10 Easy Steps To Buy Bitcoin With UPI In India

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Buy Bitcoin With UPI in India
Buy Bitcoin With UPI in India

The Unified Payment Interface (UPI) system allows instant mobile payments and transfers across banks in India. UPI was launched by the National Corporation of India in a bid to help citizens buy goods faster and to open up the financial system. Such simple payment options enhance the buying and selling of Bitcoin (BTC) across the Indian populous with third party exchanges like peer to peer exchanges (P2P) facilitating the process. 

UPI allows you to directly buy and sell BTC, and while not directly on the app, the process is just as quick. Several websites offer users a platform to buy Bitcoin with UPI in India but in this article, we focus on the cheapest and most convenient way you can buy Bitcoin using UPI mobile apps like Google Pay, Phonepe, PayTM, BHIM, etc.

A list of other exchanges is also provided for diversification purposes. 

How to buy Bitcoin with UPI in India

There is a host of options and exchanges to buy Bitcoin with UPI Transfer in India. Peer to peer exchanges offers the best rates and ease of buying if you are a new Bitcoin user. However, several exchanges are faced with challenges in onboarding new users. We selected OKEX exchange as the best exchange for you to use while buying Bitcoin using UPI mobile payments. 

Other top global P2P exchanges include LocalBitcoins, Paxful, and Remitano. 

OKEX P2P Exchange – Cheap and Convenient

OKEx is a world-class exchange that offers you a safe and convenient peer to peer (P2P) gateway to buy Bitcoin using Indian Rupees while in India. You have three main options to buy using INR on the OKEX P2P exchange – UPI payments, IMPS, and bank transfers. 

For traders, this account will provide access to one of the deepest liquidity crypto markets. For long term holders, after purchasing you can use their OKPiggybank function to earn interest on your holdings, just like a bank account.

Steps to Buy Bitcoin with UPI on OKEX

Step 1: Open a new tab and go to the OKEX P2P exchange main homepage

Make sure the website is authentic to prevent phishing attempts. Log in to your OKEX account. If you don’t have an account, sign up for one and at least pass KYC 1 (it takes 1-2 minutes). 

Step 2: Navigate to the P2P trading page.

Click on the “Buy/Sell” and then “P2P Trade” from the sub-menu and select the “Buy” option. 

Click the “P2P Trade” options sub-menu

Step 3: Select “Indian Rupees (INR)” as your currency of choice and add BTC as your “Buy” option from the drop-down menu.

On the “Amount” tab select INR as your payment choice from the drop-down menu. OKEX P2P currently offers three payment currencies – the Chinese Yuan (CNY) and Vietnamese Dollar (VND) as well.

Buy Bitcoin with UPI
Select INR as your preferred option

Step 4: On the “Payments Types” tab, add UPI as your preferred option. 

Now click the “Management” option on the top right-hand corner of the homepage and select “Settings”. On the resulting page, check that the payment option is set on INR through UPI mobile payments and click on “Add Payment”. 

Buy Bitcoin with UPI
Follow the steps to add your payment option

Step 5: On the “Payments Types” tab, add UPI as your preferred option. 

Now click the “Management” option on the top right-hand corner of the homepage and select “Settings”. On the resulting page, check that the payment option is set on INR through UPI mobile payments and click on “Add Payment”. 

OKEx P2p
Select a BTC seller.

NB: The list of Bitcoin sellers will pop up once you set the ‘Payment typers’ and select UPI as your payment option. However, be cautious with who you enter a trade with. 

How to safely initiate a trade

Here is how to safely and securely buy BTC using UPI mobile payments in India. 

Step 6: Select a trusted seller you wish to buy BTC from and click “Buy Bitcoin”.

In our case, we will select “Punkaj” as our trusted seller and initiate the trade. 

Step 7: Input the transaction details 

You can input the amount of Bitcoin you wish to receive or the amount of INR you wish to exchange. A direct conversion will be done directly. Select “UPI” as your preferred payment option instead of “Bank Transfer”. 


Select “Buy BTC” to go to the next page.

Step 8: Confirm your payment trade details.

This is the most important step. On the resulting page check if everything including “Price”, “Quantity of BTC”, “Total Amount Paid”, “Payment” and “Payment Options” are correct.

buy bitcoin with UPI
Complete the trade by transferring amount to UPI ID

A messaging box is provided to contact the user on extra payment requirements or check on the “UPI” mobile payment details etc. 

Once payment completed, click the “I have paid, next step”. Confirm the ‘Payment amount’ and ‘Payees name’ and click Paid

Follow up on your transactions in the next steps.

Step 9: Check your order of transaction.

Once you complete the payment, you will receive a message prompt with your transaction number. Click on “Orders” tab to keep the review on the status of your order. 

Once completed, the order will be transferred from the “Pending” page to the “Completed” page. 

Step 10: Check your Assets tab

Go to the “My Assets” page to check the amount of BTC sent by the seller in your P2P wallet. 

You have completed buying BTC in India using Rupees through the UPI mobile transfer system. 

Buying BTC using UPI Transfers in India (Other P2P exchanges)

As mentioned before, OKEX offers the cheapest and most convenient P2P exchange to buy BTC in India, however, other P2P exchanges like LocalBitcoins, Paxful, WazirX, etc offer a similar service to Indians. 


That’s it! How to easily buy Bitcoin in India using one of the most prominent payment systems in the country – UPI Transfer. Note that OKEX does not charge any transaction fees on deposits and trades of BTC within the P2P trading platform. 

Be careful while selecting a trading partner and keying in payment details as a small mistake could make the convenient process a bit messy. 

Cryptocurrency investor and trader. As an independent journalist, he covers DeFi, crypto, blockchain, and crowdfunding.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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