Which wallet is the best to buy for Ethereum in India?

Dipen Sajnani

Dipen Sajnani, Blogger, Investor

Répondu il y a 52w

After Bitcoin, Ethereum is one of the most popular and well-known Cryptocurrency.

People have started taking interest in Ethereum but most of them are still facing problems to Buy Ethereum in India.

Buying Ethereum is as easy as buying other Cryptocurrencies.

Currently, while I’m writing this post the price of Ethereum is around $335 and it is also expected that price of Ethereum can cross $1000 par 2017.

Which wallet is the best to buy for Ethereum in India?

I had recently purchased some Ethereum and I would like to share my experience that how you can also easily Buy Ethereum in India.

You can Buy Ethereum in less than just 30 minutes

I’ll also share some Exclusive Tips & Tricks so make sure to read it till the end

Now, if you’re a beginner and you don’t know anything about Ethereum I would keep it as simple as it’s a Bitcoin Alternative également connu sous le nom Altcoin.

How to Buy Ethereum in India?

So, Today in this post I’ll share the 3 easiest methods to Buy Ethereum in India.

Échange de chiffrement

Honestly, this is one of the fastest and my favorite method to Acheter Ethereum. I’ve been personally using this method from a long time and the experience is just amazing

Crypto Exchange?

Qu'est-ce que c'est?

Converting your Bitcoins to Ethereum from Popular Exchanges like Poloniex, Bittrex, Bitfinex, etc.

I had bought Ethereum from Poloniex and the transactions were fast enough and just took less than 30 minutes.

How to Buy Ethereum from Cryptocurrency Exchange?

In this post, I’m using Poloniex Cryptocurrency Exchange only for demonstration.

Which wallet is the best to buy for Ethereum in India?

1.) First of all, Sign up on Poloniex and complete the Registration process.

I hope you have Bitcoins with you because now we’re going to transfer those Bitcoins to Poloniex and convert it to Ethereum.

2.) Click on Balances Tab and Click on Deposits & Withdrawal.

3.) Now search for the BTC because you’ve to load Bitcoins and Click on Deposit.

4.) Next, just the Copy the Bitcoin Address and send the desired amount of Bitcoin you want to Buy Ethereum.

I hope you’ve deposited Bitcoins to your Poloniex Account

If you’re still confused then follow the detailed steps from Poloniex Review

5.) Next, Visit Bitcoin to Ethereum Exchange Page.

7.) Scroll down and you can see the section for Buy and Sell Ethereum.

Which wallet is the best to buy for Ethereum in India?

8.) Next, Enter the Amount (No. of Coins) of Ethereum you wish to purchase and accordingly the Fees will be Charged.

9.) Click on the Buy Button and complete the process of buying.

Voila! Your Order will be placed and you will receive your Ethereum Shortly

On Poloniex, you’ll be charged 0.25% fee on each transaction.

In terms of Transactions, Poloniex is the fastest I’ve used it many times but although as it is less secure I found it less secure to store my Ethereum.

I’ll also share where and when you can Store your Ethereum Securely

Convertisseurs

This method is also same as above but here we’re going to use another service which doesn’t provide any option to store Ethereum directly.

The Converter, which I’m going to use is Changelly which is one of the Best Cryptocurrency Converter in the market.

Which wallet is the best to buy for Ethereum in India?

How to Convert Bitcoins to Ethereum from Changelly?

1.) First of all, Sign Up on Changelly

2.) Enter the Amount of Bitcoin you wish to purchase and it will automatically convert and give that how much Ethereum you’ll get for the Entered Amount of Bitcoin.

Example: If I would like to purchase Ethereum of 1 Bitcoin just Enter 1 BTC and it will automatically convert it to how much Ethereum you’ll get.

Which wallet is the best to buy for Ethereum in India?

3.) Next, Enter your Ethereum Wallet Address (I’ve shared how to get it in later part of this post)

4.) Now just send Bitcoins to the given address and complete the process of buying.

Voila! Your Order will be placed and you will receive your Ethereum Shortly

On Changelly, you’ll be charged 0.5% fee on each transaction with additional network fee.

