In a third world country like India, where people are only now getting acquainted with the concept of digital money, the options are far limited for someone looking to buy bitcoin. Even though there are already multiple exchanges in India providing bitcoin trading services, not many of them yet support local currency or allow users to buy bitcoin using cash (bank payment, etc.) or cards. But, some of them do.
If you are looking to buy Bitcoin using fiat currency, bank transfer or card, I’m here to tell you the easiest process for the same. But, first, let me tell you about the Shiftal P2P exchange.
Shiftal is a peer-to-peer bitcoin exchange, one of the first to allow users to buy Bitcoin using as many as 70+ payment options. Yes, you heard it right. You can trade Bitcoin on Shiftal using over 70 payment methods. This includes your local fiat currencies, bank transfer, major payment cards, credit cards, and even digital wallet. For Indian users, the platform also provides support for UPI payments. Here’s how you can buy Bitcoin using cash or cards on Shiftal.
How to Buy Bitcoin Using Cash on Shiftal
Cash payment might include direct payment in cash as well as direct bank/wallet transfer.
If you are looking to buy Bitcoin using cash, follow these steps:
1. Create an account on Shiftal website (https://www.shiftal.com/)
Skip to the next step, if you already have an account on Shiftal Exchange.
2. Log in to your Shiftal wallet account.
3. Visit your wallet dashboard and select your location and preferred payment option (cash/NEFT/UPI/Paytm). There are multiple options to choose from.
4. Once you have selected your preferences, you can start exploring the available offers from other users on the platform.
Click the ‘buy’ button for an offer that you like. Read the trade details & terms carefully. Also, check the seller score/rating. If it looks suspicious, go back and check other offers. If you want to trade, send a trade request for the seller to confirm.
5. Once the seller confirms your trade request, you can make payment using your selected option directly to the seller.
The Shiftal Escrow will verify that the seller has received the payment, and then it will transfer the purchased coins from the seller’s wallet to the buyer’s wallet. Even though P2P, trading on Shiftal is completely secure and reliable.
How to Buy Bitcoin Using Cards on Shiftal
Even if you do not have the cash to buy Bitcoins, you can use your credit card to buy Bitcoin on Shiftal. Here’s how.
The process to buy Bitcoin using a credit card on Shiftal is almost the same as the above process to buy Bitcoin using cash. The difference is that here you will have to select the credit card option in payment preferences. This will show you offers only from users who are accepting payments using credit cards.
Once you select the payment option, you can see the available offers from users who wish to sell Bitcoins on Shiftal. You can select an ad that you find appropriate from a trustworthy seller. Send a trade request and then make a payment after the seller accepts your request. You can use your credit card to make payment as per the seller’s instructions.
Once the payment is verified, Bitcoins from the seller’s wallet will be transferred to your wallet.
As you see, the process to buy Bitcoin with cash or cards on Shiftal is very easy. Shiftal is the first exchange in India to provide the callback feature for traders to get instant help in case of a dispute. For instance, if the seller is taking too long to transfer Bitcoins after you have made the payment, you can request a callback from the Shiftal team for instant help.
Visit www.shiftal.com to start buying Bitcoin using cash or credit.
