20 February 2024

Binance India Sign Up Bonus: Unlock Rewards for New Users

Discover how to claim your Binance India sign up bonus and enjoy exclusive rewards as a new user. Start your crypto journey today and maximize your benefits.

Are you looking for a way to buy and sell Bitcoin and other cryptocurrencies in India? Do you want to get a sign-up bonus when you join a crypto exchange platform? If yes, then you might be interested in Binance, one of the world’s leading crypto exchanges, and its partner platform WazirX, India’s most trusted Bitcoin exchange.

In this article, we will show you how to get Binance India sign up bonus and how to use Binance and WazirX to trade crypto with Indian rupees (INR). We will also compare the benefits and challenges of using both platforms, and answer some frequently asked questions.

What is Binance?

Binance is a global cryptocurrency exchange that offers a wide range of services for crypto enthusiasts. You can buy, sell, trade, and hold over 350 cryptocurrencies on Binance, including Bitcoin, Ethereum, BNB, USDT, BUSD, ETH, EOS, and many more. You can also access various features such as:

  • Binance Earn: A platform that allows you to earn interest on your crypto holdings by lending, staking, or participating in liquidity pools.
  • Binance NFT: A platform that allows you to buy, sell, create, and explore non-fungible tokens (NFTs), such as digital art, collectibles, gaming items, etc.
  • Binance Pay: A borderless payment technology that allows you to pay and get paid in crypto with zero fees.
  • Binance Smart Chain: A blockchain network that supports smart contracts, decentralized applications (DApps), and DeFi protocols.

Binance is also known for its low transaction fees, high security standards, user-friendly interface, and 24/7 customer support. You can access Binance through its website or mobile app.

What is Binance P2P?

Binance P2P is a peer-to-peer trading platform that allows you to buy and sell cryptocurrencies directly with other users. You can use your local currency or payment methods to trade crypto without intermediaries or fees. You can also enjoy fast transactions, competitive prices, and escrow protection.

Binance P2P supports INR as one of the fiat currencies that you can use to trade crypto. You can buy or sell Bitcoin, BNB, USDT, BUSD, ETH, and EOS with INR on Binance P2P.

How to buy Bitcoin with INR on Binance P2P?

To buy Bitcoin with INR on Binance P2P, follow these steps:

  1. Open the Binance app and select Buy with Cash then go to P2P.
  2. Choose the Buy tab and select the filter icon at the top-right part of your screen.
  3. Select INR as the currency you’re using to buy the crypto. Then tap Yes.
  4. Tap the BTC tab and choose the offer that works best for you. You can compare the prices, payment methods, ratings, and limits of different sellers.
  5. Enter the amount of BTC you want to buy and tap Buy BTC.
  6. Confirm the order details and tap Confirm.
  7. Complete the payment within the time limit using the seller’s payment information. You can chat with the seller if you have any questions.
  8. After you have made the payment, tap Transferred next time.
  9. Wait for the seller to confirm your payment and release the BTC to your wallet.

How to sell Bitcoin with INR on Binance P2P?

To sell Bitcoin with INR on Binance P2P, follow these steps:

  1. Open the Binance app and select Buy with Cash then go to P2P.
  2. Choose the Sell tab and select the filter icon at the top-right part of your screen.
  3. Select INR as the currency you’re using to sell the crypto. Then tap Yes.
  4. Tap the BTC tab and choose the offer that works best for you. You can compare the prices, payment methods, ratings, and limits of different buyers.
  5. Enter the amount of BTC you want to sell and tap Sell BTC.
  6. Confirm the order details and tap Confirm.
  7. Wait for the buyer to make the payment within the time limit. You can chat with the buyer if you have any questions.
  8. After you have received the payment, tap Release BTC.
  9. The BTC will be transferred from your wallet to the buyer’s wallet.

What is WazirX?

WazirX is India’s most trusted Bitcoin exchange that allows you to buy and sell cryptocurrencies with INR. You can also trade over 100 cryptocurrencies on its platform, such as WRX (its native token), BTC, ETH, USDT, TRX, XRP, LTC, DOGE, and more.

WazirX also offers various features such as:

  • WazirX P2P: A peer-to-peer trading platform that connects buyers and sellers directly without any intermediaries or fees.
  • WRX Mining: A program that rewards users for trading on WazirX with WRX tokens.
  • Smart Token Fund (STF): A program that allows users to invest in expert traders who manage their crypto portfolios for them.
  • WazirX NFT Marketplace: A platform that allows users to create, buy, sell, and discover NFTs from various categories such as art, music, gaming, memes, etc.

WazirX is also known for its high liquidity, fast transactions, low fees, user-friendly interface, and 24/7 customer support. You can access WazirX through its website or mobile app.

How to connect Binance and WazirX accounts?

