How to Invest in Cryptocurrencies In INDIA

How to invest in cryptocurrencies in INDIA

Many of us have an idea about cryptocurrencies. There is a boom in the no. of investors showing interest in this field in last few months. Many of us heard about bitcoin from daily news channels. Now a days , everyone is talking about bitcoin and cryptocurrencies and there is big reason behind this , and that is none other than MONEY. Undoubtedly, cryptocurrencies has the power to make your money 2x , 3x even 10x and 100x in very short time. 

Many of us are fascinated about this and wanted to earn the same as others. But due to lack of exact information and support , we just let the idea of investing go. So , if you are the one , who is willing to invest in cryptocurrencies and you are an indian , you are at the right place. I'll will give you detailed step wise guide to invest in cryptocurrencies.

PS:- There are two rules to invest in cryptocurrencies.

       Rule no 1:- Invest that amount of money which u can afford to loose

       Rule no 2:- Never forget the rule no 1

There are two ways to invest in cryptocurrencies ,

    1. Buy a coin from any exchange

    2. Mining

In this Blog , we discuss about only 1st point. So , the first question is What is an Exchange ?

In simple words , exchange is a website , from where you can buy cryptocurrencies. Some of the best websites are 

1. Koinex 

Koinex "was" one of the best indian exchange. I used was because , I guess they are now lacking in customer support and their competitors are doing very well. But they still have the largest BTC volume.

They are currently trading in more than 22 cryptocurrencies. They also have Crypto - Crypto pairs for trading , but there is not much volume of coins in those pairs. I suggest newbies to go for INR pairs only. 

They have best in class Android APP , which makes the experience of trading very smooth. But there app requires more often login details , which is quite irritating but still its OK as they have our money.

If you want to go for koinex , link is given below, or you can click on the above heading 

https://koinex.in/

*Rating :- 3/5

2. Coindelta  

Coindelta has some of the best features among all the indian exchanges , such as their lastest  "One Page Market Screen" This advance one page market screen allows the the user to have a look on Bids , Coin price Graph , His/Her Orders , News Feed and can buy/sell his/her coins. This feature definitely gives the CD an advantage over other exchanges. 

They have very active customer support for their users. And there is also very minimal fee for trading on cryptocurrencies. They are trading in more than 22 cryptocurrencies in INR and BTC pairs. But they dont have any APP right now , may be they have one very soon. If you want to go for Coindelta , Link is given below or you can click on the above heading

https://coindelta.com/market?active=BTC-INR 

*Rating :- 4/5

3. BITBNS

They have the second most volume of BTC after koinex. Their Web version may be quiet irritating for trading but they got the best Android APP for trading , you have all with their app. They have most no of coins for trading. They are currently trading in more than 35 coins with INR pairs. 

The best thing about them , they often organizing crowd sale for cryptocurrencies and various competitions regarding trading and winner got respectable amount of specific crypto. I mean , who organizes crowd sale for crypto..BITBNS does..!!

They also have active Customer support for their users. Once You have landed on their site , you will be their customer forever. If you want to go for BITBNS , which i personally prefer , Link is given below and you can click on the above heading.

https://ref.bitbns.com/22114

*Rating :- 4/5

And like most of the websites , you have to make the account on particular website. As it's a matter of money , you have to Complete KYC (Know Your Customer). You have to upload your

    1. Aadhar card

    2. Pan Card and

    3. Bank a/c Statement

Opening an account is not that tough task , if still you got any query you can comment down below , you will be guided further. After Opening an account , your half way is already done, Now you just have to buy the cryptocurrencies. 

Many of you , should be thinking why i'm using word cryptocurrencies instead of Bitcoin. So, let me tell there are more than 1000 coins like Bitcoin. But , yes Bitcoin is the Father of  Cryptcurrencies. So , now the question arises , In which coins should we invest.. So just Wait for my next blog. I'll tell you about the most promising coins of 2018 till now.

* Ratings are as per my opinion , they can vary person to person.