Why Use Groww App to Buy Bitcoin?
Groww, known for simplifying stock and mutual fund investments, now lets you buy Bitcoin seamlessly. Here’s why it’s a top choice:
- User-Friendly Interface: Designed for beginners with clear navigation.
- Regulated Platform: Registered with SEBI and complies with FIU-IND crypto guidelines.
- Instant Purchases: Buy Bitcoin in under 2 minutes using UPI or bank transfers.
- Portfolio Tracking: Monitor crypto alongside traditional investments in one app.
Prerequisites to Buy Bitcoin on Groww
Before purchasing:
- Download Groww app (iOS/Android)
- Complete KYC verification with PAN and Aadhaar
- Link bank account or enable UPI
- Ensure sufficient funds
How to Buy Bitcoin in Groww App (4 Simple Steps)
Step 1: Open Crypto Section
Tap ‘Crypto’ from the app’s home screen. First-time users must accept risk disclosure.
Step 2: Select Bitcoin
Search BTC or scroll through listed cryptocurrencies. Check live price charts before proceeding.
Step 3: Enter Investment Amount
Type INR amount (min ₹100). The app shows equivalent BTC quantity based on current rates.
Step 4: Confirm Purchase
Review order details and complete payment via UPI or linked bank account. BTC appears in your portfolio within minutes.
3 Pro Tips for Bitcoin Investors on Groww
- Enable 2FA for account security
- Start with small test transactions
- Set price alerts for volatility management
FAQ: Buying Bitcoin on Groww
Q1. Is Bitcoin safe on Groww?
A: Groww uses cold storage for 95% of crypto assets with insurance coverage.
Q2. What are the fees?
A: 0.1% trading fee + GST. No deposit charges.
Q3. How to sell Bitcoin?
A: Navigate to Holdings → Crypto → BTC → Sell. Withdrawals hit bank in 1-3 days.
Q4. Daily purchase limit?
A: ₹1 lakh for basic KYC, up to ₹10 lakh with enhanced verification.
Q5. Tax implications?
A: 30% tax on profits + 1% TDS on transactions above ₹10,000.
Groww makes Bitcoin accessible while maintaining regulatory compliance. Always invest responsibly and never allocate more than 5% of portfolio to crypto.
