Do you know — How to buy ethereum in India? The process of buying ETH in India has become quite simple and straightforward over the past couple of years. With multiple exchanges now allowing users to buy top cryptocurrencies like BTC and ETH using their bank accounts or even credit cards, ETH trading is no longer rocket science.
But, as a beginner or a crypto trading newbie, you might sometimes feel like you need help with things like choosing the right ETH exchange that is both secure and has a low trade fee, buying ETH instantly & securely, etc. So, we have prepared this guide that will take you through the step-by-step of buying and trading Ether in India.
Why buy or trade ETH
As the native currency of the Ethereum blockchain and the second most popular cryptocurrency in the world, ETH is one of the best options for both beginners and expert crypto traders.
ETH has good future scope as the №1 platform for DApps development, is backed by a brilliant community of developers & users, and has the potential to produce substantial returns for investors.
Where to buy ETH from
Choosing the right ETH exchange is crucial to your success in the crypto market. The exchange you buy ETH from must be very secure so as not to allow unauthorised access to your wallet or coins. At the same time, the platform fee or trade fee should be minimal, as high transaction fees can end up reducing your trade profits.
Some other factors to consider when choosing a crypto exchange are transaction speed, userbase, reliability, popularity, accepted payment methods, regulations, ease of trading, among other things.
In my opinion, the best and easiest way to buy ETH securely in India is the Shiftal P2P crypto exchange.
A P2P exchange is a platform that allows users to buy or sell currencies directly from/to other users. As blockchain technology has proven multiple times, p2p transactions are highly secure because of the limited role of the middleman and the users’ full control over their data and money.
Besides being highly secure, the Shiftal exchange is ultra fast and very user-friendly. Moreover, it reduces the cost of transactions by allowing users to trade directly with each other.
Comparing top crypto exchanges India to find the best one:
When searching for the best exchange to buy ETH from, you might find this table of comparison between top crypto exchanges in India useful.
The table gives a quick overview of the main features of some of the top crypto exchanges in India.
If you compare, you’ll see that Shiftal leads in terms of the number of payment methods available to users. At present, you can buy ETH on Shiftal using any of the 70+ payment methods, including direct bank transfer, NEFT, UPI, wallets, and credit/debit cards.
Also, Shiftal is the only true P2P exchange that lets you buy ETH directly from a seller, thus limiting the role and interference of middlemen in the actual trade. However, the platform is backed by a robust support system that offers multiple options to reach the support team when you need help.
Shiftal is also the first & only crypto exchange to offer the callback request feature that allows a user to get instant callback support from the team when they need help during a trade.
How to buy ETH from Shiftal instantly & securely
Shiftal is a crypto exchange that essentially acts as an Escrow to allow hassle-free and secure barter of top coins like ETH and BTC.
To buy ETH from the Shiftal exchange, simply follow the steps below:
1. Register on the Shiftal website
Visit www.shiftal.com and sign up for a free account. Verify your email id and then log into your Shiftal account.
2. Choose your location and preferred payment method
Shiftal is a barter-based exchange where you buy/sell through ads. To see relevant ads to buy from, choose your location and preferred payment options. Now, you can see all the available ads on the page.
If you find the right Buy advertisement, you can click the buy button to proceed to buy directly from the particular seller.
If you don’t find an advertisement that fits your needs or budget, go to step 3.
3. Create a new trading advertisement on Shiftal
To create a new trade ad, click the ‘Post Trade’ button at the top of the page. Here, you can post your buy offer details.
Click the publish button to instantly publish your ad and see it live. Now, wait for an interested seller to click on your ad.
4. Complete the trade
When you find a seller who is interested in selling their ETH to you, talk to them directly on the trade page. Set the terms for payment, etc. To complete the trade, make the payment directly to the seller’s account. Once the platform verifies your payment, it will automatically transfer ETH to your Shiftal account/wallet.
All ETH buy/sell transactions on the Shiftal platform are instant and highly secure. We use multiple security measures, including 2FA and encryption to secure user data and information.
