How to Buy Crypto with Paytm
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Summary: Paytm users can invest in cryptocurrency by transferring INR to regulated exchanges that accept this payment method. Ensure your chosen platform adheres to Reserve Bank of India (RBI) guidelines for safe transactions.
Bybit is recommended for Indian investors as it provides free INR deposits via Paytm and features low trading fees starting at 0.1%. The exchange supports over 1,300 digital currencies, allowing for trading on spot, futures, and options markets with up to 100x leverage.
Top Platform for Paytm
Bybit is the best platform for PayTM users because it offers free INR deposits, complies with regulations, and provides access to over 1,300 digital assets in a secure environment.
Available Markets
1,300+ Cryptocurrencies (Spot, Futures & Options).
INR Deposit Methods
Paytm, Credit Card, Bank Transfer, UPI, IMPS and more.
Trading Fees
Free INR Deposits and 0.1% Trading Fees.
Can I Buy Bitcoin with Paytm?
Yes, you can buy Bitcoin and other cryptocurrencies using Paytm by transferring INR to regulated Indian digital asset exchanges. Make sure the platform you select adheres to Reserve Bank of India (RBI) regulations to maintain regulatory compliance. Paytm’s widespread acceptance and ease of use make it a convenient option for many users looking to invest in digital assets.
How to Buy Crypto with Paytm
Indian investors looking to buy cryptocurrencies can use Paytm for secure transactions on regulated exchanges like Bybit, which adhere to RBI regulations. Bybit supports a wide range of over 1,300 digital assets that can be both traded and staked for up to 260% APY. It also enables free INR deposits through PayTM and provides low trading fees.
Start your crypto trading journey with PayTM by following these steps:
- Create an Account: Go to the Bybit website and register for a new account.
- Deposit Funds: After verifying your account, head to the 'Buy Crypto' section. Select Paytm as your deposit method and add INR to your account.
- Select Cryptocurrency: Pick the digital asset you want to buy and ensure INR is set as your deposit currency.
- Complete Purchase: Enter the amount you wish to invest, review the transaction details, and finalize the trade.
What are the Fees?
When converting Indian Rupees (INR) to cryptocurrencies using a digital asset exchange, several fees are involved, including those for depositing and withdrawing funds, plus buying and selling assets. Trading fees on most crypto investment platforms typically range from 1% to 2%.
For users using Paytm, Bybit offers a competitive fee structure: a 0.1% fee for spot trading, a 0.02% maker fee, and a 0.06% taker fee for futures trading. Bybit also provides free INR deposits through Paytm, making it an affordable choice for Indian investors.
About Paytm
Paytm, founded in 2010 by Vijay Shekhar Sharma, is a major Indian digital payment and financial services company. It began as a mobile recharge platform and now offers services like bill payments, ticket bookings, insurance, and banking. It supports QR code payments and has expanded into e-commerce and wealth management, making it a versatile financial ecosystem.
Bottom Line
In conclusion, using Paytm to invest in cryptocurrencies is a secure option for Indian investors. Bybit is a regulated exchange that is compliant with RBI guidelines and offers free INR deposits through Paytm and competitive trading fees. It supports more than 1,300 digital assets to trade on spot, futures and options markets with up to 100x leverage, making Bybit a reliable choice for entering the crypto market.
Written by
Antony Bianco
Head of Research
Antony Bianco, co-founder of Datawallet, is a DeFi expert and active member of the Ethereum community who assist in zero-knowledge proof research for layer 2's. With a Master’s in Computer Science, he has made significant contributions to the crypto ecosystem, working with various DAOs on-chain.
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