How To Buy Bitcoins In India With Simple Steps
However, there’s one reliable way of buying Ethereum or any other cryptocurrency in India, which essentially involves buying Bitcoin and then converting it to the cryptocurrency of your choice. For this, first you need to buy Bitcoin in India and then convert it. We used this method to buy Litecoin in India, but it will work for practically all other cryptocurrencies.
Friends with these easy steps you can buy bitcons in india.....1.First you need a wallet for the cryptocurrency of your choice. You can visit the official website for Ethereum or Litecoin or others to find a download link.
2.Once you’ve downloaded this wallet on your PC or phone, you need to set it up. This involves setting up two passcodes, one of which is a series of up to 24 words. Copy the receive address for your cryptocurrency.
3.Next, you need to head to a cryptocurrency converter such as ShapeShift.
4.Select Bitcoin as the input currency, and the output currency is obviously the one you want. In our case, the output currency was Litecoin.
6.The address you copied in step 3 above needs to be pasted into the Deposit Address field on ShapeShift.
7.You can copy the receive address from your Bitcoin wallet and paste it into the Bitcoin refund address field in ShapeShift. In case the transaction fails, the money will get refunded to your Bitcoin wallet quickly.
8.Now check I agree to terms, click Start transaction.
9.ShapeShift will now give you a new deposit address. Copy this and go back to your Bitcoin wallet.
10.Now send the Bitcoin amount to this address.
11.Switch back to ShapeShift and wait. Once the Bitcoin is received by ShapeShift, it will quickly convert it to the cryptocurrency of your choice.
If you like my work; you can appreciate by leaving your comments, hitting Facebook like button, following on Google+, Twitter, Linked in and Pinterest, stumbling my posts on stumble upon and subscribing for receiving free updates directly to your inbox . Stay tuned and stay connected for more technical updates.