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How to Open an Account with a Bitcoin Trading App in India?
December 3, 2020
ADVERTORIAL
Ever since the Indian government lifted the ban from cryptocurrency trading, people can’t wait to install the best Bitcoin trading app and embrace this trend of digital transactions. Initially, people were free to use cryptocurrency for exchanges. However, the Reserve Bank of India restricted virtual transactions in 2018. The RBI also made it mandatory for all commercial and local banks in India to end their partnership with crypto exchanges.
Now that the ban has lifted, you can set up an account on the cryptocurrency trading platform and start using this virtual currency for all types of online transactions. In this post, we are going to walk you through the process of registering an account with the Bitcoin trading app in India. Keep reading to learn more.
Steps for Setting up an Account on Bitcoin Trading App
You get to choose from a broad range of cryptocurrency exchanges app to start virtual trading. The best options include Coinmama and CoinSwitch Kuber. The account registration process on all these apps is almost the same. You don’t necessarily have to use the websites for account setup. Not only is the website inconvenient, but the registration process on these platforms can be time-consuming. Mobile exchange cryptocurrency apps, on the other hand, are designed to help users set up their accounts easily.
You are supposed to download the cryptocurrency exchange app from the Google PlayStore or AppStore and submit your personal and financial details. Once the company verifies your personal information, they will accept your account registration request. That’s it! You will be able to buy and sell different types of cryptocurrencies through these apps.
If you are having a hard time creating an account on the crypto app, then let’s take a look at the simple steps for account registration.
Step 1 – Find and install the cryptocurrency app you would like to use on your smartphone. Fortunately, some crypto exchange apps are available on both Android and Apple stores.
Step 2 – Submit your mobile number to start the account registration process. Make sure you complete the Know Your Customers (KYC) process through the app only.
Step 3 – Submit your personal details and the information requested by the company. The details you are supposed to submit can vary from app to app. Some apps require your mobile number only, while others ask you to enter the email and other contact information.
Step 4 – Once you have submitted the personal details, the company will take a few business days to review your application. As soon as your account is verified, you will be able to use it for buying and selling cryptocurrency.
Step 5 – You get to choose different cryptocurrencies for trading. Make sure you deposit the fiat money into your crypto trading account to make a purchase.
Step 6 – Your cryptocurrencies and fiat money will be stored in your account.
There you go! You can now trade different crypto coins. Explore the app and make the best of it.
KuberVerse Academy: Powered by CoinSwitch Kuber is here to empower you by making crypto investing simple & easy. We will simplify your crypto journey with content that you will love to read and share !!
