Summary: The best way to buy Cryptocurrencies with a UPI Transfer in India is through a licensed and regulated exchange that has integrated UPI into their platform. This allows users to securely & quickly buy digital assets using the Indian Rupee (INR), making it easy for Indian citizens to invest in Crypto.

Our top recommendation for Indian investors is Binance. Their platform supports quick and free INR deposits via UPI Transfer from all Indian banks, facilitating the trading of 350+ cryptocurrencies at competitive fees. Binance is the world’s largest and most trusted exchange with over 100 million users, making it a safe place to start your crypto investing journey.

Best Exchange for UPI Transfers

Platform Highlights

  • Instant and free Indian Rupee (INR) and deposits via UPI Transfer from any Indian Bank.
  • Trade 350+ crypto assets with low fees starting at 0.1% per trade.
  • Largest and most trusted Cryptocurrency exchange in the world with 100 million users.
Binance - UPI Transfer
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Table of Contents

Can I Buy Crypto with UPI Transfers?

Currently, UPI transfers in India do not provide a direct option for users to buy Bitcoin and other cryptocurrencies through their online banking platform. However, customers can register with reputable crypto exchanges and deposit Indian Rupees (INR) directly from their bank accounts utilizing UPI and UPI lightning transfers.

How to Buy Bitcoin and Crypto with UPI Transfers

As previously mentioned, the most efficient way to invest or trade Bitcoin and cryptocurrencies using an Indian bank account is through a regulated platform that accepts Indian Rupee (INR) deposits via UPI transfers. Our research recommends Binance as the top choice due to their fast and free INR deposits, enabling users to trade over 350 digital assets with competitive fees.

Follow these steps to start using your bank account with UPI transfers on Binance:

  1. Sign Up: Register for an account on Binance and complete the identity verification process.
  2. Deposit Funds: Choose Indian Rupee (INR) as your currency and select the crypto you wish to purchase.
  3. Transfer Funds: Deposit funds from your bank account using a UPI transfer or another suitable method.
  4. Purchase Crypto: Click 'Buy', and the tokens will be instantly credited to your account.
Deposit INR with UPI or Lightning UPI.

Are UPI Transfers Crypto-Friendly?

Indeed, UPI has started facilitating cryptocurrency transactions in India. Over the past few years, the system has adapted to the burgeoning interest in digital assets, enabling users to transfer INR and other currencies to regulated and reputable cryptocurrency exchanges within the country. This development has simplified the process for UPI users to step into the realm of cryptocurrencies and engage in the rapidly growing digital asset market.

What is a UPI Transfer?

UPI stands for Unified Payment Interface. It is an Indian payment system that enables users to send money instantly and securely between any two bank accounts in the country. UPI transactions are free within India, meaning you can transfer funds with no cost or extra fees. UPI is available on all Indian banks, making it a popular choice for crypto-investors.

Final Thoughts

In conclusion, purchasing cryptocurrencies with UPI transfers in India is best done through a licensed and regulated exchange like Binance, which has integrated UPI for fast and secure transactions. This enables Indian investors to easily invest in crypto using INR.

Binance stands out as the top choice due to its vast selection of 350+ cryptocurrencies, competitive fees, and trusted reputation. Though UPI transfers do not directly support crypto purchases, they are crypto-friendly, allowing users to deposit INR into regulated exchanges without any issues. UPI transfers offer a convenient, cost-effective, and popular method for Indian crypto investors to begin their digital asset journey.

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.