Press "Enter" to skip to content

How to buy Ethereum in India?

Spread the love

Well, I understand the pain you are having. With so much information here and there, it is very difficult to know what is right and what is wrong. Do not worry, BharataFinance is the one-stop solution for all your queries.

Today, I would be answering how you can buy Ethereum in India. But before that, I suggest you create accounts with all these websites – See here

buy ehtereum in India

Ethereum is the future of Technology. Companies like Microsoft and IBM have seen the potential of Etherium and they are investing heavily into it. And this makes it a perfect time to enter the market. One month back ETH was less than 100 USD, and it is currently priced at 250 USD. Would you like to wait more before stepping in? Don’t.

It is predicted that Ethereum may touch 2000 USD by the end of December 2018

We all have already witnessed the growth of Bitcoin. Ethereum, on the other hand, has just started growing. This is why you should get on the train as soon as possible. The price is touching high every other day.

Jump in before Ethereum touches 300USD (Oops, it just crossed 300 USD).

Jump in before ETH hits 350USD

Is Ethereum Legal?

It is. There is a difference between being legal and being authorized by the Government. Ethereum is a technology. Cryptocurrencies are still new. And it will take some time for people to understand. The Government, at this point of time, is not regulating the price of Ethereum, Bitcoin or any other crypto currencies, which is why you may see different price BUY and SELL prices. It means that you can invest in Ethereum, Bitcoin, and other cryptocurrencies, but the risk is yours.

Do not confuse Not YET AUTHORISED with illegality.

Japan has accepted BTC as a legal form of payment. I am sure it is just a matter of time for the other countries to accept Bitcoins and other cryptocurrencies to accept cryptocurrencies as their legal form of payment.

How to purchase Ethereum in India?

There are many exchanges, but they are either very complex or take months to activate your account. If you do not want to wait forever, this is what you can do.

Accounts you would need:

1. Sign up with Zebpay: They are fast, super fast – Signup Link

2. Sign up with MEW: Read the guide here> MEW Sign Up

3. Signup with Changelly: Sign Up Link It is now time to convert your Bitcoins to Ethereum.

How to Convert Bitcoins to Ethereum

You can use various methods. However, I prefer Changelly to any other cryptocurrencies converter.

  1. Login to Changelly.
  2. Enter the BITCOIN amount you would like to exchange. It will show the equivalent ETH you would get in exchange. Hit the exchange button.

3. Review the details in the next step. Click Next.

4. Enter Recipient’s address: Here you need to enter your ETH wallet address of your MyEtherwallet account. Hit Next.

5. Confirm and make the payment. Be careful and check all the details before processing.

changelly 5

6. Then, it will show you their Bitcoin wallet address. Copy their BTC wallet address.

7. Head over to your Coinbase/Zebpay account and send them the exact BTC amount and wait for them to confirm.

Once it is transferred to their account, after some time, ETH will be displayed in your My Ether Wallet. Tada! Done. Happy Investing.

Update 1: You can also buy Ethereum from Poloneix. The detailed guide is mentioned here.

Update 2: How to buy Ethereum for cheap?

To reduce the transactional charges, you can do this:

Steps:

  1. Buy from Zebpay or Pocketbits.
  2. Login to changelly and follow all the steps till step 6 as mentioned above.
  3. In step 7, instead of sending it from your wallet, send BTC to Changelly directly from your Pocketbits wallet. So, this way you will be saving one transactional cost.

If you have any doubts, feel free to drop a comment and I will be happy to help.

How to buy Ethereum directly in India?

If you are looking to buy Ethereum directly, head over to this website. You will be able to buy using your credit card/debit card.

I have purchased Ethereum. What’s next?

If you have purchased Ethereum, it is now time to shift them to a safe wallet.

If you can afford hardware wallet, go for Nano Ledger S.

Alternately, you can also create an account with MEW and store your Ether safely. Read this guide to understand how to create an account with MEW.

Want to get started with multiple cryptocurrencies? Create accounts in all these websites – Click Here

24 Comments

  1. Nishant Nishant

    Sir,

    Thanks for providing valuable info.

