Can I Buy 1 Bitcoin in India? A Complete Guide for 2025
Introduction
Bitcoin (BTC) has gained massive popularity among Indian investors. If you're wondering, "Can I buy 1 Bitcoin in India?", the answer is yes! But before you invest, it's essential to understand the process, legality, costs, and best platforms for buying Bitcoin in India.
Is Buying Bitcoin Legal in India?
✅ Yes, buying Bitcoin is legal in India. The Reserve Bank of India (RBI) lifted the banking ban on cryptocurrencies in 2020, allowing investors to trade Bitcoin through crypto exchanges. However, cryptocurrency is not yet regulated by the government.
How to Buy 1 Bitcoin in India?
Step 1: Choose a Crypto Exchange
To buy Bitcoin in India, you need to sign up on a trusted crypto exchange. Some of the best platforms are:
- WazirX
- CoinDCX
- ZebPay
- Binance India
- Unocoin
Step 2: Complete KYC Verification
Most Indian crypto exchanges require KYC (Know Your Customer) verification. You’ll need:
✔ Aadhaar Card / PAN Card
✔ Bank Account / UPI ID
✔ Mobile Number & Email Verification
Step 3: Add Funds to Your Account
You can deposit INR using UPI, IMPS, NEFT, or net banking.
Step 4: Buy 1 Bitcoin (BTC)
Go to the BTC/INR trading pair and enter the amount. If 1 BTC = ₹90,00,000, you need that amount in your account to buy 1 full Bitcoin. However, you can buy a fraction of Bitcoin (like 0.01 BTC) if you don't want to invest in 1 whole Bitcoin.
Step 5: Store Bitcoin in a Secure Wallet
After purchasing, transfer your Bitcoin to a crypto wallet for better security:
🔹 Hot Wallets: WazirX Wallet, Trust Wallet, MetaMask
🔹 Cold Wallets: Ledger Nano, Trezor
What is the Price of 1 Bitcoin in India Today?
Bitcoin prices fluctuate daily. Check the live BTC to INR price on crypto exchanges before buying.
Are There Any Taxes on Buying Bitcoin in India?
📌 Yes! The Indian government introduced a 30% tax on crypto profits and a 1% TDS on transactions above ₹50,000 per year.
Conclusion: Should You Buy Bitcoin in India?
Buying Bitcoin in India is safe, legal, and easy if you use trusted platforms. Whether you buy 1 full BTC or a fraction, always research, invest wisely, and store securely.
