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purchase, sell & exchange 100s of cryptocurrencies with INR
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Rs.500 Bitcoin: The easiest way to buy/sell 100s of crypto. Signup on Coinswitch
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Easy · Quick · Secure Instantly
purchase, sell & exchange 100s of cryptocurrencies with INR
CCFO introducing an app in this video that will allow you to
receive Rs.500 worth of free Bitcoins. Day after day, Bitcoin gains strength,
so I suggest that you hold Bitcoins in your wallet until it hits its highest
amount. There is various other Bitcoin earning applications that can earn
Bitcoin free of charge. At the time of sign-up, you will get Rs.50 worth of
Bitcoin, then you can refer to up to 10 people to receive rs.500 worth of BTC.
What is CoinSwitch Kuber
CoinSwitch Kuber is a secure, user-friendly platform for
users in India, where they can buy 100+ cryptocurrencies like Bitcoin,
Ethereum, Ripple etc easily, at the best rate, with a variety of payment
options being offered. The users can access the pooled liquidity of the leading
exchanges in India to get the best rate and trade instantaneously, after
completing the KYC/AML procedures. CoinSwitch Kuber app is the best
cryptocurrency trading platform by providing you with a seamless user
experience, through a simplistic user interface.
CoinSwitch Kuber App Features:
Simplistic user interface
Supports 100+ cryptocurrencies
Instant Deposits and Withdrawals
Fastest INR to crypto exchange, crypto to crypto and crypto
to INR trading
Provides best rate in the market
Smart and superfast KYC process
Ideal for beginners as well as daily doers
Prompt customer support
All About Cryptocurrency Trading in India
The 4th of March, 2020 proved to be an iconic day when the
Supreme Court of India passed their judgment on a two-year-old banking ban on
cryptocurrency trading. In April 2018, the Reserve Bank of India (RBI) had
imposed a ban that barred any financial institutions from facilitating any
virtual currencies related services. Now, the decision to lift the crypto ban
by the Supreme Court of India could lead to tapping the potential Indian
marketing, which could translate to notable growth in trading volumes.
This is the first step towards the adoption of
cryptocurrency in India, which has the potential of becoming one of the leading
crypto markets in the world. Before the trading ban was lifted, the local
traders in India had to use peer to peer trading platforms, where they could
convert their currency and trade or invest in. But now, the Indian crypto users
can directly trade with the INR as the currency, and buy cryptocurrencies,
without having to fear regulations.
As India is home to around 1.3 billion people,
cryptocurrency trading in India can really make the volumes spike up,
considering at least 1/4th of the population showing interest or awareness
about cryptocurrencies, and how it can remove any kind of dependencies on third
parties like banks to control the money. Now people of India can usitile cryptocurrencies
with their full potential.
How Cryptocurrency Trading Works?
Cryptocurrency trading is the process of exchanging INR to
cryptocurrency or cryptocurrency to cryptocurrency. The process of selling crypto
after holding it is also a part of cryptocurrency trading. This entire process
happens through a trustworthy exchange platform, and this is where you have to
do a bit of research before trusting any platform with your crypto asset.
The best option is to go for an exchange, which gives you
the leverage to have complete control over your funds. CoinSwitch Kuber is that
crypto exchange platform, which enables the Indian crypto users to go through
the trading process in a seamless way. The best part is that you don’t have to
browse through multiple exchanges in search of the best trading rate.
CoinSwitch Kuber pools the liquidity from leading crypto exchanges from India
and allows its users to trade cryptocurrencies at the best rate. One can trade
over 100 cryptocurrencies at the best rate.
CoinSwitch Kuber is specially designed for users in India
and facilitates the trading of cryptos by completing KYC in a few simple steps.
Here are the steps to get you started on crypto trading with
INR with CoinSwitch Kuber:
1. Download
the app:
2. Using CoinSwitch Kuber: CoinSwitch Kuber Guide
Benefits of Crypto Trading in India
India has greater potential when it comes to cryptocurrency
trading because of its progress in the blockchain domain, as most of the
technology and financial firms have embraced the nuances of virtual currencies.
The Indian market is full of opportunities for investors and the economy as a
whole. Even before the crypto ban was lifted, some of the crypto enthusiasts
resorted to P2P trading, with a certain level of doubt and uncertainty.
