Want to know how to buy crypto safely in India? Check out our guide. Once you read it, you won’t have to rely on any other source.
I wrote this guide from my own experience of using crypto for online gaming and betting in India. My goal is to show Parimatch players how I buy crypto, move it to my wallet, use it for deposits, and cash out my winnings. This guide covers it all.
I am also about to share what I learned from testing different wallets. Read and learn about my usual betting flow. You will also learn the simple safety steps I follow.
The idea is simple. If you are new to crypto, my guide will make sure you don’t get lost. Also, here is a reward for you. Join Parimatch and unlock the exclusive crypto bonus.
Table of Contents
How to Buy Crypto Coins in India?
Here is how to buy crypto in India legally: Find a crypto exchange that follows Indian rules. Tap the Sign Up button and create an account. Complete KYC. Go to the market. Choose the crypto coin and then the best network. Enter the amount. Choose the payment method (eg UPI). Enter the UPI ID. Open the app. Enter the PIN and complete the payment.
Why I Ditched Traditional Payment Gateways
When I used normal payment methods on betting sites, I often faced problems. Sometimes my UPI payment failed. The reason was a server failure. At other times, my bank declined the transaction. I missed so many betting opportunities because of that. I even had to wait a long time for payouts. This became frustrating. I needed an alternative. Then I tried crypto betting on Parimatch.
With that, my gaming/betting approach changed. The deposits became instant. All my transactions are now more private. The transaction limits went up. No more missing bets. And now, I get payouts in under 5 minutes.
Getting INR into Crypto (The On-Ramp in India)
|
Platform Type |
Options | Pros | Cons / Watchouts |
|
P2P Platforms |
Binance P2P, KuCoin P2P | These are my top picks for buying USDT/TRX using UPI, IMPS, or Paytm. This is because of the high liquidity. Plus, the rates are competitive, and hence I can get the best deal out of it. | You must carefully do seller filtering. Otherwise, you won’t be able to avoid flagged funds. |
| Indian Exchanges | CoinDCX, WazirX, Mudrex | The best thing is that these platforms are easy for beginners. Plus, the KYC process is smooth. Also, on these platforms, you get to enjoy automated compliance. |
These are subject to crypto withdrawal restrictions. Sometimes they might apply. You might also need to pay high TDS, tracking, and trading fees. |
Pro-Tips for P2P in India:
- Only trade with counterparties that have a 98%+ completion rate. Also, look at the history. Choose a seller who has completed 500+ trades.
- Be careful when using your details. Double check. The bank account you use for payment should match the exact name on your exchange. Or else, you won’t be able to complete the KYC.
- Do not use third-party accounts. This can trigger automated banking alerts, and UPI freezes in no time.
Comparing Wallets: Fees, Speed, Security For Crypto Trading
|
Wallet |
Fees | On-chain transfer speed from my tests | Security score | Key security features | Best for frequent bettors |
| MetaMask | No separate wallet fee; network fee applies | Fast — usually a few minutes | 4.5/5 | Self-custody, Secret Recovery Phrase, transaction alerts and hardware-wallet support |
Yes — Best overall |
|
Trust Wallet |
No separate wallet fee; network fee applies | Fast — usually a few minutes | 4.5/5 | Self-custody, security scanner, risk alerts, encryption and hardware-wallet support | Yes — Very good |
| Coinbase Wallet | Network fee applies when sending on-chain | Fast — usually a few minutes | 4.5/5 | Self-custody, recovery phrase and direct control of wallet assets |
Yes — Good choice |
|
Exodus |
No wallet fee; network fee applies | Fast — usually a few minutes | 4/5 | Self-custody, 12-word secret key, private-key control and encrypted wallet data |
Yes — Good for simple use |
My pick for frequent bettors: I would choose a self custody wallet such as MetaMask or Trust Wallet. This is because I prefer having complete control over my digital assets. Plus, when I use a self custody wallet, I can transfer funds easily when I need to.
The best thing about MetaMask is that you can see network fees before every transaction. On the flip side, Trust Wallet is great for security.
How to Buy Crypto Currency in India The Affordable Way
If you want to know how to buy crypto in India online in the most affordable way, you must pay close attention to a few things. These are: the seller, the transaction network, and the market rate. When buying crypto coins from a P2P network, check the available sellers first. Look at the prices closely and then go for the purchase. This way, you can get the best deal.
Second, when you send crypto from one wallet to another, you need to select a transaction network. There are many of them, and each works differently. You must choose one according to your coin. It must be fast. Plus, it must charge the lowest fee. For example, TRC20 is the best network for USDT.
Third, if you want to buy cryptocurrency cheaply, you must read the market values carefully. When buying stablecoins, check the USD INR exchange rate daily. Go for the purchase when the rate falls a bit.
On the other hand, when you want to buy coins like BTC, keep a close eye on the market. When the value goes down a bit, buy it. But this doesn’t apply to every coin.
How to Buy Cryptocurrency & Deposit on Parimatch
Here is a step by step guide on how to buy a crypto coin in India and transfer it to your Parimatch account for online gaming/betting:
Step 1: The first thing that you do is open a P2P trading site or go to a crypto exchange. For example, you can use Binance or KuCoin. Then go to the trade section and select the cryptocurrency that you want to buy. On Parimatch, you can use USDT and USDC. So select either of them.
Next, enter the amount. Choose the payment mode. The easiest method right now is UPI. Enter your UPI ID and tap “Buy.” Open the UPI app and complete the payment.
How to buy crypto using credit card in India?
Select the cryptocurrency and the network on the P2P platform. Then choose “credit card” as the payment method. Next, enter your card number, CVV, and expiry date. Tap “Buy.” Enter the OTP to confirm the transaction.
