How to Buy Bitcoins using Debit / Credit Card in India?

Prior to entering into this topic, please do note that this method works only in INDIA. However, if you reside in other countries but have Indian debit/credit cards and bank accounts then you can proceed.

If you are new to Bitcoin System then please read our earlier topic “What is Bitcoin and How it differs from Other Currencies?” once.

Most of the bitcoin selling services in India provide you with an IMPS/NEFT bank transfer method so as to buy bitcoins. The risk is moderate in such cases. Once the transfer is completed, you can’t get the amount back in case of any fraud issues. Thus, the best way is to introduce a mediator between you and the bitcoin seller.

Today we are going to have a discussion on two different services which can be used in combination in order to purchase Bitcoins. Let’s have a little introduction to those services.

Unocoin is one of the most popular Bitcoin companies in India. It’s very easy to buy, sell, store, accept, use, and transfer bitcoins using Unocoin. What exactly you need is to create an account on Unocoin, and it is obviously free of cost. You will get your wallet address upon successful verification and confirmation of your account.

MobiKwik is one of the best and most popular payment gateways in India. MobiKwik provides state-of-the-art payment gateway solutions to online businesses thru its cutting-edge and award-winning technology. It accepts Indian credit cards, debit cards, and even net banking for transactions. What you need is to create an account on MobiKwik, which is also free of cost.

A few points to remember:

Unocoin provides you with an IMPS/NEFT Direct Bank Transfer method for purchasing Bitcoins. If you want to go ahead with a bank transfer, then there is no need for a MobiKwik account. Anyone can simply use the following Bank details of Unocoin to transfer funds and buy bitcoins. After the transfer is completed, provide them with the reference number of transactions via the form placed on their site.

Don’t transfer funds to the below bank details until you have verified and confirmed your account on Unocoin. Moreover, the amount should be transferred from your registered bank account, which is already updated on Unocoin. If you transfer the amount from a different bank account, then the amount is not credited to your wallet and is refunded back within 8 to 15 days.

If you want to transfer thru IMPS/UPI, then use the below bank details:

Bank Name: Bandhan Bank
Account Holder Name: Unocoin Technologies Private Limited
Account Number: 10200005464630
IFSC Code: BDBL0001865
Account Type: Current

If you want to transfer thru NEFT/RTGS, then use the below bank details:

Bank Name: Equitas Bank
Account Holder Name: Unocoin Technologies Private Limited
Account Number: 200001339212
IFSC Code: ESFB0003033
Account Type: Current

If you don’t want to use the bank transfer method, then you need a MobiKwik account that accepts credit cards, debit cards, and net banking.
In my opinion, using MobiKwik to purchase Bitcoins from Unocoin is the best way to avoid faulty transactions and stay safe.

This can be done by two methods:

One is loading the MobiKwik wallet with the amount fixed to buy bitcoin, prior to logging in to Unocoin.
Another method is to log in to Unocoin and then add the desired amount to the MobiKwik wallet.

1. Log in to your MobiKwik account.
2. Click on ‘My Account‘ which is on the top right side of the website.
3. Click on ‘Wallet Balance‘ and check the amount in the wallet.
4. Click on ‘Add Balance‘ and choose the amount with which you decided to buy bitcoin. You can select the credit card or debit card option to add the balance to the MobiKwik wallet.
5. After the successful addition of balance to your MobiKwik wallet, open the Unocoin website in your browser, or else open the Unocoin app on your mobile phone.
6. Go to the ‘Wallets‘ option in Unocoin. All the wallets for INR, BTC, ETH, and other cryptocurrencies were displayed.
7. Adjacent to ‘INR Balance‘, there are “Deposit” and “Withdraw” options. Click on “Deposit“.
8. A separate page will open where it asks for more details for accepting payments. Select ‘MobiKwik Wallet‘ among the options.
9. Unocoin will ask you to log in to your MobiKwik account from where the amount is withdrawn and added to your Unocoin INR wallet.
10. From the Unocoin INR balance, you can buy bitcoin at any time. The purchased bitcoins will be added to the BTC wallet.
11. From then on, you can buy or sell bitcoins. When you sell bitcoins, the sold amount will be added to the INR balance.

1. Open the Unocoin website in your browser or else open the Unocoin app on your mobile phone.
2. Go to the ‘Wallets‘ option in Unocoin. All the wallets for INR, BTC, ETH, and other cryptocurrencies were displayed.
3. Adjacent to ‘INR Balance‘, there are ‘Deposit‘ and ‘Withdraw‘ options. Click on “Deposit”.
4. A separate page will open where it asks for more details for accepting payments. Select ‘MobiKwik Wallet‘ among the options.
5. Unocoin will ask you to log in to your MobiKwik account from where the amount will be withdrawn and added to your Unocoin INR wallet.
6. Add the desired amount to the MobiKwik wallet at the same time when Unocoin logs in to your MobiKwik account using any payment method, like a credit card or debit card.
7. The amount is finally withdrawn from the MobiKwik wallet and added to the Unocoin INR wallet.
8. From the Unocoin INR balance, you can buy bitcoin at any time. The purchased bitcoins will be added to the BTC wallet.
9. From then on, you can buy or sell bitcoins. When you sell bitcoins, the sold amount will be added to the INR balance.

In this way, anyone can buy bitcoins using a credit/debit card in India.

Thanks for reading…!