How to Buy USDT on Binance in India: A Detailed Guide
Buying USDT on Binance in India can be a straightforward process if you follow the right steps. USDT, or Tether, is a popular cryptocurrency that is often used as a stablecoin due to its one-to-one ratio with the US dollar. Binance, being one of the largest cryptocurrency exchanges, offers a variety of trading pairs, including USDT. Here’s a detailed guide on how to buy USDT on Binance in India.
Creating a Binance Account
Before you can buy USDT on Binance, you need to create an account. Here’s how to do it:
- Go to the Binance website and click on “Register.” Enter your email address and create a password.
- Check your email for a verification link and click on it to verify your email address.
- Return to the Binance website and complete the account verification process. This may include providing your full name, date of birth, and a photo of your government-issued ID.
- Once your account is verified, you can log in and start trading.
Verifying Your Binance Account
While Binance allows you to trade without verification, for higher limits and to access certain features, you need to verify your account. Here’s how to do it:
- Log in to your Binance account and go to the “User Center” section.
- Click on “Level 2 Verification” and follow the instructions to provide additional information, such as your address and phone number.
- Upload the required documents and wait for the verification process to be completed. This may take a few hours or up to a few days.
Depositing INR into Your Binance Account
Since Binance does not support direct INR deposits, you’ll need to use a third-party service to convert your INR to a cryptocurrency that Binance accepts. Here are some popular options:
Service | Website | Deposit Methods |
---|---|---|
WazirX | wazirx.com | Bank Transfer, UPI, IMPS, Paytm, Google Pay, PhonePe |
Unocoin | unocoin.com | Bank Transfer, IMPS, UPI, Net Banking |
CoinDCX | coindcx.com | Bank Transfer, IMPS, UPI, Net Banking |
Once you have deposited INR into your account on one of these platforms, you can then convert it to a cryptocurrency like BTC or ETH.
Converting INR to BTC or ETH
After depositing INR into your account on a third-party platform, you can convert it to BTC or ETH. Here’s how to do it:
- Log in to your account on the third-party platform.
- Go to the “Exchange” or “Trade” section.
- Select the INR to BTC or INR to ETH trading pair.
- Enter the amount of INR you want to convert and click “Buy” or “Sell” to complete the transaction.
Transferring BTC or ETH to Binance
Once you have BTC or ETH in your account on the third-party platform, you can transfer it to Binance. Here’s how to do it:
- Log in to your Binance account.
- Go to the “Funds” section and click on “Deposit.”
- Select BTC or ETH from the list of available cryptocurrencies.
- Copy the deposit address provided by Binance and paste it into the third-party platform.
- Enter the amount of BTC or