How to Buy Bitcoin for 100 Rupees?

Step by Step Guide for Buying Bitcoin with Rs. 100/- in India

Here we are going to show you how you can buy Bitcoin for 100 Rupees. The Crypto Exchange we have used for this guide is BitBns. So, if you want to buy Bitcoin or any cryptocurrencies for that matter, please follow the steps mentioned here.

Before we start with the guide, we want to remind you that, to take full advantage of the BitBns platform, you need to have KYC verified account.

Also, your Fiat Wallet should have sufficient funds.

1. Step 1 – Login To Your BitBns Account

   

   Visit the BitBns website.

   Click on the ‘Log In’ button present in the top right-hand corner.

   Once you are on the sign-in page, enter the Email ID and Password you have assigned to the BitBns Account and then click on the ‘SIGN IN’ button.

   There might be a picture puzzle verification placed for added security. Use the slider to complete the puzzle.

   If you have enabled 2-Factor Authentication then enter the 2FA Authentication Code generated on your Authenticator App.

   Once you have entered the correct 2FA Code, the system will automatically log you in.

   If the system is not automatically logging you in, then click on the ‘VERIFY’ button.

   Once you are logged in, you might be greeted with a Dos and Don’ts List. Read the list carefully and then click on the ‘I AGREE WITH THE ABOVE POINTS…’ button.

2. Step 2 – Go to The Wallet of Your BitBns Account

   

   Once you click on the ‘I AGREE…’ button, you will land on the homepage of the BitBns website.

   Now hover your mouse pointer on the ‘Wallet’ button present on the top menu bar.

   A drop-down menu will appear.

   Click on the very last option of the drop-down menu named ‘See All Wallets’.

3. Step 3 – Search for the Name of the Cryptocurrency You Want to Invest in

   

   Once you click on the ‘See All Wallet’ button, you will land on the page showing the details of your BitBns wallet.

   To search for your desired Crypto Coin or Token, click on the ‘Search Bar’ shown in the above image and start typing the name of the crypto.

   Also,

   Please check that your Fiat Wallet has sufficient funds.

4. Step 4 – Click on the ‘TRADE’ button

   

   Once you find the coin you want to invest in the list below, click on the ‘TRADE’ button.

5. Step 5 – Choose the Pair You Want to Trade

   

   Once you click on the ‘TRADE’ button, a Pair Confirmation Window will pop up, asking you to select the pair you want to trade or buy.

   Some Crypto Coin or Token will have pair with both Tether (USDT) and the Indian Rupee (INR). You need to choose which pair you want to use.

   To select the pair you want to use, click on the ‘TRADE NOW’ button below your desired pair.

   In this example, we will choose BTC/INR as we are going to buy Bitcoin using Indian Rupee (INR).

   So we will click on the ‘TRADE NOW’ button present below the BTC/INR Pair.

6. Step 6 – Check the Details of The Crypto You Want to Trade

   

   Once you click on the ‘TRADE NOW’ button, a page with all the details of the particular Crypto will open up.

   The page will contain details such as a Price Chart, Order Book and Trading History of that particular crypto, etc.

   This is the page from where you want to place your order.

7. Step 7 – Order Placement Window

   

   The Order Placement Section is present on the right-hand side of the page.

   There are 3 main sections you need to focus on.

   1. Volume – It is basically the number of coins or tokens you want to buy.

   2. Price – Cost of a single coin or token.

   3. Amount – How much money do you want to invest in that particular coin or token.

   Inside the Order Placement Section, you will also be able to see the balance inside your Fiat Wallet.

   And below that, how much BitBns is charging for facilitating the order. You can think of the fee as a brokerage charge.

8. Step 8 – Place Your Buy Order

   

   You need to fill up –

   1. Volume

   2. Price

   3. Amount

   in the Order Placement Section.

   As we are going to buy Rs. 100/- worth of Bitcoin, we will edit the Order Placement Section accordingly.

   Let’s start filling up the Order Placement Section.

   1. Volume – We will leave the volume section empty and we will let the system fill it up for us.

   2. Price – We want our buy order to execute when the cost of a single Bitcoin is Rs. 27,90,000.00/-. So we will write Rs. 27,90,000.00/-.

   This price will vary from time to time.

   3. Amount -As we want to buy 100 Rupees worth of Bitcoin, so we will enter 100.

   As you can see, once we entered the ‘Amount’ value, the system automatically filled up the ‘Volume’ section.

   That is the number of Bitcoin we can get with 100 Rupees at Rs. 27.90 Lakhs Per Bitcoin.

   Check that you have entered all parameters correctly.

   Once you have reviewed your order, click on the ‘BUY’ button.

9. Step 9 – Confirm Your Buy Order

   

   Once you click on the ‘BUY’ button, an Order Confirmation Window will pop up. Click on the ‘YES, CONFIRM BUY ORDER’ to confirm and place your order.

10. Step 10 – View Your Open Orders

    

    Now, your Buy Order is in the Open Order Section.

    Until a Matching Opposite Order (In this case, someone places an order to sell, 100 Rupees worth of Bitcoin at Rs. 27,90,000.00/- Per Bitcoin) is met in the market, your order will sit in the Open Order Section.

    Once the market has a Matching Opposite Order, your order will get executed.

    You can view your open orders in the ‘Your Open Orders’ section, placed just below the Order Placement Section.

    You can also hover your mouse pointer on the ‘More’ button (As shown in the above picture), a drop-down menu will appear.

    Select the very first option ‘Your Orders’, and you will be able to see all your open orders at the moment.

    And once your order is executed, the Crypto you just bought (In this case, Bitcoin) will reflect on your BitBns Crypto Wallet.

Conclusion

If you have followed each step of the process mentioned above, then you have just bought Rs. 100/- worth of Bitcoin.

And if the market had an Exact Opposite Order, then your order was executed, and the Bitcoin which you just bought is in your BitBns Crypto Wallet.

To verify whether your buy order was executed or not – Scroll down to the very end of the page, and you will see a section called ‘Recently Completed Orders’ (As shown in the above picture).

If your order was executed, it will be shown here.

You can also check the Wallet section of your BitBns account. All the Cryptos that you buy will be stored here.