Local Indian Exchanges

If you don’t have BItcoins and would directly like to purchase then this method is best for you

There are a few Local Indian Exchanges to Buy Ethereum directly via Debit Card/Credit Card, Net Banking, IMPS, etc.

EthexIndia & Koinex (Newly Launched) are one of the Local Indian Exchanges to Buy Ethereum in India.

Which wallet is the best to buy for Ethereum in India?

To Buy Ethereum from Local Indian Exchanges you’ll also need to verify your Account first and then only you’re eligible to Buy Ethereum.

How to Buy Ethereum from Indian Exchanges?

1.) First of all, Visit EthexIndia and Sign up for a new account. (À cause de soudain surge in le nombre of registrations, Sign-Ups are temporarily put on hold.)

2.) Complete the registration process.

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3.) While Signing in, just Enter Client ID, Dynamic Access Code.

4.) Verify your Account by completing the KYC Process.

5.) Once, your account is verified just go ahead and add funds in your EthexIndia and purchase Ethereum directly.

Honestly, I haven’t used this Indian Exchange but will surely give a try later

Best Ethereum Wallet?

Which wallet is the best to buy for Ethereum in India?

Now, once you’ve purchased Ethereum the main question is where do you store these Ethereum?

If you’re buying from Cryptocurrency Exchanges like Poloniex, Bittrex, Bitfinex, etc. then do allow us to store Ethereum. As I’m storing Ethereum for long term I don’t feel secure to store Ethereum on Exchanges.

So, I’m using Coinbase as my primary wallet to store Ethereum and in future, I’ll surely upgrade to hardware wallet for more security.

I had recently shared a Coinbase Referral Code where you can Earn Free Bitcoins Instantly Worth $10.

Conclusion

In conclusion, I would like to share that I personally feel that buying from Cryptocurrency Exchanges like Poloniex & Bittrex is much easier & faster as we’ll do have Bitcoins with us.

If you don’t have Bitcoin then you can buy from Local Indian Exchanges like EthexIndia, Koinex(Newly Launched) and here you’ll be charged more.

If you found this post helpful then please feel free to share it with everyone and help them also to Buy Ethereum in India.

In addition, I would also like to know how are you buying Ethereum and which Ethereum Wallet are you using drop them in the comments section

La source: Buy Ethereum in India using this 3 Easiest Methods (Updated 2017)

Rakul Singh

Rakul Singh

Répondu il y a 42w

Koinex is a cryptocurrency exchange based in India that offers trading in some of the most popular cryptocurrencies against the local currency (INR).

Which wallet is the best to buy for Ethereum in India?

Buy Ethereum on Koinex

Like most similar of venues, Koinex uses Google 2-Factor Authentication (2FA), however anonymous trading on this exchange is not an option, even if you are not a high-volume trader.

Koinex Advantages

Clear presentation of the charges, competitive trading fees

Not all exchanges disclose the fees they apply on their websites, however Koinex presents its charges in a clear and accurate manner. It has a tiered trading fee schedule and charges Seller and Buyer fees, based on users’ trading volumes. Even the highest fees applicable (0.20% - 0.25% per trade) are in line with the average in the crypto-sector. You can find the complete information below:

INR accepted, bank transfer supported

Koinex offers trading in digital coins for fiat currency – Indian Rupees (INR), to be more precise. Therefore, this exchange is quite attractive for Indian crypto-investors, especially beginners, as they can directly deposit and withdraw INR to and from a bank account linked to their Koinex account.

Decent amount of cryptocurrencies offered

Although it was launched in August 2017, Koinex already offers some of the most popular digital currencies - Bitcoin, Etherum, Bitcoin Cash, Ripple, and Litecoin. It plans to add Bitcoin Gold, Golem, IOTA, Omisego and few more in the near future.

A wallet service available

Which wallet is the best to buy for Ethereum in India?

Although this may seem like an inherent part of an exchange's offering some of them don’t provide a wallet service, but only act as an intermediary – they accept deposits and send the coins to a wallet which you must create.

Relatively good platform

Koinex’s has web-based trading platform is nothing special, yet it seems perfectly functional: the order book is on the left, and the trade window on the right. Below, you can find some basic price charts. It is all very simple, and besides, there are a number of tutorial videos uploaded on the “How it worsk” section of Koinex’s website.

