Buying etherum is still not available in India directly by exchanges against INR. But still you can buy BTC in India and then you can easily and instantly exchange your Bitcoins for etherum or any of top cryptocurrencies instantly without even touching to exchange.
How to store ethereum and how to buy it in India so here’s the steps I follow.
- Create ZebPay/Unocoin account and get yourself verified.
- Download Exodus wallet from here exodus.io
- Buy Bitcoin from ZebPay or Unocoin
- Now go to Shapeshift.io or poloniex (I prefer Shapeshift as its simple to use) and choose Bitcoin to eth. Enter destination address of eth wallet you received after installing Exodus. Pay via Bitcoin. Alternately you can transfer your Bitcoin to Exodus wallet and change to eth directly from Exodus wallet, but it will cost you a little extra.
- Enjoy your etherum coins
How to backup your Exodus wallet.
1. Click on backup in Exodus wallet (option becomes active after you have something in your wallet)
2. Enter a password.
3. Print or save your recovery phrase.
4. Enter your email id. You will get an email, properly save it. Don’t delete it. You won’t get this email again.
5. Congratulations everything has been backed up.
How to restore your backup
1. Open the link you received from Exodus while backing up your wallet.
2. Enter your password.
If you lose access to email account,
1. Enter recovery phrase in Wallet
You have to buy bitcoin first. You can buy it from zebpay or unocoin. Then you can transfer your btc to Poloniex – Bitcoin/Cryptocurrency Exchange and exchange your btc for ethereum there.
Congratulations for taking a good decision. Investing in bitcoins is a good investment idea in recent days. Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
Disclaimer! This Article has been created for Educational purpose only.