The trade volume in January 2020- two months before the
Supreme Court lifted the ban on crypto, was over 3 million USD, and over 23,500
transactions represented an 11% month-over-month increase. Inspite of no
government support, the interest towards digital currency shows that the Indian
cryptizens are very supporting of cryptocurrencies and its benefits, which can
lead to financial freedom. Given the right amount of awareness and education,
India can most likely become a crypt superpower in the years to come.
The adoption towards innovative blockchain technology across
different sectors like banking and financial services, supply chain,
healthcare, retail, and insurance industries has the potential of adding an
extra 5 billion USD to the Indian economy.
Last but not least, India can create a lot of employment
opportunities with cryptocurrencies and blockchain technology in place, and
overall it would lead to a stronger digital economy.
Tips to Follow Before Investing in Cryptocurrencies
The price of cryptocurrencies are very volatile. When you
decide on investing in cryptocurrencies, it needs to be done after some
homework, as once you invest it is going to stay as an asset for you. When you
are putting your money on any crypto asset, there is a certain amount of risk
associated with it. In order to make sure, you are investing right, you need to
follow some simple tips:
#1 Do research on the coin you’re planning to invest
Ask yourself these four questions before finally giving
into:
Which market is the coin disrupting, for eg virtual
payments, cloud storage, etc?
What is the technology behind the currency? Is it easy to
use, accessible and scalable)
Research about the minds behind the creation of the coin,
know its market potential, read about it more and more from sources like
CoinMarketCap.
Last, but not the least, what is the acceptance ratio of
that coin. What is it that distinguishes this coin from its peers, i.e, what is
the USP?
Tip: Beware of the FOMO factor. Do not invest because
you feel like you are missing the opportunity. This is the top cryptocurrency
trading strategy.
#2 Install a price ticker
A price ticker will alert you whenever the price fluctuates.
So, it's better to install it on your phone. Depending on the price, you can
make wise investment decisions. In this way, you can keep a tab on the
particular cryptocurrency you are planning on investing in. This is one of the
common strategies for day to day crypto trading.
#3 Watch out for scams
You need to always watch out for any kind of misleading
information or fraudulent activity. Always try to go with the coin with high
credibilities, like the community and developers behind the creation of the
coin.
#4 Follow the market leaders and listen to their views
There are creators, developers, crypto experts and investors
who are active on social media, stating their recommendations and investment
strategies. Those people have been trading for a while now, so it's wise to
follow their recommendations, as mostly they are doing it right. This can give
a direction to think about a crypto invest in.
#5 Secure your crypto assets
Investment is not the critical part, but securing is. You
need to figure out where you are going to store your crypto even before
investing in it. This means you have to select a secure crypto wallet, for
storing your crypto tokens, which will prevent your funds from any kind of
hacks or attacks.
Best Cryptocurrencies to Invest in India
When it comes to choosing cryptocurrencies, you must always
go with the ones that have a high probability of a good return on investment.
There are certain cryptocurrencies, which have been there for a long time,
going through both good and bad times. Even there are the new ones, which have
proved their worth, beyond imagination. There are certain crypto tokens favored
by the cryptizens in India, and they’ve proved to be loyal aficionados of those
coins.
Some of the cryptocurrencies should prove fruitful to the
investors in India, which are:
#1 Bitcoin (BTC)
Bitcoin has always been on the top, maintaining its status
in the crypto space. BTC is the oldest and the most popular cryptocurrency
ever, with the highest demand amongst the global cryptizens. As the Bitcoin
supply is scarce with 21 million, of which only around three millions are left
to mine, it is considered as an asset. Bitcoin is that one cryptocurrency that
people are aware of, if not totally into it. BTC has the highest adoption rate
across the world as compared to others.
#2 Ethereum (ETH)
After Bitcoin, Ethereum is the second-largest cryptocurrency
and probably one of the promising long-term altcoins available. Founded in
2017, Ethereum has been a popular choice among enterprise clients as it can
integrate smart contract protocols into its blockchain. Ethereum has been
showing high signs of volatility and is almost touching the $200 mark.
#3 Ripple (XRP)
Ripple is the third-largest cryptocurrency, having great
demand by the Indian users, as XRP is the hot choice for the go-to blockchain
for banking and financial institutions. XRP can be used as an intermediary in
the future for quick transaction-processing times and cross-border
partnerships. XRP has great potential for future achievements; hence it can be
fruitful for return on investment.
