Top 6 Bitcoin exchange companies in India

"Bitcoin will do to banks what Email did to postal industry" 

 - Rick Falvinge, Founder of Swedish pirate party

What is Bitcoin? How do you earn bitcoin? How does it work? Is it legal?

Why it is so hyped? What is cryptocurrency ? Bitcoin trading company in India?

Bitcoin is a talk of of town these days.It has become controversial and powerful form of digital currency now.Though there are hundreds and hundreds of cryptocurrency are in the market now but Bitcoin holds the pride of first cryptocurrency ever invented.One of the main reason why Bitcoin is so popular is that it is beyond the control of police and financial institution  like tax department.Bitcoint account cannot be frozen and no middleman are required for bitcoins to move.One can buy food, book hotel , order Xbox games by using Bitcoin.Before looking into the Indian companies where you can buy or sell Bitcoin, lets look at some history that you may not know about Bitcoin

From Jan 2009 to Mar 2010 there was No value in the market.Most users were cryptography fans.In March 2010 a user 'SmokeTooMuch' announced to auction 10,000 BTC for 50$, but no user found.Imagine the value of this in the present condition.On 22 May,2010 first real world transaction of Bitcoin was made.10000 BTC was used to buy two pizza by Laszlo Hanyecz. In march,2010 first price of Bitcoin was $0.003.After lots of ups and down the price of Bitcoin now is $ 16000.

In this article we have listed 6 popular Bitcoin excgange companies of India.

1. Zebpay

   Zebpay is a regulated Indian company with its head office in Singapore and an IT centre in Ahmedabad.It was founded by Mahin Gupta in 2012.It is one of the India's largest bitcoin exchange with more than 1 million Bitcoin user.To buy and sell you need to buy Zebpay app available on android and iTune store.You need to verify your mobile number and upload your PAN card,bank statement, front and rear side of your Aadhaar card.Only after submitting all these documents your account will be approved.In Zebpay you can make payment via RTGS/NEFT or IMPS. Zebpay charges INR 10 as fee on all withdrawels.

In 2016 Zebpay raised $125K as seed funding and $1 million from Arjun Handa CMD and VP,Claris life sciences,  Amit Jindal, MD of Jindal worldwide and Nagendra chadhury.

Zebpay has registered over 1 million downloads so far.

2.CoinSecure

Coinsecure was founded in 2014 by Benson Samuel and Mohit Kalra.Coinsecure was established to provide best possible bitcoin buy and sell experience in India with the motto "connecting India to Bitcoin".To get started in coinsecure, you need to sign up and provide bank account details and your KYC details.You will be able to buy and sell in Coinsecure only after KYC is complete.For an Individual account you have to provide scanned copies of atleast one of the following documents as a proof of identity - Driving license,Passport(front and last page), VoterID(front and back page), Aadhaar card and Bank statement. Currently Coinsecure have tie-ups with ICICI,YES and Axis Bank.Coinsecure charges 0.4% fee on buy and sells of Bitcoins.

According to CTO of Coinsecure, the company has 2 wallets in the back.One is hybrid vault/cold wallet and another is hot wallet.

Coinsecure has registered over 100 k downloads so far.

3.Unocoin

Unocoin is another Bitcoin trading company in India founded by Sathvik Biswanath, Harish B V, Abhinand Kaseti and Sunny Ray.Customers can buy Bitcoin in Unocoin by online banking, NEFT and RTGS.To complete KYC/AML regulation user need to provide a copy of PAN card.In Unocoin Indian user need to verify once per year.User cannot have multiple account on Unocoin.Most of your Bitcoins in your Bitcoin wallet are stored offline.Unlike other company, Unicoin offers discount cupon on transaction fee in special occasion like Diwali, Independence day etc. Unocoin charges 0.7% fee on every transaction the user makes.

Unocoin raised $250K as seed funding from Barry Silbert and  1.5 million in pre-series A funding led by Digital currency group in 2016.Unocoin holds the pride first Indian Bitcoin startup funded Internationaly.

Unocoin has registered over 1 miilion download so far.

4. Coinome

Coinome is anothe Bitcoin trading company in India founded in 2017.It is a subsidiary of Billdesk.To trade through Coinome user must register and fillup the KYC form. One need to register with his/her Aadhar number in Coinome. Keeping in mind the reputation of Billdesk,the giant payment service brand in India, Coinome will acquire the large portion of Indian Bitcoin market very soon.

5.Flitpay

Buying and selling Bitcoin in Flitpay is very easy.To register download the Flitpay app,verify your identity by submitting a scanned photo of your PAN card.Once you have registered, make payment to Flitpay bank account and it will be aded to your Flitpay wallet.Then a pop-up screen of buy and sell will appear.All you have to do is to enter the amount and place the order.Flitpay supports only Axis Bank and ICICI bank.Flitpay was founded by Akash Bansal .

6.Belfrics

Belfrics was founded by Praveen KumarTo trade through Belfrics first you have to register and create a free Bitcoin Wallet.Once your wallet is created, you have to put funds in wallet vis bank transfer, cash deposit or other payment methods.Then add your preferred bank account to send and receive payments.Once your preferred bank account has been aded and you have the funds in your wallet , you can buy and sell Bitcoin.

Belfrics offers a bullet proof crypto-currency wallet with an automatic deep freeze storage that is rare and extremely safe.
There is no fee in deposit and withdrawal of money from your wallet,but you have to pay 1% fee on each transaction of Bitcoin.

Each customer is allowed a maximum BTC purchase equivalent to INR 50000 per day and monthly maximum limit of INR 150000.



If you know more about other Bitcoin Exchange companies in India then let us know in the comment section below.😉