buy Ethereum from your Indian bank account.
EXMO supports USD, EUR, RUB, PLN, UAH as fiat currencies you can use to buy cryptocurrencies like BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK, and the list is growing with time.
It’s a UK-based cryptocurrency exchange that provides crypto buyers with a wide variety of payment options.
Binance is the world’s biggest crypto exchange which supports more than 80 cryptocurrencies. However, it doesn’t support any fiat currency but if you already have any cryptocurrency then you can exchange that with Ethereum by paying as low as 0.1% exchange fee.
Well, here was the list of top 5 cryptocurrencies exchanges from where Indians can buy Ethereum. Now let us dig into P2P crypto platforms from where we can directly buy cryptos like Ethereum from the sellers.
P2P Platforms to Buy Ethereum in India
Although there are several P2P platforms you can use to buy directly Ethereum from others I will introduce you with the most reliable one.
Note: exchanging in P2P cryptocurrency platforms is a risk so always check the reliability of the seller before entering into the buying process. Always go with the seller with good reviews and ratings.
Local Ethereum is the largest P2P marketplace for buying and selling Ethereum locally. If you know Local Bitcoins might be you are aware of the process for buying cryptos through these platforms.
As a short description – Local Ethereum is the marketplace where sellers sell their Ethereum against cash or direct deposit to their bank accounts. You can also use Paypal and debit credit cards.
You can find sellers from more than 248 countries and 16725 cities around the world and direct deal with them. Either you can pay them in cash, with a wire transfer, or by Paypal to get your Ethereum. In countries like India where trading cryptocurrencies banned from some days, this option is great for the crypto enthusiasts.
Now you are aware of where to buy Ethereum in India its time to discuss the different payment methods that you can use to buy Ethereum.
How to Buy Ethereum in India
It’s easy to find the exchanges and other platforms to buy Ethereum in India but without the right payment method, you can’t go anywhere, especially when the crypto trading is blocked by the Supreme Court of India. So, here I will discuss the several valid methods you can use to buy Ethereum in countries like India.
Buy Ethereum with Bitcoin
The first ever method is using Bitcoins if you already have them. If you have Bitcoins then it will be very easy to buy Ethereum without any hassle. Just go to any exchange listed above and pay with Bitcoins to buy Ethereum.
Many Indians already have Bitcoins that they bought before the ban. They can leverage those Bitcoins to exchange with Ethereum.
Buy Ethereum With Alt Coins
The second method is the same as the first method. Many of us might have bought other altcoins before the ban of the supreme court and now want to convert them into a reliable cryptocurrency. Ethereum is one of the best ones that you can buy paying other altcoins.
Buy Ehtereum with Cash (P2P Platforms)
If you want to buy Ethereum with cash the best place is Local Ethereum P2P marketplace. You can find and approach the seller to meet and pay him in cash against Ethereum.
Buy Enthereum With Bank Transfer (P2P Platforms)
The other method used in P2P platforms to pay is bank transfer/wire transfer. You can find the seller in best standing and transfer the payment into his bank account listed on the marketplace share him with the transaction number provided at the time of transfer and get your Ethereum in your wallet within an hour.
eWallets such as Payeer and Perfect Money are great when you live in India. You can Top up that eWallets transferring money from your bank account or credit card and then use that money to buy Ethereum from the exchanges listed above.
I think this is the best method to buy any cryptocurrency when you live in India.
Though Paypal is one of the best payment services for cryptocurrencies it might not support Indian credit cards. However, you can give a try to buy Ethereum with Paypal.
If you like to buy Ethereum with Paypal the best place is eToro
Payoneer is a US-based virtual bank account that you can easily open providing all the necessary documents along with your domestic bank account details.
After creating your account you can transfer money from your local bank account and use that money to but Ethereum.
Conclusion: How to Buy Ethereum in India
So, you’ve read all the possible ways to buy Ethereum in India. Now its time to take ACTION. Choose one of the methods that suit you the most and buy your first lot of Ethereum. Remember – In which speed the popularity of cryptocurrency is growing, you can imagine how much ROI you will get investing in them.
Especially investing in currencies like Bitcoin, Ethereum, Dash and Litecoin are a great way to get a huge ROI in a short time period.
Let me know which platform and payment method you’ve used to buy Ethereum so that other’s could get benefit from your experience and help grow the crypto market. The comment box is waiting for you.
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