Step 2: Transfer the USDT to your crypto wallet. Say you use the Trust Wallet. In that case, open your wallet and copy the wallet address. Then go to Binance/KuCoin and tap “Send.” After that, select USDT and TRC-20 (network). You can also choose Polygon. Paste the wallet address and complete the transaction.
Step 3: Open the Parimatch app. Tap the Deposit button. You can find it in the top right corner. Switch to the crypto tab. Choose USDT. Then choose a crypto network. TRC20 is the best option. Copy the Parimatch wallet address this time.
Now open the Trust Wallet. Go to your profile. Tap Send. Choose USDT and the same network as before. Enter the amount. Paste the wallet address. Tap the “Send” button one last time.
This is how to buy crypto coins in India online and send them to your Parimatch gaming account.
How to Get the Parimatch Crypto Welcome Bonus
If you are a new user, you can automatically trigger the exclusive Parimatch crypto welcome bonus offer by sending funds from Trust Wallet. Just make sure to add 30 USDT or more. Once you do, you will become eligible for the offer. Depending on how much you add, you will get bonus funds of up to 1200 USDT.
Cashing Out Winnings Back to INR in 10 Minutes
You now know how to buy crypto tokens in India and send them to Parimatch for gaming/betting. But what about cashing out? The process is simple in this case as well. After playing games and betting on sports, you can follow these steps to initiate a withdrawal:
- Go to your profile and tap the Withdrawal button. You can find it under the Balances tab.
- Choose USDT/USDC. Then choose a network. It is better to choose the same one as before, which is TRC20.
- Next, enter the amount. The minimum amount you must withdraw is 30 USDT/USDC.
- Open the Trust Wallet. Tap “Receive.” Choose USDT and the TRC20 network. Copy the wallet address.
- Come back to the Parimatch payments page. Paste the wallet address. Tap the Withdraw button.
Speed Test: I have been using crypto for quite some time, and every time, my payouts are way quicker than the standard local bank transfer options. In fact, it’s around 50% quicker than UPI. Usually, I get my payouts in a minute or two. The maximum I have waited is under 10 minutes.
Safety Practices I Follow With Digital Wallets
How to buy crypto safely in India? The answer lies in a few things you should follow when purchasing digital assets. Here are the four things that I do to make sure my payments are 100% safe. Check them out:
Enable 2FA on Every Exchange and App
The first thing I do is turn on two-factor authentication (2FA) for every crypto exchange and app I use. Even if someone gets my password, they still need the second verification step to log in. So I am always safe. I recommend using an authenticator app. It is better than relying only on SMS.
Back Up Seed Phrases Offline Immediately
When I create a crypto wallet, I back up the seed phrase straight away. I write it down and keep it somewhere safe offline. Things like screenshots, emails, cloud storage, are not safe. These are always prone to hacks.
No Sharing of Keys (or Seed Phrases)
You should always keep your private keys and seed phrases private. I never share them with anyone. Not even to someone who says they are from a crypto exchange, wallet company, or support team.
Use Small Test Transfers Before Large Deposits
Before sending a large amount of crypto, I first make a small test transfer. If and when that reaches the right wallet, I then send the rest of the amount. I follow it for every cryptocurrency.
Final Words on How to Buy and Sell Crypto in India
Buying and selling crypto in India is a very simple process. If you follow our guide, you can do that easily in no time. Plus, it is very easy to transfer crypto from your wallet to your Parimatch wallet.
Once done, you can then play 10,000+ games and bet on cricket, football, and more in a better way. Better, as if with instant deposits. Better in the sense that you can play games and bet 24/7. Better because you can get your payouts fast.
Why wait? Download the app for free and start crypto gaming/betting. Make your first deposit and get bonuses up to 1200 USDT/USDC.
FAQs
How can I buy crypto legally in India?
Open a crypto exchange that follows Indian rules. Next, create an account. Complete KYC. Go to the market. Choose the currency that you want to buy. Enter the amount. Choose the payment method (eg UPI). Enter the UPI ID. Open the app. Complete the payment.
Can I buy crypto for 100 rupees?
Yes, you can buy crypto for ₹100. But the exchange you use must allow a minimum purchase of ₹100 or less.
Can I buy Bitcoin for 1000 Rs?
Yes, you can buy Bitcoin for ₹1,000. Currently, you can get around 0.000166 Bitcoin for ₹1,000. This amount will depend on market trends.
Which is the best crypto app for online gaming?
Parimatch is the best crypto gaming app in India. You can deposit USDT/USDC with zero extra charges. You can play games and get exclusive bonuses. Plus, on Parimatch, you can send your winnings directly to your wallet.
Is KYC mandatory for cryptocurrency trading?
KYC is normally required when you use a regulated crypto exchange in India. So, yes, it is mandatory if you want to buy, sell, and use crypto safely.
Are crypto transactions taxable in India?
Yes, crypto transactions are taxable in India. You must pay 30% tax on the profits. Also, you are liable to pay 1% TDS on crypto transfers. This TDS is reclaimable.
How to buy Bitcoin with a bank account?
Open a crypto exchange. Complete KYC. Go to the market. Choose BTC. Enter the amount. Choose bank transfers. Enter your bank details. Complete the payment.
How to buy crypto in India with UPI?
Open a crypto exchange. Complete KYC. Go to the market. Choose the currency. Enter the amount. Choose UPI. Enter your UPI ID. Open the UPI app and enter the PIN. Complete the payment.
What is FIU IND registration?
FIU-IND registration means a crypto platform is registered with India’s Financial Intelligence Unit (FIU-IND) as a reporting entity.
How to buy presale crypto in India?
To buy presale crypto in India, find the official presale, create a crypto wallet, add funds, connect your wallet, choose the tokens, and confirm your purchase.