Introduction to Buying Bitcoin on Dhan
Dhan is a popular Indian trading platform offering seamless access to stocks, commodities, and cryptocurrencies like Bitcoin. With its user-friendly interface and robust security features, Dhan simplifies crypto investing for beginners and experts alike. This guide walks you through buying Bitcoin on Dhan app efficiently while highlighting key benefits and safety protocols.
Step-by-Step Guide to Buying Bitcoin in Dhan App
- Download and Install Dhan App: Get the app from Google Play Store or Apple App Store. Register using your mobile number and email ID.
- Complete KYC Verification: Submit PAN card, Aadhaar, and bank details under ‘Profile’ > ‘KYC’. Approval typically takes 24-48 hours.
- Add Funds to Your Wallet: Navigate to ‘Funds’ > ‘Add Money’. Choose UPI, net banking, or IMPS. Minimum deposit: ₹100.
- Access the Crypto Section: Tap ‘Discover’ > ‘Crypto’ from the bottom menu. Select ‘Bitcoin’ from the list.
- Place Your Bitcoin Order: Enter the amount (min ₹100) or quantity. Choose ‘Buy’ and confirm via OTP. Bitcoin is credited instantly to your Dhan wallet.
- Secure Your Investment: Enable 2FA and biometric login under ‘Security Settings’. For long-term holding, transfer Bitcoin to a private wallet.
Key Benefits of Using Dhan for Bitcoin Purchases
- Low Fees: 0.25% flat trading fee + GST, among India’s most competitive rates.
- Real-Time Tracking: Live Bitcoin price charts with technical indicators for informed decisions.
- Integrated Wallet: Built-in custodial wallet with instant settlement.
- Educational Resources: Free tutorials and market insights for new investors.
- 24/7 Support: In-app chat and email assistance for urgent queries.
Security Measures for Bitcoin Transactions on Dhan
Dhan employs bank-grade encryption, two-factor authentication (2FA), and cold storage for 95% of digital assets. Regular third-party audits ensure compliance with SEBI and FIU-IND regulations. Users receive instant SMS/email alerts for all transactions.
Fees and Charges Explained
Buying Bitcoin on Dhan incurs:
- Trading Fee: 0.25% of transaction value + 18% GST
- Deposit Fee: Zero for UPI/IMPS (net banking may have bank charges)
- Withdrawal Fee: Fixed ₹25 for crypto transfers to external wallets
Frequently Asked Questions (FAQ)
Q1: Is Dhan app regulated for Bitcoin trading?
A: Yes. Dhan operates under SEBI and FIU-IND guidelines with full KYC compliance.
Q2: Can I withdraw Bitcoin to an external wallet?
A: Absolutely. Go to ‘Crypto Wallet’ > ‘Withdraw’, enter your external wallet address, and confirm.
Q3: What’s the minimum Bitcoin purchase amount?
A: You can buy Bitcoin worth as low as ₹100 on Dhan.
Q4: How long do deposits take?
A: UPI/IMPS transfers reflect within minutes; bank transfers may take 1-3 hours.
Q5: Are there hidden charges?
A: No hidden fees. All costs are transparently displayed before order confirmation.
Conclusion
Buying Bitcoin via Dhan app combines convenience, affordability, and ironclad security. Follow this guide to start your crypto journey confidently. Always research market trends and invest responsibly.
