Crypto Banks
Buy Crypto with UPI Transfer

Buy Crypto with UPI Transfer

Adrian Graham
Fact Checked
Jan 9, 2023

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 pick for investors in India is OKX. Their platform offers fast and cheap deposits via UPI Transfer from all Indian banks to trade 300+ cryptocurrencies with low fees. The OKX exchange is licensed in India and around the world and have an audited proof of reserves.

Table of Contents

Best Crypto Exchange for UPI Transfer

Platform Highlights

  • Fast and cheap Indian Rupee (INR) deposits via UPI Transfer from all Indian Banks.
  • Trade & Stake over 300 Cryptos with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, OKX Chain, OTC Support & more.
OKX - UPI Transfer
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Audited Proof of Reserves
Audited Proof of Reserves

Are UPI Transfers Crypto-Friendly?

Yes, UPI Transfers are crypto-friendly because they do not block or ban customers for depositing INR into regulated digital asset trading platforms. All transfers between UPI enabled banks are instant and free of charge as long as they are within India.

How to buy Crypto and Bitcoin with a UPI Transfer

The safest and easiest way to invest in Bitcoin, Ethereum and other crypto assets with a UPI Transfer in India is with OKX. Their platform offers instant and cheap INR deposits & withdrawals with all Indian Banks to trade over 300 cryptocurrencies via UPI's payment infrastructure in the country.

To start investing with OKX, follow these steps:

  1. Sign Up: Create an account on OKX and complete your verification.
  2. Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu and click 'Third-party Payment'.
  3. Deposit Funds: Select INR and the token you want to buy, then choose 'Xanpool' as your Service Provider.
  4. Buy Crypto: Input the amount you want to buy and finalise your bank transfer. The crypto will arrive in your OKX wallet in 2-10 minutes.
Buying USDT with a UPI Transfer on OKX.

What are the fees?

OKX has some of the lowest trading fees in India. They charge a flat fee of 0.1% per trade, regardless of whether you are buying or selling. Furthermore, UPI deposits and withdrawals are free on OKX (excluding external bank charges).

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

If you're looking to buy Bitcoin, Ethereum or other crypto assets in India with a UPI Transfer, then OKX is our top recommendation. Their platform offers instant & cheap deposits and withdrawals via UPI Transfer, plus some of the lowest fees in the country. To start investing with OKX, simply create an account and follow the steps above.

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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