In this article, I will discuss how to buy crypto with Axis Bank in India. If you wish to invest in cryptocurrencies like Bitcoin and Ethereum safely, Axis Bank makes deposits quick and secure.
I will take you through the steps, payment methods, and tips to provide a reliable crypto-buying experience in India.
What is Axis Bank?
Private banks in India include Axis Bank which has been in operation since 1993 and has its base of operations in Mumbai.
They provide numerous services which include savings and checking accounts, loans, credit cards, investment services, and digital banking.
Clients provide Axis Bank with numerous positive responses due to their efficient services and extensive banking and ATM services available all over India.
The wide digital payments accepted by Axis Bank include UPI and Mobile Banking. The bank provides its customers with safe and secure online transactions with cryptocurrency which is done through exchange partners.
Axis Bank is popular in India due to their embrace of modern technology while ensuring all security and compliance regulations are met.
How to Buy Crypto with Axis Bank in India
Here’s a detailed guide on how to buy cryptocurrency with Axis Bank in India using a popular cryptocurrency exchange platform.
Step 1: Choose a Crypto Exchange
Pick from any of the trusted exchanges that accept deposits via Axis Bank in India, such as or CoinDCX.
Step 2: Sign Up & Complete KYC
Open an account on the exchange and the KYC verification process by uploading your PAN Card, Aadhaar card, and a video selfie.
Step 3: Link Axis Bank Account
In the deposits section of the platform, initiate the process to link your Axis Bank Account to ease your INR transactions.
Step 4: Transfer INR
Deposit the amount intended for cryptocurrency investment using Axis Bank Net Banking or UPI.
Step 5: Choose Crypto
Buy any cryptocurrency of your choice, such as Bitcoin (BTC) or Ethereum (ETH).
Step 6: Make an Order
Specify the amount in INR, cross-check the transaction, and confirm the purchase.
Step 7: Ensure The Crypto Is Safe
Move your crypto to an external wallet for more protection, or keep it on the exchange’s wallet with 2FA enabled, ensuring it’s safely stored.
Best Place to Buy Crypto with Axis Bank in India
CoinSwitch
CoinSwitch is a well-known cryptocurrency exchange for Indians, which enables users to purchase cryptocurrency through Axis Bank quickly. Its main advantage is that it allows users to deposit money in CoinSwitch through Axis Bank which allows UPI and net banking. Transactions are both fast and secure.
CoinSwitch gathers liquidity from numerous exchanges, offering users the best price for purchases. It features an easy-to-use interface, strong KYC compliance, and aggregates liquidity from many exchanges. This makes it an easy platform for both novices and advanced traders wanting to buy crypto through Axis Bank.
Mudrex
Mudrex is a contemporary and creative crypto platform in India. Its Axis Bank integration permits seamless deposits and crypto transactions. Its investment strategy automates asset purchases and provides access to portfolios while relieving users from mundane market monitoring.
Transactions through Axis Bank with UPI and net banking are split second and nearly devoid of any complexities of slowness. Its approachable interface, robust defenses, and regulatory adherence further affirm its credibility in the segment of crypto purchases in India.
ZebPay
ZebPay is one of the first and well known crypto exchanges in India and lets users buy and sell crypto with Axis Bank. The biggest benefit is that it allows direct payments in INR and deposits via Axis Bank on IMPS, NEFT and RTGS which are instant and secure.
ZebPay has also a straightforward platform that is easy and user oriented, and even has advanced features for more experienced users. ZebPay’s advanced features also include strong regulatory crypto compliance, strong safety, customer service, and the ability to buy crypto with Axis Bank for users in India.
Why Buy Crypto with Axis Bank?
Bank with Trust: Transactions with Axis Bank being a leading private bank in India will always be secure and reliable.
Various Payment Methods: Visa and MasterCard debit and credit cards, UPI, and net banking allow the instant purchase of INR.
Fast Transactions: Your deposits and payments can be completed instantly, leading to timely purchases of cryptos.
Risk Free: Axis Bank observes the RBI and all Indian laws, ensuring utmost safety.
Safe and Easy: Axis bank has direct partnerships with all major crypto exchanges, allowing instant crypto purchases and sales.
Reachable: Axis’s crypto customer support team can assist you with banking queries during your transactions.
Safety Tips When Buying Crypto
Buy Only From Reputable Exchanges
Only purchase crypto from well-known and responsible compliant companies.
Set Up 2FA
2 factor authentication is very useful for securing your account on exchanges.
Strong Wallet Storage
Cryptocurrencies should be stored in secure wallets or on hardware wallets rather than on exchanges.
Payment Method Verification
Confirm that your Axis Bank and other linked accounts are genuine and approved.
Respect for Advanced Fee Fraud
Phishing links and fake investment offers should be ignored, and that goes for other stitches too.
Keep safes or wallets Locks.
Never retrieve, hand over, or share your private keys or passwords with other people.
Risk & Considerations
Price Volatility: The price of cryptocurrency changes rapidly and is prone to fluctuation.
Regulatory Uncertainty: India is still developing regulations about cryptocurrency, which may impact trading or ownership of crypto.
Exchange Security Risks: Funds can be lost due to hacks or other security breaches on crypto exchanges.
Transaction Delays: Bank and network slowdowns can delay the timely completion of transactions.
Limited Consumer Protection: Errors and fraud are commonplace, and transactions are unable to be revoked which adds to the severity of the scamming.
Investment Risk: Market risk is elevated, so only invest what you are willing to lose.
Pros & Cons
| Pros | Cons |
|---|---|
| Trusted and secure banking partner in India | Axis Bank does not sell crypto directly |
| Supports multiple payment methods: net banking, UPI, debit/credit cards | Dependent on third-party crypto exchanges |
| Fast INR deposits for timely crypto purchases | Potential transaction delays during banking hours |
| Compliant with Indian financial regulations | Crypto market is highly volatile |
| Easy integration with major crypto exchanges | Limited consumer protection for irreversible transactions |
| Reliable customer support for banking-related issues | Possible fees charged by exchanges for deposits or trades |
Conclusion
Purchasing crypto with Axis Bank in India is straightforward and safe way to step into the world of cryptocurrencies.
Users on trusted platforms like CoinSwitch, Mudrex, or ZebPay, may instantly deposit INR via net banking, UPI, and other available options. Adhering to the necessary KYC verification, security verification like 2FA, and being conscious of market risks provides seamless and safe handling of other assets.
Axis Bank’s reliance services ease and accelerates the process of crypto purchase enabling to users to easily manage their digital assets with confidence, be it a novice or seasoned investor.
FAQ
You can use net banking, UPI, debit cards, and credit cards linked to your Axis Bank account.
Popular options include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others, depending on the exchange you choose.
No, Axis Bank does not sell cryptocurrencies directly. You need to use a crypto exchange that supports INR deposits via Axis Bank.
Deposits via UPI or IMPS are usually instant, while NEFT/RTGS may take a few hours depending on banking hours.