Key Takeaway: Axis Bank does not directly offer clients in India the ability to buy or sell Bitcoin and other cryptocurrencies through the Axis Net Banking platform.
Instead, customers will need to sign up for a regulated exchange that is approved by the Reserve Bank of India (RBI) like Binance.
- Fast and cheap INR deposits via Bank Transfer, Debit Card, Credit Card and more.
- 700+ Cryptocurrencies for low fees at 0.1%.
- Crypto staking to earn interest on your deposits.
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Can I buy Crypto with Axis Net Banking?
Axis Net Banking does not offer digital asset services such as cryptocurrency trading, or crypto custody. This is because their bank does not have the required infrastructure to support digital asset investing, trading and storage. Managing Director and CEO Amitabh Chaudry has also outlined that they do not have any plans to support crypto.
This means that crypto investors in India will need to sign up to a regulated Bitcoin and crypto trading platform to deposit INR from their Axis online banking account.
How to buy Cryptocurrency with Axis Bank Online
The easiest way to buy crypto or Bitcoin through your Axis Bank online account in India is by signing up with the Binance exchange. They offer fast and cheap INR deposits from Axis Net Banking to buy, sell and trade over 700 cryptocurrencies and stake them to earn passive income.
You can get started with this simple guide:
Step 1: Sign up to the Binance cryptocurrency exchange.
Step 2: Select 'Buy Crypto' in the menu bar, then 'P2P Trading'.
Step 3: Select what crypto you want to buy, then the total amount in INR and click 'Buy with 0 Fee'.
Step 4: You will then be provided with unique deposit details that will allow you to by Crypto from a verified merchant on Binance with INR.
Step 5: Your coins will arrive in your wallet within 5 minutes of your transfer, then you can trade any of the 700+ coins available on Binance.
Axis Bank Crypto Policy
Axis Bank has a progressive stance toward the digital asset ecosystem, and freely allows its customers to buy and sell cryptocurrencies from regulated exchanges. This means that customers do not need to worry about having their bank accounts frozen when using licensed exchanges like Binance.
About Axis Bank India
Axis Bank is one of the largest banks in India. It was founded in 1994 and offers a wide range of banking products and services. These include savings and checking accounts, loans, credit cards, investments, and more. Axis Bank also has a strong online presence, with a website that is easy to use and navigate.
Overall, Axis Bank is a good choice for those looking for a reliable and comprehensive bank in India. They are safe to use and are regulated by the Reserve Bank of India (RBI).