#4 Binance Coin (BNB)
Binance is not only one of the world’s leading
cryptocurrency exchanges, but it owns one of the popular coins, too- Binance
Coin (BNB). BNB falls under the top 10 cryptocurrencies in the world by market
cap. Binance has high liquidity and one of the assets which are superior in
cryptocurrency trading. BNB offers great prospects in the long run as it
increases steadily at times of turmoil, too.
#5 Litecoin
Litecoin is the world’s first open-sourced P2P altcoin that
has maintained its positional consistency by market capitalization. Litecoin is
forked from Bitcoin, and is the seventh-largest cryptocurrency in the world. It
enables near-zero, instant cost payments to anyone in the world. Improved
storage efficiency and faster transaction confirmation times make it one of the
most favored cryptocurrencies by the users in India.
Scope of Cryptocurrency in India
March 4, 2020, marks a historic day for the cryptizens in
India, as the two-year-long crypto ban by the Reserve Bank of India (RBI) was
overturned by the Supreme Court of India. Now that the crypto enthusiasts can
trade and make a transaction without any fear or contempt, this paved a way to
a new milestone altogether. The Indian cryptizens can now purchase
cryptocurrencies with the Indian rupee directly, with the help of the crypto
exchanges. We can expect more active trading, which can ignite a crypto
revolution. As per a study by Paxful, 78.5% of the survey respondents believe
that traditional finance is corrupt, and 64.8% believe this is the best way to
achieve financial freedom.
Not only that, but this will also lead to great employment opportunities
with regards to blockchain technology and cryptography. India is home to around
1.3 billion people, where employment is a huge concern. According to a survey
by Paxful, 43.50% of respondents believe that this crypto independence would
lead to an increase in jobs and entrepreneurial opportunities. India’s crypto
volumes are increasing every week, as more and more people are showing interest
in virtual currencies. Due to COVID 19, most of the places are under lockdown,
and this is proving to be a contributing factor to the ever-rising crypto
trading volume in India.
Why CoinSwitch Kuber is the Best Cryptocurrency Exchange
in India?
CoinSwitch Kuber is developed by the team CoinSwitch. Funded
by Sequoia Capital, CoinSwitch was started in the year 2017 with an aim to ease
up the crypto trading process for the users. CoinSwitch acts as one of the best
crypto trading aggregators, partnered with the leading exchanges, wallet
services, gaming partners, etc. Users from over 160 countries trade more than 300
cryptocurrencies. CoinSwitch trading platform has processed over $5 billion in
crypto and brings the same trust and security to INR trading. CoinSwitch has
built CoinSwitch Kuber to provide the same experience to Indian users buying
and selling cryptocurrencies with INR.
FAQs on Crypto Trading in India
What is a cryptocurrency?
Cryptocurrency is a virtual currency, which works as a
medium of exchange, leveraging the blockchain technology, in a decentralized
manner. There are more than 5000 cryptocurrencies, out of which Bitcoin is the
most prominent one.
Is Cryptocurrency Legal in India?
Yes, Cryptocurrency is absolutely legal in India.
What is the Future of Cryptocurrency Trading in India?
The scope of cryptocurrency in India looks really amazing as
India has a high potential to embrace cryptography knowledge, which would
contribute to the enhancement of the economy as well.
How to Buy Cryptocurrency in India?
You can buy cryptocurrency in India by downloading CoinSwitch Kuber
App, and then you can follow the simple steps and buy more than 100
cryptocurrencies with INR, at the best rate.
Why CoinSwitch Kuber is the best cryptocurrency Trading
Platform in India?
CoinSwitch Kuber is a unified platform supporting more than
100 cryptocurrencies for its users to buy and sell with Indian Rupees.
CoinSwitch Kuber pools liquidity from leading crypto exchanges to provide
trading to its users at the best rate.
How can I buy any cryptocurrency other than bitcoins in
India?
You can buy more than 100 cryptocurrencies from CoinSwitch
Kuber, and that involves the same steps like buying Bitcoin. You need to
download the CoinSwitch Kuber app and complete the KYC process after that you
can buy any cryptos with INR.
Which is the best cryptocurrency to invest in India?
All the cryptocurrencies have their unique vision statement, with a different purpose. You need to do thorough research on any cryptocurrency you are deciding on investing in. Bitcoin is the most favorable cryptocurrency in India. Other cryptocurrencies include Ethereum, Ripple, Binance Coin, and Litecoin.
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