This is a brief post on How to buy Bitcoin using paytm.
The problem with buying Bitcoin using Paypal is it Is not secure. Seller may sometimes scam you. Just because you cannot verify transaction in Blockchain. Using paytm and other gateway Is more secure compared to this method.
In India, nowadays mobile wallet like phonepe, Bhim app and paytm become very famous. Therefore, every person wants to buy Bitcoin using this exchange. If you do proper research then you will also get some amount of cash back.
In this post, we will see how to buy Bitcoin using paytm. At the end, you will learn easiest and fastest way of buying Bitcoin using paytm.
How to buy Bitcoin using paytm
paytm is electronic payment gateway which is launched in August 2010. In 2017, it changes to the verified paytm bank. In India and many countries, people love using paytm just because it is very simple to use. Sometimes people get some cash back or offer and they want to invest this money somewhere. So,using this method you can buy Bitcoin easily in few minutes.
Things which you need for buying bitcoins using paytm.
- Paytm account with sufficient balance.
- Localbitcoin account and internet connection.
So let’s see how step by step you can go and buy bitcoins.
Go to the official page of localbitcoins.
Enter the amount in INR. Choose paytm in payment method and click on search.
You will redirect to a new page where you can see many traders. Choose traders with less Bitcoin price. Green dot show, people are online at this time which makes a faster transaction. Click on the buy.
Choose signup for free or else click on login button. Just fill the details and login in localbitcoins site.
Now you are on trade request page. You are directly connected with traders via localbictoins. Chat with the person who wants to sell bitcoins. Sometimes traders do not reply you fast but you will get an email after message. You have to buy Bitcoin within 60 minutes after that windows close automatically.
You can contact with a person using their phone number which is given in the description of bio.
Once you make payment to traders click on “I HAVE PAID”. After successful verification bitcoin released to your Bitcoin address.
That’s all, you bought Bitcoin using easiest and secure method.
Paxful also allows you to buy Bitcoin using paytm but many time you will not find any traders there.
In next post, I will tell you how to buy Bitcoin using another mobile payment gateway like phonepay and Bhimapp.
So, this is a simple and easiest way of getting Bitcoin using your paytm app. Although people who are accepting paytm takes high price as compare to market rate. Therefore, if you are not able to buy using your credit/debit card or using cash then only go with this method.
I will recommend you to read our next post on phonepe and bhim app post.
Let me know if you find any difficulty in the comment section. share this post and let everyone know how simple this is.