With the rising demands of cryptocurrencies, the number of exchanges to assist the buying and selling is also on the rise. In the past few months, many new exchanges have hit the market and Koinex is one of them. Despite being a new exchange, Koinex is becoming popular for bringing the instant deposit and withdrawal to Indian cryptocurrency enthusiasts. Before we get into a lot of details, let’s talk about the volume.

Update: Even though the Koinex platform is easy to use and function as described, they lack on the most important thing and that is customer service. Before signing up, do read the comments from all the members below.

With the increasing awareness of Bitcoin and other cryptocurrencies among tech-savvy Indians, the volume soaring high. This could be evident from the chart below which clearly shows how Indians have started taking to Bitcoins ever since demonetization was brought into effect. This chart depicts the volume growth on LocalBitcoins platform. I had earlier talked about the Localbitcoins experience here.

Koinex supports multiple cryptocurrencies trading that includes BTC, ETH, XRP, LTC and now BCash as well. They keep adding new cryptocurrencies so don’t be surprised if you end up seeing more cryptocurrencies on the site than what I have listed above. The interface is intuitive, and it will be easy for a newbie to understand how to use the Koinex dashboard for trading. More on this later. Let me quickly share my experience of using Koinex so far.

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Getting on board:

Getting started with Koinex was easy. Once I created an account on Koinex, the next required step was to complete the KYC. That was easily done – by submitting a government document such as Aadhar card, PAN card, passport, driving license or any other. Once you finish the KYC, the next step would require you to link your bank account. If you have multiple bank accounts, you need to be extra cautious as you can add only one bank account and money deposit/withdrawal can be done only from the linked account.

Which wallet is the best to buy for Ethereum in India?

Koinex creates a unique bank deposit account for you where you can add your bank account as a payee. This detail is available on the ‘Balance‘ tab under your Koinex account. Once your KYC verification is complete (usually done within 48 hours), you can deposit funds to the linked account. The beauty here is this – after depositing the funds, Koinex will add money to your Koinex account instantly (within 5 minutes) in an automated manner. You really do not have to do much. This feature itself is very powerful, and something other cryptocurrency exchanges in India and world are yet to adopt.

Once the money is deposited, you can check the available amount under the ‘Balance‘ tab. In the below screenshot you, you can see the balance of INR 2500 and bank details.

Vous pouvez également déposer des fonds en utilisant des portefeuilles tels que PayUMoney, Airtel Money, JioMoney, OlaMoney, PayZapp et autres. Le dépôt de fonds via une passerelle de paiement engendre un coût de 2% à titre de frais de service.

Trading Bitcoin and cryptocurrencies:

As of now the only pair available for all the cryptocurrencies is with INR (you can only buy or sell in exchange of INR). The trading interface could be accessed by selecting the type of cryptocurrency.

What I did not like as much about the trading page is it doesn’t show the total volume of buying and selling which should not be the ideal case. Trading volume helps any buyer/seller to understand the market sentiments, something Koinex should consider showing once they have considerable volume.

If you are someone who is moving from CoinSecure, you might miss the 24 hours high/low price feature. However, you can overcome this by using the live chart feature that works flawlessly.

The trading part of Koinex needs an upgrade as the screen doesn’t show the calculation when you plan to buy any crypto in decimal points. For example, in the below screenshot you can see that I’m trying to buy 0.5 ETH @24499.99, but it doesn’t show the total landing cost. This is a serious flaw, something that Koinex should fix ASAP to make the life of buyers and sellers easier.

Sécurité:

When it comes to security, you need to be extra cautious when using cryptocurrency exchange. It’s a good time for you to read my earlier post on things not to do after buying Bitcoins. Koinex offers all latest security measures, and one should enable the 2-factor authentication (2FA) using the Google authenticator app. They allow 2FA using SMS and email, but you should only use the Google authenticator feature. For the password management, you should use Dashlane and a unique password.

You can enable or disable any settings by going to Profile > Security page.

Other important things about Koinex:

Koinex charges 0.25% of trading fees, and it’s time you are aware of their fees structure. There are a few interesting rules set by Koinex on their trading rules page. Below are a few highlights:

In a particular market, a trader cannot place a buy order and a sell order at the same price per asset. For example, if a trader places a buy order for 1 Bitcoin at Rs. 200,000, they cannot place a sell order of any number of Bitcoins at Rs. 200,000.

