Unocoin is a bitcoin startup company who allows individuals to buy bitcoin. In my recent post I’ve shown you how to create Unocoin account online. Now in this post I’ll be showing you how to buy bitcoin from Uncoin bitcoin wallet. Here I’m assuming that you’ve an active and verified Unocoin account (if you’re new to this blog then I suggest you first create Unocoin account which is compulsory to buy bitcoin) and you want to know how to add money to Unocoin bitcoin wallet and how to buy bitcoin from Unocoin.
If you’re totally new to bitcoin then I would suggest you read this post “how to start bitcoin trading beginner guide?” I’ve written that post for beginners who want to invest in bitcoin. Those who are well-known to bitcoin must know that you’ll have to create a bitcoin wallet account to buy bitcoin in India. We’ve created a bitcoin wallet with Unocoin in our recent post (here is the link). In this post, we’ll add money to Unocoin account and then we’ll buy bitcoin from Unocoin.
Steps to buy bitcoin from Unocoin-
- Create Unocoin bitcoin account
- Wait for verification
- Add money to your bitcoin account
- Buy bitcoin
First two steps have been covered in my last post (Link to know how to create Unocoin account) and in this post we’ll perform last two steps.
How to buy bitcoin from Unocoin –
As mentioned earlier, to buy bitcoin from Unocoin first you’ve to load money to Unocoin wallet. So let’s add money to Unocoin wallet and then we’ll buy bitcoin.
Login to your Unocoin account and from the dashboard click on “Deposit”. Here is a link to get free bitcoin worth Rs. 200 on your first purchase.
Enter amount that you want to add to your bitcoin wallet and hit Deposit button.
Upon clicking on the button, you’ll be asked to confirm your deposit request. To do so, simply press Yes button. Thereafter click on OK.
Now scroll down and note down Unocoin bank account details. You’ve to transfer fund to that account using NEFT/RTGS/IMPS.
Simply open a new tab and login to your bank’s internet banking or mobile banking service and transfer fund to Unocoin. If your bank account belongs to SBI then you can click here to know how to transfer fund from SBI to other account. In the same way if your account is in PNB (Punjab National Bank) then click here to know how to send money from PNB to other bank account.
Attention: You’ve to transfer fund in a single transaction. Transfer should be made from your account only. Don’t transfer money from others’ account. Also, Unocoin does not accept direct bank deposits.
Once you successfully transfer fund to Unocoin, note down transaction reference id/number from your bank statement. Here is a screenshot that shows payment reference number:
In the next step, go back to your Unocoin bitcoin wallet. From the dashboard, click on Deposit. Now scroll down and click on “Ref no“.
Enter your payment reference number and hit Update button.
That’s it. We’ve have done everything from our side to add money to Unocoin account. Fund will be reflecting in your account within 24 hours. Once your Unocoin bitcoin wallet gets loaded with amount then you can follow next steps to buy bitcoin from Unocoin.
After adding money to Unocoin bitcoin wallet, from the dashboard, scroll down and click on Buy Bitcoin link.
In the next step, enter the amount say Rs. 5000, Rs. 10,000, Rs. 2,00,000 or the like (as in above screenshot, I’ve added Rs. 5000 and I’ll get 0.0170042 portion of bitcoin) and then click on the radio button next to “INR Balance” to make payment. Subsequently, click on Buy Bitcoins button.
Upon clicking on Buy Bitcoins button, a pop box will appear on your computer screen where you have to enter one time password (OTP), that you will receive on your mobile number. Simply, enter the OTP and click on Yes button.
Congratulations! You have successfully bought bitcoins from Unocoin bitcoin wallet. You can sell them anytime by clicking on Sell Bitcoin link.
I’ve written this post for those who want to buy bitcoin in India but don’t know how to do so. If you’re facing any problem in buying bitcoin then feel free to ask in comment box and don’t forget to subscribe to our email to receive notifications of new posts.
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Disclaimer: This post is for information purpose only. We’re not associate of any of the above mentioned bitcoin exchanges therefore we do not hold any legal or financial responsibility. Kindly verify these bitcoin exchanges or buy and sell bitcoins from them on your own risk.