Cryptocurrency is simply a masterpiece, eh? No one wants to miss this tech train! So, why not learn “how to invest in cryptocurrency in India?
Cryptocurrencies have really become a sensation! Whenever we plan our investment portfolio, cryptocurrency is the term that often crosses our mind, isn’t it? But we let the thought pass, most of the public is doing the same. Either because they feel this currency are illegal or have no idea How to Invest in Cryptocurrency?
Firstly, cryptocurrencies are not exactly illegal, not in India at least. So, one from india can actually invest in and hold cryptos as assets, though you can’t use them to buy your vegetables, at least for now. Anyway, you can still increase your property with it, right?
Now, I think you know that you can actually invest in cryptos in India…
Let’s check out how to proceed with that…
How to Invest in Cryptocurrency in India
For beginners, there are two broad approaches to enter the crypto world. The first one is Mining — the super-complex and intellectual method to get cryptos. Read More about mining – How to Mine Cryptocurrency? | What is Cryptocurrency Mining?
But here’s the catch, mining process requires some special equipment as well. And generally, that isn’t everyone’s cup of tea.
Now, let’s take the second and easy approach to enter the crypto markets — Crypto exchanges. For all those who are not aware of Crypto Exchanges, here is a quick definition…
Crypto exchanges are self-regulated platforms that help you purchase and sell cryptos such as Bitcoins, Ethereum, etc.
Let’s see something more…
Procedure to Invest in Cryptocurrency using Crypto-exchanges
Here’s a step-by-step guide, which will guide you on how to invest in cryptocurrency through exchanges?
1. Choosing the right Crypto-exchange
Look, the first step is to choose a platform that suits you. You’ll have to get your account opened with crypto exchanges in India, like WazirX, BuyUCoin and CoinDCX Go etc.
Going by the convenience, safety measures and simplicity, CoinDCX Go stands out at the top. It supports INR as fiat currency that is the best thing about this crypto exchange. Here you can really invest in cryptocurrency as low as Rs 10! It has a very clear interface that makes it more convenient.
2. Get your KYC done
Once you’ve chosen a crypto exchange, the next move would be to get your KYC done. For this , you’ll have to upload several documents like photo identity proof, address proof, PAN card, etc., with the exchange. KYC is to prevent fraudulent practices and to ensure that you and your account is genuine.
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3. Setting payment options
Further, you need to set up a payment option(s). It’ll be applied for deposits and withdrawals while selling & purchasing cryptos. But you’ve to be very watchful of the fees imposed by crypto exchanges. Some Crypto exchanges get a bit every time you transact! But it is senseless, right?
And that’s the reason we have recommended CoinDCX Go as it’ll not charge you with any transaction fees for withdrawals, deposits, and trading cryptos, — literally zero fees!
3. Placing the trade order
After practising these steps, now you can say that you’re all set to start crypto trading. Well, for your information, unlike stock markets, you can actually trade cryptocurrency 24/7.
Post the trade order, you can collect this currency in wallets and/or withdraw your funds.
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Crypto investing at your fingertips
You can now trade from your mobile app with India’s simplest Crypto exchange application, CoinDCX Go. You will love to use its super cool and user-friendly user interface that makes your investment procedure very smooth. Bitcoin live charts, cryptocurrency calculations and crypto price alerts empower you to make planned investment decisions.
Buying Bitcoin on CoinDCX Go is as simple as tapping on your mobile screen. If you are new to the cryptocurrency market, it is definitely the app to start with. With a perfect blend of convenience, account safety and simplicity CoinDCX Go is, unquestionably, the best crypto investment mobile application in India.
Cryptos are like a new trend in the markets and new to us all. First, get trained, acquire knowledge and only then proceed to invest in Cryptocurrency. Last but not least, always remember – Invest in what you know.
See you in the next post, Have a nice day. Do a favour, leave a comment.