How to purchase bitcoin in India - Zebpay Review

Are you suffering in bitcoin fever? Are you plan to purchase bitcoin in India and want to know about bitcoin purchase and selling? Here is your answer

What is Bitcoin ?

Before investing in bitcoin first know about it at-least little bit. Bitcoin was invented by Satoshi Nakamoto in 2009. Bitcoin is a cryptocurrency, or a digital currency. It uses the rules of cryptography for the regulation and generation of units of currency. It is commonly called a decentralized digital currency through internet. We can't see that how its generates and we don't know where it stores. Bitcoins used to purchase goods and services online. Hope value of bitcoin increases over the year.  

How Bitcoin works? 

Bitcoins are completely virtual coins designed to be self-contained for their original value. Bitcoins no need banks to store the money.  Once you own bitcoins, value and trade is just as like gold in your pocket. 

Where to buy bitcoin in India?

Am not recommending to use zebpay for bitcoin purchase. Am just give sharing and giving suggestion about zebpay for bitcoin trading. Its your own risk to invest in bitcoin subject to market risk.

How to create Bitcoin account in zebpay ?

First, verify your account by uploading following documents with more quality image. Verification process generally takes few hours, in max it can take upto 3-4 business days. We need to use android or iOS app only to trade bitcoin in zebpay.

1. Pancard front side

2. Aadhar card front and back side

3. Bank passbook / cancelled cheque. If don't have passbook or chequebook take header of of your bank statement with high quality.

How to purchase bitcoin in zebpay?

We have to deposit as INR in Zebpay Wallet. While buying and sending Bitcoins, transaction fees is applied. There are three methods to deposit money. Transaction fees applied and varies baed on deposit type

Express Transfer: Min: INR 21, Max: INR 1k 

Normal Transfer: Min: INR 5k, Max: INR 20k

Payment Gateway: Min: INR 2.5k, Max: INR 50k

Once money received in wallet then start purchasing bitcoins. Check market price to purchase with your own risk. 

How to sell bitcoin in zebpay?

Sell bitcoins based upon price or bitcoin units in your zebpay mobile app. While selling check the market price and your purchased price with transaction fees. Buying and selling bitcoin price changes dynamically form 20k-50k depend upon market demand.

How to  transfer bitcoin in zebpay?

Sending Bitcoins using email address of Zebpay to Zebpay costs no money. However, for sending to another BTC address, you may have to give away min 0.0002 BTC. 

How to bid bitcoin in zebpay?

If you want to buy bit coin when price drops, you don't want to wait for long time in online. Set bid amount and wait price drop. It takes days or months depend upon market value.

While selling also you can bid to set high price from current market price. It should not exceed 50k from selling price in market

How to withdraw bitcoin in zebpay?

Just click on Withdraw in your mobile app, and your money should be transferred to Bank account linked with your zebpay account. It costs 10 INR as transaction fee to do that. If you transfer 1000 INR, you'll get 990 INR in account.