    I still have a query or two in my mind

    1) Why is bitcoin value so high on pocketbits ( $3200 ) as compared to $2870 (In coinbase). Will it affect the quantity of it while transferring on coinbase.

    2) When i am selling the same, is the procedure same — changelly — coinbase — pocketbits.

    Regards

    • VK VK

      Hi Admin
      Could you please reply to this query
      1) Why is bitcoin value so high on pocketbits ( $3200 ) as compared to $2870 (In coinbase). Will it affect the quantity of it while transferring on coinbase.

  2. Dheeraj Verma Dheeraj Verma

    Why it need to send to bitcoin first coinbase. We can directly send it to changelly from zebpay.

    Please explain

    • admin admin

      Yes, you can.

      • sudip kumar ghosh sudip kumar ghosh

        how can i? please elaborate

  3. Deepak Deepak

    I made an account on coin base and transferred bitcoins from pocket bits, it’s showing me transaction pending status. Please let me know how much time it takes for it to reflect?

    • admin admin

      It should not take more than 30 minutes.

  4. Atmanand Atmanand

    Hi Sanjib,
    Thanks for the detailed post on how to buy Ethereum.
    I just wanted to try this out and did so.. However i believe there are too many levels of conversion.. and it ends up eating way almost 20% of the amount invested to buy bitcoin..

    Is there a way we can avoid one level of transfer/conversion?
    I followed as you mentioned..
    1) Buy bitcoin through pocketbits.. (They are expensive when compared to zebpay.)
    2) Transferred the btc to coin base
    3) On Changelly i exchanged btc for ethereum and then back to coinbase..

    Someone commented saying we can directly transfer from zebpay to changelly..
    If that’s possible then we save atleast close to 10%..
    Can you please confirm that’s possible and also provide the steps if possible?

    Regards,

    • admin admin

      Yes, that is possible. I need to update this post, I will do it in next few hours.

  5. Sumit Sumit

    Hi Sanjib,

    i am not aware of any Bitcoin or Ethereum , can you please suggest, with how much minimum amount in INR we can start investing in it.

    • admin admin

      Hi Sumit, It depends on your risk taking capacity. You can even start with 500INR.But there are transactional charges, so with that investment, you would hardly be making anything.
      Whatever is the amount, Diversify: Ethereum – 70 Percent Bitcoin – 30 Percent.

  6. Aniket Bhadane Aniket Bhadane

    Please can you explain how to transfer bitcoins from Coinbase back to Zebpay?

    • admin admin

      The process is all same. There is a send option in Coinbase. You just need to send it to your Zebpay wallet BTC address.

  7. sudip kumar ghosh sudip kumar ghosh

    i have account with zebpay . i want to transfer my zebpay bitcoin. to etheteum.how do i do it? i tried to follow the method by you but i am at loss.please help

  8. Chaithanya varma Chaithanya varma

    How do I know ETH wallet address of my coinbase Account as said in step 4 ?

  9. Aditya Aditya

    Hi SIr,

    I have created coinbase account and it was showing trading is not allowed in India. Then how can we hold them in coinbase and in future how to sell them from coinbase?

    Thanks,

    • admin admin

      I think you already got the answer in the group.

  10. Rasi Rasi

    Sir I want to sell bitcoin from coinbase wallet….but its appear that in your country(India) this facility not allowed….but in transfer there is heavy traction cost….what to do

    • admin admin

      Enter your Zebpay’s BITCOIN address and sell it from there.

  11. Andrews Abraham Andrews Abraham

    Is it possible to use unocoin wallet to purchase ethereum in changelly

  12. Sunny Sunny

    how to buy eth coin please send me details with link

  13. Aayush Kaul Aayush Kaul

    How can i transfer ETH bought from cex.io to my MEW wallet?

  14. Narendra jain Narendra jain

    I habe kust transfereed bitcoins from zebapay account to cex.io how much time it takes the bitcoins to reach the cex.io account from zebapay

Leave a Reply

Your email address will not be published. Required fields are marked *