Cryptocurrency is one of the most promising asset classes today. This guide will walk you through buying Ethereum (ETH) in India via mobile apps and desktop platforms, with step-by-step instructions for beginners.
Table of Contents
- What Is Ethereum?
- Where to Buy Ethereum in India
- Why Invest in Ethereum?
- Risks of Buying Ethereum
- Pros and Cons of Ethereum
- Conclusion
- FAQs
What Is Ethereum?
Ethereum is a decentralized blockchain platform supporting smart contracts and dApps. Its native cryptocurrency, Ether (ETH), is the second-largest crypto by market cap after Bitcoin.
👉 Learn more about Ethereum’s technology
Where to Buy Ethereum in India
You can purchase ETH through:
- Exchanges: WazirX, Bitbns, CoinDCX
- P2P Platforms: LocalBitcoins, Paxful
- Payment Methods: UPI, bank transfer, credit/debit cards
How to Buy Ethereum on Mobile (Android)
Sign Up on WazirX
- Download the WazirX app from the Play Store.
- Enter your email, password, and referral code (optional).
- Verify your email via the confirmation link.
Complete KYC on WazirX
- Submit PAN and Aadhaar details.
- Upload a selfie for identity verification.
- Approval takes up to 48 hours.
Deposit INR on WazirX
- Navigate to "Deposit INR" in the wallet section.
- Choose UPI/bank transfer and complete the transaction.
Buy Ethereum on WazirX
- Go to ETH/INR trading pair.
- Enter the amount and click "Buy."
Withdraw Ethereum from WazirX
- Go to your ETH wallet and select "Withdraw."
- Enter your external wallet address and confirm.
How to Buy Ethereum via Website
Sign Up on Bitbns
- Visit Bitbns and click "Sign Up."
- Provide email, password, and referral code.
Complete KYC on Bitbns
- Submit PAN and Aadhaar documents.
- Complete video verification.
Deposit INR on Bitbns
- Select "Deposit INR" and choose a payment method.
- Funds reflect within 12 hours.
Buy Ethereum on Bitbns
- Search for ETH/INR and place a buy order.
- ETH will appear in your wallet after execution.
👉 Compare crypto exchanges for better rates
Why Invest in Ethereum?
- High returns: ETH surged from $0.68 to $1,600 in 5 years.
- Smart contracts: Powers DeFi, NFTs, and dApps.
- Early adoption: Ethereum 2.0 upgrades promise scalability.
Risks of Buying Ethereum
- Volatility: Prices fluctuate rapidly.
- Irreversible transactions: No chargebacks.
- Security risks: Phishing scams target traders.
Pros and Cons of Ethereum
| Pros | Cons |
|---------------------------|-------------------------------|
| High liquidity | Slow transaction speed |
| Smart contract utility | Market volatility |
| Growing adoption | Regulatory uncertainties |
Conclusion
Buying Ethereum in India is straightforward via exchanges like WazirX or Bitbns. Follow these steps:
- Sign up and complete KYC.
- Deposit INR via UPI/bank transfer.
- Buy ETH and store it securely.
FAQs
1. Is Ethereum safe to buy?
Yes, but due diligence is required—use reputable exchanges and secure wallets.
2. What’s the minimum investment for ETH?
Most platforms allow purchases starting at ₹100.
3. Can I stake Ethereum in India?
Yes, exchanges like WazirX offer staking options for ETH 2.0.
👉 Explore ETH staking opportunities
4. How long does ETH withdrawal take?
Typically 5–30 minutes, depending on network congestion.
5. Should I buy Ethereum or Bitcoin?
Bitcoin is a store of value; Ethereum offers utility in dApps. Diversify based on goals.