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Buy Crypto with Kotak Mahindra Bank

Buy Crypto with Kotak Mahindra Bank

Adrian Graham
Fact Checked
Jan 12, 2023

Summary: Kotak Mahindra Bank does not offer cryptocurrency investing services through its net banking platform. This means that customers will need to sign up to a licensed and regulated exchange to deposit INR from their bank accounts to safely invest in digital assets.

Our top pick for investors in India is OKX. Their platform offers fast & secure INR deposits from Kotak Mahindra to trade 300+ cryptocurrencies with low fees. The OKX Exchange is licensed in India and regulated globally, with over 10 million active users on the platform.

Table of Contents

Best Crypto Exchange for Indian Banks

Platform Highlights

  • Fast and cheap Indian Rupee (INR) deposits from all Indian Banks.
  • Trade & stake over 340 tokens like Bitcoin and Ethereum with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, Lending/Borrowing & more.
OKX - India
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto with Kotak Mahindra

As mentioned above, the best way to buy Bitcoin, Ethereum and other cryptocurrencies with Kotak Mahindra is through the OKX platform. They offer cheap and fast INR deposits via Bank Transfer, UPI Transfer, Debit Card or Credit Card to buy, stake and trade over 300 of the most popular cryptocurrencies.

You can get started in 4 simple steps with our guide:

  1. Open a free account on OKX platform and complete the sign-up process.
  2. Go to the 'Buy Crypto' tab and select a deposit method to send funds from Kotak Mahindra.
  3. Select 'INR' as your fiat currency and pick a cryptocurrency you want to buy (e.g USDT).
  4. Input the amount of Thai Baht you want to invest and execute your trade.
Buy Crypto in India
Buy Crypto in India with OKX.

Is Kotak Mahindra Crypto-Friendly?

Yes, Kotak Mahindra are a crypto-friendly bank because they allow customers to transfer funds to regulated cryptocurrency exchanges like OKX. This means that investors do not need to worry about their funds being frozen, or a deposit being blocked by their bank.  Additionally, most banks in India are crypto-friendly and allow customers to fund their accounts with INR.

What are the fees to buy Cryptocurrencies?

The fees to buy cryptocurrency with Kotak Mahindra Bank will depend on the exchange you use. OKX charges a 0.1% fee when buying cryptocurrencies, as well as additional discounts for traders who hold their platform token (OKB). This makes them significantly cheaper than alternatives like WazirX or CoinSwitch Kuber which charge in excess of 1% per trade.

Final Thoughts

Kotak Mahindra Bank does not offer a direct service to buy cryptocurrencies. However, customers can still use their bank accounts to deposit INR at licensed cryptocurrency exchanges like OKX. This will allow them to safely trade hundreds of digital assets with low fees and quick settlement times.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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