A guide to buying Bitcoin in India: the entire process from registration to trading

1. Choose a reliable Bitcoin trading platform

2. Register a trading platform account

• Visit the official website of the platform: Open the official website of the Bitcoin trading platform you have chosen.

• Click to register: You can usually find the obvious 'Register' button on the homepage of the official website, and click to enter the registration page.

• Fill in the information: You need to fill in your name, email address, mobile phone number, setting a login password and other information. Please be sure to fill in real and valid information, as the platform may perform identity verification in the future.

• Verify email and mobile phone: After registration is completed, the platform will send verification codes to the email and mobile phone you filled in. Enter the received verification code within the specified time to complete the verification steps so that your account can be activated.

3. Complete identity verification (KYC)

• Submit proof of identity: You usually need to upload your valid identification documents, such as passport, Aadhaar card, etc. These documents are used to prove the authenticity of your identity and the platform will conduct strict reviews.

• Provide proof of address: You can prepare utilities, leasing agreements and other documents as proof of address. Your name and residence address must be displayed on the document, and the address must be consistent with the one you filled in when you registered.

• Waiting for review: After submitting the above documents, the review stage will be entered. The review time may vary depending on the platform and specific circumstances, and generally takes several working days. Please be patient during the review period and do not submit your application repeatedly.

4. Recharge funds to the transaction account

• Choose a recharge method: India's Bitcoin trading platform usually supports a variety of recharge methods, such as bank transfer, e-wallet transfer, etc.

• Initiate a bank transfer: If you choose a bank transfer, you need to log in to your bank online banking or mobile banking and transfer according to the collection account information provided by the platform. When transferring money, pay attention to filling in the correct transfer amount and note information so that the platform can accurately identify your recharge.

• E-wallet transfer: If you use an e-wallet transfer, such as Paytm, first log in to your e-wallet account, select the transfer function, enter the payment address provided by the platform, confirm the transfer amount and complete the transfer. After the transfer is successful, the funds will usually arrive in your trading platform account within a few minutes to a few hours.

5. Start Bitcoin trading

• Log in to the trading platform: Use the account and password you set when registering to log in to the Bitcoin trading platform.

• Enter the trading interface: Find 'Trade' or similar entrance in the platform interface and click to enter the Bitcoin trading page.

• Select a trading type: Common trading types include market orders and limit orders. The market order is to buy or sell Bitcoin immediately at the current market price; the limit order is to set a price you expect. When the market price reaches this price, the system will automatically complete the transaction.

• Enter transaction information: If you select a market order, enter directly the amount of Bitcoin you want to buy or sell, and then click 'Confirm Transaction'. If you choose a limit order, in addition to entering the number of Bitcoins, you also need to fill in the transaction price you expect and submit the order after confirming that it is correct. After the transaction is successful, you will see the corresponding changes in your Bitcoin assets or funds in your account.