Most purchasers of crypto currencies in India want to avoid the KYC requirements large exchanges have, partially due to RBI banning exchange transfers and blocking accounts. The other reason is that giving third parties your identification can eventually lead to that information being leaked, as many saw with the Aadhaar Number leaks earlier this year. Somehow the government thought linking Aadhaar numbers to telecom services was a good idea before the Supreme Court struck down Section 57 of the Aadhaar Act. It’s no wonder people in India value a decentralized currency like bitcoin.

Although it is getting difficult using rupees for buying bitcoin in the country, it is still possible with or or without identification to purchase. Two of the largest bitcoin exchanges have had issues.

Zebpay moved their company outside of India to avoid the RBI and government harassment of crypto currency in the country. They will still sell bitcoin for rupees, however the consensus is that there are faster and easier places to buy bitcoin now in India.

Unocoin is another top exchange in the country but after their founders were arrested for installing a bitcoin ATM in India (nothing is clear about what they are being charged with currently), many people are waiting to see if this affects customers deposits and withdrawals on the exchange. Fortunately, the exchange has millions of dollars, rupees and bitcoins to pay customers if the government continues their aggressive stance towards crypto currency exchanges.

Best Bitcoin Exchanges in India to Buy Bitcoin

Because the government and RBI are constantly changing the laws, while the rupee plunges, most Indians prefer to buy small amounts of bitcoin on localbitcoins or similar person to person exchanges that will not require identification.

With the rupee constantly being devalued and RBI’s efforts to block crypto currency increasing, the prices could get even higher for bitcoin if their is an outright ban. Anonymous bitcoin purchases are essential to most people in India, especially the millionaires that flee the country, now that India is planning to change their passport laws for anyone leaving the country.

The Best Bitcoin Exchanges in India for 2020 are:

Bitcoin Exchanges India		Type	KYC	Currencies
	LocalBitcoins	Peer to Peer Bitcoin Buying and Selling	Yes	INR, USD, EUR and Bitcoin	Continue
	HodlHodl	Peer to Peer BTC Exchange / Trading Platform	No	CAD, EUR, GBP, INR, JPY, NZD, RUB, ZAR (More)	Continue
	Koinex	Peer to Peer Exchange / Trading Platform	Yes	INR	Continue
	Paxful	Anonymous Bitcoin Purchases	No	Western Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards	Continue
	LakeBTC	Exchange / Trading Platform	Yes	IDR, USD, All National Currencies, BTC, LTC, ETH	Continue
	Wazirx	Peer to Peer Exchange	Yes	INR, BTC, WRX	Continue
	Changelly	Anonymous Bitcoin and Altcoin Buying	No	BTC, ETH, LTC and Hundreds of Altcoins	Continue
	BISQ	Anonymous Person to Person Exchange / Trading Platform	No	AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More)	Continue
	CoinMama	Exchange	Under $150 No	Visa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR	Continue

Other Ways to Buy Bitcoin in India

The underground bitcoin network of India sometimes hang out at the bitcoin meetups and blockchain meetups in Bangalore. There is the Delhi bitcoin group as well as tons of back alley bitcoin deals going on.

There is also the bitcoin marketplace on bitcointalk where many people trade (buyer beware) bitcoin for cash.