Bitget Partners with Alchemy Pay to Enable INR Cryptocurrency Purchase

Bitget Partners with Alchemy Pay to Enable INR Cryptocurrency Purchase

Vikram Singh Chauhan
2 min read

Bitget Partners with Alchemy Pay to Enable INR Crypto Purchases

Bitget, a prominent cryptocurrency platform, has collaborated with Alchemy Pay to facilitate the buying of cryptocurrencies with the Indian rupee (INR). This strategic alliance introduces Alchemy Pay’s On-Ramp services to Bitget’s platform, allowing users to purchase Bitcoin, Ethereum, and Tron using local payment solutions such as UPI and IMPS. By enhancing accessibility to cryptocurrency transactions in India, this partnership showcases a dedication to fostering inclusivity in the crypto space and emphasizes the integration of traditional financial systems with emerging crypto markets as the digital economy expands.

Key Takeaways

  • Bitget partners with Alchemy Pay to enable purchasing of cryptocurrencies using Indian rupee (INR), making crypto transactions more accessible in India.
  • Alchemy Pay’s On-Ramp services integrated on Bitget’s trading platform enable users to buy cryptocurrencies like Bitcoin, Ethereum, and Tron using local payment solutions like UPI and IMPS.
  • This initiative aims to address the increasing need for accessible cryptocurrency transactions, especially in India's rapidly growing digital economy.
  • The collaboration demonstrates a commitment to inclusivity in cryptocurrency, particularly in regions undergoing rapid digital transformation.
  • Bitget and Alchemy Pay seek to empower users with robust tools for financial management and cryptocurrency investments.


This partnership between Bitget and Alchemy Pay, allowing INR crypto purchases, not only enhances crypto accessibility in India but also promotes financial inclusivity. It signifies the importance of merging traditional and crypto financial systems, impacting Indian investors, traders, and financial organizations. In the short term, an uptick in crypto adoption in India is anticipated, while potential regulatory challenges could arise in the long term. Furthermore, this collaboration may prompt other traditional financial institutions to follow suit, fostering deeper integration. The digital economy in India is poised for growth, fueled by such strategic collaborations.

Did You Know?

  • Bitget: A top-tier cryptocurrency platform offering various services, including spot trading, futures trading, and copy trading, with a substantial user base exceeding 25 million. Bitget is dedicated to providing secure, professional, and transparent services to its users.
  • Alchemy Pay's On-Ramp services: These services enable users to purchase cryptocurrencies using traditional payment methods like credit cards, debit cards, or local payment systems. Integration of Alchemy Pay's On-Ramp services on Bitget’s platform aims to simplify the process of buying cryptocurrencies, making it more accessible, particularly in regions undergoing rapid digital transformation.
  • UPI and IMPS: Widely-used local payment solutions in India. UPI (Unified Payments Interface) unifies multiple bank accounts into a single mobile application, enabling seamless money transfers. On the other hand, IMPS (Immediate Payment Service) facilitates instant fund transfers using mobile numbers or account numbers. Integration of these local payment methods with Alchemy Pay's On-Ramp services streamlines the purchase of cryptocurrencies like Bitcoin, Ethereum, and Tron, enhancing accessibility for Indian users.

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