Since Supreme Court Of India has lifted banking ban on cryptocurrencies in India, all major Indian Cryptocurrency Exchanges is providing Instant INR deposit and withdrawal to their customers. And now you can also buy Bitcoin in India with Mobikwik.
Mobikwik was founded in 2019 by Bipin Preet Singh and Upasana Taku. Recently Mobikwik which is one of the India’s leading payment gateway and digital wallet provider has partnered with Indian Cryptocurrency Exchanges Bitbns, Colodax and BuyUcoin to provide instant INR deposits. That means, now you can buy Bitcoin and other cryptocurrencies on Bitbns, Colodax and BuyUcoin with Mobikwik payment gateway using Credit Card, Debit Cards, UPI, Rupay Cards, NetBanking and MobiKwik wallet.
Bitbns integrated Mobikwik payment gateway on their exchange on 27 March 2020. Using Mobikwik, the Minimum purchase on Bitbns is Rs. 1 and a standard fee of 1.77% is applied. All you have to do is goto Wallet > Deposit INR and Click on Mobikwik. Enter Amount and click Deposit Amount. Know more about Bitbns Here.
Colodax, founded in 2017 partnered with Mobikwik on 1st April 2020. Convenience fees (18% GST excluded ) charged by Colodax for making payments using Mobikwik on their exchange are Rupay Cards – 0%, UPI – 0%, Debit Cards – 0.90%, MobiKwik Wallet – 1.50%, Credit Cards & Netbanking – 1.50% to 1.60%.
On the other hand, BuyUcoin announced its partnership with Mobikwik on 24 March 2020. BuyUcoin was founded in 2016 by Shivam Thakral, Devesh Aggrawal and Atulya Bhatt. Recently the exchange has also obtained trade and wallet license in Estonia. In a interview with INC24, Shivam Rhakral, CEO of BuyUcoin said
We have partnered with Mobikwik which has around 70 Mn userbase. So, now users can buy cryptocurrencies using Mobikwik wallet too. According to the partnership, while Mobikwik will be integrated into our payment gateway, there will be an option/link at their wallet as well that will take users to our exchange .
Update: Zebpay also partners with Mobikwik to provide instant INR deposits .
Its is really good seeing Mobikwik partnering with Indian cryptocurrency exchanges to provide instant INR deposits. But things will get really interesting if we should see players like Paytm, Freecharge, Amazon Pay, PhonePe and others joining the league in the near future.
Note: Hodler TV do not endorse any of the cryptocurrency exchange mentioned in this article. Please do your own research before investing.