Buy Bitcoin in India with Coinmama (2019)

How do you buy Bitcoin in India in 2019? Cryptocurrency in India has long been a complicated affair. We covered this topic last year, looking at regulations that are present in the country. Cryptocurrency regulations in India are changing quickly, so today we’ll show you how to set up a Coinmama account and get verified for purchase from India, in case you want to buy cryptocurrency in India now.

Buy Bitcoin in India
 

How to Buy Bitcoin in India from Coinmama

Coinmama serves over 190 countries and territories worldwide, including India. Before you can buy Bitcoin online, you’ll have to set up a Coinmama account and get verified for purchase. Once your account has been approved, you’ll be able to buy Bitcoin with credit card, debit card, or directly from your bank account with a SWIFT bank transfer. 

 

To get verified quickly, please have the following on hand:

  • A government-issued photo identification card (ID). Accepted IDs for Indian nationals include: international passport • driver’s license • Aadhar (plastic only) • PAN card • EPIC card. 

  • A piece of paper on which you’ve written “Coinmama” and today’s date

  • A cell phone with a working camera

 

Set up your account

  1. Go to Coinmama.com and click the Sign Up button

  2. Enter your personal details, including email address, first and last name, and country of residence. Then click “create account”

  3. Look for an email from Coinmama with a link to confirm your account.

 

Get verified for purchase

In order to buy Bitcoin online with Coinmama, you’ll need to verify your account and your identity. We ask for this information in order to comply with regulations and also to keep you and your account safe. We need to know that the person creating the account is also the person using it. For that reason, we’ll ask you to upload a copy of your ID card, and also to send us a selfie of you holding the ID you’ve uploaded to ensure you’re really you. To complete your account verification:

  1. Fill out your information, including your phone number, date of birth, and address. Then click “next.”

  2. Click on the type of identification you want to upload. Coinmama accepts passport, driver’s license, Aadhar (plastic only), PAN card, and EPIC card. We cannot accept paper or laminate ID cards, nor IDs that are expired, have missing corners, or that have holes.

  3. Enter your ID number and expiration date.

  4. Scan or take a picture of both the front and back of your ID card. Make sure all four corners and sides are visible, and that the photo and all text are clear. We recommend using natural lighting and turning the flash of your camera off. Once you’ve photographed both sides, upload them to our site.

  5. On a piece of paper, write “Coinmama” and today’s date. Then take a photograph of yourself holding the paper and your ID and upload it to our site. Make sure your face, the text on the paper, and all of the information on the ID are all visible. We ask for this selfie to make sure that the identification card really belongs to you, and also to be sure that you know you’re submitting your information to Coinmama.

  6. Click “send for approval”

 

Once you’ve submitted your ID card and selfie photograph, our verification team will review your documents. If everything is ok, we’ll approve your account, often in as little as 15 minutes, and you’ll be able to buy Bitcoin and other cryptocurrencies.

 

Buy Bitcoin online

To buy Bitcoin in India, you’ll need a verified Coinmama account and a Bitcoin wallet. If you do not already have a Bitcoin wallet, you can download one from the third-party wallet provider of your choice. Learn more about setting up a wallet here, and about keeping your investment safe here.

  1. Log into your verified Coinmama account and click “Buy.” 

  2. Choose the Bitcoin amount you’d like to purchase, then click “Buy now.”

  3. Enter your Bitcoin wallet address. 

  4. Select your payment method. You can pay with a credit or debit card, or with a SWIFT bank transfer.

  5. Enter your payment details or initiate a transfer from your own bank account.

  6. You will receive an email with a wallet confirmation link. Double-check that the address is correct, and click the link if it is. If the wallet address is incorrect, do not click, and contact us immediately.

 

Once both your wallet address and payment have been confirmed, we will send your Bitcoin immediately. You will usually receive the coins in your wallet in 10-20 minutes. As regulations regarding cryptocurrency in India are constantly changing, we’ll update this article with any necessary information. However, since at the moment it remains legal to buy Bitcoin in India, we hope you’ll make Coinmama your home for cryptocurrency.