How to Invest in Cryptocurrency in India in 2021 | Guide You Need To Know

How to Invest in Cryptocurrency in India in 2021 | Guide You Need To Know

How to Invest in Cryptocurrency in India in 2021 | Guide You Need To Know

Cryptocurrency is a digital asset. Nowadays cryptocurrency take a huge market in digital world . It work as a medium of exchange. Recent days cryptos are in high demand. So, we should research about cryptos and invest  in different cryptocurrency.

At first, Invest in cryptocurrency aren’t exactly illegal in India. So, you can invest and hold the amount as assets, though you can’t buy anything using cryptocurrency. Anyway, still, you can build wealth with it and this is the main thing.

INVESTING IN CRYPTOCURRENCY IN INDIA

The simplest method of investing or entering the crypto markets is using Crypto exchanges. This platform helps users to buy and sell cryptocurrencies like Bitcoins, Ethereum, etc. These platforms are self-regulated and they provide service 24*7 round the year.

Crypto exchanges help those investors who don’t want to delve into the technicalities and still like to add a number of cryptos to their portfolio.

SOME POPULAR CRYPTOCURRENCY

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Kusama
  • Binance cash
  • Dash
  • Litecoin
  • Internet Computer
  • Filecoin
  • Ethereum classic
  • Solana
  • Chainlink
  • Uniswap
  • Polkadot
  • Doge
  • PancakeSwap
  • Avalanche
  • Cosmos
  • Theta Token
  • OMG Network
  • EOS
  • Cardano
  • Matic Network
  • Enjin Coin
  • Tether
  • Ripple
  • Decentraland
  • Basic Attention Token
  • Stellar Lumens
  • Tron
  • BitTorrent

PROCEDURE TO INVEST USING CRYPTO-EXCHANGES

The step-by-step process of investing in cryptos are given below

1.Select a suitable Crypto-exchange

The most important thing in investing in cryptos is choosing a suitable platform. You must choose the best platform for investing. You can use the platform given below

If you need a safe, simple, and convenient platform then CoinDCX is clearly the best option for you. The best thing about this platform is that it supports Indian currency and you can start investing from Rs. 10 only. The user interface of this platform is very simple and easy to use.

2.Setting up KYC and payment options

After choosing a suitable crypto exchange user must complete the KYC process. The basic need of KYC is PAN card, Photo identity proof, address proof, etc. It may differ on different platforms. You also link your Bank Account with your selected platform as a payment option for deposit and withdrawal money.

3.Placing the trade order 

After setting up your account now you are ready to trade. You can trade 24*7 in the cryptos market. But, you have to wait for the right time to buy crypto because if you buy a cryptocurrency At a high price, you may face loss and lose your money.

CRYPTO INVESTING AT YOUR FINGERTIPS

You can invest in cryptos using your phone also. All platform provide in this article have their both android and ios application. You can easily download this from the play store and app store.

We will soon provide more articles about those platforms. Single post for single crypto exchange platform.

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