- Why Use Dhan App to Buy Bitcoin?
- Prerequisites for Buying Bitcoin via Dhan App
- How to Buy Bitcoin in Dhan App (Step-by-Step)
- Step 1: Log In and Navigate to the Markets Section
- Step 2: Choose a Bitcoin-Linked Instrument
- Step 3: Place Your Order
- Step 4: Monitor Your Investment
- Advantages of Using Dhan for Bitcoin Investments
- FAQ: Buying Bitcoin in Dhan App
- Is buying Bitcoin legal through Dhan?
- What are the fees?
- Can I withdraw Bitcoin to a private wallet?
- How long do transactions take?
- Is there a minimum investment amount?
- Alternatives if Dhan Doesn’t Meet Your Needs
- Conclusion
Why Use Dhan App to Buy Bitcoin?
Dhan is a popular Indian investment platform known for its user-friendly interface and low fees. While Dhan doesn’t directly support cryptocurrency trading, it allows users to invest in Bitcoin through Exchange-Traded Funds (ETFs) and other crypto-linked financial instruments. This makes it a regulated and secure option for beginners looking to gain exposure to Bitcoin without managing private wallets.
Prerequisites for Buying Bitcoin via Dhan App
Before you start:
* Download the Dhan app (iOS/Android) and complete registration.
* Link your bank account for seamless transactions.
* Complete KYC verification with PAN card and Aadhaar.
* Ensure sufficient funds in your Dhan wallet or bank account.
How to Buy Bitcoin in Dhan App (Step-by-Step)
Step 1: Log In and Navigate to the Markets Section
Open the Dhan app, go to the ‘Markets’ tab, and search for ‘Bitcoin ETFs’ or ‘Crypto Funds’ in the search bar.
Step 2: Choose a Bitcoin-Linked Instrument
Select from options like:
* International Bitcoin ETFs (e.g., ProShares Bitcoin Strategy ETF)
* Domestic mutual funds with crypto exposure
* Crypto index funds
Step 3: Place Your Order
1. Enter the amount or number of units.
2. Choose order type (market, limit, or SIP).
3. Confirm details and execute the trade.
Step 4: Monitor Your Investment
Track performance in the ‘Holdings’ section and set price alerts for Bitcoin volatility.
Advantages of Using Dhan for Bitcoin Investments
* Regulatory compliance under SEBI guidelines
* No direct crypto wallet management required
* Integrated portfolio tracking
* Lower risk compared to unregulated exchanges
FAQ: Buying Bitcoin in Dhan App
Is buying Bitcoin legal through Dhan?
Yes. Dhan offers SEBI-approved instruments, making it compliant with Indian regulations.
What are the fees?
Dhan charges 0.1-0.5% per transaction + GST. No hidden crypto withdrawal fees.
Can I withdraw Bitcoin to a private wallet?
No. Investments are limited to fund units; direct Bitcoin transfers aren’t supported.
How long do transactions take?
Trades execute instantly during market hours. Bank transfers take 1-3 hours.
Is there a minimum investment amount?
Most Bitcoin ETFs on Dhan start at ₹100–500.
Alternatives if Dhan Doesn’t Meet Your Needs
For direct Bitcoin purchases, consider platforms like WazirX or CoinDCX. Always prioritize RBI-compliant exchanges with robust security features.
Conclusion
While Dhan doesn’t offer direct Bitcoin purchases, its ETF-based approach provides a secure entry point for Indian investors. Follow this guide to start your crypto journey responsibly, and always research market risks before investing.
