Can I Buy Bitcoin with UPI Transfer?

Yes, you can purchase Bitcoin and other digital currencies using UPI transfers by sending INR to regulated crypto exchanges in India. Ensure your chosen digital asset investment platform complies with Reserve Bank of India (RBI) regulations for secure and compliant transactions. UPI works with many local banks, making crypto transactions easy for a wide range of users.

How to Buy Crypto with UPI

Indian investors can securely invest in cryptocurrencies through regulated exchanges like Bybit, which complies with RBI regulations. Bybit offers an extensive selection of over 1,300 digital assets to trade on spot and futures markets with up to 100x leverage. It provides free INR deposits through UPI transfers.

Start your crypto trading journey with UPI by following this guide:

1. Register Account: Visit the Bybit website and sign up for a new account. 
2. Send Funds: Once your account is verified, navigate to the 'Buy Crypto' section. Choose UPI as your preferred deposit method and add funds in INR. 
3. Choose Token: Choose the digital asset you wish to purchase and ensure INR is set as your deposit currency. ‍
4. Buy Asset: Enter your desired investment amount, review the transaction details, and complete the trade.

What are the Fees?

There are several fees involved in converting Indian Rupees (INR) to cryptocurrencies using a digital asset exchange. There are fees for depositing and withdrawing funds and for buying or selling assets. Most platforms have trading fees that generally range between 1% to 2%.

For users utilizing UPI transfers, Bybit offers a competitive fee structure with a 0.1% fee for spot trading and a maker/taker rebate of 0.02%/0.06% for futures trading. Bybit also provides free INR deposits through UPI, making it an affordable and convenient option for Indian investors.

About UPI Transfers

‍Unified Payments Interface (UPI) transfers are a convenient way to send and receive money using a mobile device. This real-time payment system in India allows users to link multiple bank accounts to a single app, enabling instant transactions without repeatedly entering bank details. UPI transfers are secure with two-factor authentication and available 24/7, making them ideal for bill payments, online shopping, and peer-to-peer transfers through an easy-to-use interface.

Bottom Line

In conclusion, investing in cryptocurrency using UPI transfers is easy for Indian users, enabling seamless INR deposits to regulated exchanges. Bybit is the preferred platform due to its compliance with RBI guidelines, free INR deposits, low trading fees, and extensive selection of over 1,300 digital assets. As a global exchange, Bybit can be used in Hindi and provides live customer support in the language.