How to buy Crypto with PayTM
As mentioned above, the easiest way to invest in Cryptocurrencies like Bitcoin, Ethereum and Solana with a PayTM account is through a regulated crypto-broker in India. We recommend the Bybit exchange because they offer fast and cheap INR deposits to trade over 400 cryptocurrencies and great staking features to earn interest on your deposits.
You can get started in 4 simple steps with a PayTM account:
- Open an account: Sign up to Bybit with your e-mail address and verify your email
- Deposit Funds: Select the 'Buy Crypto' tab and choose INR and PayTM as your preferred deposit method
- Find Crypto: Once you complete the deposit, find the crypto you want to buy on the platform
- Buy Coin: Input the amount of INR you want to invest and click 'Buy'
How much Crypto can I buy with PayTM?
The maximum amount of Bitcoin you can buy with PayTM is 1,000,000 INR worth on the Bybit exchange. A deposit and transaction will take up to 20 minutes when you sign up.
PayTM Deposit and Trading Fees
The fees will vary to buy BTC or ETH with PayTM depending on the broker. In our experience, you can expect to pay up to 1% per transaction as peer-to-peer trades are more expensive than normal exchange trades.
PayTM is an Indian e-commerce payment system and digital wallet company. It was founded in 2010 by Vijay Shekhar Sharma in Delhi NCR. The company offers online mobile recharge and utility bill payments, DTH recharge, metro card recharge, IRCTC train ticket booking, movie tickets, bus tickets, cricket league tickets, and flight tickets. PayTM also provides mobile banking services, loans, insurance, and investment products.
As of 2022, PayTM is the largest mobile payments platform in India with over 300 million users. In 2018, the company processed over 1 billion transactions and had a gross merchandise volume (GMV) of $50 billion. PayTM has also expanded its operations to Canada, Japan, and the United Arab Emirates.
Buying Cryptocurrencies with PayTM is a great way to get started in the crypto world. It’s fast, secure, and cost-effective. Plus it allows you to easily transfer INR into your preferred platform or broker to buy any cryptocurrency available on their exchange. We recommend Bybit as they offer instant deposits and competitive fees. Plus, they provide over 400 cryptocurrencies and the ability to earn interest on your deposits.