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Buying Bitcoin In India Becomes Easier Than Ever

P2P trading through Paytm and UPI Accepted
Paytm (Courtesy: Twitter)

The market for Bitcoin in India is growing in India ever since the RBI has eased the regulations on cryptocurrency back in March. Bitcoin holders are continuing to take more interest in the cryptocurrency as analyst have also said that the boom period is still about to hit the country.

Binance had recently joined hands with Google Cloud to help the startups in India now targeting the situation of growing Bitcoin market in the country, the exchange giants, have added support for a total number of 62 payment methods for peer-to-peer (P2P) trading.

This includes the Paytm, PayPal and UPI. The entire list, according to their official website, incudes: PayPal, International Wire (SWIFT), Western Union, Yandex Money, Sberbank, Payeer, M-Pesa Kenya, Monobank, BBVA, BancolombiaS.A, GoPay, OVO, Paytm, IMPS, UPI, PayNow, LinePay, SEPA, Faster Payment System (FPS), Mercantil, Pago Movil, Provincial, Nequi, Banesco Panama, PagSeguro, PicPay, Tinkoff, Alfabank, VTB Bank, Rosbank, Raiffeisenbank, Sovkombank, PUMB, UniCredit, PagSeguro, Mercadopago, MTS Bank, Rocketbank, Privat Bank, Gazprombank, Davivienda S.A, VTB Bank, Nequi, 1+ winner, Otkritie, OTP, Russian Standard Bank, Citibank (Russia), Credit Bank of Moscow, Trust, Gazprombank, Banco de Bogotá, Interac e transfer, Bank Transfer (Venezuela), Bank Transfer (India), Bank Transfer (Argentina), Bank slip and cash deposit to bank.

Binance has also bifurcated certain steps for adding the new payment methods. It runs in the following manner:

  • Enter the P2P trading page on the mobile app and click on “Payment Settings” on the top right of the page.
  • Click on “add payment methods”
  • Enter payment account information
  • Click “confirm”

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.