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How to Buy Crypto with IndusInd Bank in India

Last updated on December 6, 2023

Quick Summary: While IndusInd Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of India cryptocurrency exchanges to pick from, but we suggest using the Binance.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

IndusInd Bank Homepage

As mentioned in my quick summary, like most India banks, IndusInd Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

Thankfully there are many cryptocurrency exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using Binance as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Indusind Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto trading platform

As mentioned above, I’ll be using Binance for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With Binance

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For Binance there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with IndusInd Bank.

Buy Crypto With Binance

About IndusInd Bank

IndusInd Bank Limited is an Indian financial service company headquartered located in Mumbai (Maharashtra). The bank provides electronic, transactional, and commercial banking services and products. IndusInd Bank was inaugurated in April 1994 by the then Manmohan Singh, the Union Finance Minister. IndusInd Bank is the first among the new generation of private banks in India.

The bank began its business with just Rs100 million (1 billion) in capital. Of that, 60 crores were raised by Indian residents, and 40 crores were raised by non-resident Indians (NRI). The bank is focused on retail banking and is currently looking to expand its branch network across the nation. As per the company, the name of the institution originates in it being part of the Indus valley civilisation.

IndusInd Bank, which commenced operations in 1994, serves the requirements of both consumers and corporate customers. Its technological platform is able to deliver multi-channel services. In September 30th 2021 IndusInd Bank has 2,015 ATMs and Branches/Banking Outlets, and has 2,886 located across 760 locations across the country.

The Bank has also representatives located in London, Dubai and Abu Dhabi. The Bank is committed to advancing its business with technological innovation. It is a clearing bank for two of the major stock exchanges such as BSE and NSE and the major commodity exchanges across the country, such as MCX, NCDEX and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1st 2013.