How to Invest in Cryptocurrency in India: Beginner's Guide
From investments to money transactions, everything is going paperless. The newest and most exciting addition to the digital payment business is cryptocurrency. A cryptocurrency is a means of payment similar to traditional currencies such as the US dollar but created specifically for the exchange of digital data.
As per recent research of crypto users in India, the country has seen over 880% in the adoption of the crypto market, between June 2020 - June 2021 worldwide and the number of crypto users in India has crossed over 15 million too.
Here are 5 most popular cryptocurrency exchange platforms in India that can help you start your journey towards investing in cryptocurrency in India
CoinSwitch Kuber is a cryptocurrency exchange platform for retail investors that is only available in India. It offers trading in 100+ cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dash, and others, using Indian Rupees and is available as a mobile application.
Kuber app is accessible on both Android and iOS. CoinSwitch Kuber claimed a profit of $8 million for the fiscal year 2020-21. The platform's creator, CoinSwitch, has processed over $5 billion in cryptocurrency transactions.
2. WazirX
WazirX is a peer-to-peer cryptocurrency exchange in India that allows users to buy, sell, and trade digital assets and cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. WazirX was the first exchange to offer p to p bank transfers.
In the Indian cryptocurrency ecosystem, it is already a market leader. Binance's acquisition of WazirX is another step toward making bitcoin more accessible to the general public.
3. CoinDCX
CoinDCX is a cryptocurrency-enabled financial services provider, based in Mumbai, Maharashtra, India. They are the largest bitcoin exchange in India. CoinDCX offers a blockchain and cryptocurrency learning platform.
The CoinDCX Learn platform is a blockchain and cryptocurrency academy that provides guides, articles, courses, and lectures on a variety of topics. CoinDCX launched CoinDCX Go on December 10, 2020, an app that enables newbies to buy bitcoin in India with simplicity. Users can purchase any cryptocurrency using the CoinDCX app.
4. Zebpay
Zebpay is a reputable and safe cryptocurrency exchange with a wallet that caters to users all around the world, including India. Zebpay is available on the web, Android, and iOS to trade bitcoin, ether, ripple, and other major cryptocurrencies. Anyone anywhere can enjoy a flawless mobile trading experience with Zebpay.
Zebpay has been trusted by over 3 million customers throughout the world for its security and ease of use when it comes to crypto trading. It's one of the first big exchanges to accept Lightning Network trades.
5. Unocoin
Unocoin is a cryptocurrency trading platform that allows anyone to purchase and sell cryptocurrencies. It is India's most reputable cryptocurrency exchange. Unocoin has over 40 crypto coins registered on its site.
Unocoin is a cryptocurrency with a mobile app and a web interface. The app is available for Android and iOS. Unocoin also simplifies and streamlines the purchasing and selling process. The interface of the Unocoin program also supports a number of popular Indian languages.
Conclusion
Investing in cryptocurrency is slowly picking up pace in India and quite honestly, the number of crypto investors in India will keep on growing. Crypto Street India is a crypto knowledge platform that is working towards building a free learning platform for crypto enthusiasts in India.
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