iInvest in Cryptocurrency – The cryptocurrency fever has gripped the world, with the aggregate value of crypto currencies reaching the $2 trillion mark last week. Indian investors, like international investors, have poured billions of dollars into digital currencies, owing to the presence of cryptocurrency exchanges trying to transform the country’s crypto sector.
Several trading platforms or applications that allow its consumers to easily trade in cryptocurrencies have developed in recent years. A handful of them currently have millions of clients trading on the platform, indicating the digital asset’s appeal in India.
According to the most recent count, there are over 6,500 cryptocurrencies. Of course, not all of them are equally desirable, just as not all currencies in the actual world are on equal footing.
Investors considering entering the cryptoverse must decide whether to acquire a large quantity of one currency, divide their funds between two distinct cryptocurrencies, or participate in the movement of numerous currencies.
There is no one-size-fits-all methodology, and selecting which cryptocurrencies to invest in cryptocurrency differs based on one person’s risk tolerance against another’s.
Here is a list of the top five invest in cryptocurrency exchanges in India:
CoinDCX
CoinDCX is one of India’s most popular invest in cryptocurrency trading sites. Since its inception in 2018, the Mumbai-based firm has registered over 3.5 million innovators on its website.
CoinDCX, which costs a minimal trading fee, allows investors to trade in over 200 cryptocurrencies. Most significantly, the platform provides its clients with free deposits and withdrawals.
The ability of CoinDCX to enable immediate fiat to crypto conversions with no fees is a significant benefit. As a result, consumers may invest in cryptocurrency a wider range of investment models, including cryptocurrencies and other financial services. CoinDCX, which was founded in 2018, has so far raised US$19 million in financing. In addition to providing crypto and financial services, the site offers its own product called ‘Insta,’ which simplifies fiat to crypto purchasing and selling.
WazirX
WazirX, based in India, is one of the country’s most popular and successful invest in cryptocurrency exchanges. WazirX, which launched in 2021, offers its users peer-to-peer transaction capabilities and operates a system capable of processing millions of transactions at once. Many investors choose the platform’s easy-to-use venture on web, Android, and iOS mobiles. In addition to the features, WazirX has an unique KYC system that validates identities in a matter of hours.
Coin Switch Kuber
You may recall CoinSwitch Kuber’s marketing campaign during the Indian Premier League (IPL). The exchange, which debuted in 2017, allows investors to place trades with as little as Rs 100.
Although CoinSwitch is not designed specifically for Indian investors, it is one of the top invest in cryptocurrency exchanges in the world, supporting and using the best services for a wide range of nations. The platform first arrived in India in 2017 and has since expanded to every nook and cranny. Over 300 coins and 45,000 trade pairs are available on CoinSwitch. Aside from offering invest in cryptocurrency services, the portal also helps investors by addressing their queries.
UnoCoin
Unocin is one of India’s earliest crypto trading platforms, having been founded in 2013, long before the crypto-mania seized the world. There are presently over 1.5 million registered investors on the site.
Uncoin trades well-known cryptocurrencies such as Ether and Tether, but its primary emphasis remains bitcoin. Users may purchase and sell all of the mentioned platform trade cryptocurrency in India. Furthermore, Unocoin is well-known for its unique OTC (Over The Counter) services, which enable bulk transaction, and the SIP (Systematic Investment Plan) function, which enables users to specify an amount that will be deducted from their account automatically every month.
Bitbns
Bitbns is a invest in cryptocurrency platform that is relatively unknown in India. However, the exchange is regarded to be one of the finest for investors just starting out in the crypto world. Bitbns exchange provides investors with grade-A security and supports payment methods like as UPI and net banking.
Conclusion:
Bitcoin is gaining popularity in India like never before. As a result of the huge bull run in late 2020 and early 2021, bitcoin has emerged as the country’s top digital asset. When the digital currency reached US$65,000 in mid-April of this year, people began discussing ways to buy it. Although the record price did not stay long in the market, it made a significant impact on Indian investors’ investment plans. Bitcoin, which is based on blockchain technology, is a decentralised digital token that operates without the supervision or guidance of a central authority. In India, the legality of cryptocurrencies is still being debated. The Supreme Court of India has overturned the Reserve Bank of India’s ban on cryptocurrency trading.
This has resulted in even more lax rules surrounding bitcoin investments, as well as the creation of a slew of invest in cryptocurrency exchanges. According to a study, more than 30% of Indians have invested in cryptocurrencies. As a result, investors and traders are eager to purchase and sell bitcoin via leading invest in cryptocurrency exchanges. These top cryptocurrency exchanges provide a multitude of choices for purchasing, selling, trading, and lending coins. Some even provide user-friendly and personalised services for a low price. Analytics Insight has compiled a list of the best cryptocurrency exchanges where Indians may purchase cryptocurrency and bitcoin.
While these are some of the most prominent cryptocurrency exchanges, before doing any transactions, one should examine for characteristics like as security, transaction fees, and the exchange’s trustworthiness.