How to Buy Your First Bitcoin on Koinpark?
By April 2024, India had the highest number of cryptocurrency investors worldwide, exceeding 100 million. Despite being a relatively new industry, with only about a decade of history, India's cryptocurrency market has surpassed its stock market in terms of investor count.
Due to this growing interest, many Indians are eager to learn how to buy Bitcoin. The process is quite straightforward with Koinpark, a global cryptocurrency exchange. This blog will let you know the simple steps involved in buying your first Bitcoin on Koinpark.
Step-by-Step Guide on How to Buy Bitcoin on Koinpark
To buy Bitcoin on Koinpark, follow these steps:
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Sign in - If you are an existing user
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Sign up - If you are a new user
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Complete your KYC
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Add INR to your Koinpark wallet from your bank account
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Buy Bitcoin
Here are the detailed instructions to buy BTC on Koinpark.
Sign up - If you are a new user
In the following paragraphs, the steps for signing up on Koinpark to buy Bitcoin are explained in detail.
First, download our Koinpark cryptocurrency exchange app from the Play Store.
After opening the app, click the profile icon at the top to access the sign-up screen.
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In the sign-up field, enter your basic information, review and accept the Koinpark terms, then click the "Sign up" button.
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Following the previous step, the Koinpark app will send an account activation link to your registered email address. If you don't receive the activation email, be sure to check your spam folder as well.
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Click the “activation link” button, which will direct you to the Koinpark page where your account will be activated.
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To increase your account credibility, complete identity verification. To do this, click the profile icon at the top of the application, verify any unverified fields, and enable Two-Factor Authentication (2FA).
Once you've completed these steps, you're all set. The next step is to fund your wallet and start purchasing Bitcoin. To add funds to your account, click the wallet icon at the bottom of the app's home screen.
This will take you to the deposit page. Select "Spot," then choose the INR tab, and click the "Deposit" button to add funds to your account. (You can also fund your account with other cryptocurrencies.)
Super Fast Deposit supports:
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GPay
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PhonePe
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Paytm
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IMPS
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NEFT
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RTGS
Normal Deposit supports:
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IMPS
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NEFT
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RTGS
Select one of the payment methods mentioned above and provide the required information.
Next, go to the market page and search for BTC.
You'll see a list of results—choose the appropriate market. For example, if you want to buy Bitcoin in Indian Rupees (INR), select the INR market (BTC to INR). This will take you to the Bitcoin live chart page. At the bottom of the page, click the "Buy" button.
Next, enter details like the amount of Bitcoin you want to buy and the price at which you want to buy it. You can also select the account where you want the credit to go. After entering the information, click "Buy." A summary of your order will appear, allowing you to review the details before placing it.
After placing an order, it will appear in the "Open Orders" tab. Once the order is executed, it will move to the "Completed Orders" tab.
Reference: How to Buy Your First Bitcoin on Koinpark?
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