A Guide to Buy & Sell Cryptocurrency in India Safely. List of top Indian & Global Crypto Exchanges to Trade Cryptos in India Easily
Nowadays cryptocurrencies an electronic money are the most popular across world of digital asset and most of the private crypto investors and new traders are from countries like the India, USA, Nigeria, Russia, Brazil, China. The current global of crypto market cap of cryptocurrency is US$2.64 Trillion. Alone in India has around 11 Crore cryptocurrency in current time holders but most of the crypto traders are private and investors are confused about how to find the way into crypto gems before it becomes too big for small investors. Beside this it is hard to find good info and buy many cryptocurrency app into local exchanges. In this article we are going read and write review to discuss how to buy cryptocurrency and related assets on different exchanges and using wallets.
What is cryptocurrency?
A cryptocurrency electronic money is a form of payment that uses a decentralized technology via online app and website called blockchain to buy goods and services online world. Blockchain manages records and report transactions as the technology is spread across many computers. The important feature given of this technology is its security.
How Many Cryptocurrencies are there?
According to statista.com report, around 7557 distinct cryptocurrencies listing are available to trade publicly by the month November 2021. Top 5 popular crypto currencies among them are Bitcoin, Ethereum, Binance Coin, Tether, Solana, Cardano, and Ripple.
How much is the Cryptocurrency Market Worth?
If we combine all cryptocurrencies in the world to get a total value of more than American US$2.5 trillion. The total value of all the digital cryptocurrencies was above US$2.9 trillion in the third week of November 2021 which has fallen off and reached $2.5 trillion.
Are Cryptocurrencies Legal?
Except EL Salvador no other country in world has announced bitcoin or any Cryptocurrencies as legal tender. Countries like the great nation USA, Japan, Canada, India ,UK etc are trending those virtual digital currencies and making good money. Now India in Asia is thinking of regulating crypto assets, from month June 2021 Bitcoin is legal in the great United States, UK and Japan; however, China has prohibited their digital utilization, and eventually of that whether they’re legal relies upon every individual big country. Likewise, make certain to think of digital currency about how to save yourself from getting fraudsters who consider digital cryptocurrencies to be a chance to swindle investors. The main reason to not making it as legal tender is the high Volatility.
How to Buy Cryptocurrency?
Now, we are coming to the point with cryptocurrency of how one person can get buy, trade or invest in various digital cryptocurrencies. These are the following major points have to follow while going to buy crypto tokens-
1.Choose a Crypto Exchange
The 1st step is to choose a digital Cryptocurrency trading platform. Now there are few more parameters that you need to take care of-
- – Which crypto coin do you want to trade?
- – How to find out where the chosen crypto is available to trade.
- – Is it easy to buy or sell crypto and cash out easily at your local currency?
- – Is that particular exchange available to access from your country location for hassle free trading.
- – Is the crypto exchange providing the facility to transfer the crypto assets to personal crypto wallet if someone wants to for security purposes.
2. Number of Cryptocurrencies
You can choose from those private exchanges who have the maximum number of digital crypto tokens available. This can increase your opportunity to earn more by investing in different crypto projects.
You can use coinmarketcap or Coingecko to check all the details where can trade the coin of your choice. These sites clearly give you details and shows you in which exchanges that particular token is available.
3. Fees for Crypto Trade
Different crypto exchanges privately charge different fees for adding more local currency to their wallet, to buy major trading in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT) etc. for trading other crypto tokens. Most of the top exchanges have their own virtual currency along with BTC, ETH or USDT as trading pairs for other top cryptocurrencies. Example- Binance Exchange has Binance coin, has WazirX token. All crypto exchanges charge around 0.1% to 2% as their trading fee.
As cryptocurrencies list are not regulated, there are lots of scams took place that also occur daily which cost you millions of dollars daily to most innocent crypto traders. So, choose only reputed crypto exchanges in market which are backed by a good support team and have the best level security features for ease of doing good business. For example Binance is the world leader on crypto.
As we are talking about security level you also have to check online internet decentralized crypto exchanges or application wallets official addresses carefully on trading searches and then use the site. For example, the popular app platform pancakeswap. finance or sushiswap.com has duplicate forms of fake sites ads are also shown on top search which you have to be very careful.
After evaluating all these points you should choose the best crypto exchange platform and trade cryptocurrencies.
Top International Crypto Exchanges to Buy & Sell Cryptocurrency
Since various representatives about crypto have various qualities, you want to sort out what type of crypto exchange online would be best for your crypto interests. A few brokers of crypto give a social trading platform where you find duplicate other brokers’ exchanges in your bank account. Others can offer the minimum capacity to make exchanges in a more safe extensive determination of altcoins. Picking the best digital crypto representative relies generally upon tending to your major necessities as a dealer or investor. Some famous top cryptocurrency exchanges are given below to buy or sell crypto.
- Huobi Global
This is to be noted that, All of these listing exchanges need a proper KYC verification with profile to trade cryptocurrency and few of them have their own local versions available to use. But few have restricted access to some countries.
Top P2P Platforms to Buy & Sell Cryptocurrencies
Here we have listed top sites of Peer to Peer (P2P) Cryptocurrency exchanges to trade crypto with multiple local and global payment options-
2. Binance P2P
4. WazirX P2P
Top Crypto Exchanges to Buy & Sell Cryptocurrency in India
As crypto trends are growing time to time rapidly in India, there are a bunch of new and big crypto giants operating where you can trade the cryptocurrency in India seamlessly. These crypto exchanges are as follows-
Future of cryptocurrency in India
As per NDTV’s exclusive report that show Govt of India will not ban cryptocurrency but they will keep regulate it. Though bitcoin or any other digital crypto token will never be the legal tender in India but may be termed in India as virtual asset and will be looked after by indian financial company SEBI. So, the government is going to introduce the digital cryptocurrency bill in the winter session of the parliament.
Decision can have Pros and Cons both but as per blockchain technology digital cryptocurrency ban is next to impossible and many big industry like Reliance, Tata, Navi Fintech also on the way to go with the flow of future technology.
Where can I Buy Bloktopia Metaverse Token?
Ans. You can trade Bloktopia at Kucoin exchange as of now and very soon this token will be available on Binance also.
Before investing in digital Cryptocurrencies, you must do deep crypto research on crypto projects. As the market is very volatile there is a chance of big lose like big gain so trade wisely and do not violating government regulations. To do research on cryptocurrency tokens and projects you can use coinmarketcap.com, coingecko.com and other top crypto exchange blogs. If you have any query please comment below.