Last Update February 3rd, 2022. The United Payments Interface (UPI) is an instant payment transfer system built on the IMPS infrastructure for transferring money between any two bank accounts.
UPI is also a popular method of payment for buying and selling bitcoin instantly and securely.
If you are buying or trading bitcoin in high volumes with UPI Transfer our recommendation is to use Paxful for your trading needs.
Where To Buy Bitcoin With UPI Transfer
| Company | Fees | Countries Supported | |
|---|---|---|---|
 | Free | All countries | |
 | Free, 0.1% to 5% for sellers | Every country except for a few (see banned countries) | |
 | Free, 1% to advertisers | All countries |
3 Ways To Buy Bitcoin With UPI Transfer
Binance
| Rating: | |
| Website: | binance.com |
| CEO: | Changpeng Zhao |
| Headquarters: | Malta, European Union |
| Founders: | Changpeng Zhao, Yi He |
| Founded: | 2017 |
| Customer service: | Knowledge Base |
Binance is a first-rate exchange for experienced traders who are looking for a respectable cryptocurrency marketplace to perform real-time trades.
With over 166+ cryptocurrencies available, both beginners and advanced traders have a myriad of tools and pairs available to them within one powerful trading platform.
Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.
Pros
- Trustworthy management
- High volume exchange
- Low fees
- A large number of cryptocurrency pairs
- Global support
Cons
- Few payment options
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Paxful
| Rating | |
| Website: | paxful.com |
| CEO: | Ray Youssef |
| Headquarters: | New York, New York |
| Founders: | Ray Youssef, Artur Schaback |
| Founded: | 2015 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
Paxful is a person-to-person marketplace that supports over 300 payment methods.
Paxful gives vendors the ability to create offers in all currencies.
Pros
- Escrow system
- Security
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers
Cons
- Buyers and sellers are at risk of being scammed
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
LocalBitcoins
| Rating: | |
| Website: | localbitcoins.com |
| CEO: | Sebastian Sonntag |
| Headquarters: | Helsinki, Finland |
| Founders: | Jeremias Kangas |
| Founded: | 2012 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.
LocalBitcoins gives vendors the ability to create offers in all currencies.
Pros
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
- Private
Cons
- Lack of cryptocurrency diversity
- Both sellers and buyers have a chance of being scammed.
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
What Is A UPI Transfer?
Introduced in 2016, Unified Payments Interface (UPI) is an instant real-time interbank payment transfer system made specifically for the citizens of India for sending and receiving money.