In 2019, Binance acquired WazirX, India’s most trusted Bitcoin exchange to make crypto accessible to Indian users. You can connect your Binance and WazirX accounts with a few simple clicks and enjoy seamless trading between both platforms.

To connect your Binance and WazirX accounts, follow these steps:

  1. Log in to your Binance account on its website or mobile app.
  2. On the home page, select Wallet from the top right part of the page, then choose WazirX Wallet.
  3. Click Connect WazirX on the pop-up window that shows up.
  4. Click Login via Binance on the webpage that shows after the previous step.
  5. Your email address on Binance will be used to access WazirX. Click Continue.

If you already have a WazirX account, your accounts will be connected automatically.

If you don’t have a WazirX account, you can create one using your existing Binance account.

How to buy Bitcoin with INR on WazirX?

To buy Bitcoin with INR on WazirX, follow these steps:

  1. Log in to your WazirX account on its website or mobile app.
  2. On the home page, select INR

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  1. Select the BTC/INR pair and tap Buy.
  2. Enter the amount of BTC you want to buy and tap Place Buy Order.
  3. Wait for your order to be filled and the BTC to be credited to your wallet.

How to sell Bitcoin with INR on WazirX?

To sell Bitcoin with INR on WazirX, follow these steps:

  1. Log in to your WazirX account on its website or mobile app.
  2. On the home page, select INR
  3. Select the BTC/INR pair and tap Sell.
  4. Enter the amount of BTC you want to sell and tap Place Sell Order.
  5. Wait for your order to be filled and the INR to be credited to your wallet.

What are the benefits of using Binance and WazirX?

By using Binance and WazirX, you can enjoy the following benefits:

  • You can access a wide range of cryptocurrencies and trading pairs on both platforms, including INR-based pairs.
  • You can transfer funds between Binance and WazirX wallets instantly and without any fees.
  • You can take advantage of the low transaction fees, high liquidity, and fast execution on both platforms.
  • You can use various features and services on both platforms, such as Binance Earn, Binance NFT, Binance Pay, Binance Smart Chain, WazirX P2P, WRX Mining, STF, and WazirX NFT Marketplace.
  • You can get customer support from both platforms 24/7 via chat or email.

What are the challenges and risks of using Binance and WazirX?

While using Binance and WazirX has many advantages, it also comes with some challenges and risks, such as:

  • You need to verify your identity and complete KYC (Know Your Customer) procedures on both platforms to access all the features and services.
  • You need to comply with the local laws and regulations regarding crypto trading in India, which may change from time to time.
  • You need to secure your accounts and wallets with strong passwords, two-factor authentication, anti-phishing codes, etc., to prevent unauthorized access or hacking.
  • You need to be aware of the market volatility and price fluctuations of cryptocurrencies, which may result in losses or gains depending on your trading strategy.

Conclusion

Binance and WazirX are two of the best platforms for buying and selling Bitcoin and other cryptocurrencies in India. You can get a sign-up bonus when you join Binance using this referral code link. You can also connect your Binance and WazirX accounts with a few simple clicks and enjoy seamless trading between both platforms.

If you are interested in crypto trading, don’t miss this opportunity to join Binance and WazirX today and start your crypto journey.

FAQs

Q: How do I get Binance India sign up bonus?

A: You can get Binance India sign up bonus by using this referral code link when you join Binance. You will receive a 10% commission kickback rate for every trade you make on Binance.

Q: How do I deposit or withdraw INR on Binance or WazirX?

A: You can deposit or withdraw INR on Binance or WazirX using various payment methods such as bank transfer, UPI, IMPS, NEFT, RTGS, etc. You can also use Binance P2P or WazirX P2P to trade crypto with INR directly with other users.

Q: How do I transfer crypto between Binance and WazirX wallets?

A: You can transfer crypto between Binance and WazirX wallets instantly and without any fees by following these steps:

  1. Log in to your Binance account on its website or mobile app.
  2. On the home page, select Wallet from the top right part of the page, then choose WazirX Wallet.
  3. Select the crypto you want to transfer and enter the amount.
  4. Tap Transfer and confirm.

Q: What are the fees for trading on Binance or WazirX?

A: The fees for trading on Binance or WazirX depend on various factors such as your trading volume, your membership level, your payment method, etc. You can check the fee schedule for each platform here:

  • Binance fee schedule
  • WazirX fee schedule

Q: Is it legal to trade crypto in India?

A: The legal status of crypto trading in India is unclear at the moment. There is no specific law that bans or regulates crypto trading in India. However, there have been some proposals and discussions by the government and regulators regarding crypto regulation in India. Therefore, it is advisable to keep yourself updated with the latest news and developments regarding crypto in India.

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I hope you found this article helpful. If you have any questions or feedback, please let me know.

Mian786

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