Can you Buy Bitcoin with UPI in India ?
Yes, you can buy Bitcoin with UPI (Unified Payment Interface) in India for INR through BitValve P2P crypto exchange.
UPI is an instalment payment framework that allows customers to connect more than one account in a single mobile application and move trades without providing the IFSC code or record number. This is a constant rate frame where funds are exchanged in a split second on a continuous basis.
The customer only needs to have what is called a virtual payment address (VPA), to complete an exchange. UPI was launched and implemented by the National Payments Corporation of India (NPCI) and is governed by the Reserve Bank of India (RBI). UPI is fast becoming the most popular type of computerized installment payment.
In order for the user to complete payment, there are some things needed first in place and this includes: Internet connection, Mobile phone, Linked accounts, Balance in the account.
UPI is gradually becoming the most popular type of current payment. The UPI interaction point is viable with most banks and many advanced wallets, and instalment applications are now supporting it. You can use UPI to complete money exchanges while on platforms such as Google Pay, PhonePe, Paytm, WeChat and so on.
There are many meanings of UPI and one of them is that of a universal transaction that saves time and makes its security and safe way of handling customer accounts.
What's more, it's such a simple payment framework that any person can implement and use regardless of their level. It uses one-click, two-factor authentication that poses no problem for anyone, making customer data and accounts both safer and more secure.
Steps to buy Bitcoin with UPI in India
Step 1
Register on BitValve
Register on BitValve.com and create a BitValve account. Your Bitcoin Wallet is instantly created after registration.
Step 3
Choose UPI as Payment Method
Since you are buying BTC with UPI, choose UPI from the Payment Method List, as shown in the image:
Step 4
Find a cheap offer
Go through the Bitcoin selling offers, and search for a suitable Listing.
Step 6
Lets Trade!
Start the Trade, by clicking the "Start Trade" button.
Step 9
Check your Bitcoin BitValve Wallet
After the Trade is successfully completed, your Bitcoins will be sitting directly in your BitValve Personal Wallet.
Similar Payment Methods
Pros & Cons when buying BTC with UPI
Pros
Secure payments in India
Instant Transaction
Mobile App available
Cons
Mobile application is needed
Not available worldwide
Not suitable for big BTC purchases
Are there any fees when i Buy Bitcoin with UPI Transfer ?
The total cost depends on the offer you select, as sellers/buyers set their own prices. BitValve charges a small commission fee only to the offer owner.
Is it safe to Buy Bitcoin with UPI Transfer ?
Yes, it is safe as long as you follow the rules and always trade with escrow. Some payment methods may have a risk of chargebacks. Traders must do their own Due Diligence.
Do I need verification to Buy Bitcoin with UPI Transfer in BitValve ?
You can buy or sell cryptocurrencies without Verification up to 1000 USD per year.
Is BitValve affiliated, endorsed by, or supported by this Payment Method?
BitValve is not affiliated with, endorsed by, or supported by any payment method. All payment methods available on the platform are created and offered by individual traders at their own discretion.