Well, bitcoins were never so easy to buy for the people of India, a country of billions.
Unocoin ( a partner of Blockchain) and Zebpay were the platforms which made bitcoins easily available for the Indians. In these exchanges, you can buy bitcoins with Indian curreny only. You need to provide KYC documents photo copies and then you will be ready to deposit INR and buy bitcoins at suitable dips.
But the problems arise when these exchanges provide a buy rate and some different sell rate. This means that you can buy bitcoins at a rate, which is higher than the price you get after selling immediately !!
One way to remove this discrepancy is KOINEX.
Koinex is a trading platform, very similar to binance !! In Koinex, you can actually TRADE cryptocurrencies.
In Koinex, after you signup, you will have to register with the photos of KYC documents. After the KYC is approved, you are ready to trade. Deposit the desired amount of INR or you may deposit Bitcoins/ Ethereum/ Ripple/ Litecoin/ Bitcoin-Cash to start trading.
So that makes Koinex the only Indian platform where you can trade altcoins safely !! There are several other exchanges growing up worldwide, but Koinex is one of the best exchanges !!
The only drawback of Koinex is that, it does not offer an android app :(
In the end, I shall recommend Koinex to a beginner (with no cryptos) and Binance ofcourse for the persons having any cryptocurrencies, such as BTC, ETH etc.
Get Rs. 50 bonus in Koinex ------> http://bit.ly/2ElAnDH
Join Binance -------> http://bit.ly/2noZGwj
I guess Koinex is stuck with withdrawal issues still no solution or a word form koinex . which is a big bottle neck for users
Yes the withdrawal issue is very much disturbing.... hopefully they will solve it soon
I learn something new everyday and today it's because of you so I want to ty for bringing this article to my attention.
Welcome @tronekz and ty for your valuable words !!