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India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
- Home
- Outlook Arena
- Crypto Investment in India
Crypto Investment in India
At arguably over 100 million, India has the largest number of crypto owners in the world. Many small Indian investors put their risk capital in cryptocurrencies attracted by the chance to earn high profits by investing small amounts.
You can invest in crypto without being technologically savvy. With user friendly apps, investing in cryptos has become very easy.Keep reading to learn more about how to invest in cryptocurrencies in India.
Open a cryptocurrency investment account
Start by opening a cryptocurrency account at your chosen exchange. There are multiple exchanges and platforms available for investors in India. The dominant players are CoinSwitch Kuber, WazirX, Unocoin, Zebpay and CoinDCX.
Signing up typically takes just a few minutes as all you need to do is provide your basic KYC details such as PAN card, contact information, address proof and photo ID,
Deposit funds in your account
You need to transfer funds into your new account to purchase cryptocurrency. This can be done by linking the account with your bank and using net banking to transfer the funds.
Choose Cryptocurrencies for investments
You should not just buy a cryptocurrency because you've heard of it. Investors must spend time researching each cryptocurrency to understand its potential upside and risks.
The crypto universe has grown rapidly in the last decade, with many new coins in circulation. However, not all of these tokens are available at all exchanges.
It is advisable for investors to choose widely circulated cryptos having a good background and liquidity.
Buying Cryptocurrencies
Once you have decided which crypto you would like to buy, click on the desired coin, enter the price and quantity of your choice and then just hit the buy button.
When you see a confirmation of trade, you're officially a cryptocurrency investor!It's a good idea to do some research about cryptos before investing to make informed investment decisions. As with any investment, consider both the potential upside and risks when deciding if or how much to invest.
For more details about the best cryptos to invest, check out our learning course - CryptoMaster, which should help you understand cryptos better.
Happy Investing!
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