Can you Buy Crypto with Paytm?

Yes, you can buy Bitcoin and cryptocurrencies using the Paytm app by transferring funds from your account to a licensed digital asset exchange in India. With this method, you can instantly deposit Indian Rupee (INR) to buy, sell and trade a wide variety of cryptocurrencies like Bitcoin, Ethereum, Solana and others in a regulated environment.


How to Buy Bitcoin and Crypto with Paytm

As mentioned earlier, the most effective way to buy crypto using a Paytm account is through a platform that accepts INR deposits via the Paytm App. After evaluating the top exchanges in India, we found that Binance was the ideal choice for Paytm depositors thanks to their instant INR transfers and low trading fees.

Here is a straightforward 4-step guide to help you begin buying crypto with Paytm:

  1. Sign up to the Binance platform and verify your account.
  2. Select 'Trade' and the 'P2P' option in the navigation menu.
  3. Select INR as the currency you want to deposit, Paytm as your deposit method and find the crypto you want to buy.
  4. Click 'Buy' and follow the prompts to complete your INR transfer from Paytm.
Buy Crypto Paytm

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What are the Fees?

The fees for investing in crypto assets using your Paytm account will differ based on the platform you select. Thankfully, Binance enables free INR deposits via Paytm and levies a reasonable 0.1% trading fee on transactions. This competitive fee structure makes Binance an appealing choice for crypto enthusiasts in India looking to buy and trade a diverse range of cryptocurrencies, as opposed to alternatives like WarirX and CoinDCX, which often impose higher fees and spreads.

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Paytm Cryptocurrency Policy

Paytm exhibits a crypto-friendly approach by allowing customers to deposit Indian Rupees (INR) into prominent and trusted cryptocurrency trading platforms. This ensures that users in India can confidently deposit funds without worrying about their transfers being frozen when using their Paytm account to invest in digital assets.

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Bottom Line

Ultimately, Paytm users in India can efficiently invest in cryptocurrencies by depositing INR into a secure and reputable exchange like Binance. Despite Paytm's absence of direct crypto trading services, its crypto-friendly policy ensures seamless deposits and a streamlined trading experience. Considering the free INR deposits via Paytm and competitive trading fees, Binance stands out as the premier choice for digital asset investors in the country.