Step by Step Procedure for Buying Bitcoins using Unocoin and PayUMoney:
Step 1: Create an Account on Unocoin. Use your valid E-Mail Address during the Sign-Up.
Step 2: Upload KYC Documents so as to get your Account Verified and Activated. Please use your own valid Mobile Number. You will get OTP to your Mobile Number every time you try to log in. Wait for the Verification to get completed. Usually, verification gets completed within 2-3 Business days.
Step 3: Create an Account on PayUMoney. Use your valid E-Mail Address during Sign-Up.
Step 4: Please use the Same Mobile Number which you already used at Unocoin during the Account Creation of PayUMoney. Your Account instantly gets activated. There is no need of any verification except e-mail for PayUMoney Account.
Step 5: After the Successful Verification of Unocoin Account, You can start Buying and Selling Bitcoins. At the Dashboard of Unocoin, you will find options for Buying, Selling, Sending and Depositing Bitcoins. Depending on your needs, Click on the respective button.
Step 6: Incase of Buying Bitcoins, Place how much amount of Bitcoin you need in their form, then the screen will show you the conversion rate i.e., in INR. As soon as Conversion Rate is shown, Quickly log in to PayUMoney in New Browser Tab and Add the exactly shown amount to PayUMoney Wallet using your Credit / Debit Card / Net Banking.
Step 7: Then Select the Option of “PayUMoney Balance” on Unocoin during the Buying Process. Then you will get the OTP from PayUMoney detailing about the Transaction with Unocoin. You have to enter the OTP. Thus the amount gets debited from your PayUMoney Balance and Bitcoins get added to your Unocoin Bitcoin Wallet Address.
During the Buying Process, There is an option for Self-Depositing Bitcoins (Default) or Depositing to Other Bitcoin Wallet Address. If you want to purchase Items from others or want to pay for services accepting Bitcoin Payments then you can use that option “To Bitcoin Wallet Address” and place the Seller’s Wallet Address in the form. Then the Bitcoins get deposited in the Seller’s Wallet and your Order i.e., Purchase get completed. In both cases, the amount gets deducted from your PayUMoney Wallet.
That’s it, This is the Best and Instantaneous Method for Buying Bitcoins Using Debit / Credit Card / Net Banking in India.
