All you need to know about cryptocurrencies and How to Trade cryptocurrency like Bitcoin, Etherum in INR in India?
What is cryptocurrency?
A cryptocurrency is a virtual currency that uses blockchain technology to register a transaction through a peer to peer network. It works on the model of a decentralized system. This model of the decentralized transaction has many uses where the government cannot control the medium of exchange. The common man doesn’t have to worry about inflation or deflation as the registration of blocks in the blockchain remains fixed.
How to Trade Cryptocurrencies in India
Now The Supreme Court Of India has struck down the RBI ban on banks from providing services to crypto businesses. Cryptocurrency is a decentralized and digital currency that has gained significance in the investment market. There are two ways through which one can invest in cryptocurrencies.
1.Overseas Exchanges
2.Local Exchanges
The below-mentioned platforms allow cryptocurrency trading with INR, USD, USDT, C2USD. That means you can buy Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and other available cryptocurrency using these four markets. You can even store cryptocurrency in a digital wallet that is provided by the exchange itself. Users are given full custody of the wallet to maintain transparency.
For buying and selling cryptocurrency, one needs to have a complete understanding of the crypto market. You can go through news and blogs to know about the prevailing prices of different stable coins. and you can spend as low as Rs.10 for buying cryptocurrency in India. The best thing about cryptocurrencies is that they can be bought in chunks or small parts if not as a whole. Also, many well-known cryptocurrencies are economical, which can be bought by investors with less money
Following are some of the top Indian exchanges where you can trade cryptocurrencies
PCEX Member: Leading cryptocurrency exchange PCEX Member is one of the most popular and trusted coin trading platforms in India. It levies zero charges as a maker and taker fee. Traders have a wide option to trade in cryptocurrencies like BTC, LTC. BCH, ETH, and many more using Indian rupees. Other options for coins are USD, USDT, and C2USD.
Being one of the best bitcoin exchanges in India, PCEX Member has the lowest trading fee with a digital wallet whose custody is solely given to clients. To start trading on this coin trading platform, you just have to create an account, complete the KYC process, and link your bank details with the account. PCEX Member is also going to launch its Android app soon. This means that you can soon trade cryptocurrencies with INR in a single tap.
Visit: https://www.pcexmember.in/
WAZIRX: Wazirx is a cryptocurrency trading platform and it is on its way to becoming India’s most trusted bitcoin exchange. The exchange allows you to buy, trade, and sell many coins like BTC, LTC, Ripple, Ethereum, and many other cryptocurrencies using Indian Rupee. WazirX has its token WRX.
To signup on the platform, clients have to go through KYC verification. Wazirx is backed by the largest cryptocurrency exchange in the world, Binance. It has its mobile app for Android and iOS and claims to provide multiple hundred transactions per second. The exchange does have a market maker and market taker charges
Visit: https://wazirx.com/
ZEBPAY: ZebPay promotes a stress-free and secure trading experience to its clientele. Unlike other crypto trading platforms where the withdrawals take a longer duration, ZebPay supports instant withdrawals allowing users to use their Bitcoins to make instant payments. Zebpay has enhanced security controls. Users can easily buy coins through their smartphones using Zebpay mobile app. Lastly, it has a robust API and endless possibilities for crypto pairs
Visit: https://zebpay.com/
