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- 1. How to buy Bitcoin with Paytm Wallet in 2023
- 2. How to buy Bitcoin with Paytm Wallet – a step-by-step guide
- 3. Top Bitcoin platforms that accept Paytm Wallet
- 4. Quick answers to key questions
- 5. Should I buy Bitcoin using Paytm Wallet?
- 6. Is there an alternative to buying cryptocurrency with Paytm Wallet?
- 7. FAQs
How to buy Bitcoin with Paytm Wallet in 2023
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Firstly, the most important question to answer is: can I buy Bitcoin with Paytm Wallet?
No, Paytm Wallet doesn’t allow you to purchase cryptocurrency. However, you can use Paytm Wallet on a peer-to-peer (P2P) exchange and buy Bitcoin that way.
You just need a crypto exchange that accepts Paytm Wallet deposits. And we’re here to help.
How to buy Bitcoin with Paytm Wallet – a step-by-step guide
It takes about 15 minutes to buy BTC with Paytm Wallet. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with eToro
We recommend eToro as the best platform to use to buy BTC with Paytm Wallet.
Step 2. Create an account
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via Paytm Wallet
Enter how much you want to deposit and select Paytm Wallet as your payment method from the list of options.
Step 4. Use the search box to find Bitcoin
Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase
Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.
Top Bitcoin platforms that accept Paytm Wallet
1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Bitstamp. Best for professionals & trading with APIs
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand.
Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.
The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.
Quick answers to key questions
Can I buy crypto with Paytm Wallet?
Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support Paytm Wallet as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is Paytm Wallet safe?
Yes, it’s completely safe to use Paytm Wallet. The only risk to look out for is to make sure you sign up to a regulated Paytm Wallet Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Bitcoin via Paytm Wallet?
Expect to pay about 10% more than the market price. Only a handful of sellers accept Paytm Wallet, so they have the freedom to set the price higher than you would find were you to use another payment method.
You have to use a P2P exchange, like Paxful, to buy Bitcoin with Paytm Wallet. On those platforms, you deal directly with the seller, who gets to set their own price. 10% above market is about par, but it can be significantly more.
Can I store Bitcoin in my Paytm Wallet?
No, Paytm Wallet can’t be used to store cryptocurrency. It’s a payment provider that links to your bank account, so it only holds fiat currencies; mainly rupees, but it can be used to store international currencies as well.
The best way to store Bitcoin is in a dedicated crypto wallet.
Why don’t more crypto platforms support Paytm Wallet?
The Reserve Bank of India has acted aggressively to stop Indian payment providers from accepting crypto payments or dealing with cryptocurrency in general. As a result, there are virtually no links between Paytm Wallet and crypto exchanges.
Should I buy Bitcoin using Paytm Wallet?
If you’re willing to pay the extra cost that comes with using a P2P exchange. Finding a crypto broker that accepts payments from your Paytm Wallet is difficult, so the alternative is forking out more money to use a platform like Paxful.
Here are some of the pros and cons of using Paytm Wallet to buy Bitcoin.
Pros
- An easy way to manage your crypto purchases
- Paytm is linked to your bank account
Cons
Is there an alternative to buying cryptocurrency with Paytm Wallet?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.
- Buy Bitcoin with Afterpay
- Buy Bitcoin with American Express
- Buy Bitcoin with Apple Pay
- Buy Bitcoin with bank transfer
- Buy Bitcoin with cash
- Buy Bitcoin with Cash App
- Buy Bitcoin with Discover Card
- Buy Bitcoin with gift card
- Buy Bitcoin with Google Pay
- Buy Bitcoin with Neteller
- Buy Bitcoin with Payoneer
- Buy Bitcoin with PayPal
- Buy Bitcoin with Paysafecard
- Buy Bitcoin with Paytm Wallet
- Buy Bitcoin with Revolut
- Buy Bitcoin with Skrill
- Buy Bitcoin with Swish
- Buy Bitcoin with Venmo
- Buy Bitcoin with Zelle
- Buy Bitcoin with Zippay
FAQs
More ways to buy cryptocurrency
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Navigation
- 1. How to buy Bitcoin with Paytm Wallet in 2023
- 2. How to buy Bitcoin with Paytm Wallet – a step-by-step guide
- 3. Top Bitcoin platforms that accept Paytm Wallet
- 4. Quick answers to key questions
- 5. Should I buy Bitcoin using Paytm Wallet?
- 6. Is there an alternative to buying cryptocurrency with Paytm Wallet?
- 7. FAQs