Indians can buy crypto with PayTM payment system without stress.
PayTM is a popular Indian payment gateway that can be used to pay their online bills, Uber charges and also purchase Bitcoins.
However, you can’t buy Bitcoins directly using the PayTM wallet app.
There are few crypto exchange websites, where you can purchase Bitcoins and pay using PayTM.
In this guide, am going to show you how to buy Bitcoin anonymously with PayTM service, as well as show you some of the best exchanges.
Let’s start right away.
How to buy Bitcoin with PayTM
To buy Bitcoin in India with PayTM money only takes an easy step process through a reliable P2P exchange marketplace.
Follow these steps below to buy Bitcoins with PayTM wallet:
- Head over to LocalCryptos
- Verify your Email address
- Browse and select ‘Buy Bitcoin’
- Choose PayTM as payment method
- Find the best offer and trusted seller
- Initiate trade and chat up the vendor
- Make payment with the vendor’s PayTM details
- Attach proof of payment and mark as paid
- Receive Bitcoin crypto in the exchange wallet.
Voila! Seller will confirm the payment and your coins will be released from the LocalCryptos escrow to your account Bitcoin wallet.
The whole process should be as easy as shopping on PayTM Mall.
Though, there are few things one must take care of using any Peer-to-Peer cryptocurrency marketplace.
Always ensure to verify the profile of the seller by checking the number of trades one has made and their reviews by other traders (Like you).
Best ways to buy BTC with PayTM
Below are the 2 best P2P marketplace sites, which you can use today to pay for Bitcoins right away using your PayTM wallet in India.
1. LocalCryptos (Recommended)
LocalCryptos launched in 2015, was known as LocalEthereum, and initially built as a P2P platform for buying Ethereum (ETH) only.
The platform later rebranded – adding Bitcoin (BTC) and Litecoin (LTC), as well as some other established crypto-coins.
This is a non-custodial peer-to-peer exchange, which means you do not have to deposit your crypto directly on the platform to sell.
Also, you are not required to verify your identity to use LocalCryptos.
Compared to Paxful, LocalCryptos has fewer payment methods, even though it continues to expand aggressively.
Sellers pay a 0.25% trading fee while buyers pay a 0.75% trading fee.
|60+ payment methods||Few supported cryptocurrencies|
|Trade BTC, ETH, and LTC||Vendors can be scammed|
|No KYC verification|
|Lower exchange fee|
|High security than other P2Ps|
LocalBitcoins is a P2P (Person-to-Person) Bitcoin marketplace that specializes in connecting buyers and sellers, while serving as an escrow in the transactions.
LocalBitcoins gives vendors the ability to create offers in all currencies including Google Pay wallet.
|Available in every country of the world||Lack of cryptocurrency diversity|
|A diverse selection of buyers and sellers||Both sellers and buyers can be scammed|
|Supports many payment methods|
|Buyers get their Bitcoins fast|
What is PayTM?
Is Bitcoin legal in India?
However, the RBI does not seems to be in favour of this decision, and that may be why cryptocurrencies are not regulated in India.
What are the best P2P platforms?
Over to you
Now you know the safest cryptocurrency exchanges to buy and sell Bitcoin via PayTM.
It’s time to register and check their features, payment methods, listed cryptocurrencies and user interface.
Once you find your ideal marketplace, create your own offers to buy some BTC and let your SATS keep growing!
If you follow this guide, you will be able to convert your money in Indian PayTM to BTC easily and safely.
If you want me to recommend the best P2P platform you should be using to buy Bitcoin with PayTM.
LocalCryptos seems to be the one, because it supports some other crypto-coins as well.
Try to always transfer your cryptocurrency investment out of the exchange where you bought it.
You can use offline crypto wallet to store your BTC.