Introduction to Buying Bitcoin on Dhan App
Dhan is a rapidly growing investment platform in India that allows users to trade stocks, commodities, and cryptocurrencies—including Bitcoin—all in one place. With its intuitive interface and robust security features, the Dhan app simplifies crypto investing for beginners while offering advanced tools for seasoned traders. This comprehensive guide will walk you through exactly how to buy Bitcoin in Dhan app, covering setup, transactions, safety practices, and answers to common questions. Whether you’re a first-time buyer or diversifying your portfolio, you’ll learn to navigate the process confidently.
Step-by-Step Guide: How to Buy Bitcoin in Dhan App
- Download and Install the App: Get Dhan from Google Play Store or Apple App Store. Open it and sign up using your mobile number or email.
- Complete KYC Verification: Submit PAN card details, Aadhaar verification, and a live selfie. Approval typically takes 24-48 hours.
- Fund Your Account: Go to ‘Funds’ > ‘Add Money’. Choose UPI, bank transfer, or other methods. Minimum deposit: ₹100.
- Navigate to Crypto Section: Tap ‘Discover’ > ‘Crypto’ from the bottom menu. Select ‘Bitcoin’ from the list.
- Place Your Order: Enter the amount (min ₹100) or Bitcoin quantity. Review fees and confirm via ‘Buy BTC’.
- Monitor Your Investment: Track Bitcoin in your portfolio. Set price alerts for market movements.
Pro Tip: Use limit orders to buy Bitcoin at specific target prices for better control.
Key Benefits of Buying Bitcoin Through Dhan App
- Zero Commission: Dhan charges 0% brokerage on crypto trades—you only pay minimal GST and transaction fees.
- Integrated Security: Features like biometric login, 2FA, and encrypted wallets protect your Bitcoin holdings.
- Real-Time Data: Live price charts, market depth, and volatility indicators for informed decisions.
- Seamless Transfers: Move funds between stocks, crypto, and bank accounts instantly.
- Educational Resources: Access tutorials and market insights directly in the app.
Essential Safety Tips for Bitcoin Trading on Dhan
- Enable two-factor authentication (2FA) in account settings.
- Never share OTPs, passwords, or seed phrases—Dhan never asks for these.
- Start small; invest only what you can afford to lose given Bitcoin’s volatility.
- Verify withdrawal addresses twice before transferring Bitcoin externally.
- Update the app regularly to patch security vulnerabilities.
Frequently Asked Questions (FAQ)
Q: Is Dhan app regulated for Bitcoin trading?
A: Yes, Dhan operates under SEBI-registered brokers and complies with India’s crypto taxation laws.
Q: What are the fees for buying Bitcoin on Dhan?
A: Dhan charges 0% brokerage. You’ll pay a 0.25%–0.50% transaction fee + 18% GST on fees. Example: For ₹10,000 purchase, fees ≈ ₹44.
Q: Can I withdraw Bitcoin to an external wallet?
A: Currently, Dhan only supports in-app holding. Withdrawals to private wallets aren’t available yet.
Q: How long do Bitcoin purchases take?
A: Transactions complete instantly once payment is confirmed. KYC may take 1-2 days initially.
Q: What’s the minimum Bitcoin investment on Dhan?
A: You can buy Bitcoin for as little as ₹100, making it accessible for all investors.
Q: Does Dhan support other cryptocurrencies?
A: Yes! Alongside Bitcoin, trade Ethereum, Dogecoin, Cardano, and 10+ other coins.
Final Thoughts
Buying Bitcoin in Dhan app combines convenience, low costs, and regulatory safety—ideal for Indian investors. By following this guide, you’ve learned how to set up your account, execute trades, and protect your assets. As crypto adoption grows, platforms like Dhan democratize access to digital currencies while prioritizing user security. Remember to stay updated on market trends and tax implications (TDS applies on sales above ₹10,000). Start small, leverage Dhan’s tools, and gradually build your Bitcoin portfolio with confidence.