A trader, at the most, can have eight open orders simultaneously in each market. For example, the user can have a maximum of 8 open orders each in Bitcoin, Ethereum, Ripple and Litecoin markets.

Also, selling is free until December 31, 2017 (no trade fees on all sell orders till the end of the year).

The conclusion of Koinex review:

Koinex is still in beta, and the platform is maturing. The interface is friendly, and I have not encountered any bugs in my limited usage of Koinex. However, the missing feature of not showing real-time calculation of buying and selling cost is a big hurdle. Apart from this, I see Koinex as a strong contender of being in the top Bitcoin and cryptocurrency exchanges in India. Another thing expected from the Koinex team is a dedicated mobile app. It is something that most of the young users need to make the most out of fastest growing cryptocurrency industry.

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And thus, for now, I would stick to other exchanges like CoinSecure, Zebpay for Bitcoin trading despite the fact that Koinex has an edge as they support other cryptocurrencies given the user demands will soar for them as the Bitcoin price has become a psychological barrier for many to enter.

Founded in 2017, Koinex offers trading in 5 coins against INR. Although still in its beta version, it is one of the top 5 crypto-exchanges in India in terms of popularity and trading volumes (along with Zebpay, Unocoin, and several others).

Koinex obviously targets mainly local investors, as it supports only INR, while most exchanges allow deposits in USD. What we like best about this exchange are its competitive trading fees and the numerous promotions it offers. On the downside, withdrawal fees are rather high and some limits apply.

As Indian legislative framework has not included digital currencies or Bitcoin exchanges, Koinex is not licensed, nor overseen by a governmental agency. The legal status of crypto-exchanges is still unclear in most countries, so this is not a bug issue, however there is the counterparty risk added to the volatile nature of digital tokens.

Tejas Chitnis

Tejas Chitnis, Fondateur (2015-present)

Répondu il y a 67w · L'auteur dispose de réponses 57 et de vues de réponses 82.1k

  1. u can buy bitcoin and convert it into ethereum via Changelly.(Expensive)
  2. You can sign up at EthexIndia. (Not taking new applicants) P.S. Dont store your Ether on the Exchange.
  3. You can buy it at Ether Rush Buy Ethereum in India (Fastest, Easiest and Cheapest)

Subham Allen Kujur

Subham Allen Kujur, B.Tech Chemical Engineering, Birsa Institute of Technology, Sindri (2017)

Répondu il y a 32w

I have traded using koinex,coindelta , coinzs , unocoin, zebpay,binance , and buyucoin and if you want the best experience i recommend using Coinzs-Ethereum Wallet in India, Buy Sell Ethereum in India FOR NOW because they are giving FREE INR 50 as a signup bonus to new members RIGHT NOW JUST FOR SIGNING UP. Use my referall link to get Rs 50 as a signup bonus Register to Buy and Sell Etherium in India Currency (INR), Coinzs-Ethereum Wallet in India

Sumukh Shetty

Sumukh Shetty, Co-fondateur d'Ezether.com (2017-present)

Répondu il y a 62w · L'auteur dispose de réponses 124 et de vues de réponses 216.4k

Nous, à EZ Ether Marketplace have a build a decentralised peer to peer trading marketplace. To access our site you need to use a decentralized browser.

Every decentralized browser has a wallet injected onto it, and if you are a chrome user, there is an easy to use plugin called metamask that injects an ethereum wallet onto your browser, instantly making it a decentralized browser.

This makes us the safest way to trade ether as we do not have access to user funds at any point of time.

Never allow a service provider to handle your wallets and your private keys in turn. This allows them or a hacker to run away with your funds, and most of these sites are extremely vulnerable.

Amit Singh

Amit Singh, vit en Inde

Répondu il y a 45w

There’s no best wallet in India actually at this point, there’re only a few actually to support Ethereum.

I would suggest to buy bitcoins from any exchange, say zebpay, and convert in into Ether using Shapeshift.

Though, new exchanges are coming up with Ethereum support.

I’ve recently tried Koinex, and found it pretty good with low transaction charges. You can give it a try.

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